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Wednesday, June 15, 2011

Malaysia Stock Market - Sentiment Index

Asian stock markets were mixed in choppy trade Wednesday, with the Shanghai bourse hurt by Beijing's latest policy tightening move, while hawkish comments from Australia's central bank chief dented the Sydney market.

Local sentiment lost strength even FBMKLCI stayed on high plateau for the whole session. The Intra-day Oscillator hovered near the neutral level most of the time but last minute buying pulled it to end off high at +187.33; lost 121.51 when compares with its starting point. The Average recorded a gain of 115.34.

At the end of the day, %K (yellow) of MSCD recorded as -103.06 (+39.70), %D (red) -128.40 (+19.51) and the Histogram -0.70 (+6.51). Both indicators edged higher and the Histogram printed another shorter negative bar.

MSCD shows that overall market sentiment continued to move in positive direction but vulnerable as volume remains scarce.


FBMKLCI bounced and ended above the downtrend line at 1,556 today. Based on indicators, the upward momentum is still in doubts as it is highly depend on external issues which were flip-flopped in uncertainties. The next resistance will be 1,558.

FBMSCAP broke through its 20MA today but capped by the 30MA. The index should be able to move higher until it faces its 100MA around 12,849.

FBMACE ended higher at 4,250 with higher volume today. The index will be trapped in tight range until it breaks its overhead resistance which is also the 20MA.

FLASH (Bursah)

ECOFUTURE will be suspended from June 23 after it failed to appoint a replacement sponsor by the June 10 deadline and ultimately, faces delisting by June 27.

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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