Asian stock markets were mostly higher in choppy trade Tuesday as concerns over Greece's debt crisis eased somewhat. Investors were encouraged by European officials' resolve to prevent a Greek debt default. But traders remained cautious as they focused on the outcomes of a no-confidence vote against the Greek government later Tuesday and the U.S. Federal Reserve rate-setting meeting on Wednesday.
Local sentiment progressed in pessimistic tone with the Intra-day Oscillator soaked deep in the red whole day and ended at -435.08; lost 460.10 when compares with its starting point. The Average recorded a loss of 419.99.
At the end of the day, %K (yellow) of MSCD recorded as -239.01 (-32.89), %D (red) -194.21 (-18.07) and the Histogram -13.96 (-7.71). Both indicators fell lower and %K touches the supporting line of the newly constructed wedge pattern channel. The Histogram failed to complete its round bottoming and printed a longer negative bar.
MSCD shows that overall market sentiment has been lingering within a tight range for some times as investors were uncertain of the global situation. Market also plagued by local political issues and turned cautious.
FBMKLCI
FBMKLCI fell and formed a doji after today’s trade. The index is most likely to test its 30MA and 20MA around 1,556 and 1,552 respectively.
FBMSCAP printed its fourth black candle to exhibit how weak the Small Caps market is. The next support will be 12,475 which sustainability is in doubts.
FBMACE fell and rebounded when touching its immediate support at 4,177. The fact that the index closed below the 20MA indicates that the index has to regenerate its upward momentum again.
FLASH (Bursah)
HOHUP Bursa Malaysia Securities Bhd has deferred the proposed suspension of Ho Hup CONSTRUCTION [] Co. Bhd’s shares and also the commencement of delisting procedures. It said on Tuesday, June 21 it had received a letter from the regulator the trading suspension and delisting had been deferred pending its decision on its application for more time to regularise its financial condition.
ECOFUTURE The delisting of ECOFUTURE BHD. [] scheduled for June 27, has been deferred after the company submitted an appeal to Bursa Malaysia Securities Bhd. “Given that the appeal was submitted by the company within the appeal timeframe, the removal of the securities of the company from the Official List of Bursa Securities on June 27, shall be deferred pending the decision from Bursa Securities,” it said.
Local sentiment progressed in pessimistic tone with the Intra-day Oscillator soaked deep in the red whole day and ended at -435.08; lost 460.10 when compares with its starting point. The Average recorded a loss of 419.99.
At the end of the day, %K (yellow) of MSCD recorded as -239.01 (-32.89), %D (red) -194.21 (-18.07) and the Histogram -13.96 (-7.71). Both indicators fell lower and %K touches the supporting line of the newly constructed wedge pattern channel. The Histogram failed to complete its round bottoming and printed a longer negative bar.MSCD shows that overall market sentiment has been lingering within a tight range for some times as investors were uncertain of the global situation. Market also plagued by local political issues and turned cautious.
FBMKLCI
FBMKLCI fell and formed a doji after today’s trade. The index is most likely to test its 30MA and 20MA around 1,556 and 1,552 respectively. FBMSCAP printed its fourth black candle to exhibit how weak the Small Caps market is. The next support will be 12,475 which sustainability is in doubts.
FBMACE fell and rebounded when touching its immediate support at 4,177. The fact that the index closed below the 20MA indicates that the index has to regenerate its upward momentum again. FLASH (Bursah)
HOHUP Bursa Malaysia Securities Bhd has deferred the proposed suspension of Ho Hup CONSTRUCTION [] Co. Bhd’s shares and also the commencement of delisting procedures. It said on Tuesday, June 21 it had received a letter from the regulator the trading suspension and delisting had been deferred pending its decision on its application for more time to regularise its financial condition.
ECOFUTURE The delisting of ECOFUTURE BHD. [] scheduled for June 27, has been deferred after the company submitted an appeal to Bursa Malaysia Securities Bhd. “Given that the appeal was submitted by the company within the appeal timeframe, the removal of the securities of the company from the Official List of Bursa Securities on June 27, shall be deferred pending the decision from Bursa Securities,” it said.
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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