Sentiment Index - Malaysia Stock Market

Constructed and written by Smartbiz

Asian stocks were mixed on Tuesday after China reported trade growth slowed last month amid weakening global demand. Local sentiment lost strength with the Intraday Sentiment Oscillator sliding into the red at 4.00pm but last hour buying pulled the Oscillator to end at +195.21, gained 10.82 when compares with its opening point. The Average recorded a gain of 88.72.

After today’s trade, all line indicators in MSCD edged slightly higher but the Histogram printed another shorter bar.

Data for MSCD are appended as below:

DATE	A_OSC	%K	%D	%A	HGM
3/7/2012	10.98	12.75	24.56	91.55	42.36
4/7/2012	128.03	30.48	13.25	83.57	42.64
5/7/2012	83.40	12.97	18.45	83.63	40.39
6/7/2012	246.89	48.94	1.21	71.18	41.87
9/7/2012	169.94	15.28	11.47	73.82	38.84
10/7/2012	88.72	31.28	1.58	65.29	38.11
LAST+-	258.66	16.00	9.90	8.52	0.73

Conclusion: Market sentiment lost strength again today but last hour support put it to end at a positive note. The last hour buying enabled the number of gainers increased to 436 (+ 60) and loser reduced by 43 to 338.  This is yet another strong sign that investors were taking advantage of market weakness to build up their holdings.

In MSCD, all line indicators didn’t show any clear direction but the Histogram indicates participation has slowly faded away.

Note: Explanation on Intra-Day MSO and MSCD are archived under "Labels" at the sidebar.