Sentiment Index - Malaysia Stock Market

Constructed and Written by Smartbiz

Local sentiment lost strength from strong opening with the Intraday Oscillator slid into the red after break. The oscillator ended at -548.53; lost 1,552.10 when compares with its opening point. The Average recorded a gain of 63.52.

In MSCD, %K (Yellow) computed as -65.88 (+23.52), %D (Red) +18.85 (+3.57) and the Histogram -29.99 (-13.68).

MSCD - Technical Analysis

After today’s trade, both indicators edged slightly higher but the Histogram continued to print shorter bars in the positive area.

The fact that total volume has decreased to less than two billion shares is evident that investor’s enthusiasm has receded. Market sentiment proceeded into a consolidation stage whereby handful of theme plays will be seen. Meantime, plantation stocks seem quite active after property counters.

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