M+ Online Market Wrap – 21 Jan 16: KLCI -17.91 pts (-1.11%) @1,600.92 pts. Tracking the weakness in Wall Street overnight, the FBM KLCI closed lower for the second straight session, due to the selling pressure in energy and banking heavyweights. Meanwhile, both the lower liners and the broader market continue to plunge sharply into the negative territory. On the FBM KLCI, there are 3 advancers, 25 decliners and 2 traded unchanged. WTI Crude oil price stood at US$27.93.

Volume: 2.52 bln (3-month avg vol: 2.14 bln) & Value: 2.12 bln;  Up:165, Down:846
FCPO -RM28@RM2,427
Dow Futures -117

Active stocks: 
TIGER -0.5sen@RM0.085, BJCORP +3.0sen@RM0.37, INSTACO@RM0.285, XDL-0.5sen@RM0.10 

Potential stocks:

CKK +2.0sen@RM1.07, price remained well supported above the EMA9 level. The MACD Histogram has extended another green bar, while the RSI continues to hover above the 50 level.

CARLSBG +12.0sen@RM11.66, price has formed a bullish engulfing candle to close above the EMA20 level with improved volumes. The MACD Histogram extended another green bar, while the RSI is approaching the 50 level. 

IBRACO +5.0sen@RM1.00, price gapped up after having found some support on the RM0.95 level with improved volumes. The MACD Histogram has turned green, while the RSI has crossed above the 30 level.

Source: Bloomberg, M+ Online

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