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ASEAN STOCK WATCH 13 May 2010

ASEAN to See Further Gains

Shayne Heffernan
www.livetradingnews.com

Thailand Stock Exchange ended with modest gains after the government said it would step up efforts to end the Red Shirts protests.

The Thai market reacted positively to the authorities’ move to end a rally in the morning session but the protesters’ defiance prompted late selling.

The benchmark SET index .SETI ended 0.2 percent higher. It had shot up almost 1 percent after the intial news. Market turnover was light at 20 billion baht ($619 million) as most investors opted to wait and see.

Foreign investors sold a net 1.7 billion baht ($52.6 million) of shares in the morning, dealers said, adding to the 17.4 billion baht in net outflows over the previous five sessions. Among losers, CP Foods CPF.BK fell over 1 percent despite a strong first-quarter profit and outlook for the year. TMB Bank TMB.BK, was down 2.1 percent. It will be removed from the MSCI Global Standard Indices from the close on May 26.

Top five stocks to own now are;

CPF closed at 18.00 baht, down by 0.30 or 1.64 per cent.

BANPU closed at 624.00 baht, down by 2.00 or 0.32 per cent.

PTT closed at 255.00 baht, up by 1.00 or 0.39 per cent.

PTTAR closed at 28.75 baht, up by 0.25 or 0.88 per cent.

IVL closed at 17.50 baht, down by 0.30 or 1.69 per cent.

Indonesia, added 1.2% today and recorded fund inflows of $81 million in the previous session, was pushed up by resource shares, with a 3.1 percent gain in Ebeling Heffernan Strong Buy coal miner Bumi Resources. The market continued to register positive foreign inflows today. There are plenty of value buys in the market like banking and mining stocks.

Local cigarette firm Gudang Garam (GGRM) rose 10.6 percent. It was among shares to be added to the MSCI Global Standard Indices.

Vietnam .VNI, the smallest bourse, dropped 2.8 percent, with a small foreign net outflow for the session, data showed.

Singapore share prices closed 0.79 percent higher on Wednesday, taking a cue from the positive US equities futures.

But lingering uncertainty over Europe’s fiscal woes subdued volumes and caused some volatility during the trading session.

The key Straits Times Index (STI) rose 22.66 points to end at 2,880.33, after swinging in and out of positive territory throughout the trading session.

In the broader market, gainers beat losers 341 to 142.

Overall volume was 1.51 billion shares worth S$1.59 billion, down from 1.81 billion shares worth S$1.73 billion on Tuesday.

Among the gainers, banking group DBS rose four cents to S$14.44. Singapore Airlines climbed 28 cents to S$14.90 and SingTel edged two cents higher to S$3.

Share prices on Bursa Malaysia closed slightly higher Wednesday on investor expectation of a better first-quarter performance of the country’s economy, dealers said.

Bank Negara Malaysia is expected to release the data tomorrow together with the monetary policy statement on overnight policy rate.

A dealer said foreign and local research houses had predicted the Malaysian economy to grow by between six and seven per cent for the first quarter.

The FTSE Bursa Malaysia Kuala Lumpur Composite Index (FBM KLCI) rose 3.38 points to close at 1,344.1 points, pushed mostly by gains in Kuala Lumpur Kepong.

The Finance Index improved 34.449 points to 12,052.52, Industrial Index added 13.45 points to 2,742.93 and the Plantation Index improved 37.66 points to 6,435.61.

The FBM Emas Index rose by 25.39 points to 9,030.05, FBM70 increased 31.18 points to 8,825.52 and the FBM Ace Index added 7.87 points to 3,977.95.

Gainers led losers by 362 to 241 while 291 counters closed unchanged, 476 untraded and 31 others suspended.

Total turnover, however, declined to 666.761 million units worth RM934.413 million from 781.76 million units worth RM1.344 billion on Tuesday.

Among the top gainers, British American Tobacco rose 88 sen to RM43.88, KKB Engineering surged 85 sen to RM6.90 and Kuala Lumpur Kepong jumped 70 sen to RM17.20.

In active stocks, Maxbiz Corp rose 11.5 sen to 25.5 sen, Talam Corp edged up half sen to 14 sen and Advance Marketing shed four sen to 22.5 sen.

Among heavyweights, Maybank added five sen to RM7.60, Sime Darby edged up two sen to RM8.65, CIMB Group gained eight sen to RM14.44, Maxis was unchanged at RM5.33 and Tenaga Nasional shed two sen to RM8.54.

The Main Market volume declined to 506.282 million shares worth RM905.493 million from 661.884 million shares worth RM1.308 billion yesterday.

