M+ Online Market Wrap – 21 Mar 16: KLCI +2.02 pts (+0.12%) @1,718.36 pts. The FBM KLCI closed in the green for the fourth consecutive day on the back of last minute buying support in selective telco and plantation heavyweights after the CPO price touched the RM2,700 level. Similarly, the lower liners ended in the positive territory amidst a mixed broader market. On the FBM KLCI, there are 17 advancers and 11 decliners and 2 traded unchanged. WTI Crude oil price stood at US$38.90.

Volume: 2.01 bln (3-month avg vol: 1.81 bln) & Value: 2.05 bln ⬆:442, ⬇:436
FCPO +RM5@RM2,6984
Dow Futures +51
    
Active stocks:    
HUBLINE@RM0.01, IFCAMSC +4.5sen@RM0.775, GLOTEC +0.5sen@RM0.05, IRIS@RM0.17

Potential stocks:

JTIASA +8.0sen@RM1.46, price has breakout above the RM1.43 level with high volumes. The MACD Histogram has extended another green bar, while the RSI continues to trend above the 50 level.

IFCAMSC +4.5sen@RM0.775, price closed above the EMA20 level with improved volumes. The MACD Histogram has extended another green bar, but the RSI is trending towards the overbought level.

XINHWA +9.0sen@RM1.10, price has breakout above the RM1.02 level and closed above the EMA120 with high volumes. The MACD Line has crossed above the zero level. The RSI, however, is overbought.

Source: Bloomberg, M+ Online

Disclaimer

The content published is solely for information and personal use only. It should not be construed to be, any advice, recommendation, offer or invitation to buy or sell any securities, futures contracts or any other instrument. Readers should seek independent advice from their own professional advisers (including legal, tax, financial and accounting) as to the risks and merits before entering into any transaction pursuant to or in reliance on any information here.

The content published above shall only be for your sole and personal non-professional use. No guarantee is given on the accuracy or completeness of the information published here. No warranty whatsoever is given and no liability whatsoever is accepted for any loss arising whether directly or indirectly as a result of any person or group of persons acting on such information.