M+ Online Market Wrap – 22 Feb 16: KLCI -0.29pts (-0.02%) @1,674.59 pts. The FBMKLCI closed marginally lower for the second session, attributed to profit taking activities amongst the shipping and plantation heavyweights. The lowers liners, however ended in the positive territory, while the Industrial (-0.91%), Construction (-0.05%) and Plantation (-0.84%) sub-sectors underperformed the broader market. On the FBM KLCI, there are 13 advancers, 9 decliners and 8 traded unchanged. WTI Crude oil price stood at US$30.50.

Volume: 1.62 bln (3-month avg vol: 1.92 bln) & Value: 1.73 bln ⬆:468, ⬇:364    
FCPO -RM22@RM2,564
Dow Futures +170

Active stocks:    
APFT -3.5sen@RM0.14, JAG -1.0sen@RM0.115, NEXGRAM -0.5sen@RM0.07, SCOMI +3.0sen@RM0.21.

Potential stocks:

CHINWEL +7.0sen@RM1.91, price experienced a breakout above the RM1.89 level with improved volumes. The MACD Indicator has given a “BUY” signal, while the RSI has crossed above the 50 level.

CBIP +12.0sen@RM2.16, price has formed a consolidation breakout above the RM2.10 level with high volumes. The MACD Indicator has expanded positively above the zero level, but the RSI is overbought.

AIRASIA +4.0sen@RM1.41, price has formed a breakout-pullback-continuation pattern above the RM1.33 level. The MACD Indicator has given a “BUY” signal, while the RSI continues to hover above the 50 level.

Source: Bloomberg, M+ Online

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