M+ Online Market Wrap – 24 Mar 16: KLCI -9.02 pts (-0.52%) @1,715.53 pts. Once again, the FBM KLCI continues its downward trend on the back of extended profit taking activities amid the lower crude oil prices. Most of the lower liners trended negatively, with the exception of Industrial products (+0.15%), Technology (+0.40%) and Mining (+1.67%) sub-indices, whom made into the positive territory. On the FBM KLCI, there are 6 advancers and 16 decliners and 8 traded unchanged. WTI Crude oil price stood at US$39.14.

Volume: 1.69 bln (3-month avg vol: 1.96 bln) & Value: 1.88 bln Up:318, Down:513
FCPO -RM27@RM2,673
DowFut -65
    
Active stocks:    
EKA -2.0sen@RM0.15, AIRASIA -2.0sen@RM1.84, AAX -1.0sen@RM0.295, BORNOIL@RM0.15

Potential stocks:

CWORKS +1.0sen@RM0.70, price reversed from an intra-day low of RM0.67, forming a hammer candle. The MACD Indicator is hovering above zero, while the RSI has crossed above 50.

PADINI +4.0sen@RM2.10, price rebounded off the EMA9 with mild volumes and breakout above the RM2.10 level. The MACD Indicator has formed a “Buy” signal.

GHLSYS +2.0sen@RM0.895, price has trended sideways above the EMA20 over the past month. The MACD Histogram has turned green, while the RSI is heading towards 50.

Source: Bloomberg, M+ Online

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