Sentiment Index - Malaysia Stock Market

Constructed and written by Smartbiz

Asian markets fell on Monday after US non-farm payroll showed only a slight improvement. Local sentiment followed regional trend was gloomy with the Intraday Sentiment Oscillator slid into the red to end at -277.77, lost 309.24 when compares with its opening point. The Average recorded a loss of 169.94.

After today’s trade, all line indicators in MSCD lost strength again and the Histogram printed a shorter bar.

Data for MSCD are appended as below:

DATE	A_OSC	%K	%D	%A	HGM
2/7/2012	255.80	13.07	27.40	96.36	43.62
3/7/2012	10.98	12.75	24.56	91.55	42.36
4/7/2012	128.03	30.48	13.25	83.57	42.64
5/7/2012	83.40	12.97	18.45	83.63	40.39
6/7/2012	246.89	48.94	1.21	71.18	41.87
9/7/2012	169.94	15.28	11.47	73.82	38.84
LAST+-	416.83	33.66	12.68	2.64	3.02

Conclusion: Market sentiment made a U-Turn with selling accelerated after the break today. Investors were weary after US job data showed the country’s economy has not been that promising.

In MSCD, %K failed to break its overhead barrier and hooked down but still staying above the zero level. The Histogram shows the swaying sentiment continues. However, overall market base built from March 2012 remains intact.

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