Asian stock markets were mostly higher Thursday, cheered by Wall Street's gains Wednesday and Apple's results, with the upbeat sentiment reflected in the foreign-exchange market as riskier currencies pushed higher against the U.S. dollar.
Local sentiment started in high notes but failed to sustain again with the intra-day Oscillator slid into the red but managed to end at +299.75; lost 1,367.57 when compares with its starting point. The Average recorded a gain of 437.30 due to high starting point.
At the end of the day, %K Line (yellow) of MSCD recorded as +66.41 (+67.41), %D Line (red) +15.66 (+33.74) and the Histogram -10.13 (+10.15). Both indicators returned to the black and the Histogram printed a positive bar.The MSCD shows that overall sentiment has improved and volume increased gradually. Investors now focus on tech-stocks especially those in the Ace market.
FBMKLCI FBMKLCI failed to break out the Middle Bollinger Band instead closed below yesterdays low. The index is still in consolidating process and will mostly moving within the passage of 1,517 – 1,539.
However, FBMACE has staged a bullish breakout and ACE counters will be in focus.
Constructed and Written by Smartbiz (FBMKLCI Chart extracted from ChartNexus)
(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.)
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