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Tuesday, June 7, 2011

Malaysia Stock Market - Sentiment Index

Asian stock markets were mixed on Tuesday, with Japan's shares erasing early losses amid a rebound in utility plays and some yen weakness, while Australia's shares came off lows as the central bank adopted a less hawkish tone after keeping rates on hold as expected.

Local sentiment reversed into optimism after the break as blue chips took a breather but small-caps and low-liners took center stage. The Intra-day Oscillator surged to end at its day-high at +205.89; gained 211.72 when compares with its starting point. The Average recorded a gain of 42.59.

At the end of the day, %K (yellow) of MSCD recorded as -187.78 (+41.87), %D (red) -170.91 (+17.09) and the Histogram -36.71 (+4.96). Both indicators hooked slightly up but remain in the downtrend channel. The Histogram printed a shorter negative bar.

MSCD shows that overall market sentiment is improving but remains in uncertainty as participation is scarce. However, Smallcaps and Lowliners have shown some lives.


FBMKLCI fell but finished above the 1,550 level and printed a Doji today. All indicators showed a slower momentum, supports stay at 1,550 – 1,541.

Both FBMACE and FBMSCAP printed white candles and all indicators showed positive signs after today’s trade but volume remains below average.

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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