M+ Online Market Wrap – 4 Feb 16: KLCI +23.47 pts (+1.44%) @1,656.77 pts. Following the stronger Ringgit against the Greenback, coupled with the recovery in crude oil prices, the FBM KLCI recouped all its previous session losses with 29 of the key index components ended higher. The lower liners were traded in tandem with the positive tone on the broader market, while the Technology (-0.4%) sub-index was the only underperformer on the broader market. WTI Crude oil price stood at US$32.70.

Volume: 2.05 bln (3-month avg vol: 2.07 bln) & Value: 2.08 bln ⬆:512, ⬇:341    
FCPO -RM16@RM2,530
Dow Futures +68

Active stocks:    
HUBLINE@RM0.01, XDL +0.5sen@RM0.055, TIGER@RM0.08, XOX +0.5sen@RM0.205

Potential stocks:

SUNCON +4.0sen@RM1.40, price has re-tested the RM1.41 immediate resistance level with improved volumes. The MACD Line has given a “BUY” signal, while the RSI has rebounded off the 50 level.

TDM +3.5sen@RM0.72, price gapped up to breakout above the RM0.69 consolidation level with improved volumes. The MACD Line has given a “BUY” signal, while the RSI has crossed above the 50 level, indicating that the positive momentum is intact.

RSAWIT +2.0sen@RM0.55, price experienced a breakout above the RM0.54 short-term consolidation level and closed above the EMA20 level. The MACD Histogram has extended another green bar, while the RSI has crossed above the 30 level.

Source: Bloomberg, M+ Online

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