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ASEAN STOCK WATCH 27 April 2010

Shayne Heffernan
www.livetradingnews.com

After a strong week ASEAN Markets should consolidate today with the exception of Thailand that will come under continued selling pressure. Over night the USA traded flat after posting early gains and that momentum will spill over into ASEAN Markets today.

The Stock Exchange of Thailand (SET) composite index moved down 9.76 points, or 1.29 percent, to close at 764.34 points on Monday. Some 2.00 billion shares worth 18.29 billion baht (about 571 million U.S. dollars) changed hands. The Thai stock exchange says 34 listed companies that had planned annual shareholder meetings in the city have changed their plans because of safety concerns.

Economic growth in Thailand, Southeast Asia’s second-biggest economy, could be cut by 0.64 percentage point this year if the mass protest is prolonged for up to three months, according to a preliminary government estimate.

The Jakarta Composite Index on Monday closed at another record high even as investors turned away from top-tier stocks to second-tier companies that offered better value, analysts said.

The JCI gained 19.98 points, or 0.7 percent, to close at 2,944.71.

Volume was moderate. Some 6.9 billion shares worth Rp 3.9 trillion ($432.9 million) changed hands. Gainers outnumbered decliners 129 to 73.

Stocks and emerging market currencies were also supported by news from Greece that the country wouldn’t restructure its debt, and that bailout money in the form of an aid package from the International Monetary Fund would be available to it “rather soon.”

The rupiah touched Rp 8,989 against the US dollar, its highest level since July 2007, before finishing little changed at Rp 9,005.

Philippine stocks closed 1.48 percent higher on Monday.

The benchmark Philippine Stock Exchange index increased by 48. 14 points to 3,292.59. The all-share index went up by 25.20 points, or 1.25 percent, to 2,043.12. In Manila, the biggest oil refiner Petron Corp (PCOR) surged 10 percent after San Miguel Corp (SMCB) unveiled plans on Monday to take a significant stake in Petron, stepping up the conglomerate’s transformation into a heavy industry group.

The trade volume reached 949.7 million shares worth 3.60 billion pesos (81.05 million U.S. dollars).

Vietnam’s stock market index, VN-Index, closed at 531. 21 points on Monday, up 1.9 points, or 0.36 percent, against the previous trading day.

A total of 69.63 million shares worth 2.62 trillion Vietnamese dong (VND) (138.1 million U.S. dollars) changed hands at the Ho Chi Minh City Stock Exchange.

The shares prices in Singapore rose 14.13 points or 0.47 percent on Monday with the benchmark Straits Times Index ( STI) closing at 3,002.62 points.

The city state’s factory output grew by double-digits from a year ago as the trade-dependent economy continues its rebound from its worst ever-recession last year. Commodities firms were among gainers.

The overall volume stood at 2.05 billion shares worth 1.53 billion Singapore dollars (about 1.12 billion U.S. dollars).

The Malaysia stock market ended higher here on Monday.

The Kuala Lumpur Composite Index (KLCI) was at 1,340.07 up 3.29 points or 0.25 percent, and the Emas was at 9,095.43 up 20.96 points or 0.23 percent.

Turnover decreased to 799.91 million shares valued at 936.06 million ringgit Malaysia (293.99 million U.S. dollars).

Global Markets By Region

 

Americas
Price
Change (%)
1 Year %
Last Updated
flag
Toronto Composite
12,274.85
+35.21 (0.29%)
+28.54%
Apr 26, 4:00pm
flag
Mexican Bolsa IPC Index
33,757.61
+240.43 (0.72%)
+49.49%
Apr 26, 4:00pm
flag
Brazil Bovespa Index
68,924.42
-585.07 (-0.84%)
+47.36%
Apr 26, 4:00pm
flag
Argentina Merval Index
2,434.30
-12.73 (-0.52%)
+93.32%
Apr 26, 4:00pm
flag
Chile IPSA Index
3,827.36
-8.66 (-0.23%)
+42.80%
Apr 26, 4:00pm

Asian Pacific
Price
Change (%)
1 Year %
Last Updated
flag
Nikkei 225 Index
11,165.79
+251.33 (2.30%)
+28.22%
Apr 26, 4:00pm
flag
ASX All Ordinaries
4,913.50
+0.00 (0.00%)
+33.95%
Apr 26, 4:00pm
flag
Seoul Composite
1,752.20
+15.17 (0.87%)
+29.40%
Apr 26, 4:00pm
flag
Hong Kong Hang Seng
21,587.06
+342.57 (1.61%)
+41.47%
Apr 26, 4:00pm
flag
Shanghai
2,969.50
-14.03 (-0.47%)
+21.27%
Apr 26, 4:00pm
flag
Taiwan Weighted
8,158.14
+153.25 (1.91%)
+38.73%
Apr 26, 4:00pm
flag
Singapore Straits Times
3,002.62
+14.13 (0.47%)
+62.05%
Apr 26, 4:00pm
flag
Bombay Sensex Index
17,745.28
+0.00 (0.00%)
+56.64%
Apr 26, 4:00pm
flag
Jakarta Composite
2,944.71
+0.00 (0.00%)
+85.05%
Apr 26, 4:00pm
flag
Kuala Lumpur Composite
1,340.07
+3.29 (0.25%)
+35.00%
Apr 26, 4:00pm
flag
PSE Composite
3,292.59
+55.02 (1.70%)
+56.52%
Apr 26, 4:00pm
flag
Sri Lanka All Share
4,136.05
+58.50 (1.43%)
+124.17%
Apr 26, 4:00pm

Europe
Price
Change (%)
1 Year %
Last Updated
flag
FTSE 100 Index
5,753.85
+30.25 (0.53%)
+38.45%
Apr 26, 4:00pm
flag
Paris CAC 40
3,997.39
+46.09 (1.17%)
+28.83%
Apr 26, 4:00pm
flag
Frankfurt Index
6,332.10
+72.57 (1.16%)
+35.47%
Apr 26, 4:00pm
flag
Milan BCI General
15,743.00
+0.00 (0.00%)
+6.21%
Apr 25, 5:30pm
flag
Belgium 20 Index
2,656.28
+12.14 (0.46%)
+35.81%
Apr 26, 4:00pm
flag
Swiss Market Index
6,803.74
+35.77 (0.53%)
+33.07%
Apr 26, 4:00pm
flag
OSE Norway All Share
444.01
+2.12 (0.48%)
+53.70%
Apr 26, 4:00pm
flag
ATX Vienna
2,758.14
+57.04 (2.11%)
+48.23%
Apr 26, 4:00pm
flag
Amsterdam Total Return General
357.43
+4.05 (1.15%)
+49.34%
Apr 26, 4:00pm
flag
Madrid General
1,132.12
+1.68 (0.15%)
+22.80%
Apr 26, 4:00pm
flag
Stockholm General Index
337.54
+0.57 (0.17%)
+40.21%
Apr 26, 4:00pm

Africa/Middle East
Price
Change (%)
1 Year %
Last Updated
flag
Israel TA 100 Index
1,136.27
-2.39 (-0.21%)
+55.04%
Apr 26, 10:45am
flag
TEL-TECH INDEX
325.68
+1.46 (0.45%)
+69.10%
Apr 26, 10:45am
flag
TEL-TECH-15 INDEX
282.72
+1.24 (0.44%)
+60.71%
Apr 26, 10:45am

 


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