Sentiment Index - Malaysia Stock Market

Constructed and written by Smartbiz

Asian shares climbed Monday, joining in a global stock rally triggered by stronger U.S. economic data and optimism for progress in Europe. U.S. payrolls climbed more than forecast, according to wire reports.

FBMKLCI followed regional trend traded in positive mood and closed at 1,639.43 gained 4.39 points. The index was underpinned by consumers stocks with BAT, Dutch Lady and breweries among the top gainers while F&N rose to fresh record highs. At closing Gainer beat loser by 402 to 328. Total volume was 1.078 million shares.

Compare with yesterday, overall sentiment has significant improvement but gain was slashed by profit taking towards closing. The Oscillator stayed in positive area most of the time to end at +140.25; but lost 191.20 when compares with its opening point. The Average recorded a gain of 132.79.

MSCD: After today’s market, %K hooked up but remains under %D. However, %D rebounded save from triggering the mid-term bearishness guideline again. The Histogram printed a shorter bar in the negative zone.

Data are appended as below:

DATE	A_OSC	%K	%D	%A	HGM
30/7/2012	152.85	53.75	47.74	63.39	18.86
31/7/2012	87.92	31.96	37.69	57.89	13.94
1/8/2012	101.83	42.70	42.44	59.48	11.21
2/8/2012	242.03	73.36	57.23	66.12	12.19
3/8/2012	160.87	86.82	64.91	69.57	14.13
6/8/2012	132.79	53.04	50.26	62.21	11.86
LAST+-	293.66	33.78	14.65	7.36	2.27

Conclusion:

Based on charts, market sentiment is treading water and vulnerable to adverse issues. As evident by the daily volume, there is no clear indication that the climbing index will lure any more participation from investors. Investors were unflattering to any haphazard outcome as global financial situation is still messy.

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