Sentiment Index - Malaysia Stock Market

Constructed and Written by Smartbiz

Friday, local sentiment turned stronger before closing due to last minute window-dressing. The Oscillator climbed to end at its day-high at +418.92; gained 241.81 when compares with its opening point. The Average recorded a gain of 188.48.

In MSCD, %K (Yellow) computed as -12.87 (+36.59), %D (Red) -70.48 (+20.72) and the Histogram -1.73 (+14.84).

Technical Analysis
After today’s trade, both indicators moved higher and prepared to crossover the zero level. The Histogram printed another shorter bar in the negative zone.

Market sentiment should continue to cheer into year of 2012 in the following sessions as the key index, FBMKLCI, has surpassed the psychological level and ended at 1,523.35. Once the index stays above this level for another few sessions, penny stocks will follow.

(Note: Explanation for Intra-Day MSO and MSCD are archived under "Labels" at the lower portion of the sidebar.)