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Monday, September 24, 2012

Sentiment Index - Malaysia Stock Market

Constructed and written by Smartbiz

Intraday Oscillator: Market sentiment was affected by the sharp fall of the key index today. The sharp fall was due to Future sell-down by certain big fund according to analysts.  Though the index recovered most of its losses but market confidence has been hurt. The oscillator was seen lingering in tight range to end at -553.13; lost 87.94 compared to its opening point at -465.19. The Average recorded a loss of 514.70; lost 503.92 points compared to -10.78 of the previous session.

MSCD: After today’s market, %K fell below %D and the Histogram printed a longer bar in the negative zone.

MSCD data are appended as below:

18/9/2012 68.96 103.99 142.64 122.99 25.93
19/9/2012 6.14 88.94 132.52 118.74 12.03
20/9/2012 411.50 138.55 153.20 129.38 6.69
21/9/2012 10.78 118.90 142.64 125.07 0.60
24/9/2012 514.70 179.77 170.21 139.24 2.40
LAST+- 503.92 60.87 27.57 14.17 1.79


Market sentiment was hurt by unexpected sell-down of KLCI Future and slid into skepticism again. However, as the sell-down is not something fundamental, today’s response might be overdone.

As mentioned before, market base is fragile and will be easily be affected by adverse issue. Let’s see what will be the development of tomorrow’s market.

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

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