M+ Online Market Wrap – 27 Jan 16: KLCI +4.88 pts (+0.30%) @1,631.54 pts. The FBM KLCI ended higher for the third straight day as the O&G heavyweights rallied. Amidst the mixed broader market, most of the lower liners, however, closed in the positive territory with the exception of FBM ACE (-0.6%). On the FBM KLCI, there are 19 advancers, 5 decliners and 6 traded unchanged. WTI Crude oil price stood at US$30.38.

Volume: 1.62 bln (3-month avg vol: 2.11 bln) & Value: 1.65 bln;  Up:463, Down:375
FCPO +RM27@RM2,502
Dow Futures -101

Active stocks: 
SANICHI@RM0.07, TIGER@RM0.08, XOX +0.5sen@RM0.185, AAX +1.5sen@RM0.23 

Potential stocks:

FARMBES +4.0sen@RM0.765, price has formed a bullish engulfing candle, after being supported on the EMA 9 level. The MACD Histogram has turned green, while the RSI hovers marginally below the overbought level.

BIOHLDG +2.0sen@RM0.34, price has formed a short-term consolidation breakout above the RM0.325 level with improved volumes. The MACD Histogram has turned green, while the RSI continues to hover above the 50 level.

GENETEC +2.5sen@RM0.26, price rose to close above the EMA60 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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