Malaysia Stock Market – End of the Day

The expanding volume will propel the market for sometimes until we see the shrinking starts.

Asian stocks rose Tuesday as optimism about a global recovery got a perk from positive U.S. and European data. Markets in Japan, Australia, New Zealand and mainland China reopened after the New Year's holiday to start trading in 2011.

Oil prices hovered below $92 a barrel in Asia near a two-year high as a stock market rally to start 2011 boosted crude trader optimism. In currencies, the dollar was up against the yen and the euro.

"We expect indicators about the American recovery to remain strong for some time, supporting stock prices," said Koji Takeuchi, senior economist at Mizuho Research Institute in Tokyo. (Yahoo)

After 5.00pm, Asian major markets ended with more gains with Japanese market jumped 1.65%, China 1.59%, Hong Kong 0.99% and Singapore 0.45%.

At the local front, FBMKLCI made another hefty 13-point gain after an hour trade. The index successfully stayed at the high level and ended at its day-high at 1,551.89 (+18.47/1.20%) and Total Volume 2,011m (+403m).

Market sentiment was so upbeat that the oscillator ended near the 2,000 points level at +1,811.23 gained 643.94 when comparing with its starting point. The Average recorded a gain of 1,340.93.

Conclusion

Market sentiment followed the index progressed in high spirit with buying across the board in high volume. Among which, counters that originated from East Malaysia were mostly active winners. Overall volume increased significantly to nearly 2 billion shares, a figure that I can’t remember when it was recorded.

In the MSCD, K% Line (yellow) recorded as +357.03 (+178.83), D% Line (red) +142.89 (+95.88) and the Histogram +72.27 (+35.47).

After today’s trade, K% Line shot up even more sharply and the Histogram printed yet another longer positive bar.

Technically, market euphoria will remain high so long as the present favorable environment stays. The expanding volume will propel the market for sometimes until we see the shrinking starts.

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.)