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Friday, July 24, 2009

Intra-Day MSO 24/7/2009 1230 (Friday)


Asian markets motivated by the 2.12% gain of US market last night, all traded with impressive gains.

Conversely, FBM KLCI opened high but fell into red after about an hour’s trading. The Index closed at 1,151.81 lost 0.34. Volume increased by 219 mln to 596 mln.

Market sentiment started the day in robust mood but immediately lost steam with number of loser creeping up minute by minute. The Intra-Day Oscillator started at +1.204.16 but ended at +157.95 lost a hefty 1,046.21 from the starting point. The Average recorded a gain of 448.46.

This afternoon, with the backdrop of strong Asian bourses, Index has the tendency to edge higher. However, market sentiment will remain cautious as before. (Constructed and shared by Smartbiz)

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