Sentiment Index - Malaysia Stock Market

Constructed and written by Smartbiz 

Intraday Oscillator: Market sentiment subdued at the backdrop of a record making key index, today. Low-liners retreated with ACE counters mostly turned into losers. The Oscillator slid to end at -278.81; lost 327.84 compared to its opening point at +49.03. The Average recorded a loss of 234.18; weakened by 368.37 points compared to +134.19 of the previous session.

MSCD: After today’s market, %K hooked down and the Histogram printed a shorter bar but stays in positive zone.

MSCD data are appended as below:

DATE	A_OSC	%K	%D	%A	HGM
10/15/2012	-194.64	-44.94	-67.31	-82.60	37.97
10/16/2012	44.48	-31.19	-59.03	-77.98	35.95
10/17/2012	195.92	3.74	40.14	-68.02	37.53
10/18/2012	134.19	-23.80	-27.22	-60.67	40.23
10/19/2012	-234.18	-15.88	-42.56	-66.98	37.52
LAST+-	-368.37	-39.68	-15.34	-6.31	-2.71

Conclusion: MSCD shows the uptrend remains intact as both %K and %D were above their long-term peers. However, there shall be no significant movement for market sentiment in near future due largely to the global uncertainties. On top of this, the record-making index has exerted some pressure to the sentiment as most investors were in doubt of the sustainability given the fact that there is no obvious reason for it to run so fast.

Note: Explanation on Intra-Day MSO and MSCD are archived under "Labels" at the sidebar.