Malaysia Market – End of the Day

Asian shares slipped along with commodities on Tuesday in a reversal of the previous day's solid gains, with many investors sticking to the sidelines and awaiting more clues on whether the economic recovery is picking up steam.

Asian markets also pushed down by the sharp fall of Chinese market. The Shanghai Composite Index slid by as much as 5 percent but recouped and ended at a loss of 2.58%.

At the local front, FBM KLCI tumbled but found its support around 1,169 and ended at 1,171.09 lost 3.40 or 0.29%. Total Volume increased only by 14 mln to 709 mln.

Market sentiment started in neutral zone but gradually lost ground after Chinese market tumbled by more than 5%. The Oscillator sliding all the way but managed to hook up before closing to finished at -142.79 lost 169.36 from the starting point. The Average recorded a loss of 151.09.

The Key Indicator (Blue) of the Daily MSO Chart ended almost flat to -57.46 gained 4.23. MS20 fell but MS50 edged up and returned to positive zone at +10.23.

Conclusion
Though MS50 returns to black after today’s trade but gain is marginal thus future trend is still uncertain. The sliding MS20 signals that market is in downtrend and this was further confirmed by the weak MS5.

All in all, MSO shows mixed signals, market will continue to be volatile and vulnerable to external effect. (Constructed and Shared by Smartbiz)