Sentiment Index - Malaysia Stock Market

Constructed and written by Smartbiz

Intraday Oscillator: The Oscillator opened in positive zone but gradually subsided into the red. Though last minute support was seen but failed to lift up the Oscillator from the wet.  The oscillator ended at -174.37; lost 353.08 compared to +178.71 its opening point. The Average recorded a loss of 77.99; not much different from that of the last session.

 

MSCD: The line indicators continued to move sideways with %K crawling below %D. The Histogram printed a slightly shorter bar in the negative zone.

MSCD data are appended as below:

DATE	A_OSC	%K	%D	%A	HGM
7/8/2012	315.71	93.44	69.92	69.25	14.21
8/8/2012	2.40	78.70	64.56	66.64	14.19
9/8/2012	39.18	72.62	62.68	65.64	13.34
10/8/2012	73.64	72.78	63.49	65.93	12.53
13/8/2012	77.99	73.58	64.57	66.37	11.83
LAST+-	4.35	0.80	1.07	0.44	0.70

Conclusion:

Based on charts, market sentiment remains unexcited in scarce participation despite of the record high index. Investors mostly concentrated on index-linked counters with just a handful of low-liners emerged with slight gains from here and there. Most of the gains were not sustainable as the frying pans were unable to heat up.

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