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Friday, June 24, 2011

Malaysia Stock Market - Sentiment Index

Chinese stocks led Asian equity markets higher on Friday on hopes inflation will ease soon, though the euro's overnight rally fizzled, with Greece's deal with international lenders seen as only a short-term fix for a long-term crisis.

Local sentiment cheered on the recovery of regional market progressed positively with the Intra-day Oscillator surged to end at its day-high at +355.02; gained 365.25 when compares with its starting point. The Average recorded a gain of 55.89.

At the end of the day, %K (yellow) of MSCD recorded as -180.43 (+42.95), %D (red) -174.29 (+18.42) and the Histogram -18.00 (+2.97). Both indicators edged higher and the Histogram printed a shorter negative bar.

MSCD shows that overall market sentiment is improving. However, as both indicators were trapped inside the wedge channel the upside movement will still be quite challenging. Low-liners should continue to attract interests.


FBMKLCI edged up 1.47 points and closed at 1,564.66 today. The index will most probably be tepid and trapped in tight range, 1,556 to 1,567.

FBMSCAP rebounded today but ended below the 12EMA. The 12EMA is an immediate resistance to break through before the 20MA. Based on the higher volume, the index has the tendency to test the 20MA.

FBMACE moved higher today but was capped by the 20MA. Indicators show that the index has the tendency to break through this immediate resistance if market can keep its volume intact or increasing.

FLASH (Bursah)

Kencana net profit surged to RM56.42 million in the third quarter ended April 30, 2011 from RM31.17 million a year ago.

Keladi net profit surged to RM4.00 million in the first quarter ended April 30, 2011 from RM2.86 million a year ago.

Apollo net profit fell to RM2.01 million in the fourth quarter ended April 30, 2011 from RM4.88 million a year ago.

Astino net profit jumped to RM11.42 million in the third quarter ended April 30, 2011 from RM7.09 million a year ago.

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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