M+ Online Market Wrap – 14 Mar 16: KLCI +3.77 pts (+0.22%) @1,700.31 pts. The FBM KLCI trended higher for the third straight session as the key index closed above the 1,700 psychological level for the first time since end-October 2015 led by telco heavyweights. The lower liners also closed mostly higher with the exception of FBM Ace (-0.9%), which underperformed the market. On the FBM KLCI, there are 16 advancers, 9 decliners and 5 traded unchanged. WTI Crude oil price stood at US$37.63.

Volume: 1.47 bln (3-month avg vol: 1.81 bln) & Value: 1.61 bln ⬆:419, ⬇:412
FCPO -RM13@RM2,595
Dow Futures +3
    
Active stocks:    
SMTRACK@RM0.09, HIBISCS@RM0.225, AAX@RM0.295, XOX -0.5sen@RM0.14

Potential stocks:

TUNEPRO +4.0sen@RM1.42, price has breached above the RM1.40 resistance level with high volumes. The MACD Indicator is trending positively above zero, but the RSI is slightly overbought.

OCK +1.5sen@RM0.725, price has gapped up and breakout above the RM0.715 consolidation level with improved volumes. The MACD Indicator has given a “Buy” signal, while the RSI continues to hover above the 50 level.

JCY +1.5sen@RM0.735, price extended its gains to re-test the EMA60 level. 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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