Sentiment Index - Malaysia Stock Market

Constructed and Written by Smartbiz

Local sentiment turned bullish gaining support from property counters Friday. The Intraday Oscillator swung up and down on high plateau most of the day to end at +1.458.50; lost 256.99 when compares with its opening point. The Average recorded a gain of 1,566.99.

In MSCD, %K (Yellow) computed as +546.84 (+185.42), %D (Red) +323.08 (+99.55) and the Histogram +143.34 (+20.11).

Technical Analysis
After Friday’s trade, both indicators hooked upwards and the Histogram printed yet another longer bar in the positive area.

Market sentiment remained steady with total volume increased by 1.22% to 3.35 billion shares.

As exhibited in MSCD, bullish sentiment remained intact. However, Monday will be the T+3 due date of the 4.3 billion shares traded on last Wednesday. The status of absorption of the following sessions will decide for the sustainability of the bullish sentiment.

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