Sentiment Index – Malaysia Stock Market

Constructed and written by Smartbiz

The gain of the bellwether FBMKLCI failed to lift market sentiment as investors waiting for clearer picture after the 428 Bersih3. The Intraday Sentiment Oscillator slid to end at -191.71; lost 296.70 when compares with its opening point. The Average recorded a loss of 95.67.

In MSCD, %K (Yellow) computed as -306.37 (+38.30), %D (Red) -274.82 (+14.34) and the Histogram -24.47 (-1.77).

After today’s market, both key indicators edged higher but the Histogram continued to print longer bar in the negative area.

Market sentiment has stabilized as %K rebounds before touching the support. The shrinking volume in a weak market is a sign that sellers have held back their positions while waiting for clearer indication. However, charts show the base remains weak and sentiment is still vulnerable for adverse impact.

(Note: Explanation on Intra-Day MSO and MSCD are archived under “Labels” at the sidebar.)

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