Sentiment Index - Malaysia Stock Market

Constructed and written by Smartbiz

Asian stocks staged a broad-based advance Monday, extending gains made at the end of last week. European leaders signaled that they are prepared to take stronger action to curb the region’s debt crisis provide new hopes to the markets.

Local sentiment was indifferent to the 1.5% gain of Dow Jones but progressed in cautious mode. However, the Oscillator managed to end at its day-high at +261.44; gained 50.40 when compares with its opening point. The Average recorded a gain of 152.85.

After today’s trade, all line indicators edged higher but the Histogram printed a shorter bar in the negative zone.

Data for MSCD are appended as below:

DATE	A_OSC	%K	%D	%A	HGM
23/7/2012	432.61	66.26	38.51	62.18	7.54
24/7/2012	245.60	93.84	53.85	68.85	1.96
25/7/2012	460.25	150.20	83.97	83.08	14.82
26/7/2012	61.90	117.58	73.16	77.81	20.74
27/7/2012	53.30	91.30	63.79	73.04	22.09
30/7/2012	152.85	53.75	47.74	64.83	18.87
LAST+-	99.55	37.55	16.05	8.21	3.22

Conclusion: FBMKLCI was in choppy trading but last minute buying pushed it to end at its day-high at 1,632.35 gained 7.41 points. Overall sentiment was mild today with Gainer beats Loser by 426 to 305. Total volume increased to 1.22 million shares.

In MSCD, %K edged higher but failed to cross over %D to defuse the short-term bearish mode. However, an initial positive signal has been transmitted by the Histogram after today’s market.

Market sentiment has the potential to turn positive supported by small-caps and low-liners as the key index has stabilized. Nevertheless, sustainability should be brief.

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