Asian stock markets were down as manufacturing data signaled a slowdown in China, with the Shanghai Composite off nearly 3%. The Japanese market was weighed by a newly negative outlook on construction-machinery makers while the Korean market was struck by labor strife at a key auto-parts supplier.
Local sentiment dragged by the falling index soaked in pessimism whole day. The Intra-day Oscillator slid into the red and ended at -881.48; lost 716.34 when compares with its starting point. The Average recorded a loss of 617.14.
At the end of the day, %K (yellow) of MSCD recorded as -145.95 (-85.64), %D (red) -120.11 (-39.78) and the Histogram -9.35 (-4.12). Both indicators fell to touch the ‘resistance turn support’ level and the Histogram printed a longer negative bar.
MSCD shows that overall market sentiment turns weaker and D Line might sink into the downtrend channel again. Except those with brighter earning reports, most counters will suffer further selling pressure tomorrow.
FBMKLCI
FBMKLCI tumbled but supported by the 100MA today and finished at 1,528.98. The 100MA should be a strong support unless more pressure was exerted by external factor. Its next supports are 1,525-1,522.
Other indexes such as FBMACE and FBMSCAP are in bad shape also.
FLASH (Bursah)
PBA net profit surged 105% to RM11.03 million from RM5.37 million a year ago mainly due to the improved sale of water revenue from trade consumers.
MITRAJAYA has secured a RM46.40 million contract to build an eight-storey private hospital in Rawang.
APLAND posted net loss of RM0.343 million in the first quarter ended March 31, 2011 compared with net loss of RM4.27 million a year ago.
TALIWRK net profit reduced to RM8.49 million in the first quarter ended March 2011 from RM19.86 million in the same quarter last year.
UPA net profit reduced to RM0.40 million in the first quarter ended March 2011 from RM3.99 million in the same quarter last year.
EVERGRN net profit reduced to RM5.75 million in the first quarter ended March 2011 from RM33.08 million in the same quarter last year.
MAA net profit increased to RM16.23 million in the first quarter ended March 2011 from RM4.78 million in the same quarter last year.
GLBHD net profit doubled to RM8.29 million in the third quarter ended March 2011 from RM3.14 million in the same quarter last year.
BOLTON net profit reduced to RM2.02 million in the fourth quarter ended March 2011 from RM9.84 million in the same quarter last year.
Local sentiment dragged by the falling index soaked in pessimism whole day. The Intra-day Oscillator slid into the red and ended at -881.48; lost 716.34 when compares with its starting point. The Average recorded a loss of 617.14.
At the end of the day, %K (yellow) of MSCD recorded as -145.95 (-85.64), %D (red) -120.11 (-39.78) and the Histogram -9.35 (-4.12). Both indicators fell to touch the ‘resistance turn support’ level and the Histogram printed a longer negative bar.
MSCD shows that overall market sentiment turns weaker and D Line might sink into the downtrend channel again. Except those with brighter earning reports, most counters will suffer further selling pressure tomorrow. FBMKLCI
FBMKLCI tumbled but supported by the 100MA today and finished at 1,528.98. The 100MA should be a strong support unless more pressure was exerted by external factor. Its next supports are 1,525-1,522.
Other indexes such as FBMACE and FBMSCAP are in bad shape also.
FLASH (Bursah)
PBA net profit surged 105% to RM11.03 million from RM5.37 million a year ago mainly due to the improved sale of water revenue from trade consumers.
MITRAJAYA has secured a RM46.40 million contract to build an eight-storey private hospital in Rawang.
APLAND posted net loss of RM0.343 million in the first quarter ended March 31, 2011 compared with net loss of RM4.27 million a year ago.
TALIWRK net profit reduced to RM8.49 million in the first quarter ended March 2011 from RM19.86 million in the same quarter last year.
UPA net profit reduced to RM0.40 million in the first quarter ended March 2011 from RM3.99 million in the same quarter last year.
EVERGRN net profit reduced to RM5.75 million in the first quarter ended March 2011 from RM33.08 million in the same quarter last year.
MAA net profit increased to RM16.23 million in the first quarter ended March 2011 from RM4.78 million in the same quarter last year.
GLBHD net profit doubled to RM8.29 million in the third quarter ended March 2011 from RM3.14 million in the same quarter last year.
BOLTON net profit reduced to RM2.02 million in the fourth quarter ended March 2011 from RM9.84 million in the same quarter 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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