Asian stock markets are mixed with investors still jittery about Europe’s continuing sovereign debt problems and weighing up the chances of further interest rate hikes in emerging markets to counter inflation.
Still, traders are skittish awaiting an auction on Wednesday of Portuguese sovereign debt that may determine whether Lisbon requires a bailout like that seen for Greece and Ireland. (Yahoo)
After 5.00pm, Asian major markets ended mixed with Japanese market down by 0.29% but China up 0.47%, Hong Kong 0.99% and Singapore 0.38%. At the local front, FBMKLCI opened with losses and stayed in the negative zone after failing to return above the neutral line. The index ended off low at 1,562.94 (-0.58/0.04%). Total Volume was 2706m (+480m).
Market sentiment follow key index zigzagging downwards but last minute buying pulled it to end at +66.36 lost 444.81 when comparing with its starting point. The Average recorded a gain of 50.92.
ConclusionMarket sentiment turned cautious as regional market traded in hesitation, today.
In the MSCD, K% Line (yellow) recorded as +379.75 (-59.77), D% Line (red) +236.60 (-14.86) and the Histogram +157.10 (-3.49).
After today’s trade, both key indicators stalled slightly and the Histogram printed its first shorter bar. Technically, the shorter histogram is evidence that buying spree has been checked and investor started to take profit after a week’s Bull Run. However, investor confidence remains intact as both indicators were well above the neutral level.
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.)
No comments:
Post a Comment