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ASEAN STOCK WATCH 29 April 2010

Shayne Heffernan
www.livetradingnews.com

US stocks rose Overnight as investors were relieved by the Federal Reserve’s statement that it still plans to keep interest rates near zero for an “extended period. This will lift ASEAN markets with the exception of Thailand which is now suffering an outflow of foriegn funds.

The Stock Exchange of Thailand (SET) composite index moved down 12.51 points, or 1.64 percent, to close at 749.49 points on Wednesday. Some 3.02 billion shares worth 18.53 billion baht (about 575 million U.S. dollars) changed hands. Political factors took the edge off early gains on the exchange.

Siam Cement SCC fell over 1 percent even though it posted a 32 percent rise in quarterly profit, while top lender Bangkok Bank BBL fell 4.3 percent. TMB Bank TMB rose over 2 percent on reports that the Finance Ministry may sell its stake in the sixth-largest bank.

The political crisis has for the first time triggered foreign selling. Foreign investors were net sellers for a fourth session on Tuesday, offloading 1.95 bilion baht ($60 million) and cutting inflows so far this year to around 42 billion baht. The Thailand Stock Exchange is now Southeast Asia’s second worst performer this year, and is trading at a relatively low forward price-to-earnings ratio of 10.6.

The Malaysia stock market ended lower on Wednesday. The Kuala Lumpur Composite Index (KLCI) was at 1,333.17 down 6. 55 points or 0.49 percent, and the Emas was at 9,023.78 down 48.71 points or 0.54 percent. Turnover decreased to 830.98 million shares valued at 1.12 billion ringgit Malaysia(347.83 million U.S. dollars).

Palm plantation firm IOI Corp (IOIB) fell 0.7 perent, KL Kepong (KLKK) lost 1.4 percent and financial CIMB Group (CIMB) was down 0.7 percent.

The shares prices in Singapore ended 1.99 percent lower on Wednesday amid investors’ concerns over Greece’s debt woes. The benchmark Straits Times Index (STI) fell 59.64 points to close at 2,932.04 points. The overall volume stood at 1.72 billion shares worth 1.80 billion Singapore dollars (about 1.02 billion U. S. dollars).

Keppel Corp (KPLM) down 3.7 percent, Sembcorp Industry (SCIL) down 3.2 percent and ST Engineering (STEG) down 2.2 percent, all trading ex-dividend. Losers also included Singapore Telecommunications (STEL), which fell 1.3 percent after its Indian affiliate,Bharti Airtel (BRTI), posted a worse-than-expected 8 percent fall in quarterly profit.

Indonesian shares closed lower by 35.980 points, or 1.22 percent to a level of 2,903.319 points on Wednesday. As many as 128,803 transactions were booked Wednesday at a volume of 5.879 billion copies of share worth 4.292 trillion rupiah (about 474.7 million U.S. dollars)

Financials led decliners, with Bank Central Asia (BBCA) down 4.4 percent and Bank Rakyat (BBRI) down 2.3 percent. Bank Rakyat has concluded its acquisition of small plantation bank Bank Agroniaga (AGRO), which dropped 7.4 percent.

Vietnam’s stock market index, VN-Index, closed at 539. 2 points on Wednesday, up 3.48 points, or 0.65 percent, against the previous trading day.

A total of 60.98 million shares worth 2.39 trillion Vietnamese dong (VND) (126.08 million U.S. dollars) changed hands at the Ho Chi Minh City Stock Exchange.

Global Markets By Region

Americas
Price
Change (%)
1 Year %
Last Updated
flag
Toronto Composite
12,115.23
-31.51 (-0.26%)
+28.96%
Apr 28, 4:00pm
flag
Mexican Bolsa IPC Index
32,907.95
+228.59 (0.70%)
+50.77%
Apr 28, 4:00pm
flag
Brazil Bovespa Index
66,668.43
+157.33 (0.24%)
+45.50%
Apr 28, 4:00pm
flag
Argentina Merval Index
2,371.90
-2.62 (-0.11%)
+90.59%
Apr 28, 4:00pm
flag
Chile IPSA Index
3,815.58
+12.51 (0.33%)
+43.35%
Apr 28, 4:00pm

Asian Pacific
Price
Change (%)
1 Year %
Last Updated
flag
Nikkei 225 Index
10,924.79
-287.87 (-2.57%)
+25.19%
Apr 28, 4:00pm
flag
ASX All Ordinaries
4,854.20
+0.00 (0.00%)
+31.55%
Apr 28, 4:00pm
flag
Seoul Composite
1,733.91
-15.64 (-0.89%)
+29.41%
Apr 28, 4:00pm
flag
Hong Kong Hang Seng
20,949.40
-312.39 (-1.47%)
+41.16%
Apr 28, 4:00pm
flag
Shanghai
2,900.33
-7.60 (-0.26%)
+20.58%
Apr 28, 4:00pm
flag
Taiwan Weighted
8,081.55
-64.89 (-0.80%)
+41.66%
Apr 28, 4:00pm
flag
Singapore Straits Times
2,932.04
-59.64 (-1.99%)
+61.22%
Apr 28, 4:00pm
flag
Bombay Sensex Index
17,380.08
-310.54 (-1.76%)
+52.83%
Apr 28, 4:00pm
flag
Jakarta Composite
2,903.32
+0.00 (0.00%)
+84.21%
Apr 28, 4:00pm
flag
Kuala Lumpur Composite
1,333.17
-6.55 (-0.49%)
+36.02%
Apr 28, 4:00pm
flag
PSE Composite
3,284.78
-22.93 (-0.69%)
+57.50%
Apr 28, 4:00pm
flag
Sri Lanka All Share
4,134.46
-1.59 (-0.04%)
+128.13%
Apr 28, 4:00pm

Europe
Price
Change (%)
1 Year %
Last Updated
flag
FTSE 100 Index
5,587.32
-16.20 (-0.29%)
+34.08%
Apr 28, 4:00pm
flag
Paris CAC 40
3,787.00
-57.60 (-1.50%)
+22.07%
Apr 28, 4:00pm
flag
Frankfurt Index
6,084.34
-75.17 (-1.22%)
+29.62%
Apr 28, 4:00pm
flag
Milan BCI General
15,743.00
+0.00 (0.00%)
+5.68%
Apr 27, 5:30pm
flag
Belgium 20 Index
2,506.19
-61.49 (-2.39%)
+29.58%
Apr 28, 4:00pm
flag
Swiss Market Index
6,576.39
-91.08 (-1.37%)
+27.06%
Apr 28, 4:00pm
flag
OSE Norway All Share
431.52
-7.49 (-1.71%)
+50.33%
Apr 28, 4:00pm
flag
ATX Vienna
2,630.81
-70.17 (-2.60%)
+44.13%
Apr 28, 4:00pm
flag
Amsterdam Total Return General
344.55
-4.57 (-1.31%)
+44.68%
Apr 28, 4:00pm
flag
Madrid General
1,108.53
+0.00 (0.00%)
+21.97%
Apr 27, 5:30pm
flag
Stockholm General Index
327.94
-1.44 (-0.44%)
+35.78%
Apr 28, 4:00pm

Africa/Middle East
Price
Change (%)
1 Year %
Last Updated
flag
Israel TA 100 Index
1,118.58
-13.48 (-1.19%)
+52.62%
Apr 28, 10:45am
flag
TEL-TECH INDEX
319.52
-3.62 (-1.12%)
+65.90%
Apr 28, 10:45am
flag
TEL-TECH-15 INDEX
276.36
-2.70 (-0.97%)
+57.09%
Apr 28, 10:45am

 


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