Sentiment Index - Malaysia Stock Market

Constructed and written by Smartbiz

Asia markets surged Friday, with sentiment buoyed by a pledge from the European Central Bank to keep the euro zone intact.  A record profit result from South Korean tech giant Samsung Electronics Co also helps to boost technology stocks.

Local sentiment opened in positive tone but lost strength again as the key index slid into the red just before the break. However, the Oscillator managed to end in black at +53.30; lost 318.85 when compares with its opening point. The Average recorded a gain of 61.90.

After today’s trade, all line indicators moved higher but the Histogram printed yet another longer bar in the negative zone.

Data for MSCD are appended as below:

DATE	A_OSC	%K	%D	%A	HGM
20/7/2012	46.01	0.32	6.97	47.52	16.37
23/7/2012	432.61	66.26	38.51	61.52	7.54
24/7/2012	245.60	93.84	53.85	68.22	1.96
25/7/2012	460.25	150.20	83.97	82.47	14.82
26/7/2012	131.60	147.34	87.50	84.26	23.82
27/7/2012	61.90	115.16	76.43	78.94	26.80
LAST+-	193.50	32.18	11.07	5.31	2.98

Conclusion: FBMKLCI slipped into the red at midday, dragged down by profit taking in Telekom Malaysia, Maxis, plantations and some banks. However, the index managed to return to the black at closing with gains of 1.03 point to 1,624.94. Overall sentiment was mixed today with Gainer beats Loser by 396 to 365. Total volume is 0.97 million shares.

In MSCD, %K edged higher but slightly below the uptrend channel. %D is marginally above %A now.

Market sentiment gradually recovered from pure pessimism but proceeded in cautiousness. The short–term bearishness will continue until %K returns to the uptrend channel and crosses over %D again.

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