M+ Online Market Wrap – 28 Mar 16: KLCI -1.38 pts (-0.08%) @1,702.41 pts. The FBM KLCI closed lower for the fourth consecutive day as the key index was hovering within the negative territory for the entire trading session. Meanwhile, the lower liners also ended mostly lower as the FBM Fledging and FBM Ace fell 0.1% and 0.4% respectively while the broader market closed mixed. On the FBM KLCI, there are 10 advancers and 16 decliners and 4 traded unchanged. WTI Crude oil price stood at US$39.88.

Volume: 1.54 bln (3-month avg vol: 1.82 bln) & Value: 1.30 bln ⬆:321, ⬇:447
FCPO +RM32@RM2,755
Dow Futures +59
    
Active stocks:    
EKA -1.5sen@RM0.14, AIRASIA +8.0sen@RM1.89, COMCORP -5.0sen@RM0.78, MAYBULK +10.0sen@RM0.725

Potential stocks:

BHS +2.0sen@RM0.53, price has rebounded off the EMA20 level with improved volumes. The MACD Histogram has turned green, while the RSI continues to hover above the 50 level.

BIOHLDG +3.5sen@RM0.44, price has gapped up and breakout above the RM0.415 consolidation level with high volumes. The MACD Indicator has expanded positively above zero, but the RSI is overbought.

NIHSIN +1.0sen@RM0.34, price has rose above the EMA20 level with improved volumes. The MACD Histogram has turned green, while the RSI continues to hover above the 50 level.

Source: Bloomberg, M+ Online

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