M+ Online Market Wrap – 25 Feb 16: KLCI -6.01pts (-0.36%) @1,658.16 pts. After the FBM KLCI trended in the positive region for the first half of the trading session, it pared off all its intraday gains to close lower, led by banking and oil & gas heavyweights amid weaker crude oil prices. The broader market and lower liners also took a beating amidst the negative market sentiment. On the FBM KLCI, there are 12 advancers, 15 decliners and 3 traded unchanged. WTI Crude oil price stood at US$31.79.

Volume: 1.65 bln (3-month avg vol: 1.86 bln) & Value: 1.86 bln ⬆:271, ⬇:565    
FCPO +RM18@RM2,537
Dow Futures -42

Active stocks:    
APFT -2.0sen@RM0.075, GENETEC -4.0sen@RM0.165, NEXGRAM@RM0.065, PUC@RM0.10

Potential stocks:

EFFICEN +1.5sen@RM0.31, price has formed a flag-formation breakout above the RM0.305 level with higher improved volumes. The MACD Histogram has turned green, but the RSI is slightly overbought.

KPSCB +1.5sen@RM0.565, price has formed a T+4 formation above the EMA9 level with improved volumes. The MACD Histogram has turned green, while the RSI continues to hover above the 50 level.

UCHITEC +6.0sen@RM1.69, price has gapped up to breakout above the RM1.66 resistance level with high volumes. The MACD Histogram has turned green.

Source: Bloomberg, M+ Online

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