M+ Online Market Wrap – 5 Feb 16: KLCI +5.69 pts (+0.34%) @1,662.46 pts. The FBM KLCI extended its gains, owing to the strong buying support in plantations heavyweights. The lower liners, however, ended lower as the FBM Small Cap (-0.3%), FBM Fledging (-0.1%) and FBM Ace (-0.1%), on profit taking activities while the broader market closed mixed. WTI Crude oil price stood at US$31.54.

Volume: 1.49 bln (3-month avg vol: 2.05 bln) & Value: 1.68 bln ⬆:388, ⬇:412    
FCPO +RM61@RM2,592
Dow Futures +3

Active stocks:    
TIGER -0.5sen@RM0.075, XOX -1.0sen@RM0.195, APFT@RM0.225, HUBLINE@RM0.01

Potential stocks:

BRAHIMS +5.0sen@RM1.05, price has formed a breakout-pullback-continuation pattern above the EMA60 level with high volumes. The Histogram has extended another green bar, while the RSI has hit the 50 level.

KRETAM +4.5sen@RM0.57, price has breakout above the RM0.545 resistance level with high volumes. The MACD Line has given a “BUY” signal, while the RSI is approaching the overbought level.

RESINTC +2.0sen@RM0.44, price has rebounded off the EMA20 level with improved volumes.. The MACD Histogram has turned green, while the RSI continues to hover above the 50 level.

Source: Bloomberg, M+ Online

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