Sentiment Index - Malaysia Stock Market

Constructed and written by Smartbiz 

Intraday Oscillator: Market sentiment was comparatively stronger than yesterday with buying interest emerged in ACE counters. The Oscillator was seen swaying up and down but last minute buying on ACE counters enabled it to finish off low at +215.19 lost 22.56 compared to its opening point at +237.75. The Average recorded a gain of 198.11; improved by 117.52 points compared to +80.59 of the previous session.

MSCD: After today’s market, %K edged higher with the Histogram printed a longer bar in the positive zone.

MSCD data are appended as below:

DATE	A_OSC	%K	%D	%A	HGM
10/19/2012	-234.18	-15.88	-42.55	-66.91	37.52
10/22/2012	-372.62	-70.74	-67.01	-78.02	29.27
10/23/2012	-114.26	-77.44	-70.51	-79.34	22.03
10/24/2012	80.59	-53.13	-59.32	-73.52	18.86
10/25/2012	198.11	-14.49	-40.24	-63.65	20.24
LAST+-	117.52	38.64	19.08	9.88	1.38

Conclusion: MSCD shows sentiment is picking up with the support in selective ACE counters. As %K has cut %D decisively, sentiment will continue to progress in positive notes. Retailers started to tread the water as evident by the increasing volume. However, supports are not strong enough to ensue any rally yet as all indicators are still submerging in the red.

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