Malaysia Stock Market - Sentiment Index

Asian stock markets were mixed Thursday, with sentiment hurt as the U.S. dollar fell broadly after Moody's Investors Service warned of a possible downgrade of U.S. government debt, pushing gold plays higher and hurting many exporters' stocks in Tokyo.

Local sentiment continued to progress in doldrums with the intra-day Oscillator soaked in the red whole day to end at -273.40; lost 92.00 when compares with its starting point. The Average recorded a loss of 269.28.

At the end of the day, %K(yellow) of MSCD recorded as -140.77 (-23.36), %D(red) -128.62 (-11.26) and the Histogram +12.58 (-6.18). Both indicators hooked down and the Histogram printed a shorter bar to complete its round topping.

MSCD shows that overall market sentiment remains weak as worry on U.S. government debt emerged. Due to the new disturbances, it is hard to see any revival in the near future.

FBMKLCI

FBMKLCI moved in tight range finished with loss of 0.83 points yesterday. However, the uptrend support line served as good support in yet another selling pressure. The next support will be the 20MA but has become vulnerable now.

FBMSCAP printed another black candle but volume decreased slightly yesterday. However, the index has found its temporary support around 12,580 which is its previous low. As all indicators exhibit weak signals, the index should be testing its downside support from time to time.

FBMACE also printed a black candle but volume decreased. As the Bollinger Bands are still expanding, the index has a downside bias now. The support remains as 4,098.

FLASH (Bursah)

ATLAN net profit jumped to RM92.23 million in the first quarter ended Jun 30, 2011 from RM24.20 million a year ago.

HUAYANG net profit jumped to RM11.48 million in the first quarter ended Jun 30, 2011 from RM4.91 million a year ago.

HUAYANG announced that the Company proposed to undertake a bonus issue of 36,000,000 Bonus Shares on the basis of one (1) Bonus Share for every three (3) existing HuaYang Shares held on the Entitlement Date.

MHOUSE - UNCONDITIONAL TAKE-OVER OFFER BY LEE KUANG CHONG, LEE FATT CHONG AND LEE HENG CHOONG THROUGH AMINVESTMENT BANK BERHAD TO ACQUIRE ALL THE REMAINING ORDINARY SHARES OF RM1.00 EACH IN MHOUSE AT A CASH OFFER PRICE OF RM0.65 PER OFFER SHARE.

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.)