M+ Online Market Wrap – 1 Mar 16: KLCI +16.07pts (+0.97%) @1,670.82 pts. The FBM KLCI recovered all its previous session losses on strong buying support amongst selective oil & gas and banking heavyweights. The broader market also ended in the positive, while only the FBM Ace (-0.6%) underperformed the lower liners. On the FBM KLCI, there are 21 advancers, 6 decliners and 3 traded unchanged. WTI Crude oil price stood at US$34.10.

Volume: 1.67 bln (3-month avg vol: 1.81 bln) & Value: 1.65 bln ⬆:476, ⬇:405
FCPO -RM7@RM2,541
Dow Futures +91
    
Active stocks:    
AAX +1.5sen@RM0.265, HUBLINE@RM0.01, BORNOIL@RM0.145, AIRASIA +10.0sen@RM1.57

Potential stocks:

ALAM +2.0sen@RM0.38, price has formed a bullish engulfing candle to close above the EMA20 level with high volumes. The MACD Histogram has turned green, while the RSI has crossed above the 50 level.

AWC +2.0sen@RM0.455, price has formed a breakout-pullback-continuation pattern above the EMA20 level. The MACD Histogram has turned green, while the RSI continues to hover above the 50 level.

EITA +6.0sen@RM1.42, price gapped up and breached above the RM1.38 level with improved volumes. The MACD Histogram has extended another green bar, but the RSI is slightly overbought.

Source: Bloomberg, M+ Online

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