Sentiment Index - Malaysia Stock Market

Constructed and written by Smartbiz 

Intraday Oscillator: Market sentiment gradually picked up before closing as the key index making new high again. Small caps followed blue chips mostly traded with gains but ACE counters continued to suffer from profit taking. The Oscillator finished at its day-high at +280.18 gained 276.77 compared to its opening point at +3.41. The Average recorded a gain of 80.59; improved by 194.85 points compared to -114.26 of the previous session.

MSCD: After today’s market, %K rebounded but the Histogram continued to print another shorter bar in the positive zone.

MSCD data are appended as below:

DATE	A_OSC	%K	%D	%A	HGM
10/18/2012	134.19	23.80	-27.22	-60.16	40.23
10/19/2012	-234.18	-15.88	-42.55	-66.49	37.52
10/22/2012	-372.62	-70.74	-67.01	-77.62	29.27
10/23/2012	-114.26	-77.44	-70.51	-78.95	22.03
10/24/2012	80.59	-53.13	-59.32	-73.15	18.86
LAST+-	194.85	24.30	11.20	5.80	-3.17

Conclusion: Market sentiment returned to positive notes but buying were concentrated on blue chips and small caps. MSCD shows that sentiment remains resilient with the support of the record-making key index. As %D is still staying above %A, the mid-term uptrend is intact. However, the strong base has been eroded by several weak sessions before, sentiment will become vulnerable to external effect now.

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