Key regional markets were mired in the red on Thursday, July 28 as weak US economic data and a deadlock in talks to raise the world’s largest economy’s debt ceiling spooked investors.
Local sentiment progressed in sorrow tone with the Intra-day Oscillator soaked deep in the red whole day. However, sentiment improved gradually after break and the Oscillator ended off low to end at -447.78; gained 313.01 when compares with its starting point. The Average recorded a loss of 697.33.
At the end of the day, %K(yellow) of MSCD recorded as -214.40 (-87.77), %D(red) -176.85 (-41.65) and the Histogram -12.41 (-6.29). Both indicators slid and %K fell below the support line of the uptrend channel. The Histogram printed a longer negative bar and thus, fails to complete its round bottoming.
Obviously, market optimism was hurt by the flip-flop scenario of the US debt problem and advocates doldrums again. Investors were scare and taking profit. However, some continued to nibble on low-liners before closing.
From charts, blue-chips and ACE counters will continue to bear the selling pressure but small-caps have some buying support.
FLASH (Bursah)
YHS net profit increased to RM4.12 million in the second quarter ended Jun 30, 2011 from loss of RM5.35 million a year ago.
UNISEM net profit decreased to RM12.02 million in the second quarter ended Jun 30, 2011 from RM48.05 million a year ago.
SEG net profit increased to RM18.13 million in the second quarter ended Jun 30, 2011 from RM10.80 million a year ago.
AIRPORT net profit increased to RM81.92 million in the second quarter ended Jun 30, 2011 from RM59.61 million a year ago.
GADANG lost RM9.35 million in the fourth quarter ended May 30, 2011 from profit of RM3.56 million a year ago.
MAEMODE net profit increased to RM12.49 million in the fourth quarter ended May 30, 2011 from RM3.48 million a year ago.
CEPCO net profit increased to RM6.23 million in the second quarter ended May 30, 2011 from loss of RM0.19 million a year ago.
WCT announced that its wholly-owned subsidiary has been awarded a contract for earthworks services by Vale Malaysia Manufacturing Sdn Bhd vide an agreement dated 26th July 2011. The Contract sum is approximately RM115 million.
Local sentiment progressed in sorrow tone with the Intra-day Oscillator soaked deep in the red whole day. However, sentiment improved gradually after break and the Oscillator ended off low to end at -447.78; gained 313.01 when compares with its starting point. The Average recorded a loss of 697.33.
At the end of the day, %K(yellow) of MSCD recorded as -214.40 (-87.77), %D(red) -176.85 (-41.65) and the Histogram -12.41 (-6.29). Both indicators slid and %K fell below the support line of the uptrend channel. The Histogram printed a longer negative bar and thus, fails to complete its round bottoming.
Obviously, market optimism was hurt by the flip-flop scenario of the US debt problem and advocates doldrums again. Investors were scare and taking profit. However, some continued to nibble on low-liners before closing.
From charts, blue-chips and ACE counters will continue to bear the selling pressure but small-caps have some buying support.
FLASH (Bursah)
YHS net profit increased to RM4.12 million in the second quarter ended Jun 30, 2011 from loss of RM5.35 million a year ago.
UNISEM net profit decreased to RM12.02 million in the second quarter ended Jun 30, 2011 from RM48.05 million a year ago.
SEG net profit increased to RM18.13 million in the second quarter ended Jun 30, 2011 from RM10.80 million a year ago.
AIRPORT net profit increased to RM81.92 million in the second quarter ended Jun 30, 2011 from RM59.61 million a year ago.
GADANG lost RM9.35 million in the fourth quarter ended May 30, 2011 from profit of RM3.56 million a year ago.
MAEMODE net profit increased to RM12.49 million in the fourth quarter ended May 30, 2011 from RM3.48 million a year ago.
CEPCO net profit increased to RM6.23 million in the second quarter ended May 30, 2011 from loss of RM0.19 million a year ago.
WCT announced that its wholly-owned subsidiary has been awarded a contract for earthworks services by Vale Malaysia Manufacturing Sdn Bhd vide an agreement dated 26th July 2011. The Contract sum is approximately RM115 million.
Constructed and Written by Smartbiz
(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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