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ASEAN STOCK WATCH 19 June 2010

ASEAN Markets Hold Gains

Shayne Heffernan
www.livetradingnews.com

ASEAN stocks held their gains and many rallied in Friday trading after performing beeter than the rest of the world’s markets this week as regional optimism shielded investors from nagging worries over European debt and mixed global economic data.

ASEAN markets also gained positive fund flows in the week amid strong trade data in May, including that of Thailand and Singapore, which analysts said helped boost hopes that economic growth was on track and boded well for market outlooks.

Gains in ASEAN stocks have been leading the rest of Asia this year, with MSCI’s Indonesia up 7.9 percent, MSCI’s Thailand up 6.1 percent and MSCI’s Malaysia up 1.2 percent. MSCI’s Singapore eased 3.5 percent, compared with a 6.05 percent fall of MSCI’s index of Asian shares outside Japan.

For the week, Indonesia gained 4.6 percent, Southeast Asia’s best performer, as measures set out by its central bank to manage capital flows have been seen as helping strengthen its financial market stability, supporting sentiment on the stock market.

Jakarta recorded net foreign inflows, for a fourth straight week, of $242.6 million, while the Phillipines .PSI gained a net $28 million in foreign buying for the week. Consumer and banking stocks extended gains in Jakarta, with automotive distributor Astra International (ASII.JK) up 4.1 percent and state lender Bank Mandiri (BMRI.JK) up 3.5 percent. Thailand gained 2.9 percent for the week, the second best, as investors selectively bought energy and banks, with a strong trade data in May helping ease worries about the health of the economy after political unrest.

Singapore shares closed lower on Friday, with the benchmark Straits Times Index at 2,833.4, down 0.37 per cent, or 10.55 points.

About 960.2 million shares exchanged hands.

Losers beat gainers 201 to 187.

In Bangkok, energy firm, PTT PTT.BK, rose 0.4 percent on Friday and number four bank, Kasikornbank KBAN.BK, gained 0.8 percent.

Top five most active values were as follows;

TMB closed at 1.42 baht, up by 0.04 baht or 2.90 per cent.

CPF closed at 19.50 baht, down by 0.30 baht or 1.52 per cent.

BANPU closed at 628.00 baht, down by 8.00 baht or 1.26 per cent.

PTT closed at 252.00 baht, up by 1.00 baht or 0.40 per cent.

PTTCH closed at 103.00 baht, down by 4.00 baht or 3.74 per cent.

Ebeling Heffernan has upgraded Malaysia and Thailand.

Global Markets By Region

Americas
Price
Change (%)
1 Year %
Last Updated
flag
Toronto Composite
11,945.97
+24.92 (0.21%)
+14.99%
Jun 18, 2:00pm
flag
Mexican Bolsa IPC Index
32,775.34
-30.29 (-0.09%)
+33.64%
Jun 18, 2:00pm
flag
Brazil Bovespa Index
64,540.91
-210.09 (-0.32%)
+25.70%
Jun 18, 2:00pm
flag
Argentina Merval Index
2,314.54
-8.58 (-0.37%)
+45.91%
Jun 18, 2:00pm
flag
Chile IPSA Index
4,083.30
+22.98 (0.57%)
+26.98%
Jun 18, 2:00pm

Asian Pacific
Price
Change (%)
1 Year %
Last Updated
flag
Nikkei 225 Index
9,995.02
-4.38 (-0.04%)
+2.48%
Jun 18, 2:00pm
flag
ASX All Ordinaries
4,574.10
+27.10 (0.60%)
+15.57%
Jun 18, 2:00pm
flag
Seoul Composite
1,707.92
+0.00 (0.00%)
+22.07%
Jun 18, 2:00pm
flag
Hong Kong Hang Seng
20,286.71
+148.31 (0.74%)
+11.68%
Jun 18, 2:00pm
flag
Shanghai
2,513.22
-47.03 (-1.84%)
-9.47%
Jun 18, 2:00pm
flag
Taiwan Weighted
7,515.78
+0.00 (0.00%)
+20.82%
Jun 18, 2:00pm
flag
Singapore Straits Times
2,833.40
-10.55 (-0.37%)
+23.83%
Jun 18, 2:00pm
flag
Bombay Sensex Index
17,616.69
+153.82 (0.88%)
+17.78%
Jun 18, 2:00pm
flag
Jakarta Composite
2,891.10
+32.44 (1.13%)
+42.39%
Jun 18, 2:00pm
flag
Kuala Lumpur Composite
1,317.69
+13.22 (1.01%)
+22.68%
Jun 18, 2:00pm
flag
PSE Composite
3,335.48
+21.96 (0.66%)
+32.67%
Jun 18, 2:00pm
flag
Sri Lanka All Share
4,607.34
+3.98 (0.09%)
+100.98%
Jun 18, 2:00pm

Europe
Price
Change (%)
1 Year %
Last Updated
flag
FTSE 100 Index
5,250.84
-3.06 (-0.06%)
+21.31%
Jun 18, 2:00pm
flag
Paris CAC 40
3,687.21
+4.13 (0.11%)
+14.73%
Jun 18, 2:00pm
flag
Frankfurt Index
6,216.98
-6.56 (-0.11%)
+27.12%
Jun 18, 2:00pm
flag
Milan BCI General
15,743.00
+0.00 (0.00%)
+0.00%
Jun 18, 2:00pm
flag
Belgium 20 Index
2,528.93
+5.57 (0.22%)
+26.73%
Jun 18, 2:00pm
flag
Swiss Market Index
6,447.06
-28.24 (-0.44%)
+19.90%
Jun 18, 2:00pm
flag
OSE Norway All Share
414.64
+0.78 (0.19%)
+17.89%
Jun 18, 2:00pm
flag
ATX Vienna
2,428.06
+28.16 (1.17%)
+15.34%
Jun 18, 2:00pm
flag
Amsterdam Total Return General
336.06
+0.80 (0.24%)
+30.76%
Jun 18, 2:00pm
flag
Madrid General
1,009.11
+8.03 (0.80%)
+2.49%
Jun 18, 2:00pm
flag
Stockholm General Index
328.06
+2.29 (0.70%)
+33.53%
Jun 18, 2:00pm

Africa/Middle East
Price
Change (%)
1 Year %
Last Updated
flag
Israel TA 100 Index
1,032.84
+0.00 (0.00%)
+30.30%
Jun 18, 3:15am
flag
TEL-TECH INDEX
275.50
+0.00 (0.00%)
+36.65%
Jun 18, 2:15am
flag
TEL-TECH-15 INDEX
237.80
+0.00 (0.00%)
+32.00%
Jun 18, 2:15am

 


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