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ASEAN PROFILES ASEAN KEY DESTINATIONS 
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Home >> Daily News >> ASEAN STOCK WATCH
Shayne Heffernan 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
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