M+ Online Market Wrap – 10 Mar 16: KLCI +4.56 pts (+0.27%) @1,690.91 pts. Tracking the positive sentiment in the overnight Wall Street, the FBM KLCI rebounded to close 0.3% higher on the back of buying support amongst selective banking heavyweights. The lower liners extended their gains, while the Industrial (-0.3%), Consumer Products (-0.2%) and Properties (-0.1%) underperformed the broader market. On the FBM KLCI, there are 14 advancers, 13 decliners and 3 traded unchanged. WTI Crude oil price stood at US$38.28.

Volume: 1.72 bln (3-month avg vol: 1.81 bln) & Value: 1.90 bln ⬆:441, ⬇:355
FCPO -RM17@RM2,540
Dow Futures +26
    
Active stocks:    
AAX -0.5sen@RM0.295, KGROUP +0.5sen@RM0.07, AIRASIA +1.0sen@RM1.74, RSENA +2.5sen@RM0.42

Potential stocks:

CENTURY +4.0sen@RM0.86, price has breached above the RM0.84 level with high volumes. The MACD Indicator has expanded positively above zero, but the RSI is at 70 - entering the overbought region.

KPSCB +4.0sen@RM0.63, price has formed a B-P-C pattern above the EMA20 level with improved volumes. The MACD Histogram has turned green, while the RSI continues to hover above the 50 level.

RSENA +2.5sen@RM0.42, price experienced a breakout above the RM0.40 level with high volumes. The MACD Indicator has expanded positively above zero, but the RSI is overbought.

Source: Bloomberg, M+ Online

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