M+ Online Market Wrap – 9 Mar 16: KLCI -1.51pts (-0.09%) @1,686.35 pts. The FBM KLCI was traded in the negative zone throughout the entire trading session, but manged to recoup most of its intraday losses before closing marginally lower by 0.1%. The lower liners also rebounded while the Industrial Products (-0.2%) and Finance (-0.4%) underperformed the broader market. On the FBM KLCI, there are 12 advancers, 11 decliners and 7 traded unchanged. WTI Crude oil price stood at US$37.00.

Volume: 1.83 bln (3-month avg vol: 1.81 bln) & Value: 1.90 bln ⬆:446, ⬇:341
FCPO +RM34@RM2,562
Dow Futures +59
    
Active stocks:    
AAX +1.5sen@RM0.30, AIRASIA +7.0sen@RM1.73, XOX@RM0.15, EKA +1.5sen@RM0.18

Potential stocks:

UEMS +4.0sen@RM1.06, price has formed a bullish engulfing candle to close above the EMA60 level. The MACD Histogram has turned green, but RSI has tripped below the 50 level.

FPI +3.5sen@RM1.01, price has breakout above the RM1.00 resistance level with high volumes. The MACD Indicator has expanded positively above zero, but the RSI is overbought.

COMFORT +4.0sen@RM0.85, price has formed a bullish engulfing candle to close above the EMA120 level with improved volumes. The MACD Histogram has turned green, while the RSI has crossed above the 30 level.

Source: Bloomberg, M+ Online

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