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Thursday, June 23, 2011

Malaysia Stock Market - Sentiment Index

Asian stock markets were mostly down Thursday after the Federal Reserve's downbeat assessment of the U.S. economy, while a further slowing in China's manufacturing activity in June added to the global growth concerns.

Local sentiment followed regional trend was subdue. The Intra-day Oscillator slid but ended off low at -119.57; lost 246.42 when compares with its starting point. The Average recorded a loss of 186.73.

At the end of the day, %K (yellow) of MSCD recorded as -223.38 (+6.66), %D (red) -192.71 (+0.48) and the Histogram -20.98 (-2.42). Both indicators edged slightly higher but the Histogram printed another longer negative bar.

MSCD shows that overall market sentiment remains lackadaisical while waiting for fresh lead. But, there is a possibility that low-liners in the ACE market might buck the trend.


FBMKLCI failed to extend yesterday’s gain but gave back more than 4 points today. The black doji indicates more uncertainties are ahead of the market and the index will most probably be trapped in tight range, 1,556 to 1,567.

FBMSCAP fell but rebounded when touching its support at 12,547 and lost 3.47 points today. The black doji coupled with higher volume indicates small caps will face more challenges with downside bias.

FBMACE fell but rebounded today and formed a Dragonfly candle. Normally, a rebound will ensue from a Dragonfly. But, the index has to break through the 20MA (4,234) to confirm its upside movement.

FLASH (Bursah)

JTiasa net profit surged five-fold to RM54.49 million in the fourth quarter ended April 30, 2011 from RM8.98 million a year agor, due mainly to higher profit margin and increase in average selling prices.

PBA reported a 76.99 per cent increase in pre-tax profit to RM26.23 million for the financial year ended Dec 31, 2010, from RM14.82 million recorded in 2009.

Gamuda net profit for the third quarter ended April 30, 2011 rose 39.6% to RM116.63 million from RM83.53 million a year earlier due to higher contributions from all its divisions.

MSM net profit for the first quarter ended March 31, 2011 surged to RM62.2 million from RM12.04 million a year earlier, due mainly to increase in sales volume and higher sales price of refined sugar products. MSM Malaysia is the largest refined sugar producer in Malaysia and is set for listing on the Main Market on June 28.

HaiO net profit for the fourth quarter ended April 30, 2011 fell to RM8.54 million from RM13.93 million a year earlier.

Glomac proposed subdivision of every one (1) ordinary share of RM1.00 each in Glomac into two (2) ordinary shares of RM0.50 each.

Comcorp net loss for the first quarter ended April 30, 2011 enlarged to RM6.39 million from RM2.32 million a year earlier.

Bjmedia net profit for the fourth quarter ended April 30, 2011 improved to RM3.63 million from net loss of RM5.19 million a year earlier.

Goldis net profit for the first quarter ended April 30, 2011 surged to RM12.23 million from RM4.24 million a year earlier.

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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