M+ Online Market Wrap – 20 Jan 16: KLCI -10.39 pts (-0.64%) @1,618.83 pts. The FBM KLCI was traded in the negative zone for most of the trading session, in line with the fall in key regional markets (Japan Nikkei 225 plunged 3.7%). Concurrently, the lower liners and the broader market were splashed in red – FBM Small Cap and Fledging index fell 2.1% and 2.4% respectively, while FBM Ace shed 3.1%. On the FBM KLCI, there are 5 advancers, 19 decliners and 6 traded unchanged. WTI Crude oil price stood at US$27.39.

Volume: 2.35 bln (3-month avg vol: 2.13 bln) & Value: 2.10 bln; Up:168, Down:830
FCPO -RM23@RM2,479
Dow Futures -300

Active stocks: 
TIGER +0.5sen@RM0.09, NEXGRAM@RM0.065, INSTACO -1.0sen@RM0.285, GLOTEC@RM0.055 

Potential stocks:

SPRITZER +6.0sen@RM2.35, price has rebounded off the EMA9 level with improved volumes. The MACD Histogram has turned green, while the RSI is approaching the overbought level.

MICROLN +2.0sen@RM1.66, price has formed a breakout-pullback-continuation pattern above the EMA9 level. The MACD Histogram, however, extended another red bar. The RSI is overbought. 

NTPM +1.5sen@RM0.975, price retested the RM0.995 resistance level with improved volumes. The MACD Histogram, however, has extended another red bar and the RSI is overbought.

Source: Bloomberg, M+ Online

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