Constructed
and written by Smartbiz
Asian stock markets declined on Wednesday as
investors switched from hopes for monetary stimulus to worries about growth. Local
sentiment
lost strength with the Oscillator slid into negative zone before the break.
But, again, last minute buying pulled it to end at +7.92; lost 182.73 when
compares with its opening point. The Average recorded a gain of 6.30.
After today’s trade, %K fell slightly but %D and %A edged
slightly higher. The Histogram continued its top-rounding process.
Data for MSCD are appended as below:
| DATE | A_OSC | %K | %D | %A | HGM |
| 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 |
| 17/7/2012 | 32.27 | 10.52 | 5.21 | 54.31 | 21.63 |
| 18/7/2012 | 6.30 | 9.87 | 4.36 | 52.72 | 20.15 |
| LAST+- | 38.57 | 0.65 | 0.85 | 1.59 | 1.48 |
Conclusion:
Market sentiment turned weak today due to profit taking. Fund buying of
banks and telecommunication stocks lifted the FBM KLCI at midday enabling the
30-stock index to buck the overall lacklustre regional markets. At
closing, Gainer beat Loser by 362 to 358.
In MSCD, all indicators have only little changes indicating buyer and seller have equal shares in opinions.
Note: Explanation on Intra-Day MSO and MSCD are
archived under "Labels" at the sidebar.
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