Sentiment Index - Malaysia Stock Market

Constructed and written by Smartbiz 

Intraday Oscillator: Local sentiment lost strength again due to selling of low-liners. The Oscillator slid but closed off-low at +107.74, lost 122.80 compared to its opening point at +230.54. The Average recorded as +85.69; gained 39.59 compared to +46.10 of the previous session.

MSCD: After today’s market, %K continued to move higher and the Histogram continued to print positive bars.

MSCD data are appended as below:
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DATE	A_OSC	%K	%D	%A	HGM
12/6/2012	-86.27	-112.99	-125.01	-117.92	-12.29
12/7/2012	55.88	-87.01	-111.60	-111.60	-4.92
12/10/2012	26.86	-69.50	-101.34	-106.56	2.43
12/11/2012	46.10	-51.72	-90.42	-101.01	9.69
12/13/2012	85.69	-30.59	-77.37	-94.22	17.10
LAST+-	39.59	21.13	13.05	6.79	7.42

Analysis: MSCD shows the optimism stays with strong momentum. However, volume is below expectation as market was plagued by the impending General Election.

Now that FBMKLCI has stayed above the 50MAV and the 200MAV, OSK said the negative bias from November has eased significantly and the index has regained more than 62% of the decline.

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