M+ Online Market Wrap – 19 Jan 16: KLCI +6.58 pts (+0.41%) @1,629.22 pts. The FBM KLCI closed in the positive territory owing to bargain hunting activities amongst selective O&G and plantation heavyweights. Meanwhile, the lower liners and the broader market also ended higher. On the FBM KLCI, there are 22 advancers, 6 decliners and 2 traded unchanged. WTI Crude oil price stood at US$29.88.

Volume: 2.20 bln (3-month avg vol: 2.13 bln) & Value: 1.77 bln; Up:588, Down:301
FCPO +RM7@RM2,477
Dow Futures +240

Active stocks: 
SANICHI -0.5sen@RM0.075, XDL -1.5sen@RM0.10, APFT +3.5sen@RM0.22, TIGER -0.5sen@RM0.085 

Potential stocks:

COMCORP +8.0sen@RM0.77, price has formed a breakout-pullback-continuation pattern above the RM0.61 level. The MACD Histogram has turned green, while the RSI is approaching the 50 level.

ANCOM +3.5sen@RM0.44, price has breached above the RM0.43 consolidation level with improved volumes. The MACD Histogram has turned green, but the RSI is approaching the overbought level. 

BIG +6.5sen@RM0.715, price has formed a breakout-pullback-continuation pattern above the RM0.625 level with high volumes. The MACD Histogram has turned green, but the RSI is approaching the overbought level.

Source: Bloomberg, M+ Online

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