M+ Online Market Wrap – 11 Mar 16: KLCI +5.63 pts (+0.33%) @1,696.54 pts. Despite the FBM KLCI traded in the negative zone at the opening bell, the key index managed to trend into the positive region as buying interest were noted amongst plantations heavyweights. Meanwhile, Ace markets, Fledgling and industrial products fell 0.02%, 0.23% and 0.05% respectively. On the FBM KLCI, there are 14 advancers, 10 decliners and 6 traded unchanged. WTI Crude oil price stood at US$38.60.

Volume: 1.63 bln (3-month avg vol: 1.81 bln) & Value: 1.75 bln ⬆:406, ⬇:385
FCPO +RM61@RM2,607
Dow Fut +132
    
Active stocks:    
XOX -0.5sen@RM0.145, EKA +0.5sen@RM0.19, AAX@RM0.295, AIRASIA -1.0sen@RM1.73

Potential stocks:

SUNCON +9.0sen@RM1.48, price has experienced a breakout above the RM1.42 level with high volumes. The MACD Indicator has issued a “Buy” signal, but the RSI is slightly overbought.

BIOHLDG +2.0sen@RM0.38, follow-through interest was noted above the RM0.36 level. The MACD Indicator is trending positively above zero.

OSK +2.0sen@RM1.62, price rebounded off the EMA9 with improved volumes. The MACD Histogram has turned green, while the RSI is above 50.

Source: Bloomberg, M+ Online

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