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Monday, June 13, 2011

Malaysia Stock Market - Sentiment Index

Asian stock markets retreated Monday as evidence mounted that recoveries in the world's biggest economies- US have hit a roadblock.

Local sentiment was submerged by negative tone after Dow Jones deep fall today. The Intra-day Oscillator started in deep red and ended at -560.50; lost 49.12 when compares with its starting point. The Average recorded a loss of 553.04.

At the end of the day, %K (yellow) of MSCD recorded as -167.17 (-70.13), %D (red) -159.08 (+31.53) and the Histogram -10.27 (+0.55). Both indicators hooked down but remains above the downtrend channel and the Histogram continued to print another shorter negative bar.

MSCD shows that overall market sentiment was shocked by the sharp fall of Dow Jones and reversed into pessimism again. The future will be hinged on those movements of regional markets.


FBMKLCI’s upside movement was tripped today and the index finished well below the downtrend line but supported by the 20MA. Breaking the 20MA will see the index testing its all-time support around 1,541 and the odds are high.

FBMSCAP closed off low at 12,704.92. There is a possible rebound for small-caps if US market didn’t deteriorate. The 12EMA has become a resistance and next support will be 12,640.

FBMACE ended off low at 4,219.59. All indicators reversed downwards. Next support is 4,188.56. ACE counters will continue to be under pressure.

FLASH (Bursah)

PohKong net profit surged to RM9.04 million in the third quarter ended March 2011 from RM6.47 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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