Sentiment Index - Malaysia Stock Market

Constructed and Written by Smartbiz

Regional markets traded in high gains today on IMF’s promise to help to ease about Europe's funding difficulties. On the contrary, local sentiment continued to defy the trend with the Oscillator opened high but eventually slid into the red again. However, last minute pull enable it to end at +34.53; lost 621.28 when compares with its opening point. The Average recorded a loss of 20.12.

In MSCD, %K (Yellow) computed as -82.13 (+11.27), %D (Red) -55.97 (+2.87) and the Histogram +2.60 (-7.19).


Technical Analysis
After today’s trade, both indicators were almost unchanged and the Histogram printed another shorter bar.

Market sentiment remained weak but traded in higher volume, today. Fortunately, the gap between gainer and loser was small. Selling was well absorbed due to some window-dressing. Sentiment will improve tomorrow but gains limited.

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