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ASEAN STOCK WATCH 24 June 2010

ASEAN Markets Bounce Back

Shayne Heffernan
www.livetradingnews.com

ASEAN markets posted another strong day Wednesday, Malaysia and Thailand gained as investors bought airlines and sectors seen as beneficiaries of China’s more flexible yuan policy although overall optimism over the yuan faded.

Ebeling Heffernan say markets in the region remain a strong buy in terms of value, especially Thailand which trades at a 12-month forward price to earnings of 10.9 times, against 12.9 times of Singapore and Malaysia.

Sales of new U.S. single-family homes dropped 32.7 percent to a seasonally adjusted annual rate of 300,000 units, the lowest level since record keeping started in 1963. This pushed commodity prices lower and increased investor aversion to risk in general. This will have a negative impact on ASEAN markets today and it could be a good opportunity to buy.

Other ASEAN bourses, including Singapore and Indonesia, regained most of their early losses, while investors awaited a rate decision by the U.S. Federal Reserve.

The Stock Exchange of Thailand (SET) composite index went up 2.39 points or 0.30% to close at 806.52 points at the end of trading session on Wednesday afternoon. The trade value was 23.35 billion baht.

Top five most active values were as follows;

CPF closed at 20.10 baht, up 0.30 baht (1.52%)

TTA closed at 24.10 baht, up 0.50 baht (2.12%)

STA closed at 85.00 baht, up 6.00 baht (7.59%)

PTT closed at 254.00 baht, down 1.00 baht (0.39%)

SCB closed at 84.00 baht, down 0.50 baht (0.59%)

Indonesian shares closed lower by 9.79 points, or 0. 33 percent, to a level of 2,924 points on Wednesday.

Some 93,350 transactions were booked on Wednesday at a volume of 5.2 billion copies of share worth 3 trillion rupiah (about 330 million U.S. dollars).

Losers led gainers 101 to 89 with 83 remained stagnant.

The Malaysia stock market ended higher on Wednesday.

The Kuala Lumpur Composite Index (KLCI) was at 1,329.70, up 6. 26 points or 0.47 percent, and the Emas was at 8,981.54 up 46.81 points or 0.52 percent.

There were 360 gainers, 275 losers and 271 counters traded unchanged.

Turnover increased to 684.90 million shares valued at 1.12 billion ringgit (346.32 million U.S. dollars), compared with 672. 52 million shares valued at 1.09 billion ringgit (341.69 million U. S. dollars) on Tuesday.

The gradual yuan appreciation is seen as generally positive for Southeast Asian firms, including Singapore developers that have projects and investment in China as well as Malaysia’s airline AirAsia as purchasing power for imported cost of operations improves.

China’s benchmark Shanghai Composite Index on the Shanghai Stock Exchange closed at 2,569.87 points Wednesday, down 18.83 points, or 0.73 percent from the previous close.

A Share Index: 2,693.78 points, down 20.07 points, or 0.74 percent;

B Share Index: 226.46 points, up 3.78 points, or 1.7 percent;

Total Turnover: 61.89 billion yuan (9.09 billion U.S. dollars).

—- SHENZHEN — The Shenzhen Component Index on the Shenzhen Stock Exchange closed at 10,256.27 points Wednesday, down 89.28 points, or 0.86 percent, from the previous close.

A Share Index: 11,056.61 points, down 96.25 points, or 0.86 percent;

B Share Index: 4,204.14 points, up 23.48 points, or 0.56 percent;

Total Turnover: 62.82 billion yuan (9.22 billion U.S. dollars).

MUMBAI — The Indian stock benchmark Sensex recorded slight increase of 6.25 points or 0.04 percent Wednesday on weak performance of peer bourse around the world.

The index narrowed looses in the second half of session and concluded at 17,755.94 points with daily low of 17,629.19 points.

Realty, health care, technological and consumer durables gained 1.43 percent, 1.42 percent, 0.84 percent and 0.76 percent, respectively.

Automaker Maruti Suzuki, consumer goods producer Hindustan Unilever (NYSE:UL) , housing developer DLF and software outsourcing giant Infosys picked up 2.78 percent, 1.66 percent, 1.35 percent and 1.1 percent.

Capital goods and metal sectors dropped 1.38 percent and 0.34 percent respectively.

