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Thursday, June 9, 2011

Malaysia Stock Market - Sentiment Index

Asian stock markets were mostly lower on Thursday amid persistent concerns about the U.S. and global economic outlook, while disappointing jobs data in Australia capped the Sydney market.

Local sentiment lost strength gradually due to lack of participation. The Intra-day Oscillator slid and ended at -68.37; lost 181.86 when compares with its starting point. The Average recorded a loss of 18.94.

At the end of the day, %K (yellow) of MSCD recorded as -135.58 (+21.20), %D (red) -146.95 (+10.24) and the Histogram -21.18 (+8.14). Both indicators continued to edge higher and broke out from the downtrend channel. The Histogram printed another shorter negative bar and almost completed its round bottoming process.

MSCD shows that overall market sentiment continued to gain strength but trading remained cautious as evident by the low volume.


FBMKLCI formed yet another doji and rested exactly on the 1,550 support level. Indicators show that its sustainability will be on test and has more downside risk now. Its next supports will be the 20MA which is around 1,545. Breaking which will see the index looking for support at 1,541.

FBMSCAP is moving upwards to face the 20MA which is the watershed of the positive and negative zones. Meantime, it was capped by the 12EMA.

FBMACE is facing tough time to break through its 100MA and printed yet another doji today. However, all technical reading shows that situation is improving.

FLASH (Bursah)

SPSETIA net profit surged to RM92.22 million in the second quarter ended March 2011 from RM51.21 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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