Asian shares were mostly down Monday in volatile trading amid subdued sentiment, while traders in Tokyo remained on high alert for yen-selling intervention by Japanese authorities after the currency advanced to a fresh record high on Friday.
"Another record level for gold and continued buying of bonds appear to indicate that globally investors are looking for a safety-first approach," said Michael McCarthy, chief market strategist at CMC Markets in Sydney. "While shares look cheap on current measures, concerns about the global outlook may push them further into value territory."
Local sentiment eventually followed the major trend subsided with the Intra-day Oscillator opened in the red and slid deeper after the break. The Oscillator finished off low at -719.30; lost 479.84 when compares with its starting point. The Average recorded a loss of 627.27.
At the end of the day, %K(yellow) of MSCD recorded as -450.96 (-32.04), %D(red) -459.66 (-13.41) and the Histogram -37.40 (+11.52).
Both indicators fell slightly and %K remained above %D. The Histogram printed a shorter negative bar.
Conclusion
Market sentiment continued to recede but in slower pace. Chart wise, the continuous round bottoming process of the histogram is a plus. The declining volume is evident that selling was mild. Many investors are holding their positions while waiting for a better scenario.
(Morning Flash: Dow Jones edged up 37 points last night)
NEWS FLASH (Bursah)
SUPERMX net profit decreased to RM22.63 million in the second quarter ended Jun 30, 2011 from RM45.85 million a year ago.
SCABLE net profit increased to RM2.84 million in the second quarter ended Jun 30, 2011 from RM0.46 million a year ago.
OIB net loss jumped to RM10.25 million in the fourth quarter ended Jun 30, 2011 from RM2.04 million a year ago.
AUTOV net profit decreased to RM0.84 million in the second quarter ended Jun 30, 2011 from RM3.91 million a year ago.
GUOCO net profit increased to RM22.33 million in the fourth quarter ended Jun 30, 2011 from RM11.47 million a year ago.
APLAND recorded net loss of RM5.45 million in the second quarter ended Jun 30, 2011 from profit of RM3.02 million a year ago.
KSTAR net profit increased to RM14.06 million in the second quarter ended Jun 30, 2011 from RM5.81 million a year ago.
ALAM net profit decreased to RM6.95 million in the second quarter ended Jun 30, 2011 from RM16.75 million a year ago.
JCY recorded net loss of RM31.85 million in the third quarter ended Jun 30, 2011 from profit of RM55.59 million a year ago.
JAVA sank into loss of RM2.35 million in the fourth quarter ended Jun 30, 2011 from profit of RM1.12 million a year ago.
SAMCHEM net profit increased to RM5.22 million in the second quarter ended Jun 30, 2011 from RM3.74 million a year ago.
MNRB net profit increased to RM42.96 million in the first quarter ended Jun 30, 2011 from RM26.13 million a year ago.
EKSON net profit increased to RM18.12 million in the first quarter ended Jun 30, 2011 from RM9.24 million a year ago.
VASTALX net loss decreased to RM0.83 million in the second quarter ended Jun 30, 2011 from RM7.20 million a year ago.
UTDPLT net profit increased to RM109.58 million in the second quarter ended Jun 30, 2011 from RM54.25 million a year ago.
FITTERS net profit increased to RM4.58 million in the second quarter ended Jun 30, 2011 from RM2.28 million a year ago.
GMUTUAL net profit increased to RM4.05 million in the second quarter ended Jun 30, 2011 from RM2.63 million a year ago.
NCB net profit decreased to RM23.44 million in the second quarter ended Jun 30, 2011 from RM35.50 million a year ago.
ENG net profit decreased to RM5.56 million in the second quarter ended Jun 30, 2011 from RM12.62 million a year ago.
PBA net profit increased to RM12.20 million in the second quarter ended Jun 30, 2011 from RM5.30 million a year ago.
TAANN net profit increased to RM50.73 million in the second quarter ended Jun 30, 2011 from RM7.48 million a year ago.
TWSCORP net profit decreased to RM7.84 million in the second quarter ended Jun 30, 2011 from RM11.33 million a year ago.
NGIUKEE net loss reduced to RM0.62 million in the first quarter ended Jun 30, 2011 from RM12.70 million a year ago.
EVERGRN net profit decreased to RM12.53 million in the second quarter ended Jun 30, 2011 from RM36.49 million a year ago.
