Malaysia Stock Market – End of the Day

Market situation remained the same with challenge of tug-of-war still unresolved. But the last minute buying in high volume gave some hope that market would be having a clearer picture, next week.

Asian stock markets rose Friday as stronger growth in China's manufacturing suggested the world's No. 2 economy isn't slowing as sharply as feared.

Providing a lift to sentiment was news that growth in China's manufacturing industries gathered pace in September, easing fears of a significant slowdown in the world's No. 2 economy. Japan added to the optimism by reporting a fall in unemployment. (Yahoo)

After 5.00pm, Japanese market gained 0.37%, China 1.72%, Singapore 1.08% but Hong Kong lost 0.09%.

At the local front, FBMKLCI almost touched the 1,470 level after the first trading hour but immediately retreated to just above the neutral level due to profit taking. The index was seen zigzagging along the same level to finish at 1,466.32 (+2.82/0.19%). FBMKLCI Average (Pivot Point) was 1,466.81 (+3.18) and total volume 973m (-78m).

Market sentiment turned weaker immediately after a positive opening. The oscillator was soaking in the red but maintained at the same level for the rest of the session. However, last minute buying pulled it to finish at +223.66 gained 112.45; when compared with its starting point. The Average recorded a loss of 9.52.

Conclusion

In MSCD, 12EMA (yellow) edged up to -51.44 (+7.62), 26EMA (red) to -39.12 (+2.37) and the Histogram to -12.32 (+5.25).

After today’s trade, 12EMA hooked up slightly but stayed below 26EMA. The Histogram casts a shorter negative bar.

Market situation remained the same with challenge of tug-of-war still unresolved. But the last minute buying in high volume gave some hope that market would be having a clearer picture, next week.

Meantime, MSCD does not favor any deep sea fishing yet.

Constructed and Written by Smartbiz (Click on chart to view)

(Note: You can read the explanation for Intra-Day MSO and MSCD from the achieves under heading "Labels" at the lower portion of the sidebar.)