M+ Online Market Wrap – 26 Jan 16: KLCI +1.45 pts (+0.09%) @1,626.66 pts. Despite the fall in key regional markets, the FBM KLCI bucked the negative trend to close higher for the second consecutive session. The lower liners, however, fell into the negative territory while the Industrial (+0.9%), Trading & Services (+0.2%) and Plantations (+0.2%) sectors outperformed the broader market. On the FBM KLCI, there are 18 advancers, 11 decliners and 1 traded unchanged. WTI Crude oil price stood at US$29.64.

Volume: 1.56 bln (3-month avg vol: 2.11 bln) & Value: 1.71 bln;  Up:214, Down:719
FCPO +RM17@RM2,477
Dow Futures -102

Active stocks: 
AAX@RM0.215, APFT+0.5sen@RM0.22, TIGER-0.5sen@RM0.08, COMPUGT @RM0.045 

Potential stocks:

PADINI +7.0sen@RM1.98, price extended its gains to close above the EMA20 level with mild improvement in volumes. The MACD Histogram has turned green, while the RSI hovers above the 50 level.

MEDIAC +1.5sen@RM0.64, price has formed a gapped up formation after rebounding from the EMA60 level with high volumes. The MACD Line has given a BUY signal, while the RSI hovers above the 50 level.

CMMT +1.0sen@RM1.43, price has retested the RM1.44 resistance level with high volumes. The MACD Histogram has turned green, but the RSI is slightly overbought.

Source: Bloomberg, M+ Online

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