Sentiment Index - Malaysia Stock Market

Constructed and written by Smartbiz

Intraday Oscillator: The Oscillator was subdued by profit taking before the break at the backdrop of the record breaking KLCI. Only last minute buying lifted it to end at +47.57; lost 92.56 compared to its opening point at +140.14. The Average recorded a gain of 24.69; up 36.11 when compared with -11.42 of the previous session.

MSCD: After today’s market, %K continues to move higher to cut %D. %D is slightly above %A now. The Histogram printed yet another shorter bar in the negative zone.

MSCD data are appended as below:

DATE	A_OSC	%K	%D	%A	HGM
14/8/2012	100.97	77.79	67.25	66.21	11.59
15/8/2012	262.90	106.26	81.75	73.36	14.17
16/8/2012	46.22	82.81	72.27	69.01	13.45
17/8/2012	11.42	71.83	67.76	66.92	11.57
22/8/2012	24.69	56.99	60.91	63.59	8.47
LAST+-	36.11	14.85	6.85	3.33	3.10

Conclusion:

Based on charts, market sentiment is better now but support remains wavering as number of gainer and loser varies insignificantly. Volume stays around 1.4 billion shares is acceptable especially when a lot of investor are still enjoying their holidays. However, market development is still plagued by uncertainties.

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