Translate This Page

Tuesday, September 13, 2011

Malaysia Stock Market - Sentiment Index

Asian shares dropped sharply Monday, and the euro slumped to multi-year lows against the yen on fresh concerns of a Greek debt default, with the Tokyo stock market skidding to its lowest level in almost six months.

"Chronic uncertainty on Europe is keeping investors sidelined," said Shaw Stock broking head of trading Jamie Spiteri in Sydney. "There's decreasing trust in equity markets, so cash is increasingly being preserved."

Local sentiment subsided with the Intra-day Oscillator seen falling deeper and deeper to finish at -629.13; lost 514.20 when compares with its starting point. The Average recorded a loss of 431.82.

At the end of the day, %K (Yellow) of MSCD recorded as -158.82 (-49.62), %D (Red) -253.37 (-14.28) and the Histogram, +89.43 (+1.28).

Both indicators hooked down and the Histogram printed another longer bar above the zero-level.


Market enthusiasm receded due to another deep fall of Dow Jones, last Friday. As %K has failed to break through its previous high after several attempts, market sentiment will reverse into pessimism temporarily. Chart wise, the recovery process will resume once regional markets stabilize as long as %K remains above %D.

FBMKLCI finished below its previous low and there is a tendency to test its downside support around 1,423. FBMACE closed exactly above the 20MA but below the 30EMA. The index will be lingering around this range for sometimes.

(Morning Flash: Dow Jones gained 68 points, last night)

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

(Note: Explanation for Intra-Day MSO and MSCD are archived under "Labels" at the lower portion of the sidebar.)

No comments: