Malaysia Stock Market – End of the Day

All indicators of MSCD returned to the black in one indicating a firm bullish reversal has on the run. Investors decided to take advantage of the mild FBMKLCI consolidation process and jumped into the market, mostly focus on low liners.

Asian stocks shot to a two-year high on Monday, boosted by interest in emerging markets, while the dollar edged up after last week's selloff though speculation the Federal Reserve will add to money supply was still rife.

By contrast, Chinese manufacturing activity has held up surprisingly well, keeping investors confident about the region's prospects and pushing up the MSCI index of Asian stocks outside Japan to the highest level since June. (Yahoo)

After 5.00pm, Hong Kong market edged up 1.17%, Singapore 0.85% but Japanese market lost 0.25%. Chinese market closed for holiday.

At the local front, FBMKLCI stayed at high plateau in most of the session after opening with more than 8 points gain. However, last hour selling pushed it down to end at its day-low at 1,462.27 (-4.05/0.28%). FBMKLCI Average (Pivot Point) was 1,466.48 (-0.33) and total volume 1369m (+396m).

Market sentiment was able to sustain its high tone, today, with the oscillator stayed high throughout the whole session. The oscillator finished at +682.38 lost 54.16; when compared with its starting point. The Average recorded a gain of 681.42.

Conclusion

After today’s trade, K% (12EMA, yellow) was recorded as +61.27 (+112.71), D% (26EMA, red) +14.22 (+2.37) and the Histogram +47.05 (+59.32).

All indicators of MSCD returned to the black in one indicating a firm bullish reversal has on the run. Investors decided to take advantage of the mild FBMKLCI consolidation process and jumped into the market, mostly focus on low liners.

Market enthusiasm will be sustainable so long as the key index continues to undergo gradual correction.

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.)