Sentiment Index - Malaysia Stock Market

Constructed and written by Smartbiz

Intraday Oscillator: Investors took their bets out of the table again after seeing the key index sliding back from a strong opening. The oscillator slid to end off low at -24.57; lost 321.62 compared to its opening point at +297.05. The Average recorded a loss of 10.78; gained 400.73 points compared to -411.50 of the previous session.

MSCD: After today’s market, %K hooked slightly up and the Histogram continued its bottom-rounding process.

MSCD data are appended as below:

DATE	A_OSC	%K	%D	%A	HGM
14/9/2012	523.51	110.35	148.53	125.87	42.08
18/9/2012	68.96	103.99	142.63	123.80	25.94
19/9/2012	6.14	88.94	132.52	119.52	12.03
20/9/2012	411.50	138.55	153.19	130.14	6.70
21/9/2012	10.78	118.90	142.64	125.80	0.61
LAST+-	400.73	19.65	10.55	4.34	6.09

Conclusion:

Market sentiment was tepid even regional markets had mostly recovered from yesterday’s losses. Investors disturbed by local uncertainty opted for profit taking on market strength. However, buying in higher volume during the last hour trade shows most investors were still comfortable with the present development.

Based on chart, market base remains intact as %K is still above %D.

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