ASEAN KEY DESTINATIONS
ASEAN Markets World’s Best this Week
ASEAN Markets may retreat a little yoday after economic figures released in the USA stalled the global rally.Stocks were listless and near the flat line Thursday as Congress grilled BP CEO Tony Hayward . Markets were pressured by dispiriting regional manufacturing data and an unexpected rise in initial weekly jobless claims.
Indonesia’s Jakarta Stock Exchange surged more than 1 percent on Thursday and most other Southeast ASEAN markets moved higheras optimism about the region’s growth prospects grew after an IMF report and the news of EAFTA moving forward combined with strong interest from foriegners in buying real estate after an historic decision to allow property purcheses by foriegners for the first time.
Appetite for shares in local companies led the way as the outlook for the economy improved. Measures set out by Indonesia’s central bank to manage capital flows have been largely seen as helping strengthen its financial market stability, thereby supporting sentiment on its stock market.
Indonesia’s benchmark stock index rose for a fifth session, closing at its highest level since May 5, with state lender Bank Mandiri (BMRI.JK) up 2.7 percent and number six lender Bank Danamon (BDMN.JK) up 5.9 percent.
Thailand Markets continue to grow yet still represent good value. Thailand is currently the cheapest market with a PE ratio of just over 10.
The Stock Exchange of Thailand (SET) composite index on Thursday gained 2.70 points or 0.34 per cent to close at 789.34 points. The market value was 20.01 billion baht, with 3.10 billion shares traded.
The SET100 index ended the session at 1,189.53 points, up 3.88 points or 0.33 per cent, with a total trade value of 16.50 billion baht.
The SET50 index rose 1.39 points or 0.25 per cent to stay at 547.48 points, with a total transaction value of 12.23 billion baht.
Th Market for Alternative Investment (mai) index moved up 2.33 points or 1.03 per cent to close at 228.99 points, with a total turnover of 407.17 million baht.
Top five most active of the Ebeling Heffernan Strong Buys;
CPF closed at 19.80 baht, up by 0.40 baht or 2.06 per cent.
PTT remained at 251.00 baht.
BANPU closed at 636.00 baht, up by 2.00 baht or 0.32 per cent.
PTTEP closed at 148.00 baht, up by 2.00 baht or 1.37 per cent.
IVL closed at 20.80 baht, up by 0.40 baht or 1.96 per cent.
Singapore’s main share index, drifted down 0.1 percent, turning lower after a 1 percent gain on Wednesday to its highest in almost five weeks. Todays action was simply a little profit taking.
Among weak spots in the city-state, top developer CapitaLand (CATL.SI) fell 1.8 percent, ending a five-day run of gains.
Singapore Airlines (SIAL.SI), the world’s second-biggest airline by market value, fell 1.4 percent, perhaps taking a cue from a report by airlines body IATA that government cuts and debt worries across Europe are set to weaken demand for premium air travel from the continent.
Global Markets By Region
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