M+ Online Market Wrap – 17 Feb 16: KLCI -0.67pts (-0.04%) @1,664.32 pts. Despite the positive gains in the regional markets overnight, the FBMKLCI snapped its two days of gains owing to losses in financials and O&G heavyweights. The broader market however ended mostly positive, while the lower liners like FBM Fledging and FBM Ace fell lower. On the FBM KLCI, there are 18 advancers, 9 decliners and 3 traded unchanged. WTI Crude oil price stood at US$29.11.

Volume: 1.75 bln (3-month avg vol: 1.97 bln) & Value: 1.62 bln ⬆:440, ⬇:402    
FCPO +RM12@RM2,600
Dow Futures +39

Active stocks:    
VIVOCOM -3.5sen@RM0.225, HUBLINE@RM0.01, TIGER@RM0.05, MMAG +0.5sen@RM0.07.

Potential stocks:

MULPHA +3.5sen@RM0.295, price broke above the RM0.28 resistance level with huge volumes. The MACD Histogram has extended another green bar.

EKA +1.0sen@RM0.15, price closed above the EMA 9 level with improved volumes. The MACD Histogram has turned green, while the RSI hovers above the 50 level.

EVERGRN +5.0sen@RM1.25, price closed above the EMA 200 level. The MACD Histogram has turned green, while the RSI has just crossed above the 30 level.

Source: Bloomberg, M+ Online

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