Asian stock markets rose on Tuesday after Wall Street shares climbed for a third straight session, but pare gains as U.S. futures slip nearly hundred points again.
Local sentiment opened in high notes but followed the key index lost steam with the Intra-day Oscillator slipped into the red but closed off low at +51.89; gained 1,662.98 when compares with its starting point. The Average recorded a gain of 640.13.
At the end of the day, %K(yellow) of MSCD recorded as -378.23 (+185.09), %D(red) -446.97 (+87.00) and the Histogram -163.79 (+58.13).
Both indicators charged even higher with %K cut %D decisively. The Histogram printed another shorter negative bar.
Conclusion
Due to the fact that %K has cut %D decisively with increasing volume the bullish sentiment will continue even though profit taking might decelerate its strength temporarily. Investor will be seen nibbling on weaknesses.
(Morning Flash: Dow Jones lost 77 points last night)
NEWS FLASH (Bursah)
MPI net profit sank to RM2.58 million in the fourth quarter ended Jun 30, 2011 from RM34.78 million a year ago.
OSKPROP net profit increased to RM11.57 million in the second quarter ended Jun 30, 2011 from RM3.12 million a year ago.
ESSO net profit fell to RM1.81 million in the second quarter ended Jun 30, 2011 from profit of RM70.77 million a year ago.
BERNAS net profit increased to RM63.50 million in the second quarter ended Jun 30, 2011 from RM41.62 million a year ago.
HEVEA net profit decreased to RM1.00 million in the second quarter ended Jun 30, 2011 from RM6.83 million a year ago.
ALLIANZ net profit increased to RM36.51 million in the second quarter ended Jun 30, 2011 from RM29.60 million a year ago.
KLK net profit increased to RM432.75 million in the third quarter ended Jun 30, 2011 from RM243.54 million a year ago.
KURASIA net profit increased to RM15.01 million in the second quarter ended Jun 30, 2011 from RM3.23 million a year ago.
Local sentiment opened in high notes but followed the key index lost steam with the Intra-day Oscillator slipped into the red but closed off low at +51.89; gained 1,662.98 when compares with its starting point. The Average recorded a gain of 640.13.
At the end of the day, %K(yellow) of MSCD recorded as -378.23 (+185.09), %D(red) -446.97 (+87.00) and the Histogram -163.79 (+58.13).
Both indicators charged even higher with %K cut %D decisively. The Histogram printed another shorter negative bar.
Conclusion
Due to the fact that %K has cut %D decisively with increasing volume the bullish sentiment will continue even though profit taking might decelerate its strength temporarily. Investor will be seen nibbling on weaknesses.
(Morning Flash: Dow Jones lost 77 points last night)
NEWS FLASH (Bursah)
MPI net profit sank to RM2.58 million in the fourth quarter ended Jun 30, 2011 from RM34.78 million a year ago.
OSKPROP net profit increased to RM11.57 million in the second quarter ended Jun 30, 2011 from RM3.12 million a year ago.
ESSO net profit fell to RM1.81 million in the second quarter ended Jun 30, 2011 from profit of RM70.77 million a year ago.
BERNAS net profit increased to RM63.50 million in the second quarter ended Jun 30, 2011 from RM41.62 million a year ago.
HEVEA net profit decreased to RM1.00 million in the second quarter ended Jun 30, 2011 from RM6.83 million a year ago.
ALLIANZ net profit increased to RM36.51 million in the second quarter ended Jun 30, 2011 from RM29.60 million a year ago.
KLK net profit increased to RM432.75 million in the third quarter ended Jun 30, 2011 from RM243.54 million a year ago.
KURASIA net profit increased to RM15.01 million in the second quarter ended Jun 30, 2011 from RM3.23 million a year ago.
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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