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ASEAN STOCK WATCH 28 April 2010

Shayne Heffernan
www.livetradingnews.com

Stocks tumbled around the world as credit-rating downgrades of Greece and Portugal fueled concern debt-laden nations are moving closer to default. Goldman Sachs hearing before Senators began in Washington. This will bring a lot of selling pressure in the morning session in ASEAn but by the afternoon session we may see much of the losses recovered.

The Stock Exchange of Thailand (SET) composite index moved down 2.34 points, or 0.31 percent, to close at 762.00 points on Tuesday.Some 2.06 billion shares worth 13.31 billion baht (about 415 million U.S. dollars) changed hands. The stock market has been volatile, despite a good start to the quarterly results season. Stocks were down around 0.30 percent at the close, in line with other regional markets.

Political unrest kept investors on edge. Anti-government protesters forced Bangkok’s elevated railway system to shut for a while on Tuesday, and the government warned of tougher operations to quell growing unrest in a seven-week crisis that has killed 26 people.

In Singapore investors have been selling stakes to make way for upcoming IPOs, including a $1.2 billion offer from China’s New Century Shipbuilding. Top lender DBS Group DBS.SI rose 0.3 percent as officials said the company would invest up to $150 million in a fund being launched by Hong Kong-based Myo Capital that will pick distressed debt in Asia-Pacific excluding Japan.

The shares prices in Singapore ended lower on Tuesday with the benchmark Straits Times Index (STI)falling 10.94 points to close at 2,991.68 points. The overall volume stood at 1.75 billion shares worth 1.39 billion Singapore dollars (about 1.02 billion U.S. dollars).

Indonesian shares closed lower by 5.410 points, or 0. 19 percent lower, to a level of 2,939.299 points on Tuesday. Some 120,575 transactions were booked today at a volume of 6. 477 billion copies of share worth 3.945 trillion rupiah (about 438. 4 million U.S. dollars).

A 1.7 percent fall in market heavyweight Astra International (ASII.JK) and a 4.8 percent drop in Goodyear Indonesia (GDYR.JK) brought the market down from a record high close the previous session.

The Malaysia stock market ended lower here on Tuesday. The Kuala Lumpur Composite Index (KLCI) was at 1,339.72 down 0.35 points or 0.03 percent, and the Emas was at 9,072.49 down 22.93 points or 0.25 percent. Turnover increased to 975.471 million shares valued at 1.194 billion ringgit Malaysia( 374.29 million U.S. dollars). The fall was led by banking shares, with a 0.3 percent fall in both CIMB Group (CIMB) and Public Bank (PUBM).

Vietnam’s stock market index, VN-Index, closed at 535. 72 points on Tuesday, up 4.51 points, or 0.85 percent, against the previous trading day.

A total of 57.6 million shares worth 2.26 trillion Vietnamese dong (VND) (125.06 million U.S. dollars) changed hands at the Ho Chi Minh City Stock Exchange.

Philippine stocks closed 0.46 percent higher on Tuesday. The benchmark Philippine Stock Exchange index increased by 15.12 points to 3,307.71. The all-share index went up by 7.44 points,or 0.36 percent, to 2,050.56.

The trade volume reached 3.11 billion shares worth 3.30 billion pesos (74,69 million U.S. dollars).

Philippine Long Distance Telephone Co. (PLDT) (TEL) rose 1.4 percent, while Manila Metro Bank (MBT) gained 3.9 percent. The country’s largest lender by assets, Banco de Oro Unibank Inc (BDO), which more than doubled net profit forbthe March quarter, rose 2.4 percent.