The ACE market volume rose to 62.07 million units valued at RM14.218 million from 45.974 million units valued at RM8.752 million on Tuesday.

Warrants surged to 94.802 million shares worth RM14.057 million from 58.281 million shares worth RM11.123 million previously.

Consumer products accounted for 72.62 million shares traded on the Main Market, industrial products 71.031 million, construction 13.925 million, trade and services 121.5 million, technology 18.692 million, infrastructure 10.923 million, finance 56.384 million, hotels 25.296 million, properties 107.078 million, plantations 7.639 million, mining 53,000, REITs 1.062 million and closed/fund 80,500.

Global Markets By Region

Americas
Price
Change (%)
1 Year %
Last Updated
flag
Toronto Composite
12,185.05
+184.44 (1.54%)
+20.71%
May 12, 3:00pm
flag
Mexican Bolsa IPC Index
32,387.18
+268.07 (0.83%)
+35.27%
May 12, 3:00pm
flag
Brazil Bovespa Index
65,040.97
+616.08 (0.96%)
+27.59%
May 12, 3:00pm
flag
Argentina Merval Index
2,302.14
+12.51 (0.55%)
+52.25%
May 12, 3:00pm
flag
Chile IPSA Index
3,889.84
+31.67 (0.82%)
+32.96%
May 12, 3:00pm

Asian Pacific
Price
Change (%)
1 Year %
Last Updated
flag
Nikkei 225 Index
10,394.03
-17.07 (-0.16%)
+9.97%
May 12, 3:00pm
flag
ASX All Ordinaries
4,599.70
+0.00 (0.00%)
+17.62%
May 12, 3:00pm
flag
Seoul Composite
1,663.03
-7.21 (-0.43%)
+17.52%
May 12, 3:00pm
flag
Hong Kong Hang Seng
20,212.49
+65.98 (0.33%)
+18.29%
May 12, 3:00pm
flag
Shanghai
2,655.71
+8.14 (0.31%)
+2.94%
May 12, 3:00pm
flag
Taiwan Weighted
7,602.70
-5.74 (-0.08%)
+14.37%
May 12, 3:00pm
flag
Singapore Straits Times
2,880.33
+22.66 (0.79%)
+32.97%
May 12, 3:00pm
flag
Bombay Sensex Index
17,195.81
+54.28 (0.32%)
+47.19%
May 12, 3:00pm
flag
Jakarta Composite
2,847.62
+34.73 (1.23%)
+55.54%
May 12, 3:00pm
flag
Kuala Lumpur Composite
1,344.10
+3.38 (0.25%)
+31.07%
May 12, 3:00pm
flag
PSE Composite
3,269.41
+6.48 (0.20%)
+44.31%
May 12, 3:00pm
flag
Sri Lanka All Share
4,229.41
+14.19 (0.34%)
+122.59%
May 12, 3:00pm

Europe
Price
Change (%)
1 Year %
Last Updated
flag
FTSE 100 Index
5,383.45
+49.24 (0.92%)
+21.37%
May 12, 3:00pm
flag
Paris CAC 40
3,733.87
+40.67 (1.10%)
+14.94%
May 12, 3:00pm
flag
Frankfurt Index
6,183.49
+145.78 (2.41%)
+27.05%
May 12, 3:00pm
flag
Milan BCI General
15,743.00
+0.00 (0.00%)
-0.54%
May 11, 5:30pm
flag
Belgium 20 Index
2,540.36
+56.83 (2.29%)
+21.80%
May 12, 3:00pm
flag
Swiss Market Index
6,575.05
+66.05 (1.01%)
+22.69%
May 12, 3:00pm
flag
OSE Norway All Share
425.20
+7.59 (1.82%)
+30.41%
May 12, 3:00pm
flag
ATX Vienna
2,555.29
+68.71 (2.76%)
+23.61%
May 12, 3:00pm
flag
Amsterdam Total Return General
336.90
+3.42 (1.03%)
+31.36%
May 12, 3:00pm
flag
Madrid General
1,108.53
+0.00 (0.00%)
+14.77%
May 11, 5:30pm
flag
Stockholm General Index
317.62
+5.51 (1.77%)
+29.54%
May 12, 3:00pm

Africa/Middle East
Price
Change (%)
1 Year %
Last Updated
flag
Israel TA 100 Index
1,089.82
+15.64 (1.46%)
+39.55%
May 12, 11:15am
flag
TEL-TECH INDEX
298.49
+5.96 (2.04%)
+50.65%
May 12, 11:15am
flag
TEL-TECH-15 INDEX
257.69
+5.53 (2.19%)
+43.10%
May 12, 11:15am

 


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