M+ Online Market Wrap – 18 Feb 16: KLCI +15.70pts (+0.94%) @1,680.02 pts. The FBMKLCI closed higher amid the buying support from plantations and banking heavyweights. The broader market and the lower liners continue to trade in the positive territory with the exception of the Mining (-1.6%) sector. On the FBM KLCI, there are 22 advancers, 3 decliners and 5 traded unchanged. WTI Crude oil price stood at US$31.37.

Volume: 1.67 bln (3-month avg vol: 1.97 bln) & Value: 2.10 bln ⬆:545, ⬇:302    
FCPO -RM22@RM2,591
Dow Futures +4

Active stocks:    
XDL +0.5sen@RM0.06, APFT -0.5sen@RM0.195, JAG@RM0.13, GENETEC +0.5sen@RM0.22.

Potential stocks:

DELEUM +9.5sen@RM1.08, price gapped up and breached the RM1.02 resistance level with high volumes. The MACD Histogram has turned green, but the RSI is marginally overbought.

NTPM +3.0sen@RM0.965, price has formed a consolidation breakout above the RM0.955 level with improved volumes. The MACD Histogram has extended another green bar, while the RSI has crossed above the 50 level.

TALIWRK +10.0sen@RM1.52, price has formed a breakout-pullback-continuation pattern above the EMA120 level. The MACD Histogram has turned green, but the RSI is marginally overbought.

Source: Bloomberg, M+ Online

Disclaimer

The content published is solely for information and personal use only. It should not be construed to be, any advice, recommendation, offer or invitation to buy or sell any securities, futures contracts or any other instrument. Readers should seek independent advice from their own professional advisers (including legal, tax, financial and accounting) as to the risks and merits before entering into any transaction pursuant to or in reliance on any information here.

The content published above shall only be for your sole and personal non-professional use. No guarantee is given on the accuracy or completeness of the information published here. No warranty whatsoever is given and no liability whatsoever is accepted for any loss arising whether directly or indirectly as a result of any person or group of persons acting on such information.