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ASEAN STOCK WATCH 9 April 2010

Shayne Heffernan
www.livetradingnews.com

US Stocks rebounded overnight and ASEAN markets are set to follow that lead and open higher this morning. Upbeat sales reports from the nation’s retailers helped provide optimism about the economic outlook, taking the edge off worries about Greece and other euro zone debt issues.

Philippine stocks closed 0.44 percent lower on Thursday and look ready to extend on those gains.The benchmark Philippine Stock Exchange index tumbled by 14.25 points to 3,256.12. The all-share index went down by 5.56 points, or 0.27 percent, to 2,019.58. The trade volume reached 978.8 million shares worth 5.15 billion pesos (114.96 million U.S. dollars).

Vietnam’s stock market index, the VN-Index, closed at 515.93 points on Thursday, up 0.11 points, or 0.02 percent, against the previous trading day. A total of 55.89 million shares worth 2.07 trillion Vietnamese dong (VND) (108.64 million U.S. dollars) changed hands at the Ho Chi Minh City Stock Exchange.

Share prices on the Indonesia Stock Exchange closed lower on Thursday as investors under the negative influence of the world markets but should rebound sharply this morning. The composite index decrease 47.7 points (1.65 percent) to close at 2,850 with 6 billion shares worth 7 trillion rupiah (some 770 million U.S. dollars) changing hands.

The Malaysia stock market ended lower here on Thursday. The Kuala Lumpur Composite Index (KLCI) was at 1,332.93, down 12.16 points or 0.91 percent, and the Emas was at 9,066.70, down 85.31 points or 0.94 percent. Turnover increased to 1.28 billion shares valued at 1.74 billion Malaysian ringgit (542.06 million U.S. dollars).

The shares prices in Singapore fell 24.91 points or 0.83 percent on Thursday with the benchmark Straits Times Index (STI) closing at 2,963.19 points. The overall volume stood at 2.33 billion shares worth 1.39 billion Singapore dollars (about 1.0 billion U.S. dollars).

Thailand lost 28.70 points or 3.53 per cent to close at 783.93 points. The market value was 40.24 billion baht, with 4.24 billion shares traded. Fears of worsening political tension and a fall on Wall St led to excessive profit taking and it is expected the SET will improvve today.

Top five most active values were as follows;

PTT closed at 267.00 baht, down by 12.00 or 4.30 per cent.

PTTCH closed at 100.00 baht, down by 9.00 or 8.26 per cent.

PTTEP closed at 147.00 baht, down by 6.50 or 4.23 per cent.

BANPU closed at 628.00 baht, down by 22.00 or 3.38 per cent.

SCB closed at 88.75 baht, down by 4.00 or 4.31 per cent.

At the ASEAN Meeting it was confirmed Southeast Asian leaders will call for a legally binding global pact on climate change, according to a draft summit statement seen by AFP on Wednesday.

The statement said the Association of Southeast Asian Nations (ASEAN) leaders meeting in Vietnam on Thursday and Friday will also urge rich countries to continue taking the lead in cutting greenhouse gas emissions.

All parties under the UN Framework Convention on Climate Change should “work together to secure a legally binding agreement, particularly to limit the increase in average global temperature to below two degrees Celsius above the pre-industrial level,” the draft said.

Developed countries should also “continue taking the lead by making more ambitious commitments and setting out specific and equitable binding targets to reduce greenhouse gas emissions in the mid-term and long-term.”

An 11th-hour climate change deal reached in Copenhagen in December does not legally bind countries to their commitments to cutting carbon dioxide emissions blamed for climate change.

