M+ Online Market Wrap – 3 Feb 16: KLCI -19.88 pts (-1.20%) @1,633.30 pts. The FBM KLCI tanked for the second straight session, owing to the selloffs in oil & gas sector. The lower liners, however, closed mostly positive as the FBM Small Cap and FBM Fledging added 0.1% and 0.2% respectively, while the Technology (+0.6%) sub-index was the sole outperformer on the broader market. On the FBM KLCI, there are 4 advancers, 24 decliners and 2 traded unchanged. WTI Crude oil price stood at US$30.33.

Volume: 1.49 bln (3-month avg vol: 2.08 bln) & Value: 1.80 bln;  Up:325, Down:480
FCPO +RM32@RM2,547
Dow Futures +5

Active stocks: 
TIGER -0.5sen@RM0.08, SANICHI@RM0.065, XOX -1.0sen@RM0.20, MTRONIC@RM0.07 

Potential stocks:

KOMARK +5.5sen@RM0.63, price formed a consolidation breakout above the RM0.595 level with improved volumes. The MACD Histogram has extended another green bar, while the RSI is approaching the 50 level.

EG +3.5sen@RM0.925, price experienced a trendline breakout to close above the EMA120 level with high volumes. The MACD Histogram has extended another green bar, while the RSI is hovering in the oversold position. 

TPC +3.5sen@RM0.40, price has formed a breakout-pullback-continuation pattern above the EMA120 level with high volumes. The MACD Line has crossed above the zero level, but RSI continues to hover below the 50 level.

Source: Bloomberg, M+ Online

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