Sentiment Index - Malaysia Stock Market

Constructed and written by Smartbiz

Stocks climbed sharply across Asia on Thursday as technology firms got a boost from U.S. corporate results. But, local sentiment continued to be lackluster with the Oscillator slid into negative zone before the break. But, again, last minute buying pulled it to end at +21.47; lost 179.30 when compares with its opening point. The Average recorded a gain of 2.54.

After today’s trade, %K was flat and both %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
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	55.31	21.63
18/7/2012	6.30	9.87	4.36	53.07	20.15
19/7/2012	2.54	8.74	3.84	51.05	18.64
LAST+-	3.76	1.13	0.51	2.02	1.51

Conclusion: Market sentiment remained cautious in anticipating of a meaningful correction. Minutes before closing profit taking pressed the index fell into the red but Gainer beats Loser by 389 to 378.

In MSCD, all indicators moved sideways depicting an indecisive market. Fundamentally, Malaysia market has been envisaged as an overvalued market and devaluation should be carried out soon.

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