Global Market Indexes

Americas
Price
Change (%)
1 Year %
Last Updated
flag
Toronto Composite
12,139.01
+28.11 (0.23%)
+34.64%
Apr 08, 4:00pm
flag
Mexican Bolsa IPC Index
33,604.03
-28.32 (-0.08%)
+61.50%
Apr 08, 4:00pm
flag
Brazil Bovespa Index
71,763.87
+970.93 (1.37%)
+62.48%
Apr 08, 4:00pm
flag
Argentina Merval Index
2,466.56
+12.82 (0.52%)
+108.14%
Apr 08, 4:00pm
flag
Chile IPSA Index
3,828.80
-20.81 (-0.54%)
+50.44%
Apr 08, 4:00pm

Asian Pacific
Price
Change (%)
1 Year %
Last Updated
flag
Nikkei 225 Index
11,168.20
-124.63 (-1.10%)
+26.08%
Apr 08, 4:00pm
flag
ASX All Ordinaries
4,960.30
+0.00 (0.00%)
+34.19%
Apr 08, 4:00pm
flag
Seoul Composite
1,733.78
+7.18 (0.42%)
+33.59%
Apr 08, 4:00pm
flag
Hong Kong Hang Seng
21,867.04
-61.73 (-0.28%)
+45.80%
Apr 08, 4:00pm
flag
Shanghai
3,118.71
-29.51 (-0.94%)
+28.88%
Apr 08, 4:00pm
flag
Taiwan Weighted
8,057.60
-64.18 (-0.79%)
+45.02%
Apr 08, 4:00pm
flag
Singapore Straits Times
2,963.19
-24.91 (-0.83%)
+60.35%
Apr 08, 4:00pm
flag
Bombay Sensex Index
17,714.40
+0.00 (0.00%)
+68.15%
Apr 08, 4:00pm
flag
Jakarta Composite
2,850.83
+0.00 (0.00%)
+87.97%
Apr 08, 4:00pm
flag
Kuala Lumpur Composite
1,332.93
-12.16 (-0.90%)
+44.29%
Apr 08, 4:00pm
flag
PSE Composite
3,256.12
-14.25 (-0.44%)
+60.51%
Apr 08, 4:00pm
flag
Sri Lanka All Share
3,939.62
+30.01 (0.77%)
+138.36%
Apr 08, 4:00pm

Europe
Price
Change (%)
1 Year %
Last Updated
flag
FTSE 100 Index
5,712.70
-49.36 (-0.86%)
+43.05%
Apr 08, 4:00pm
flag
Paris CAC 40
3,978.46
-48.51 (-1.20%)
+35.80%
Apr 08, 4:00pm
flag
Frankfurt Index
6,171.83
-50.58 (-0.81%)
+41.89%
Apr 08, 4:00pm
flag
Milan BCI General
15,743.00
+0.00 (0.00%)
+17.36%
Apr 07, 5:30pm
flag
Belgium 20 Index
2,668.62
-28.34 (-1.05%)
+48.24%
Apr 08, 4:00pm
flag
Swiss Market Index
6,791.01
-52.48 (-0.77%)
+35.76%
Apr 08, 4:00pm
flag
OSE Norway All Share
433.22
-0.88 (-0.20%)
+57.45%
Apr 08, 4:00pm
flag
ATX Vienna
2,721.14
-13.59 (-0.50%)
+50.92%
Apr 08, 4:00pm
flag
Amsterdam Total Return General
350.89
-3.00 (-0.85%)
+53.33%
Apr 08, 4:00pm
flag
Madrid General
1,144.31
-11.11 (-0.96%)
+30.93%
Apr 08, 4:00pm
flag
Stockholm General Index
330.12
-1.57 (-0.47%)
+52.19%
Apr 08, 4:00pm

Africa/Middle East
Price
Change (%)
1 Year %
Last Updated
flag
Israel TA 100 Index
1,134.10
-17.26 (-1.50%)
+63.76%
Apr 08, 10:45am
flag
TEL-TECH INDEX
313.12
-5.64 (-1.77%)
+72.57%
Apr 08, 10:45am
flag
TEL-TECH-15 INDEX
269.37
-4.82 (-1.76%)
+61.53%
Apr 08, 10:45am

 


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