Sentiment Index - Malaysia Stock Market

Constructed and Written by Smartbiz

Asian stocks ended mostly lower Wednesday, with miners and banks losing ground on the last trading day of a weak month of uncertainly over Europe. (WSJ)

Market Sentiment
Local sentiment started in hesitation as regional markets opened in mixed performance, Wednesday. Sentiment shrugged off gain of key index but ended in the vicinity of the negative zone in the morning session. After the break, the Intra-Day Oscillator slid deeper with selling accelerated in high volume as regional markets mostly fell with Shanghai Index lost more than 3%.

At the end of the day, the Intraday Oscillator rebounded before closing due to last minute buying and finished at +222.29; gained 6.97 when compares with its opening point. The Average recorded a gain of 96.32.

In MSCD, %K (Yellow) computed as -116.73 (+38.72), %D (Red) -64.69 (+12.89) and the Histogram -116.95 (+16.23).

Technical Analysis
After today’s trade, both indicators in MSCD edged higher but still stayed in the red. The Histogram printed a shorter bar and continues its round-bottoming process.

Sentiment has been improving with accumulation in cautiousness.

Day Pick

Latest News
Investors around the world raced to scoop up stocks on Wednesday, after the Federal Reserve said it will work with other central banks to support the global economy. The Dow Jones Industrial Average soared 490.05 points, or 4.2%, to 12045.68, and finished November up 0.8%.

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