Malaysia Stock Market – End of the Day

However, while numbers of unsolved and emerging risks are plaguing the world, it is no way that it will be a smooth year. This is especially true as the surging crude oil might trigger a global inflation threat.

Asian stocks got off to a strong start on Monday on hopes that the global economic recovery will gather pace in 2011.

The MSCI Asia Pacific index excluding Japan rose 0.8 per cent as it continued its longest winning streak since July. (Yahoo)

After 5.00pm, Asian major markets ended with significant gains with Hong Kong market gained 1.74% and Singapore 1.46%. Markets in China, Japan, Australia, Thailand, New Zealand, and Vietnam were closed.

At the local front, FBMKLCI opened with a 5 points gain and climbed higher and higher gradually. The index ended off high at 1,533.42 (+14.51/0.96%) and Total Volume 1,608m (+489m).

Market sentiment was so strong that the oscillator stayed above the 1,000 points level most of the time. The Oscillator surged to end at +1,681.27 gained 624.73 when comparing with its starting point. The Average recorded a gain of 1,163.19.

Conclusion

Market opened the first trading day of year 2011 in high confidence as most analysts predicted a prosperous new year ahead of us. Market was also well supported as Total volume exceeded 1.5 billion shares.

However, while numbers of unsolved and emerging risks are plaguing the world, it is no way that it will be a smooth year. This is especially true as the surging crude oil might trigger a global inflation threat. As an astute investor, applying cautiousness at all time is the best strategy.

Today, most of the Oil and Gas counters were among the active winners, of which, Bornoil surged 15 sens after reporting a good quarter. On the other hand, Daya, which is also dealing in Oil and Gas exploring materials lied low all the time and only became active just about 20 minutes before closing. It ended the day at 0.225 gained only half a sens.


In MSCD, K% Line (yellow) recorded as +178.20 (+179.13), D% Line (red) +47.01 (+89.38) and the Histogram +36.80 (+23.60).

After today’s trade, both key indicators are shooting stars and K% Line is far above D% Line now. The Histogram printed a long positive bar.

Technically, overall market sentiment is very strong and the trend will continue for sometimes until the histogram forms a round top.

Constructed and Written by Smartbiz (Click on chart to view)

(Note: You can read the explanation for Intra-Day MSO and MSCD from the achieves under heading "Labels" at the lower portion of the sidebar.)