Sentiment Index - Malaysia Stock Market

Constructed and written by Smartbiz

Intraday Oscillator: Market sentiment continued to subside in pessimism as the key index lost another 23 points today. The Oscillator traveled deep into the red to end at -1,333.24; lost 1,031.07 compared to its opening point at -302.16. The Average recorded a loss of 1,110.83 down another 134.09 points when compared with -976.74 of the previous session.

MSCD: After today’s market, %K accelerated into the cliff and seems the bottom is still remote. The Histogram printed a long bar in the negative zone.

MSCD data are appended as below:

DATE	A_OSC	%K	%D	%A	HGM
30/8/2012	277.51	155.89	117.77	92.70	24.83
3/9/2012	201.83	162.95	124.00	96.67	27.66
4/9/2012	239.11	174.67	132.53	101.85	30.55
5/9/2012	976.74	298.03	195.08	133.66	45.03
6/9/2012	1110.83	423.04	262.94	169.19	68.04
LAST+-	134.09	125.01	67.86	35.53	23.01

Conclusion:

Market continued its bloodbath across the board with only 157 gainers against 739 losers at the end of the day. Fortunately, volume remained at the same level and losses were not significant in terms of value.

In fact, it is a good time for opportunists to grasp cheap stocks when market is under correction. But, the question is when and which? First and foremost, FBMKLCI must rebound from the 1,600 level, else, more selling will be seen.

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