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Monday, June 27, 2011

Malaysia Stock Market - Sentiment Index

Asian stock markets mostly fell on Monday as dealers worried that Greece's debt problems were going to infect other parts of Europe. Markets dropped after a warning at the back end of last week from Moody's over Italian banks' creditworthiness, with the ratings agency saying it was mulling downgrades across the sector.

Local sentiment affected by the sharp fall of US market turned bearish today. The Intra-day Oscillator soaked in the red whole day but last minute buying lifted it to finish off-low at -298.64; lost 144.55 when compares with its starting point. The Average recorded a loss of 313.18.

At the end of the day, %K (yellow) of MSCD recorded as -200.85 (-20.42), %D (red) -184.58 (-10.29) and the Histogram -17.66 (+0.35). Both indicators fell slightly and the Histogram printed an almost equal negative bar.

MSCD shows that overall market sentiment is temporarily affected by foreign markets. Sentiment will improve as low-liners will continue to recoup their recent losses.


FBMKLCI gave back yesterday’s gain and closed 2.14 points lower at 1,564.66 today. There is no sign indicates that the index is going to have any significant movement but lingering in tight range, 1,557 to 1,567.

FBMSCAP failed to break through the 12EMA but finished about 38 points lower. The index has the tendency to test the 12EMA again.

FBMACE failed to break through its 20MA but ended at 4,205 lost 25.38 points. Look like the index will just lingering in tight range between the 20MA and its strong support at 4,173 until a clearer lead appears. ACE Market recorded a lower volume today.

FLASH (Bursah)

KIMLOONG net profit surged to RM19.90 million in the first quarter ended April 30, 2011 from RM13.35 million a year ago.

SPB (Selangor Property) net profit surged to RM30.22million in the second quarter ended April 30, 2011 from loss of RM25.62 million a year ago.

BJLand suffered loss of RM4.68million in the fourth quarter ended April 30, 2011 from net profit of RM72.07 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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