Sentiment Index - Malaysia Stock Market

Constructed and written by Smartbiz

Asian markets found support from stronger signals on the U.S. earnings front but Chinese stocks tumbled on Monday after several corporate profit warnings. Local sentiment was steady with the Oscillator stayed in positive zone whole day but edged slightly lower to end at +346.34; lost 38.99 when compares with its opening point. The Average recorded a gain of 272.94.

After today’s trade, all line indicators hooked up but the Histogram continued its top-rounding process.

Data for MSCD are appended as below:

DATE	A_OSC	%K	%D	%A	HGM
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
16/7/2012	272.94	18.30	3.05	55.69	23.11
LAST+-	390.92	46.28	22.09	11.65	0.44

Conclusion: Market sentiment turned positive today as the bellwether index, FBMKLCI, edged higher and higher to make another record high at 1,635.96, gained 9.58 points. The index was partly powered by Axiata which was the most active counter with more than 21 million shares changing hands. At closing, Gainer was 476 and Loser 299.

In MSCD, %K rebounded after today’s market. This is the third time that the indicator saves from falling deep below %D. This indicates that the foundation that has been built months ago is resilient to any intensive selling.

However, market sentiment will be choppy as a cluster of uncertainties remains unsolved. Global mmod is actually temporarily boosted by anticipation that US will have to initiate its stimulus plan again due to the slower economy.

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