Asian equity markets struggled for direction during the session despite gains on Wall Street, with investors remaining cautious as commodity prices fell overnight and ahead of the weekend.
Local sentiment was again progressed from good to bad due to the volatile index. The Intra-day Oscillator slid into the red and ended at -32.90; lost 299.84 when compares with its starting point. The Average recorded a gain of 39.01.
At the end of the day, %K (yellow) of MSCD recorded as -60.31 (+18.05), %D (red) -80.33 (+9.55) and the Histogram -5.23 (+6.31). Both indicators edged higher and the Histogram printed another shorter negative bar.
MSCD shows that market sentiment progresses in cautiousness. More low-liners will be in rotational play.
FBMKLCI
FBMKLCI failed to sustain in high position but closed with a loss of about 3 points today. Charts show that its upward momentum is decelerating after failing to finish above the 1,545 resistance in five attempts. More downside will be seen next week.
FLASH
MELATI has secured a RM148.63 million project from the Public Works Department to build a road stretching from Gua Musang in Kelantanf to Kampung Relong in Pahang.
COMPUGT registered a pre-tax profit of RM886,000, during the period under revenue, from a pre-tax loss of RM3.788 million, registered in the same period last year.
Local sentiment was again progressed from good to bad due to the volatile index. The Intra-day Oscillator slid into the red and ended at -32.90; lost 299.84 when compares with its starting point. The Average recorded a gain of 39.01.
At the end of the day, %K (yellow) of MSCD recorded as -60.31 (+18.05), %D (red) -80.33 (+9.55) and the Histogram -5.23 (+6.31). Both indicators edged higher and the Histogram printed another shorter negative bar.
MSCD shows that market sentiment progresses in cautiousness. More low-liners will be in rotational play. FBMKLCI
FBMKLCI failed to sustain in high position but closed with a loss of about 3 points today. Charts show that its upward momentum is decelerating after failing to finish above the 1,545 resistance in five attempts. More downside will be seen next week.
FLASH
MELATI has secured a RM148.63 million project from the Public Works Department to build a road stretching from Gua Musang in Kelantanf to Kampung Relong in Pahang.
COMPUGT registered a pre-tax profit of RM886,000, during the period under revenue, from a pre-tax loss of RM3.788 million, registered in the same period last year.
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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