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ASEAN STOCK WATCH 8 May 2010

ASEAN Markets to Extend Losses Monday

Shayne Heffernan
www.livetradingnews.com

Thailand hit a one week low and looks to go lower on Monday after markets around the world suffered a strong retracement. Local politics did not seem to add to much pressure to the selling as Thailand is one of the world’s most undervalued stock exchanges.

Foreign investors were sellers of Thai shares worth a combined 7.2 billion baht ($223 million) on Tuesday and Thursday in a trading week shortened by two holidays. Foreign selling continued but at a reduced rate on Friday morning amid the political stalemate. Thailand’s SET index ended 2.1 percent lower, better than most of the world.

Thailand outperformed other regional bourses on the week due to a strong gain on Tuesday when the government’s offer of an early election briefly eased tensions. This hints to a rally of 8% to 12% after the protests are cleared in Bangkok.

Indonesia closed lower on Friday in line with global sell off at the opening of European bourses. Jakarta’s International Nickel Indonesia (INCO) dropped 5.6 percent although the nickel producer posted a fivefold jump in quarterly net profit and now looks like a very strong buy.

The market index was closed 71.283 points (2.53 percent) lower to 2,739.333 with transaction volume of 4.350 billion shares valued at 5.670 trillion rupiah (about 608.4 million U.S. dollars).

The Kuala Lumpur Composite Index (KLCI) defied falling markets and was at 1,332.89 up 1.02 points or 0.08 percent, and the Emas was at 8,938.73 down 4.85 points or 0.05 percent. MISC (MISC) ended up 0.3 percent. It fell earlier after lower-than-expected fiscal 2010 net profit while broker Affin investment bank kept its “reduce” rating on the stock.

Turnover increased to 938.33 million shares valued at 1.81 billion ringgit Malaysia (555.39 million U.S. dollars).

Philippine stocks closed 0.81 percent lower on Friday.

The Philippine Stock Exchange index slipped by 25.77 points to 3,142.06. The all-share index went down by 10.75 points, or 0.54 percent, to 1,966.77.

The trade volume reached 1.46 billion shares worth 4.2 billion pesos (92.69 million U.S. dollars).

Vietnam’s stock market index, VN-Index, closed at 542. 03 points on Friday, down 7.48 points, or 1.36 percent, against the previous trading day.

A total of 112.5 million shares worth 3.84 trillion Vietnamese dong (VND) (202.43 million U.S. dollars) changed hands at the Ho Chi Minh City Stock Exchange.

Global Markets By Region

Americas
Price
Change (%)
1 Year %
Last Updated
flag
Toronto Composite
11,676.24
-166.19 (-1.40%)
+18.17%
May 07, 3:00pm
flag
Mexican Bolsa IPC Index
31,457.44
-537.84 (-1.68%)
+34.26%
May 07, 3:00pm
flag
Brazil Bovespa Index
62,776.67
-637.55 (-1.01%)
+23.89%
May 07, 3:00pm
flag
Argentina Merval Index
2,159.31
-2.42 (-0.11%)
+58.40%
May 07, 3:00pm
flag
Chile IPSA Index
3,752.25
-67.54 (-1.77%)
+35.19%
May 07, 3:00pm

Asian Pacific
Price
Change (%)
1 Year %
Last Updated
flag
Nikkei 225 Index
10,364.59
-331.10 (-3.10%)
+15.45%
May 07, 3:00pm
flag
ASX All Ordinaries
4,507.40
-91.20 (-1.98%)
+16.71%
May 07, 3:00pm
flag
Seoul Composite
1,647.50
-37.21 (-2.21%)
+17.85%
May 07, 3:00pm
flag
Hong Kong Hang Seng
19,920.29
-213.12 (-1.06%)
+21.24%
May 07, 3:00pm
flag
Shanghai
2,688.38
-51.32 (-1.87%)
+4.71%
May 07, 3:00pm
flag
Taiwan Weighted
7,567.10
-12.38 (-0.16%)
+18.61%
May 07, 3:00pm
flag
Singapore Straits Times
2,817.21
-22.44 (-0.79%)
+35.81%
May 07, 3:00pm
flag
Bombay Sensex Index
16,769.11
-218.42 (-1.29%)
+38.23%
May 07, 3:00pm
flag
Jakarta Composite
2,739.33
-71.28 (-2.54%)
+54.58%
May 07, 3:00pm
flag
Kuala Lumpur Composite
1,332.89
+1.02 (0.08%)
+32.12%
May 07, 3:00pm
flag
PSE Composite
3,142.06
-25.77 (-0.81%)
+43.00%
May 07, 3:00pm
flag
Sri Lanka All Share
4,223.13
+3.53 (0.08%)
+126.00%
May 07, 3:00pm

Europe
Price
Change (%)
1 Year %
Last Updated
flag
FTSE 100 Index
5,123.02
-137.97 (-2.62%)
+18.13%
May 07, 3:00pm
flag
Paris CAC 40
3,495.75
-140.28 (-3.86%)
+8.40%
May 07, 3:00pm
flag
Frankfurt Index
5,715.09
-193.17 (-3.27%)
+17.76%
May 07, 3:00pm
flag
Milan BCI General
15,743.00
+0.00 (0.00%)
+1.29%
May 06, 5:30pm
flag
Belgium 20 Index
2,357.97
-88.25 (-3.61%)
+19.72%
May 07, 3:00pm
flag
Swiss Market Index
6,205.63
-242.86 (-3.77%)
+17.51%
May 07, 3:00pm
flag
OSE Norway All Share
397.37
-20.17 (-4.83%)
+27.08%
May 07, 3:00pm
flag
ATX Vienna
2,311.77
-79.70 (-3.33%)
+15.70%
May 07, 3:00pm
flag
Amsterdam Total Return General
320.48
-10.30 (-3.11%)
+27.09%
May 07, 3:00pm
flag
Madrid General
1,108.53
+0.00 (0.00%)
+17.13%
May 06, 5:30pm
flag
Stockholm General Index
296.94
-11.22 (-3.64%)
+21.61%
May 07, 3:00pm

Africa/Middle East
Price
Change (%)
1 Year %
Last Updated
flag
Israel TA 100 Index
1,068.28
+0.00 (0.00%)
+40.74%
May 07, 3:36am
flag
TEL-TECH INDEX
287.30
+0.00 (0.00%)
+44.68%
May 07, 2:15am
flag
TEL-TECH-15 INDEX
251.10
+0.00 (0.00%)
+39.43%
May 07, 2:15am

 


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