Sentiment Index - Malaysia Stock Market

Constructed and written by Smartbiz

Fears that Greece may not receive further aid and rising worries over Spain prompted a deep, region-wide sell-off in the Asia Market. Among which, Hong Kong equities suffered a loss of 2.99% and Japan 1.86%. Local sentiment was deeply depressed by performance of its peers with the Oscillator sliding deeper and deeper in negative zone to end at -596.81; lost 405.12 when compares with its opening point. The Average recorded a loss of 432.61.

After today’s trade, all line indicators fell sharply with %K slipped into the red to cut %D. The Histogram printed yet another shorter bar near the neutral level.

Data for MSCD are appended as below:

DATE	A_OSC	%K	%D	%A	HGM
16/7/2012	272.94	18.30	3.04	53.65	23.10
17/7/2012	32.27	10.52	5.21	52.87	21.63
18/7/2012	6.30	9.87	4.36	50.72	20.15
19/7/2012	2.54	8.74	3.85	48.78	18.64
20/7/2012	46.01	0.32	6.97	48.68	16.37
23/7/2012	432.61	66.26	38.51	62.64	7.54
LAST+-	386.60	66.58	31.54	13.96	8.82

Conclusion: Market sentiment was hit heavily with selling pressure accelerated after the break. The key index lost 6.83 points and Loser beats Gainer by 565 to 194.

In MSCD, %K has fallen below %D to confirm a short-term bearishness. Market will sink into a longer term weakness once %D also fell below %A.

Meantime, analyst said the market is still very much driven by strong internal factors such as the upcoming general election, the 2013 Budget and the listing of another major initial public offering (IPO) in IHH Healthcare Bhd this week. Hopefully, this is just a temporary setback.

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