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Wednesday, November 21, 2012

Sentiment Index - Malaysia Stock Market

Constructed and written by Smartbiz 

Intraday Oscillator: Local sentiment failed to sustain its positive note but slipped into the red again as the key index stayed in low level most of the session. However, low-liners finished with more gainers in the last minute. The Oscillator accelerated its fall after the break but picked up just before closing to end at -129.08, lost 147.73 compared to its opening point at +18.65. The Average recorded as -130.35; lost 124.51 compared to -5.84 of the previous session.

MSCD: After today’s market, %K fell slightly and the Histogram continued to print shorter bar in the negative zone.

MSCD data are appended as below:

Analysis: MSCD shows market sentiment is progressing in cautiousness but gradually recovering. Low-liners tried to take the center stage amid a weak key index with nibbling seen during last minute trading.

Market is till plagued by uncertainties from US with violence in Middle-East added to the list.

Note: Explanation on MSCD can be found under "Label" at the sidebar. 

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