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Friday, July 17, 2009

Intra-Day MSO 17/7/2009 1230 (Friday)


This morning, Asian markets continued to trade in plus zone but in weaker mood.

FBM KLCI bounced back to end the morning session higher after falling into red. The Index ended the break at 1,115.13 gained 6.25. Volume decreased by 532 mln to 536 mln.

Market sentiment retreated from yesterday’s enthusiasm with the Intra-Day Oscillator slid into red to end at -122.07 lost 592.46 from the starting point. The Average recorded a loss of 170.17.

After today’s weaker performance, the Key Indicator’s momentum is softer now. It reverses 9% lower from yesterday’s peak.

As today is Friday, market will have not much excitement. But since selling already taken place this morning, the present scenario should remain. (Constructed and shared by Smartbiz)

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