Sentiment Index - Malaysia Stock Market

Constructed and written by Smartbiz

Asia markets offered a split decision Thursday in cautious trading ahead of the highly anticipated European Central Bank decision. Chinese markets lower but Japan getting a boost from some sales and earnings results.

FBMKLCI weighed by profit taking on Genting, HLB and FGV fell into the red just before the break.  However, last few minutes buying lifted the index to end at 1,633.45 gained 0.98 points. Loser beat Gainer by 465 to 303. Total volume was 1.176 million shares.

Compare with yesterday, overall sentiment was weaker as the Oscillator slipped deeply into the red shortly after opening and never returned. The Oscillator ended at -334.94; lost 475.44 when compares with its opening point. The Average recorded a loss of 242.03.

MSCD: After today’s market, %K fell below %D again and the Histogram printed a new longer bar in the negative zone indicates market sentiment is losing strength.

Data are appended as below:

DATE	A_OSC	%K	%D	%A	HGM
26/7/2012	61.90	117.58	73.17	77.20	20.72
27/7/2012	53.30	91.30	63.80	72.45	22.08
30/7/2012	152.85	53.75	47.74	64.26	18.86
31/7/2012	87.92	31.96	37.69	58.73	13.94
1/8/2012	101.83	42.70	42.44	60.30	11.21
2/8/2012	242.03	73.36	57.23	66.90	12.19
LAST+-	140.20	30.66	14.79	6.61	0.98

Conclusion:

Based on charts, market sentiment has the tendency to move into a longer period of bearishness once %D fell and cut %A. Small-caps and low-liners, except some news-driven counters, seem couldn’t get a broader support from investors.

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