Sentiment Index - Malaysia Stock Market

Constructed and written by Smartbiz

Intraday Oscillator: Market sentiment continued to be lackadaisical with the Oscillator lost strength from a positive opening and only last minute buying pushed it to end at +43.94; lost 96.19 compared to its opening point at +140.13. The Average recorded a gain of 24.75; improved by 113.84 points compared to -89.09 of the previous session.

MSCD: After today’s market, %K curved slightly higher but the Histogram printed a shorter positive bar.

MSCD data are appended as below:

DATE	A_OSC	%K	%D	%A	HGM
8/10/2012	124.59	37.69	80.98	93.28	37.41
9/10/2012	249.34	6.46	56.50	80.82	42.52
10/10/2012	125.89	13.90	61.64	82.46	43.57
11/10/2012	89.09	25.46	63.68	82.70	42.50
12/10/2012	24.75	17.74	57.12	78.80	41.88
LAST+-	113.84	7.72	6.55	3.91	0.62

Conclusion:

In MSCD, %K failed to stay above the zero level but sliding into the red again. This signal shows that market has lost strength after making some mild advances for the last few sessions. Due to the sluggish participation from investors market sentiment will be hardly in any exciting stage.

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