Asian markets were mostly trading sideways this morning following the strong gains yesterday. At the break, Japan market eked out 0.61%, Hong Kong down 0.21% and Singapore added 0.11%.However, Malaysian market bucked the trend with buying on key heavyweights and selected lower liners. Among the top gainers are Sime Darby, Telekom Malaysia and IOI Corp. The KL Composite Index surged as high as 1,044.77 around 10:20 am this morning then gradually moved slightly lower to end at 1,038.00 gained another 14.51 pts or 1.42%. Volume increased by 190 mln shares to 1,069 mln shares.
The Intra-Day Sentiment Oscillator shows investors were not really convinced by the sharp rise of the Index. Volume subdued swiftly with the Oscillator sliding. The Oscillator finished flat at +143.22 lost 1,001.52 points when compares with the starting point at +1,144.74.
This afternoon, buyers, tempted by the sharp improvement of heavyweights, should emerge to nib on lower liners thus push up the Oscillator. (Constructed and shared by Smartbiz)
No comments:
Post a Comment