Sentiment Index - Malaysia Stock Market

Constructed and written by Smartbiz

Asian markets remain mostly unchanged from yesterday's close following China's lower-than-expected GDP reading. Local sentiment continued subdue with the Oscillator soaked in the red for the whole session. Only last minute buying lifted it to end at +27.24; lost 22.09 when compares with its opening point. The Average recorded a loss of 117.98.

 

After today’s trade, all line indicators moved lower and the Histogram continued its top-rounding process.

Data for MSCD are appended as below:

DATE	A_OSC	%K	%D	%A	HGM
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
12/7/2012	226.32	11.63	17.71	66.26	30.16
13/7/2012	117.98	27.98	25.14	67.34	23.55
LAST+-	108.34	16.36	7.43	1.08	6.61

Conclusion: Market sentiment remained weak today but blue chips were slightly higher at midday on Friday, lifted by gains in Telekom and consumer stocks. However, profit taking picked up among plantation stocks following the recent decline in crude palm oil (CPO) futures. At closing, FBMKLCI added 0.89 points and Gainer was 379 and Loser 367.

In MSCD, %K managed to stay slightly below %D leaving a slim chance for it to rebound. But, bars in the Histogram were shrinking fast though remained in positive zone.

Analyst said the record making FBMKLCI is just a kind of stage show and will not last for long. Taking into consideration of the global woes and the uncertainty resulted from a long delay General Election; the analysis has its valid ground to say so.

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