Malaysia Stock Market - Sentiment Index

Asian markets started the week of July 11 on a weaker note, following the dip at Wall Street last Friday, as well as softer economic data from China over the weekend affected investor sentiment.

Local sentiment followed regional trend progressed from bad to worse with the intra-day Oscillator soaked in the red whole day and ended off low at -353.97; lost 307.61 when compares with its starting point. The Average recorded a loss of 272.40.

At the end of the day, %K (yellow) of MSCD recorded as -85.18 (+34.03), %D (red) -102.13 (-13.63) and the Histogram +32.57 (+3.90). Both indicators hooked further down and the Histogram printed its first shorter bar.

MSCD shows that overall market sentiment has receded due to internal and external adverse effects. The shrinking volume is evident that investor has again opted to sideline.

FBMKLCI

FBMKLCI lost strength yesterday before reaching the psychological barrier, 1,600. Its next support should be the 12EMA (around 1,579) which has been served as a temporary support for many times.

FBMSCAP printed yet another black candle and finished below both 12EMA and 30MA. Its next support will be the 20MA which is around 12,683. The whole chart scenario depicts a weaker trend and the index might fall to fill up the gap soon.

FBMACE’s upswing was tripped by both external and internal issues and lost 16.73 points yesterday. However, it has found a strong support around 4,142. The index has the tendency to test its 20MA, the overhead resistance if situation didn't deteriorate.

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.)