Asian stocks rose Wednesday tracking overnight gains on Wall Street ahead of a key vote on unpopular austerity measures that investors hope will be approved by the Greek Parliament, a pre-requisite for qualifying for another financial aid package.
Local sentiment receded gradually from initial upbeat but last minute buying lifted it to finish off high at +235.07; lost 96.69 when compares with its starting point. The Average recorded a gain of 156.65.
At the end of the day, %K (yellow) of MSCD recorded as -90.74 (+44.96), %D (red) -131.38 (+23.05) and the Histogram -0.15 (+10.20). Both indicators broke the overhead resistance line and the Histogram printed another short negative bar almost finished its round bottoming.
FBMKLCI
FBMKLCI continued its upswing but capped by its previous high 1,576. Total volume also broke the one-billion level. However, today's gain was due to last minute buying again. While the index might attempt to set another historic high but will face stronger resistance.
FBMSCAP edged up in higher volume today. The next resistance will be its 30MA around 12,720. Based on past experience the 30MA will be a tough barrier to break.
FBMACE attempted to break its immediate resistance 12EMA but failed and closed lower today. ACE Market will be subdued for some times.
FLASH (Bursah)
HIAPTEK net profit slumped 67.8% to RM5.42 million in the third quarter ended April 30, 2011 from RM16.87 million a year ago but the steel marker expects domestic steel demand to pick up.
BJCORP net profit decreased to RM103.61 million in the fourth quarter ended April 30, 2011 from RM143.85 million a year ago.
TSM net profit decreased to RM4.72 million in the first quarter ended April 30, 2011 from RM8.51 million a year ago.
TA net profit jumped to RM33.72 million in the first quarter ended April 30, 2011 from RM22.69 million a year ago.
UMCCA net profit surged to RM22.75 million in the fourth quarter ended April 30, 2011 from RM14.25 million a year ago.
TAGB net profit increased to RM30.11 million in the first quarter ended April 30, 2011 from RM18.56 million a year ago.
SILK suffered loss of RM5.01 million in the third quarter ended April 30, 2011 from profit of RM3.21 million a year ago.
IRCB recorded loss of RM5.91 million in the first quarter ended April 30, 2011 from RM0.326 million a year ago.
Local sentiment receded gradually from initial upbeat but last minute buying lifted it to finish off high at +235.07; lost 96.69 when compares with its starting point. The Average recorded a gain of 156.65.
At the end of the day, %K (yellow) of MSCD recorded as -90.74 (+44.96), %D (red) -131.38 (+23.05) and the Histogram -0.15 (+10.20). Both indicators broke the overhead resistance line and the Histogram printed another short negative bar almost finished its round bottoming.
MSCD shows that overall market sentiment has staged a breakthrough and waiting for %K to climb back to the positive zone. Total volume has exceeded the one-billion level. Market interest has shifted to blue chips and small caps.
FBMKLCI
FBMKLCI continued its upswing but capped by its previous high 1,576. Total volume also broke the one-billion level. However, today's gain was due to last minute buying again. While the index might attempt to set another historic high but will face stronger resistance.FBMSCAP edged up in higher volume today. The next resistance will be its 30MA around 12,720. Based on past experience the 30MA will be a tough barrier to break.
FBMACE attempted to break its immediate resistance 12EMA but failed and closed lower today. ACE Market will be subdued for some times.FLASH (Bursah)
HIAPTEK net profit slumped 67.8% to RM5.42 million in the third quarter ended April 30, 2011 from RM16.87 million a year ago but the steel marker expects domestic steel demand to pick up.
BJCORP net profit decreased to RM103.61 million in the fourth quarter ended April 30, 2011 from RM143.85 million a year ago.
TSM net profit decreased to RM4.72 million in the first quarter ended April 30, 2011 from RM8.51 million a year ago.
TA net profit jumped to RM33.72 million in the first quarter ended April 30, 2011 from RM22.69 million a year ago.
UMCCA net profit surged to RM22.75 million in the fourth quarter ended April 30, 2011 from RM14.25 million a year ago.
TAGB net profit increased to RM30.11 million in the first quarter ended April 30, 2011 from RM18.56 million a year ago.
SILK suffered loss of RM5.01 million in the third quarter ended April 30, 2011 from profit of RM3.21 million a year ago.
IRCB recorded loss of RM5.91 million in the first quarter ended April 30, 2011 from RM0.326 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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