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ASEAN STOCK WATCH Asean Affairs   17  August  2011

Asean Stock Watch- August 17



U.S. stocks snapped a 3-day rally amid euro zone fears. Dow Jones Industrial Average fell 76.97 points, or 0.67 percent, to close at 11,405.93.

S&P 500 slipped 11.73 points, or 0.97 percent, to end at 1,192.76, while the Nasdaq composite fell 31.75 points, or 1.24 percent, to finish at 2,523.45.

Most S&P sectors were lower, led by financials and energy Crude oil closed at US$86.67/barrel, while gold settled at $1,785.10 an ounce.


Asian markets were mixed in Wednesday morning trade on a combination of weak US housing starts, tepid German growth and the refusal by European leaders to expand the European Financial Stability Facility.

Market sentiment turned cautious on a plan by Thai Prime Minister Yingluck Shinawatra to increase Thai rice prices (considered a benchmark for the commodity) as this would mean inflationary pressure which could crimp domestic demand throughout the region.

At 9.30am, the local benchmark was up a quarter of a percent to 1,502.05 while Singapore's Straits Times Index gained a third of percent to 2,842.08.

At Bursa Malaysia, gainers outpaced losers 165 to 88 while 114 other counters were traded unchanged. There were 89.60 million shares traded with a total turnover of RM93.60 million.

Among counters in focus, Sindora advanced 26 sen to RM2.91 after parent Kulim proposed to take the company private at RM3 per share. The counter last traded at RM2.65 before a trading suspension was requested from 2.30pm Monday until yesterday.

Kulim was 1 sen higher at RM3.67. Other plantation stocks which gained included KLK, which rose 40 sen to RM21.50 and Batu Kawan, which added 14 sen to RM16.

Rice distributor Bernas was up 13 sen to RM2.80 while construction outfit Mudajaya added 8 sen to RM2.86.

Allianz added 10 sen to RM4.80 and Hong Leong Financial gained 12 sen to RM12.30.

Spot gold fell US$1.53 to US$1,784.02 per ounce while silver was down 4 cents to US$39.85.

Nymex crude oil in electronic trade was 2 cents lower at US$86.67 per barrel.

The ringgit was quoted at 2.984 to the greenback and 4.288 to the euro


Shares of the following companies had unusual moves in Philippine trading. Stock symbols are in parentheses and prices are as of the noon close in Manila.

The Philippine Stock Exchange Index rose for a fifth straight day, gaining 0.9 percent to 4,372.70.

Aboitiz Transport System Corp. (ATS) .

Alliance Global Group Inc. (AGI) ,

DMCI Holdings Inc. (DMC) ,

Energy Development Corp. (EDC)

IP Converge Data Center Inc. (CLOUD)

IPVG Corp. (IP) ,

Megaworld Corp. (MEG) ,

Philex Mining Corp. (PX)


Singapore shares opened higher on Wednesday, with the benchmark Straits Times Index at 2,842.17 in early trade, up 0.33% per cent, or 9.44 points.

Around 68.2 million shares exchanged hands.

Gainers beat losers 100 to 47.


The Stock Exchange of Thailand main index went down 9.30 points or 0.86 percent to close at 1,077.02 points at the end of trading session on Tuesday afternoon. The trade value was 27.82 billion baht, with 4.26 billion shares traded.

The SET50 index ended at 748.83 points, down 7.72 points or 1.02 percent, with a total trade value of 19.63 billion baht.

The SET100 index fell 16.24 points or 0.98 percent to stand at 1,632.90 points, with a total turnover of 23.52 billion baht.

The SETHD went down 8.43 points, or 0.81 percent, to 1,031.59 points, with the total trade value of 6.60 billion baht.

The MAI index went down 1.36 points or 0.44 percent to close at 305.74 points, with total transaction value of 627.18 million baht.

Top five most active values were as follows;

PTT closed at 323.00 baht, down 3.00 baht (1.22 percent)

KBANK closed at 131.50 baht, down 2.00 baht (1.50 percent)

BBL closed at 158.00 baht, down 1.50 baht (0.94 percent)

TOP closed at 69.75 baht, down 0.75 baht (1.06 percent)

SCB closed at 117.00 baht, down 2.00 baht (1.68 percent)


Shares on the HCM Stock Exchange rebounded on Tuesday, with advancers nearly two times higher than decliners, but market value remained bleak.

The VN-Index rose 0.56 percent to close at 386.48 points. Trading value totalled just more than VND299 billion (US$14.4 million) as 17.9 million shares changed hands.

Sacombank (STB), with just over 970,000 shares traded, became the most active share. STB closed up 2.3 percent at VND13,100 ($0.62).

Only two of the 10 largest shares led by capitalisation declined. Food producer Masan Group (MSN) lost 1.1 percent of its value while Eximbank (EIB) fell 0.7 per cent. Others rose slightly, under 1 percent, or closed unchanged.

In Ha Noi, shares tread water while the HNX-Index closed essentially unchanged at 65.83 points. Market value reached VND160.4 billion ($7.7 million) on a volume of 16 million shares. Gainers outnumbered losers by 136-84.

Kim Long brokerage house (KLS) reclaimed the position of the most heavily active trade stock in Ha Noi with 2.48 million shares changing hands, rising 1 percent to close at VND9,900 a share.


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This year in Thailand-what next?

AseanAffairs   04 January 2011
By David Swartzentruber      

It is commonplace in journalism to write two types of articles at the transition point between the year that has passed and the New Year. As this writer qualifies as an “old hand” in observing Thailand with a track record dating back 14 years, it is time take a shot at what may unfold in Thailand in 2011.

The first issue that can’t be answered is the health of Thailand’s beloved King Bhumibol, who is now 83 years old. He is the world's longest reigning monarch, but elaborate birthday celebrations in December failed to mask concern over his health. More


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