M+ Online Market Wrap – 3 Mar 16: KLCI -2.83pts (-0.17%) @1,688.20 pts. Despite hovering in the positive territory for most of the trading session, the key index gave up the intra-day gains and dipped into the negative territory in the final trading hour and ended marginally lower by 0.2%. Also, the Industrial Products (-0.2%) and Finance (-0.3%) sectors were in the similar sentiments. On the FBM KLCI, there are 16 advancers, 10 decliners and 4 traded unchanged. WTI Crude oil price stood at US$34.49.

Volume: 1.87 bln (3-month avg vol: 1.80 bln) & Value: 2.25 bln ⬆:411, ⬇:415
FCPO +RM12@RM2,502
DowFut -9
    
Active stocks:    
AAX +1.0sen@RM0.285, AIRASIA +5.0sen@RM1.68, KNM@RM0.475, APFT +1.0sen@RM0.08

Potential stocks:

CWORKS +4.0sen@RM0.66, price has breakout above the short-term resistance of RM0.63 with improved volumes. The MACD Histogram has extended another green bar, while the RSI has crossed above the 30 level.

TADMAX +3.0sen@RM0.365, price has breakout above the RM0.335 level with high volumes. The MACD Line has given a BUY signal, while the RSI is marginally below the overbought level.

E&O +3.0sen@RM1.61, price has experienced a consolidation breakout above the RM1.59 level with higher-than-average volumes. The MACD Histogram has turned green, while the RSI has hooked above 50.

Source: Bloomberg, M+ Online

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