M+ Online Market Wrap – 25 Mar 16: KLCI -11.74 pts (-0.68%) @1,703.79 pts. The FBM KLCI extended its profit taking activities for the third straight day amid lower volumes on the broader market. Most of the sectors were traded in the red, while the construction (+0.17%) and technology (+0.09%) sectors bucked the trend to end in the positive territory. On the FBM KLCI, there are 7 advancers and 13 decliners and  10 traded unchanged. WTI Crude oil price stood at US$39.46.

Volume: 1.43 bln (3-month avg vol: 1.82 bln) & Value: 1.15 bln ⬆:295, ⬇:465
FCPO +RM50@RM2,724,DowFut+13
    
Active stocks:    
KNM +1.5sen@RM0.495, COMCORP +19.0sen@RM0.83, AAX -0.5sen@RM0.29, IOICORP -18.0sen@RM4.65

Potential stocks:

MUDAJYA +8.0sen@RM1.35, price formed a bullish breakout formation above the RM1.30 level. The MACD Histogram has turned green, but the RSI is hovering in the overbought zone.

MITRA +3.0sen@RM1.25, price formed a bullish engulfing bar with increased volumes. The MACD Line is hovering above zero, while the RSI is above 50.

COMCORP +19.0sen@RM0.83, price formed a strong gapped up above the RM0.69 and RM0.73 levels. The MACD Indicator expanded positively above zero. The RSI, however is overbought.

Source: Bloomberg, M+ Online

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