M+ Online Market Wrap – 8 Mar 16: KLCI -10.07pts (-0.59%) @1,687.86 pts. The FBM KLCI reversed all its intraday gains as selling pressure emerged near the 1,700 level and the key index trended in the negative territory for most of the trading session. Meanwhile, both the lower liners and broader market were splashed in red with the Technology (-1.7%) sub-index took the heaviest beating. On the FBM KLCI, there are 7 advancers, 18 decliners and 5 traded unchanged. WTI Crude oil price stood at US$37.68.

Volume: 2.01 bln (3-month avg vol: 1.81 bln) & Value: 2.07 bln ⬆:286, ⬇:568
FCPO -RM12@RM2,525
Dow Futures -110
    
Active stocks:    
CHINHIN +17.0sen@RM0.82, AAX -3.0sen@RM0.285, XOX -2.0sen@RM0.15, AIRASIA -3.0sen@RM1.66

Potential stocks:

ANNJOO +6.5sen@RM0.70, price gapped up and breakout above the RM0.69 resistance level with high volumes. The MACD Line has given a BUY signal, while RSI has crossed above the 50 level.

KIMLUN +4.0sen@RM1.62, price has formed a flag-formation breakout above the RM1.60 level with improved volumes. The MACD Indicator expanded positively above zero, while the RSI continues to hover above the 50 level.

KEYASIC +2.5sen@RM0.205, price continues to trend higher, above the EMA9 level with high volumes. The MACD Histogram has extended another green bar, while the RSI has crossed above the 50 level.

Source: Bloomberg, M+ Online

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