Global Markets By Region

Americas
Price
Change (%)
1 Year %
Last Updated
flag
Toronto Composite
12,174.60
-106.37 (-0.87%)
+29.59%
Apr 27, 3:00pm
flag
Mexican Bolsa IPC Index
33,152.57
-618.98 (-1.83%)
+51.89%
Apr 27, 3:00pm
flag
Brazil Bovespa Index
67,167.32
-1704.62 (-2.48%)
+46.59%
Apr 27, 3:00pm
flag
Argentina Merval Index
2,387.58
-49.35 (-2.03%)
+91.85%
Apr 27, 3:00pm
flag
Chile IPSA Index
3,801.28
-25.65 (-0.67%)
+42.82%
Apr 27, 3:00pm

Asian Pacific
Price
Change (%)
1 Year %
Last Updated
flag
Nikkei 225 Index
11,212.66
+46.87 (0.42%)
+28.49%
Apr 27, 3:00pm
flag
ASX All Ordinaries
4,913.30
+0.00 (0.00%)
+33.15%
Apr 27, 3:00pm
flag
Seoul Composite
1,749.55
-2.65 (-0.15%)
+30.58%
Apr 27, 3:00pm
flag
Hong Kong Hang Seng
21,261.79
-325.27 (-1.51%)
+43.27%
Apr 27, 3:00pm
flag
Shanghai
2,907.93
-61.57 (-2.07%)
+20.89%
Apr 27, 3:00pm
flag
Taiwan Weighted
8,146.44
-11.70 (-0.14%)
+42.79%
Apr 27, 3:00pm
flag
Singapore Straits Times
2,991.68
-10.94 (-0.36%)
+64.50%
Apr 27, 3:00pm
flag
Bombay Sensex Index
17,690.62
-54.66 (-0.31%)
+55.57%
Apr 27, 3:00pm
flag
Jakarta Composite
2,939.30
-5.41 (-0.18%)
+86.49%
Apr 27, 3:00pm
flag
Kuala Lumpur Composite
1,339.72
-0.35 (-0.03%)
+36.69%
Apr 27, 3:00pm
flag
PSE Composite
3,307.71
+15.12 (0.46%)
+58.60%
Apr 27, 3:00pm
flag
Sri Lanka All Share
4,134.46
-1.59 (-0.04%)
+128.13%
Apr 27, 3:00pm

Europe
Price
Change (%)
1 Year %
Last Updated
flag
FTSE 100 Index
5,603.52
-150.33 (-2.61%)
+34.47%
Apr 27, 3:00pm
flag
Paris CAC 40
3,844.60
-152.79 (-3.82%)
+23.92%
Apr 27, 3:00pm
flag
Frankfurt Index
6,159.51
-172.59 (-2.73%)
+31.22%
Apr 27, 3:00pm
flag
Milan BCI General
15,743.00
+0.00 (0.00%)
+5.68%
Apr 26, 5:30pm
flag
Belgium 20 Index
2,567.68
-88.60 (-3.34%)
+32.76%
Apr 27, 3:00pm
flag
Swiss Market Index
6,690.19
-113.55 (-1.67%)
+29.25%
Apr 27, 3:00pm
flag
OSE Norway All Share
439.01
-5.00 (-1.13%)
+52.94%
Apr 27, 3:00pm
flag
ATX Vienna
2,702.59
-55.55 (-2.01%)
+48.07%
Apr 27, 3:00pm
flag
Amsterdam Total Return General
349.12
-8.31 (-2.32%)
+46.60%
Apr 27, 3:00pm
flag
Madrid General
1,108.53
-23.59 (-2.08%)
+21.97%
Apr 27, 8:00am
flag
Stockholm General Index
329.39
-8.16 (-2.42%)
+36.38%
Apr 27, 3:00pm

Africa/Middle East
Price
Change (%)
1 Year %
Last Updated
flag
Israel TA 100 Index
1,132.06
-4.21 (-0.37%)
+54.46%
Apr 27, 10:45am
flag
TEL-TECH INDEX
323.14
-2.54 (-0.78%)
+67.78%
Apr 27, 10:45am
flag
TEL-TECH-15 INDEX
279.06
-3.66 (-1.29%)
+58.63%
Apr 27, 10:45am

 


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