ASEAN KEY DESTINATIONS
Asean Stock Watch-November 4
Worries are that Greece is set for a default with Greek Prime Minister George Papandreou saying that that Athens would not receive another cent in EU aid until it decides whether it wants to stay in the euro zone.
All eyes are on the discussions coming out from G20 summit which is set to be dominated by concerns that Greece is on course for default.
Penny stocks were among the top actives today with most active Karambunai shedding 1.5 sen to 19 sen, Tejari perked one sen to 8.5 sen, and Harvest gained 14.5 sen to 64 sen.
Heavyweights, both BAT and GAB gained 20 sen to RM46.20 and RM10.94 respectively, while DiGi added 18 sen to RM32.48.
Regional peers were mostly down with Taiwan's Taiex Index shedding 1.82% to 7,460.31 while Seoul's Kospi Index dipped 1.48 percent to 1,869.96.
The main-share Philippine Stock Exchange index shed 50.16 points or 1.2 percent to finish at 4,210.25 as bearish sentiment swept across Asian markets as European leaders took a tougher stance on Greece, which wants to put the new bailout package to a popular vote.
The leaders of France and Germany threatened to hold back any further lifeliner for Greece until the debt-strapped state decides it wants to stay in the euro zone.
At the local market, all counters were in the red but the worst hit were the mining/oil, holding firm, property and services counters which dropped by 2.4 percent, 1.2 percent, 1.68 percent and 1.3 percent, respectively.
Turnover was thin at P3.89 billion, reflecting the cautious market sentiment.
There were only 48 advancers against 79 decliners while 32 stocks were unchanged.
Among the stocks that traded in the red were PLDT, URC, AGI, Lepanto A, ICTSI, Megaworld, DMCI, Metro Pacific Investments, BDO, Metrobank, BPI, Ayala Corp., Security Bank, Manila Mining A, Zeus Holdings and San Miguel Corp.
SM Investments, Puregold and Manila Water bucked the day’s downturn.
Although the Dow Jones Industrial Index rebounded by 178.08 points or 1.53 percent to 11,836.04, investors focused more on latest EU developments which were not factored in by Wall Street.
The SET50 index ended at 676.69 points, down 6.92 points or 1.01 percent, with a total trade value of 17.12 billion baht.
The SET100 index fell 14.09 points or 0.95% to stand at 1,462.84 points, with a total turnover of 19.66 billion baht.
The SETHD index went down 8.27 points or 0.86 percent to stand at 953.71 points, with total trade value of 4.87 billion baht.
The MAI index dropped 2.22 points or 0.91 percent to close at 242.05 points, with total transaction value of 341.98 million baht.
Top five most active values were as follows;
Market value reached 93.8 percent of yesterday's level, totaling VND460.5 billion (US$21.9 million) while trading volume decreased by 12.4 percent to 27.7 million shares.
Of the 10 leading shares by capitalisation, three stocks rallied between 0.8-1.5 per cent, including food processor Masan Group (MSN), real estate developer Vincom (VIC) and Vinamilk (VNM). Meanwhile, others retreated or closed unchanged.
Military Bank (MBB) was again the most active code in HCM City with around 1.2 million shares exchanged. However, it lost 0.8 percent to close at VND13,100 per share.
On the Hanoi Stock Exchange, the HNX-Index fell by over 1 percent to reach 66.43 points despite positive opening minutes.
scant trading volume of nearly 27.4 million shares pulled the value of trades down 24.8 percent over yesterday's session to just VND288 billion (US$13.7 million).
With 3.6 million shares changing hands, Kim Long Securities Co (KLS) became the most heavily traded stock nationwide.
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