FBM KLCI: 1,344.75 pts (-74.68pts, -5.26%)
The FBM KLCI (-5.3%) suffered another blow, spooked by the escalating selling activities on Wall Street overnight amid the rising risk of recession. Market breadth stayed negative as losers overrun the winners on a ratio of 986-to-158 stocks. Construction sector (-8.8%) was the biggest hit, dragged down by Gamuda (-35.0 sen), IJM Corporation (-22.0 sen) and Vizione (-18.0 sen).

Top 3 Active stocks:
SAPNRG (5218): RM0.105 (-0.5 sen)
TRIVE (0118): RM0.005 (-0.5 sen)
KNM (7164): RM0.12 (-1.5 sen)

Volume: 5.68 bln (100-day avg vol: 2.85 bln)
Value: RM4.90 bln
Market Breadth: ⬆:158 ⬇:986
Crude palm oil: RM2,271 (-RM6)
Dow Futures: 21,502 pts (+558 pts)

M+ Online Technical Trading Stocks - 16 Mar 20

Stock Name: ORNA (5065)
Entry: Buy above RM0.97
Target: RM1.05 (8.2%), RM1.13 (16.5%)
Stop: RM0.90 (-7.2%)
Shariah: Yes
Technical: Monitor for breakout

Stock Name: CBIP (7076)
Entry: Buy above RM0.84
Target: RM0.885 (5.4%), RM0.935 (11.3%)
Stop: RM0.80 (-4.8%)
Shariah: Yes
Technical: Monitor for breakout

Source: Bloomberg, M+ Online

Economic Releases For The Week (16/3/2020-20/3/2020):

16/3/2020
CN - China's Retail Sales, 10.00AM
CN - China's Industrial Production, 10.00AM

17/3/2020
JP - Japan's Industrial Production, 12.30PM
UK - United Kingdom's Unemployment Rate, 5.30PM
US - United States' Retail Sales, 8.30PM
US - United States' Industrial Production, 9.15PM
US - United States' Manufacturing Production, 9.15PM

18/3/2020
EU - Eurozone's Inflation Rate, 6.00PM

19/3/2020
JP - Japan's Inflation Rate, 7.30AM
JP - Japan's Bank of Japan Interest Rate Decision, 11.00AM

20/3/2020
US - United States' Existing Home Sales, 10.00PM

Source: Trading Economics, M+ Online

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