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Friday, September 9, 2011

Malaysia Stock Market - Sentiment Index

Asian shares were mixed on Thursday, retracing early gains after worse-than-expected regional economic data rekindled investor concerns over the uncertain growth outlook, with the Australian dollar and Sydney stocks falling after a surprisingly weak jobs report.

“The overnight rise in European and U.S. shares had no solid drivers and was likely sparked by temporary short-covering. Equity markets globally seem overly optimistic at this point,” said Hideyuki Ishiguro, a strategist at Okasan Securities in Japan.

Local sentiment remained resilient to external effect with the Intra-day Oscillator stayed in positive zone for the whole day and surged to finish at its day-high at +271.54; gained 184.84 when compares with its starting point. The Average recorded a gain of 133.26.

At the end of the day, %K(yellow) of MSCD recorded as -136.98 (+49.12), %D(red) -261.74 (+31.61) and the Histogram +77.75 (+11.75).

Both indicators were pointing north and the Histogram printed yet another longer bar above the zero level.


Market sentiment was mixed with buying emerged before session ended. In MSCD, %K has crawled nearer to the zero level – investor decided to temporarily shrug off any external influence but picked up cheap shares.

FBMKLCI was capped by the resistance line and both FBMSCAP and FBMACE were below the 12EMA. The upswing of all indexes cannot be confirmed and uncertainty remains.

(Morning Flash: Dow Jones lost 119 points, last night)

Constructed and Written by Smartbiz (Chart of FBMKLCI extracted from ChartNexus)

(Note: You can read the explanation for Intra-Day MSO and MSCD from the archive under heading "Labels" at the lower portion of the sidebar.)

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