M+ Online Market Wrap – 24 Feb 16: KLCI -13.11pts (-0.78%) @1,664.17 pts. The FBMKLCI continues to trend lower as most of the oil and gas index heavyweights (SKPETRO lost 9.0 sen & PETGAS down 20.0 sen) taken a beating into the negative region. Similarly, most of the lowers liners and small caps ended red on the back of follow-through selling pressure, but plantation sub-sector managed to stay in the positive zone. On the FBM KLCI, there are 5 advancers, 21 decliners and 4 traded unchanged. WTI Crude oil price stood at US$30.93.

Volume: 1.53 bln (3-month avg vol: 1.88 bln) & Value: 1.51 bln ⬆:229, ⬇:601    
FCPO -RM31@RM2,520
Dow Futures -84

Active stocks:    
APFT -2.0sen@RM0.095, PUC +1.5sen@RM0.10, HUBLINE@RM0.01, TIGER@RM0.05

Potential stocks:

FARMBES +6.5sen@RM0.81, price rebounded strongly above the RM0.725 level with high volumes. The MACD Histogram has turned green, but the RSI is below 50.

RAYA +1.5sen@RM0.28, price ended above the EMA9 level with higher-than-average volumes. The MACD Histogram has turned green.

POHKONG +1.5sen@RM0.545, price experienced a flag formation breakout above RM0.54. The MACD Indicator expanded positively above zero. The RSI is hovering above 50.

Source: Bloomberg, M+ Online

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