KLCI danced with global bourses up by 9.57 points to 917.44 after Dow Jones staged a 47.55 points gain.
However, market sentiment turned cautious amidst uncertainty of the effect of the new Cabinet. Rumors that MCA might lose two ministry posts did weigh the sentiment. The Intra-Day Oscillator slid all the way down from the starting point though stayed in positive zone. Investors still fast to take profit whenever prices moved higher. The Oscillator ended at +134.67 lost 100.18 pts when compared with +234.85, the starting point. Average Volume decreased from 3.17m/mn to 1.14 m/mn.
This afternoon, market sentiment should reverse its lackluster pattern after digesting the effect of the new Cabinet. (click on chart to view)
However, market sentiment turned cautious amidst uncertainty of the effect of the new Cabinet. Rumors that MCA might lose two ministry posts did weigh the sentiment. The Intra-Day Oscillator slid all the way down from the starting point though stayed in positive zone. Investors still fast to take profit whenever prices moved higher. The Oscillator ended at +134.67 lost 100.18 pts when compared with +234.85, the starting point. Average Volume decreased from 3.17m/mn to 1.14 m/mn.
This afternoon, market sentiment should reverse its lackluster pattern after digesting the effect of the new Cabinet. (click on chart to view)
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