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ASEAN STOCK WATCH 11 May 2010

ASEAN Markets Keep Growing

Shayne Heffernan
www.livetradingnews.com

ASEAN markets rallied well after news of a new extended plan put together by the European Union and the International Monetary Fund to prevent a sovereign debt crisis from spreading. After solid overnight gains on Wall St, ASEAN markets are set to post another strong day.

Indonesian Equities rallied over 4 percent on Monday after a very strong first-quarter GDP, and other ASEAN markets gained as worries about europe debt eased after a European Union package to address the crisis.

The Indonesian economy, ASEANs biggest, grew 5.7 percent in the first quarter from a year before, the fastest annual pace in more than a year.

Indonesia’s composite index, best performer in ASEAN this year, racked up a loss of 7.8 percent last week after the sudden departure of Finance Minister Sri Mulyani Indrawati raised concern about the country’s reforms and as Greece’s woes rattled the region. Strong buying interest was seen in stocks dependent on the domestic economy, with Bank Central Asia (BBCA) and Astra International (ASII) rising almost 5 percent.

Bangkok followed U.S. stock index futures, which rose 3.8 percent at 0930 GMT. Local investors returned to the market as positive sentiment in major markets returned.

Foreign investors have sold 12.4 billion baht ($384million) over the past three trading days as the market became less hopeful of an end to political protests in Bangkok that have plagued the economy for 2 months.

Banks lead gains, with Siam Commercial Bank SCB up 2.7 percent and Bangkok Bank BBL 3 percent.

Singapore rose 2.1% led by banking shares that recovered from recent lows. United Overseas Bank 3.7 percent surge to S$19.42, DBS posted a smaller gain of 1.95 percent to S$14.64. Last week, UOB reported a 71 percent rise in quarterly net profit, outperforming its peers.

Malaysia was up a modest .08%, Tenaga Nasional (TENA) rose 1.4 percent and financial CIMB Group (CIMB) was up 0.7 percent.

In Manila, the stock market shut as the country was voting to elect a president.

Global Markets By Region

Americas
Price
Change (%)
1 Year %
Last Updated
flag
Toronto Composite
11,928.55
+236.12 (2.02%)
+19.68%
May 10, 4:00pm
flag
Mexican Bolsa IPC Index
32,202.38
+713.56 (2.27%)
+36.51%
May 10, 4:00pm
flag
Brazil Bovespa Index
65,323.29
+2452.41 (3.90%)
+30.50%
May 10, 4:00pm
flag
Argentina Merval Index
2,302.58
+142.38 (6.59%)
+61.71%
May 10, 4:00pm
flag
Chile IPSA Index
3,851.72
+92.56 (2.46%)
+36.86%
May 10, 4:00pm

Asian Pacific
Price
Change (%)
1 Year %
Last Updated
flag
Nikkei 225 Index
10,530.70
+166.11 (1.60%)
+12.20%
May 10, 4:00pm
flag
ASX All Ordinaries
4,622.20
+0.00 (0.00%)
+18.15%
May 10, 4:00pm
flag
Seoul Composite
1,677.63
+30.13 (1.83%)
+19.74%
May 10, 4:00pm
flag
Hong Kong Hang Seng
20,426.64
+506.35 (2.54%)
+18.64%
May 10, 4:00pm
flag
Shanghai
2,698.76
+10.37 (0.39%)
+3.90%
May 10, 4:00pm
flag
Taiwan Weighted
7,664.73
+97.63 (1.29%)
+16.61%
May 10, 4:00pm
flag
Singapore Straits Times
2,880.48
+59.37 (2.10%)
+28.50%
May 10, 4:00pm
flag
Bombay Sensex Index
17,330.55
+561.44 (3.35%)
+43.03%
May 10, 4:00pm
flag
Jakarta Composite
2,850.43
+0.00 (0.00%)
+55.86%
May 10, 4:00pm
flag
Kuala Lumpur Composite
1,333.97
+1.08 (0.08%)
+30.34%
May 10, 4:00pm
flag
PSE Composite
3,142.06
-25.77 (-0.81%)
+40.34%
May 10, 4:00pm
flag
Sri Lanka All Share
4,222.04
-1.09 (-0.03%)
+122.68%
May 10, 4:00pm

Europe
Price
Change (%)
1 Year %
Last Updated
flag
FTSE 100 Index
5,387.42
+264.40 (5.16%)
+22.48%
May 10, 4:00pm
flag
Paris CAC 40
3,720.29
+327.70 (9.66%)
+14.42%
May 10, 4:00pm
flag
Frankfurt Index
6,017.91
+302.82 (5.30%)
+25.27%
May 10, 4:00pm
flag
Milan BCI General
15,743.00
+0.00 (0.00%)
+0.65%
May 09, 5:30pm
flag
Belgium 20 Index
2,511.98
+215.17 (9.37%)
+21.14%
May 10, 4:00pm
flag
Swiss Market Index
6,481.95
+276.32 (4.45%)
+21.71%
May 10, 4:00pm
flag
OSE Norway All Share
419.60
+22.23 (5.59%)
+29.99%
May 10, 4:00pm
flag
ATX Vienna
2,522.14
+210.37 (9.10%)
+21.92%
May 10, 4:00pm
flag
Amsterdam Total Return General
335.24
+22.89 (7.33%)
+30.60%
May 10, 4:00pm
flag
Madrid General
1,108.53
+0.00 (0.00%)
+15.89%
May 09, 5:30pm
flag
Stockholm General Index
315.66
+18.72 (6.30%)
+27.40%
May 10, 4:00pm

Africa/Middle East
Price
Change (%)
1 Year %
Last Updated
flag
Israel TA 100 Index
1,093.86
+35.18 (3.32%)
+42.16%
May 10, 10:45am
flag
TEL-TECH INDEX
298.82
+15.36 (5.42%)
+51.62%
May 10, 10:45am
flag
TEL-TECH-15 INDEX
259.60
+11.89 (4.80%)
+45.86%
May 10, 10:45am

 


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