Sentiment Index - Malaysia Stock Market

Constructed and written by Smartbiz 

Intraday Oscillator: Local sentiment continued its negative tone as the major index slipped into the red again today. The Oscillator slid to end at -258.76, lost 229.40 compared to its opening point at -29.35. The Average recorded as -204.96; lost 74.61 compared to -130.35 of the previous session.

MSCD: After today’s market, %K fell deeper but the Histogram printed a slightly shorter bar in the negative zone.

MSCD data are appended as below:
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DATE	A_OSC	%K	%D	%A	HGM
11/15/2012	-167.77	-138.30	-111.80	-102.74	-24.22
11/19/2012	-117.15	-135.04	-112.20	-103.27	-23.94
11/20/2012	-5.84	-115.17	-104.32	-99.72	-21.33
11/21/2012	-130.35	-117.51	-106.25	-100.84	-19.31
11/22/2012	-204.96	-130.96	-113.56	-104.62	-18.93
LAST+-	-74.61	-13.45	-7.31	-3.79	0.38

Analysis: MSCD shows market sentiment turns weaker after the consistent loss of the major index. Retailers were wary of the weak index and sidelined today.

Investors are keeping an eye on the 1,600 level. Once this level was broken market would be considered as a bear market.

Note: Explanation on MSCD can be found under "Label" at the sidebar.