Malaysia Stock Market - Sentiment Index

Asian stock markets even today closed in negative zone. Hong Kong, Singapore and Japan stock markets sagged by 200 to 600 points. On the other hand EU markets also do not seem to be safe from this slump, as today, on third consecutive day were seen carrying forward the pessimism that had struck the markets.

Local sentiment deteriorated as regional market tumbled. The intra-day Oscillator sltd deeper immediately after the break seeing Dow Jones Future lost more than 100 points. The Oscillator ended at -806.85; lost 648.68 when compares with its starting point. The Average recorded a loss of 444.28.

At the end of the day, %K (yellow) of MSCD recorded as -140.41 (-55.23), %D (red) -127.51 (-25.35) and the Histogram +23.50 (-9.10). Both indicators fell deeper and the Histogram printed yet another shorter bar.
 
MSCD shows that overall market sentiment is deteriorating fast with volume remained shrinking. Market will continue to be plagued by both internal and external woes until situation improves.

FBMKLCI

FBMKLCI fell but supported by the 20MA and closed at 1,578 lost 10.48 points today. As 20MA is an important support for an uptrend run its sustainability is quite a concern. Breaking which, should see the index testing its previous low at 1,561.

FBMSCAP printed a long black candle and fell below the 20MA with higher volume. As the 20MA has failed to halt the downswing, the index might go further down to test its previous low around 12,526.

FBMACE continued to face down but printed a ‘Hammer’. The Hammer is a sign that buying support emerged when selling was intensive. However, the support will diminish if global situation didn’t stabilize.

FLASH (Bursah)

BTM’s subsidiary Syarikat Maskayu Sawmill Sdn Bhd,has received the approval from the Terengganu government to extract forest products in Kemaman.BTM said on Tuesday, July 12 it had received the approval from the Terengganu State Forestry Department for the forest concession covering 404.70 hectares. “The agreement is for a period of three years effective from July 3, 2011 to July 2, 2014,” it said.

CEPATannounced that the Company proposed to undertake a bonus issue of up to 107,728,458 new ordinary shares of RM1.00 each in CGB, to be credited as fully paid-up on the basis of one (1) Bonus Share for every two (2) existing CGB Shares held on an entitlement date to be determined later.

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.)