M+ Online Market Wrap – 29 Mar 16: KLCI +12.63 pts (+0.74%) @1,715.04 pts. The FBM KLCI snapped a streak four consecutive days of losses, supported by strong buying interest amongst selective banking heavyweights. Meanwhile, both the lower liners and the broader market closed in the positive territory as bargain hunting activities took precedence. On the FBM KLCI, there are 22 advancers and 6 decliners and 2 traded unchanged. WTI Crude oil price stood at US$38.76.

Volume: 1.65 bln (3-month avg vol: 1.81 bln) & Value: 2.16 bln ⬆:417, ⬇:376
FCPO +RM27@RM2,789,
Dow Futures -26
    
Active stocks:    
AIRASIA -12.0sen@RM1.77, BISON +7.0sen@RM1.17, EKA +0.5sen@RM0.145, ANZO +1.0sen@RM0.275

Potential stocks:

PRESBHD +14.0sen@RM2.90, price has formed a consolidation breakout above the RM2.78 level on improved volumes. The MACD Indicator has given a BUY signal, while the RSI has crossed above the 50 level.

EATECH +4.0sen@RM1.21, price has gapped up and breakout above the RM1.18 level with high volumes. The MACD Indicator has expanded positively above zero, while the RSI hovers marginally below the overbought level.

FAJAR +2.5sen@RM0.595, price has formed a breakout-pullback-continuation pattern above the EMA20 level with improved volumes. The MACD Histogram has turned green, while the RSI hovers marginally below the overbought level.

Source: Bloomberg, M+ Online

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