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Wednesday, August 24, 2011

Malaysia Stock Market - Sentiment Index

Asian shares were mostly higher as China's manufacturing activity eased concerns of a downturn in the world's second-largest economy, injecting some confidence to recently battered markets.

The HSBC preliminary PMI (Purchasing Managers Index) rose to a two-month high of 49.8 in August from a final reading of 49.3 in July. While the number was still below the key 50 level that separates growth in economic activity from contraction, the outcome was higher than some had feared.

Local sentiment started in doldrums in the morning session but was cheered by regional gains after the break. The Intra-day Oscillator surged to finish at its day-high at +417.45; gained 294.57 when compares with its starting point. The Average recorded a loss of 15.04 due to earlier losses.

At the end of the day, %K(yellow) of MSCD recorded as -383.92 (+67.05), %D(red) -426.68 (+32.94) and the Histogram -21.40 (+16.04).

Both indicators hooked up and the Histogram continued to print a shorter negative bar.


Market sentiment perked up in cautious trade at the backdrop of slight regional recovery today. Chart wise, the one day show will not make any change to the whole picture. Anyway, the chart also shows that investor has not given out the market totally.

As all the three key indexes (FBMKLCI, FBMSCAP and FBMACE) are still struggling below the 12EMA respectively, any uptick in MSCD remains uncertain.

(Morning Flash: Dow Jones jumped up 322 points last night)

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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