KNM net profit decreased to RM10.85 million in the first quarter ended Jun 30, 2011 from RM14.14 million a year ago.
"Another record level for gold and continued buying of bonds appear to indicate that globally investors are looking for a safety-first approach," said Michael McCarthy, chief market strategist at CMC Markets in Sydney. "While shares look cheap on current measures, concerns about the global outlook may push them further into value territory."
Local sentiment eventually followed the major trend subsided with the Intra-day Oscillator opened in the red and slid deeper after the break. The Oscillator finished off low at -719.30; lost 479.84 when compares with its starting point. The Average recorded a loss of 627.27.
At the end of the day, %K(yellow) of MSCD recorded as -450.96 (-32.04), %D(red) -459.66 (-13.41) and the Histogram -37.40 (+11.52).
Both indicators fell slightly and %K remained above %D. The Histogram printed a shorter negative bar.
Conclusion
Market sentiment continued to recede but in slower pace. Chart wise, the continuous round bottoming process of the histogram is a plus. The declining volume is evident that selling was mild. Many investors are holding their positions while waiting for a better scenario.
(Morning Flash: Dow Jones edged up 37 points last night)
NEWS FLASH (Bursah)
SUPERMX net profit decreased to RM22.63 million in the second quarter ended Jun 30, 2011 from RM45.85 million a year ago.
SCABLE net profit increased to RM2.84 million in the second quarter ended Jun 30, 2011 from RM0.46 million a year ago.
OIB net loss jumped to RM10.25 million in the fourth quarter ended Jun 30, 2011 from RM2.04 million a year ago.
AUTOV net profit decreased to RM0.84 million in the second quarter ended Jun 30, 2011 from RM3.91 million a year ago.
GUOCO net profit increased to RM22.33 million in the fourth quarter ended Jun 30, 2011 from RM11.47 million a year ago.
APLAND recorded net loss of RM5.45 million in the second quarter ended Jun 30, 2011 from profit of RM3.02 million a year ago.
KSTAR net profit increased to RM14.06 million in the second quarter ended Jun 30, 2011 from RM5.81 million a year ago.
ALAM net profit decreased to RM6.95 million in the second quarter ended Jun 30, 2011 from RM16.75 million a year ago.
JCY recorded net loss of RM31.85 million in the third quarter ended Jun 30, 2011 from profit of RM55.59 million a year ago.
JAVA sank into loss of RM2.35 million in the fourth quarter ended Jun 30, 2011 from profit of RM1.12 million a year ago.
SAMCHEM net profit increased to RM5.22 million in the second quarter ended Jun 30, 2011 from RM3.74 million a year ago.
MNRB net profit increased to RM42.96 million in the first quarter ended Jun 30, 2011 from RM26.13 million a year ago.
EKSON net profit increased to RM18.12 million in the first quarter ended Jun 30, 2011 from RM9.24 million a year ago.
VASTALX net loss decreased to RM0.83 million in the second quarter ended Jun 30, 2011 from RM7.20 million a year ago.
UTDPLT net profit increased to RM109.58 million in the second quarter ended Jun 30, 2011 from RM54.25 million a year ago.
FITTERS net profit increased to RM4.58 million in the second quarter ended Jun 30, 2011 from RM2.28 million a year ago.
GMUTUAL net profit increased to RM4.05 million in the second quarter ended Jun 30, 2011 from RM2.63 million a year ago.
NCB net profit decreased to RM23.44 million in the second quarter ended Jun 30, 2011 from RM35.50 million a year ago.
ENG net profit decreased to RM5.56 million in the second quarter ended Jun 30, 2011 from RM12.62 million a year ago.
PBA net profit increased to RM12.20 million in the second quarter ended Jun 30, 2011 from RM5.30 million a year ago.
TAANN net profit increased to RM50.73 million in the second quarter ended Jun 30, 2011 from RM7.48 million a year ago.
TWSCORP net profit decreased to RM7.84 million in the second quarter ended Jun 30, 2011 from RM11.33 million a year ago.
NGIUKEE net loss reduced to RM0.62 million in the first quarter ended Jun 30, 2011 from RM12.70 million a year ago.
EVERGRN net profit decreased to RM12.53 million in the second quarter ended Jun 30, 2011 from RM36.49 million a year ago.
KNM net profit decreased to RM10.85 million in the first quarter ended Jun 30, 2011 from RM14.14 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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