M+ Online Market Wrap – 22 Mar 16: KLCI +6.39 pts (+0.37%) @1,724.75 pts. The FBM KLCI was traded into the positive territory for the fifth day, buoyed by the firmer Ringgit against the Greenback, coupled with recovery in commodities prices. The lower liners, however, closed in the red with the exception of FBM Ace (+0.5%). On the FBM KLCI, there are 11 advancers and 13 decliners and 6 traded unchanged. WTI Crude oil price stood at US$41.61.

Volume: 2.42 bln (3-month avg vol: 1.82 bln) & Value: 2.88 bln ⬆:396, ⬇:473
FCPO +RM30@RM2,715
Dow Futures -20
    
Active stocks:    
HUBLINE@RM0.01, EKA -3.0sen@RM0.22, AIRASIA+1.0sen@RM1.76, KGROUP+0.5sen@RM0.075

Potential stocks:

MHB +4.0sen@RM1.08, price gapped up and breakout above the RM1.05 level with improved volumes. The MACD Indicator has given a “Buy” signal, but the RSI is overbought.

ESCERAM +2.5sen@RM0.52, price has breakout above the RM0.505 level with improved volumes. The MACD Histogram has extended another green bar, while the RSI continues to hover above the 50 level.

MEDIAC +1.5sen@RM0.695, price extended its gains above the EMA9 level, in tandem with the rise in volumes. The MACD Histogram has extended another green bar, while the RSI continues to hover above the 50 level.

Source: Bloomberg, M+ Online

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