M+ Online Market Wrap – 28 Jan 16: KLCI +2.99 pts (+0.18%) @1,634.53 pts. Following the announcement of the revised Budget 2016, the FBM KLCI extended its gains for the fourth consecutive time owing to the buying support in plantation and energy heavyweights. However, the lower liners were splashed in red amidst the mixed broader market. On the FBM KLCI, there are 22 advancers, 7 decliners and 1 traded unchanged. WTI Crude oil price stood at US$32.73.

Volume: 1.82 bln (3-month avg vol: 2.10 bln) & Value: 2.46 bln;  Up:348, Down:521
FCPO -RM23@RM2,480
Dow Futures +97

Active stocks: 
XDL +0.5sen@RM0.055, TIGER +0.5sen@RM0.085, XOX +0.5sen@RM0.190, AAX +0.5sen@RM0.235 

Potential stocks:

YEN +3.0sen@RM0.50, price breakout above the RM0.48 level with high volumes. The MACD Histogram expanded positively above zero, while the RSI is trending above 50.

SMRT +2.0sen@RM0.225, price surged above the EMA9 level with improved volumes. The RSI has hooked above 30.

PRIVA +3.0sen@RM0.22, price closed above the RM0.20 level with higher-than-average volumes. The MACD Indicator has issued a “Buy” signal.

Source: Bloomberg, M+ Online

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