M+ Online Market Wrap – 18 Jan 16: KLCI -5.91pts (-0.36%) @1,622.64 pts. Following the continual fall in the crude oil prices, coupled with the weakness in the regional markets, the FBM KLCI extended its losses for the fourth consecutive time. Meanwhile, none of the sub-indices managed to buck the market trend as broader market losses was led by FBM Ace (-2.3%). On the FBM KLCI, there are 8 gainers, 20 losers, while 2 stocks were unchanged. WTI Crude oil price stood at US$29.11.

Volume: 2.13 bln (3-month avg vol: 2.13 bln) & Value: 1.87 bln;  Up:190, Down:776
FCPO +RM5@RM2,469
Dow Futures +30

Active stocks: 
SANICHI@RM0.08, TIGER@RM0.09, NEXGRAM -1.0sen@RM0.075, INSTACO@RM0.29 

Potential stocks:

DUFU +2.5sen@RM0.60, price is well supported above the EMA 9 level with surge in volumes. The MACD Histogram has extended another red bar, while the RSI hovers above the 50 level.

CAB +7.0sen@RM1.73, price formed a bullish engulfing bar with improved volumes. The MACD Histogram has extended another green bar, while the RSI hovers above the 50 level. 

FFHB +4.0sen@RM1.11, price continues to stay above EMA 9 level with improved volumes. The MACD Histogram has extended another red bar.

Source: Bloomberg, M+ Online

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