Sentiment Index - Malaysia Stock Market

Constructed and Written by Smartbiz

Local sentiment followed its peers progressed in uncertainty in the morning session, Friday. But, selling was swiftly absorbed by investors as volume jumped to over two billion shares at the close. After the break, the Oscillator zigzagged upwards to end at its day-high at +451.98; gained 166.20 when compares with its opening point. The Average recorded a gain of 165.75.

In MSCD, %K (Yellow) computed as +128.33 (+6.80), %D (Red) +52.91 (+9.03) and the Histogram +34.32 (+10.28).

Technical Analysis
After today’s trade, both indicators were flat. The Histogram printed yet another longer bar in the positive area.

Market sentiment remained plausible though weakening by profit taking. However, the failure of %K to break through its resistance is a concern given a significant increase in volume today.

Based on MSCD, investor confidence was gradually being built after recent short consolidation. Confidence will be uplifted by rotational play on laggards albeit continuous profit taking on gainers.

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