ASEAN KEY DESTINATIONS
Asean Stock Watch- November 2
Sentiment also was hit by disappointing manufacturing data for China, the global economy’s growth engine.
The blue-chip Dow Jones Industrial Average lost 297.05 points (2.48 percent) to finish at 11,657.96.
The tech-heavy Nasdaq Composite slid 77.45 points (2.89 percent) to 2,606.96. The S&P 500-stock index, a broader measure of the markets, shed 35.02 points (2.79 percent) to 1,218.28.
“As the door shut on a strong October for the equity markets, US stocks are beginning a new month solidly to the downside amid a flare-up in eurozone debt crisis concerns, fueled by an unexpected call for a referendum by Greece on its austerity measures,” Charles Schwab analysts said in a client note.
Stocks extended Monday’s sharp losses amid rising fears that the eurozone debt crisis plan and a new bailout package for Greece were on the rails.
At Bursa Malaysia, losers overwhelmed gainers by 583 to 198 while 214 other counters were traded unchanged.
There were 1.19 billion shares done with a total turnover of RM1.29 billion.
Among the gainers were Tradewinds (M) Bhd which was up 9 sen to RM8.99 and Lingkaran Trans Kota Holdings Bhd which rose 11 sen to RM3.58.
The losers included Genting Bhd which fell 36 sen to RM10.40, AirAsia Bhd which fell 21 sen to RM3.69 and RHB Capital Bhd which fell 24 sen to RM7.46.
At 5pm today, spot gold fell US$5.35 to US$1,709.35 per ounce while silver slipped 63 cents to US$33.67.
Nymex crude oil in electronic trade dropped US$1.80 to US$91.39 per barrel while Brent crude dropped US$1.61 to US$107.95.
Crude palm oil futures for January 2012 delivery dropped RM18 to RM2,920 per tonne.
The ringgit was quoted at 3.123 to the US dollar and 4.279 to the euro.
Local gains were also made possible by the decision of the National Telecommunications Commission to approve the acquisition by PLDT of Gokongwei-controlled Digital Telecommunications Philippines Inc., which sent both stocks—as well as that of their rival, Globe Telecom Inc.—higher.
About 1.4 billion shares exchanged hands.
Losers beat gainers 280 to 112.
The SET50 index ended at 676.74 points, down 15.23 points or 2.20%, with a total trade value of 17.99 billion baht.
The SET100 index fell 31.35 points or 2.10 percent to stand at 1,462.17 points, with a total turnover of 20.48 billion baht.
The SETHD index went down 17.03 points or 1.76 percent to stand at 953.16 points, with total trade value of 5.86 billion baht.
The MAI index dropped 1.38 points or 0.57 percent to close at 241.06 points, with total transaction value of 148.33 million baht.
PTTGC closed at 64.25 baht, down 1.25 baht (1.91 percent)
The value of trades dropped 39.8 percent over yesterday's level to just VND396 billion (US$18.85 million), while trading volume reached only 62 percent of yesterday's figure, standing at 37.2 million shares.
VNDirect Securities (VND) surpassed Kim Long Securities (KLS) by 200,000 shares to lead the Ha Noi market in terms of trading volume with 5.4 million shares exchanged.
Meanwhile, the VN-Index on the HCM Stock Exchange lost another 1.66 percent to conclude at 413.82 points, with 191 out of 286 codes losing ground.
Market value, however, reached VND721.6 billion ($34.3 million) on a volume of nearly 44.9 million shares, climbing 24 percent in value and 18.2 per cent in volume over yesterday, as investors sold off shares.
Among the blue chips, insurer Bao Viet Holdings (BVH) – one of the 10 largest capitalised shares – bottomed out, while none of the group were able to make gains. Many other blue chips also tumbled, including steel maker Hoa Phat (HPG), hotel and entertainment service provider Vinpearlland (VPL), Sai Gon Securities Inc (SSI) and Refrigeration Electrical Engineering (REE).
Making its debut today, Military Bank (MBB) failed to satisfy investors' expectations, closing at its reference price of VND13,800. However, it was the most active stock in HCM City with over 2.7 million shares changing hands.
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