Google

ASEANAFFAIRS
Sign up | Log in

    ASEAN PROFILES

  ASEAN KEY DESTINATIONS

ASEAN STOCK WATCH 4 March 2010

Shayne Heffernan
www.livetradingnews.com

The USA traded higher for most of the day however that rally drifted in the closing session to a flat end. In Asia today we expect that direction to follow with most markets trading lower. Hong Kong and China failed to deliver a rally yesterday and still seem very cheap. India ran up as we expected but we expect all of the ASEAN markets to come back a little tomorrow, look for bargains, long term the trend is positive.
 
Markets in Singapore and Thailand posted small gains on Wednesday, while other Southeast Asian Indexes consolidated their recent gains while they awaited direction from the USA market on  developments in the Greek debt crisis and Jobs data. India managed a good rally on the day.
 
Malaysia dipped 0.15 percent, Indonesia JKSE eased 0.37 percent, the Philippines PSI added 0.24 percent and Vietnam VNI rallied 1.26 percent.
 
In Bangkok, foreign buying momentum continued after a  huge net foreign purchase of $134.6 million on Tuesday, after the court ruling on Thaksin Shinawatra was seen as easing some political unrest. Among gainers, energy explorer PTT Exploration and Production PTTE.BK rose 1.8 percent and coal miner Banpu BANP.BK jumped 3.5 percent. THCOM.BK slumped 12.2 percent, Advanced Info Service ADVA.BK lost 2.4 percent and Shin Corp SHIN.BK dropped 3.6 percent.
 
In Kuala Lumpur, palm plantation firm Sime Darby  fell 0.9 percent while IOI Corp was down 0.55 percent. A top industry official said on Wednesday Malaysia, the world's No. 2 palm oil producer, would miss its output target of 18.1 million tonnes because of a shortage of foreign labour, even as yields recover.
 
Axiata  gained 0.52 percent after the country's second-largest mobile phone company said it might consider paying a dividend from 2011 as improving business conditions had helped bolster its balance sheet.
 
 In Jakarta, the market pulled back from its early gain to a four-week high, with Unilever  falling 2.6 percent and Telkom Indonesia 1.2 percent lower.
 
In Manila, food-to-power conglomerate San Miguel Corporation  rose 1.4 percent before a report after the close that it was in talks to buy a majority stake in Ausphil Tollways Corporation and gain control over a major expressway project in northern Philippines. Conglomerate Metro Pacific Investments Corp, which reported a 2009 net profit surge after the market close, rose 3.5 percent.
 
 In Vietnam, the market touched its highest since Feb. 22, with top dairy product maker Vinamilk VNM.HM up 2.4 percent and Kinh Bac City Development KBC.HM up 4.4 percent.

Global Market Indexes

Americas Price Change (%) 1 Year % Last Updated
flag Toronto Composite 11826.68
-1.63 (-0.01%)
+53.84%
Mar 03, 3:00pm
flag Mexican Bolsa IPC Index 32322.13
+267.09 (0.83%)
+90.92%
Mar 03, 3:00pm
flag Brazil Bovespa Index 67667.21
-111.95 (-0.17%)
+86.75%
Mar 03, 3:00pm
flag Argentina Merval Index 2291.39
+5.67 (0.25%)
+142.80%
Mar 03, 3:00pm
flag Chile IPSA Index 3706.53
-53.86 (-1.43%)
+53.81%
Mar 03, 3:00pm

Asian Pacific Price Change (%) 1 Year % Last Updated
flag Nikkei 225 Index 10253.14
+31.30 (0.31%)
+40.84%
Mar 03, 3:00pm
flag ASX All Ordinaries 4743.80
+0.00 (0.00%)
+48.07%
Mar 03, 3:00pm
flag Seoul Composite 1622.44
+7.32 (0.45%)
+59.25%
Mar 03, 3:00pm
flag Hong Kong Hang Seng 20876.79
-29.32 (-0.14%)
+69.49%
Mar 03, 3:00pm
flag Shanghai 3097.00
+23.90 (0.78%)
+47.94%
Mar 03, 3:00pm
flag Taiwan Weighted 7629.52
+31.90 (0.42%)
+72.39%
Mar 03, 3:00pm
flag Singapore Straits Times 2782.79
+10.59 (0.38%)
+81.48%
Mar 03, 3:00pm
flag Bombay Sensex Index 17000.01
+0.00 (0.00%)
+97.51%
Mar 03, 3:00pm
flag Jakarta Composite 2567.09
+0.00 (0.00%)
+104.37%
Mar 03, 3:00pm
flag Kuala Lumpur Composite 1286.10
-1.97 (-0.15%)
+46.72%
Mar 03, 3:00pm
flag PSE Composite 3069.29
+7.40 (0.24%)
+65.33%
Mar 03, 3:00pm
flag Sri Lanka All Share 3774.03
-46.63 (-1.22%)
+125.76%
Mar 03, 3:00pm

Europe Price Change (%) 1 Year % Last Updated
flag FTSE 100 Index 5533.21
+49.15 (0.90%)
+52.61%
Mar 03, 3:00pm
flag Paris CAC 40 3842.52
+30.60 (0.80%)
+48.85%
Mar 03, 3:00pm
flag Frankfurt Index 5817.88
+41.32 (0.72%)
+56.81%
Mar 03, 3:00pm
flag Milan BCI General 15743.00
+0.00 (0.00%)
+33.23%
Mar 02, 5:30pm
flag Belgium 20 Index 2592.56
+33.79 (1.32%)
+60.97%
Mar 03, 3:00pm
flag Swiss Market Index 6813.16
-6.88 (-0.10%)
+53.51%
Mar 03, 3:00pm
flag OSE Norway All Share 410.26
+2.54 (0.62%)
+64.63%
Mar 03, 3:00pm
flag ATX Vienna 2456.98
-13.93 (-0.56%)
+73.34%
Mar 03, 3:00pm
flag Amsterdam Total Return General 331.86
+3.62 (1.10%)
+58.91%
Mar 03, 3:00pm
flag Madrid General 1107.56
+14.90 (1.36%)
+44.52%
Mar 03, 3:00pm
flag Stockholm General Index 310.24
+2.82 (0.92%)
+62.68%
Mar 03, 3:00pm
 
Africa/Middle East Price Change (%) 1 Year % Last Updated
flag Israel TA 100 Index 1125.01
+0.70 (0.06%)
+94.27%
Mar 03, 10:45am
flag TEL-TECH INDEX 315.04
+3.14 (1.01%)
+97.22%
Mar 03, 10:45am
flag TEL-TECH-15 INDEX 268.51
+2.92 (1.10%)
+82.07%
Mar 03, 10:45am

 

Comment on this Article. Send them to  your.views@aseanaffairs.com

Letters that do not contain full contact information cannot be published.
Letters become the property of AseanAffairs and may be republished in any format.
They typically run 150 words or less and may be edited
 
or
submit your comment in the box below

Name

Name


Email

Email



1.  Verifier

1. Verifier

For security purposes, we ask that you enter the security code that is shown in the graphic. Please enter the code exactly as it is shown in the graphic.
Your Code
Enter Code

Home | About Us | Contact Us | Special Feature | Features | News | Magazine | Events | TV | Press Release | Advertise With us

Our Products | Work with us | Terms of Use | Site Map | Privacy Policy | Refund Policy | Shipping/Delivery Policy | DISCLAIMER |

Version 5.0
Copyright © 2007-2017 TIME INTERNATIONAL MANAGEMENT ENTERPRISES CO., LTD. All rights reserved.
Bangkok, Thailand
asean@aseanaffairs.com