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Friday, August 14, 2009

Intra-Day MSO 14/8/2009 1230 (Friday)


Asian stocks started in positive notes but gradually slowed down as China tumbled another 2%.
FBM KLCI climbed to new high but gradually lost steam to close lower at 1,191.38 gained 5.19. Volume increased by 50 mln to 630 mln.
Market enthusiasm was not sustainable with the Oscillator started high but slowly fell into red to end at -248.26 lost 609.03 from the starting. But the Average still recorded a gain of 128.05 due to high opening.
As Asian bourses mostly fell into soft path, local market should go sideway again in downswing bias, this afternoon. (Constructed and shared by Smartbiz)

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