Sentiment Index - Malaysia Stock Market

Constructed and written by Smartbiz

Most Asian markets advanced Tuesday on continued hopes for policy easing from major global central banks and some positive earnings reports. Defying the regional trend for the second time this week, China’s Shanghai Composite Index dropped 0.3% to 2,103.63, finishing at its worst level since March 2009.

FBMKLCI progressed in negative zone most of the day weighted by Petronas-related and Plantation counters to end at 1,631.60 lost 0.75 points. But, Gainer beats Loser by 418 to 350. Total volume was 1.175 million shares.

Overall sentiment was upbeat in the morning session but receded after the break. Only last hour buying pulled the Oscillator to end at +140.47; lost 132.03 when compares with its opening point. The Average recorded a gain of 87.92.

MSCD: After today’s market, %K edged higher and marginally above %D now. The Histogram printed another shorter bar but remained in the red.

Data are appended as below:

DATE	A_OSC	%K	%D	%A	HGM
24/7/2012	245.60	93.84	53.86	68.45	1.96
25/7/2012	460.25	150.20	83.97	82.70	14.81
26/7/2012	61.90	117.58	73.16	77.44	20.73
27/7/2012	53.30	91.30	63.79	72.68	22.09
30/7/2012	152.85	53.75	47.74	64.48	18.87
31/7/2012	87.92	31.96	37.69	58.94	13.95
LAST+-	64.94	21.79	10.05	5.54	4.92

Conclusion:

Based on charts, market sentiment was neutral with buying support gradually emerges. So far, the base remains intact as it saves from falling into a mid-term bearishness. But, any advance should be minimal as market is plagued by internal and external uncertainties.

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