M+ Online Market Wrap – 31 Mar 16: KLCI -0.24 pts (-0.01%) @1,717.58 pts. The FBM KLCI ended relatively flat as the key index pared off most of its intraday losses amid the buying support in selective heavyweights the second  half of the trading session. The lower liners ended mostly lower as the FBM Fledgling and FBM Ace fell 0.2%, while the broader market closed mixed. On the FBM KLCI, there are 10 advancers, 12 decliners and 8 traded unchanged. WTI Crude oil price stood at US$37.94.

Volume: 1.80 bln (3-month avg vol: 1.81 bln) & Value: 2.54 bln ⬆:397, ⬇:406
FCPO -RM21@RM2,724
Dow Futures -23
    
Active stocks:    
AIRASIA@RM1.83, EKA@RM0.13, PARKSON +11.5sen@RM1.03, TENAGA -6.0sen@RM13.94

Potential stocks:

BIG +4.0sen@RM0.725, price has formed a symmetrical triangle breakout above the RM0.72 level with high volumes. The MACD Indicator has given a BUY signal, while the RSI continues to hover above the 50 level.

WTK +4.0sen@RM1.33, price has formed a bullish engulfing candle, rebounding off the EMA120 level. The MACD Indicator has given a BUY signal, while the RSI has crossed above the 50 level.

ENGTEX +6.0sen@RM1.25, price has breakout above the RM1.22 level with improved volumes. The MACD Histogram has extended another green bar, while the RSI hovers at the 50 level.

Source: Bloomberg, M+ Online

Disclaimer

The content published is solely for information and personal use only. It should not be construed to be, any advice, recommendation, offer or invitation to buy or sell any securities, futures contracts or any other instrument. Readers should seek independent advice from their own professional advisers (including legal, tax, financial and accounting) as to the risks and merits before entering into any transaction pursuant to or in reliance on any information here.

The content published above shall only be for your sole and personal non-professional use. No guarantee is given on the accuracy or completeness of the information published here. No warranty whatsoever is given and no liability whatsoever is accepted for any loss arising whether directly or indirectly as a result of any person or group of persons acting on such information.