Sentiment Index - Malaysia Stock Market

Constructed and written by Smartbiz

Asian stocks were mixed on Wednesday amid fears about Chinese growth and deepening European debt troubles. Local sentiment repeated last scenario lost strength again but last minute buying pulled the Oscillator to end at +96.66; gained 43.39 when compares with its opening point. The Average recorded a gain of 6.03.

After today’s trade, %K in MSCD fell deeper but the mid-term indicators %D and %A both edged slightly higher. The Histogram printed yet another shorter bar.

Data for MSCD are appended as below:

DATE	A_OSC	%K	%D	%A	HGM
4/7/2012	128.03	30.48	13.26	78.31	42.65
5/7/2012	83.40	12.97	18.46	78.49	40.41
6/7/2012	246.89	48.94	1.20	66.66	41.87
9/7/2012	133.82	20.84	8.80	69.10	39.43
10/7/2012	88.72	31.28	1.58	63.36	38.11
11/7/2012	6.03	27.39	1.01	60.84	36.17
LAST+-	82.69	3.88	0.56	2.52	1.94

Conclusion: Market sentiment remained lackadaisical even though the key index, FBMKLCI, continued to set higher record. Obviously, investors are doubtful on the sustainability of the record making index amid so many unsettled external issues. Today, the last minute buying enables gainer overwhelmed loser by 405 to 364.  

In MSCD, both %D and %A indicate the mid-term trend is still intact. However, the Histogram shows sentiment will slowly progress into short term pessimism if market didn’t cheer up in the following sessions.

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