The turnover with Sensex totaled 178.7 million U.S. dollars on Wednesday, roughly same from that of the previous session.

Global Markets By Region

Americas
Price
Change (%)
1 Year %
Last Updated
flag
Toronto Composite
11,797.94
-138.14 (-1.16%)
+18.91%
Jun 23, 3:00pm
flag
Mexican Bolsa IPC Index
32,470.70
-411.30 (-1.25%)
+37.86%
Jun 23, 3:00pm
flag
Brazil Bovespa Index
64,960.45
+149.45 (0.23%)
+30.63%
Jun 23, 3:00pm
flag
Argentina Merval Index
2,328.45
+0.00 (0.00%)
+55.41%
Jun 23, 3:00pm
flag
Chile IPSA Index
4,078.00
-39.00 (-0.95%)
+32.86%
Jun 23, 3:00pm

Asian Pacific
Price
Change (%)
1 Year %
Last Updated
flag
Nikkei 225 Index
9,923.70
-189.19 (-1.87%)
+0.99%
Jun 23, 3:00pm
flag
ASX All Ordinaries
4,509.40
-71.90 (-1.57%)
+15.31%
Jun 23, 3:00pm
flag
Seoul Composite
1,731.48
-8.20 (-0.47%)
+23.70%
Jun 23, 3:00pm
flag
Hong Kong Hang Seng
20,856.61
+37.53 (0.18%)
+15.49%
Jun 23, 3:00pm
flag
Shanghai
2,569.87
-18.83 (-0.73%)
-11.27%
Jun 23, 3:00pm
flag
Taiwan Weighted
7,612.68
-22.88 (-0.30%)
+20.05%
Jun 23, 3:00pm
flag
Singapore Straits Times
2,871.05
-1.25 (-0.04%)
+26.65%
Jun 23, 3:00pm
flag
Bombay Sensex Index
17,749.69
-126.86 (-0.71%)
+23.90%
Jun 23, 3:00pm
flag
Jakarta Composite
2,934.59
-7.31 (-0.25%)
+48.58%
Jun 23, 3:00pm
flag
Kuala Lumpur Composite
1,329.70
+6.26 (0.47%)
+27.13%
Jun 23, 3:00pm
flag
PSE Composite
3,342.97
-8.72 (-0.26%)
+38.60%
Jun 23, 3:00pm
flag
Sri Lanka All Share
4,634.73
-23.95 (-0.51%)
+89.39%
Jun 23, 3:00pm

Europe
Price
Change (%)
1 Year %
Last Updated
flag
FTSE 100 Index
5,178.52
-68.48 (-1.31%)
+22.31%
Jun 23, 3:00pm
flag
Paris CAC 40
3,641.79
-63.53 (-1.71%)
+16.60%
Jun 23, 3:00pm
flag
Frankfurt Index
6,204.52
-64.52 (-1.03%)
+32.20%
Jun 23, 3:00pm
flag
Milan BCI General
15,743.00
+0.00 (0.00%)
+0.00%
Jun 23, 3:00pm
flag
Belgium 20 Index
2,494.34
-41.88 (-1.65%)
+28.02%
Jun 23, 3:00pm
flag
Swiss Market Index
6,381.85
-81.65 (-1.26%)
+20.18%
Jun 23, 3:00pm
flag
OSE Norway All Share
410.47
-5.39 (-1.30%)
+27.98%
Jun 23, 3:00pm
flag
ATX Vienna
2,426.54
-21.40 (-0.87%)
+23.86%
Jun 23, 3:00pm
flag
Amsterdam Total Return General
335.11
-4.69 (-1.38%)
+34.53%
Jun 23, 3:00pm
flag
Madrid General
1,035.87
-5.77 (-0.55%)
+6.65%
Jun 23, 3:00pm
flag
Stockholm General Index
326.60
-3.21 (-0.97%)
+39.44%
Jun 23, 3:00pm

Africa/Middle East
Price
Change (%)
1 Year %
Last Updated
flag
Israel TA 100 Index
1,039.47
-10.75 (-1.02%)
+31.28%
Jun 23, 10:45am
flag
TEL-TECH INDEX
273.42
-3.64 (-1.31%)
+31.46%
Jun 23, 10:45am
flag
TEL-TECH-15 INDEX
235.16
-3.38 (-1.42%)
+25.55%
Jun 23, 10:45am

 


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