M+ Online Market Wrap – 22 Jan 16: KLCI +24.29 pts (+1.52%) @1,625.21 pts. Following Bank Negara’s move to reduce the Statutory Reserve Requirement (SRR) ratio, the FBM KLCI snapped a two-day of losses as the banking heavyweights rallied. Concurrently, both the lower liners and the broader market also ended higher. On the FBM KLCI, there are 27 advancers, 2 decliners and 1 traded unchanged. WTI Crude oil price stood at US$30.86.

Volume: 1.93 bln (3-month avg vol: 2.13 bln) & Value: 1.80 bln;  Up:712, Down:217

FCPO +RM30@RM2,452
Dow Futures +241

Active stocks: 
SANICHI +0.5sen@RM0.075, AAX +2.0sen@RM0.215, TIGER@RM0.085, XOX +1.0sen@RM0.17 

Potential stocks:

NIHSIN +2.0sen@RM0.315, price has formed a breakout-pullback-continuation pattern above the EMA120 level. The MACD Line has given a BUY signal, while the RSI has crossed above the 50 level.

HOVID +1.0sen@RM0.465, price has rebounded to close above the EMA20 level, after having found some support above the EMA20 level. The MACD Histogram turned green, while the RSI has crossed above the 50 level. 

BRAHIMS +10.0sen@RM1.03, price has formed a bullish engulfing candle to close above the EMA20 level with improved volumes. The MACD Histogram has turned green, while the RSI is approaching the 50 level.

Source: Bloomberg, M+ Online

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