ASEAN KEY DESTINATIONS
Asean Stock Watch- October 26
Stocks extended losses on Tuesday after data showed consumer confidence tumbled to its lowest level since March 2009.
The Dow Jones industrial average was down 122.16 points, or 1.03 percent, at 11,791.46. The Standard & Poor's 500 Index was down 15.45 points, or 1.23 percent, at 1,238.74. The Nasdaq Composite Index was down 29.79 points, or 1.10 percent, at 2,669.65.
Indonesia’s benchmark stock index barely moved on Tuesday as investors waited for positive news from the euro zone.
Trading on the local stock market rebounded with the FTSE Bursa Malaysia KL Composite Index (FBM KLCI) notched 7.78 points to 1,457.80 points.
Dealers said investors were delighted but puzzled over the stock market's direction. A dealer said trading volume on the local bourse was relatively lacklustre as investors appeared not too keen to take positions ahead of the Deepavali holiday.
“Sentiment is still cautious while buying interest was not broad-based and consistent,” he added.
Leading the list of heavily-traded counters was Industries Bhd's warrant, which gain 7 sen to 24 sen with 54.7 million shares done.
Malaysia Airports Holdings Bhd, which was one of the top gainers, jumped 33 sen to RM5.88. Among the 30 stocks in the FBM KLCI, Genting Bhd fell 3 sen to RM9.99, Sime Darby was 21 sen higher at RM8.85 and Tenaga Nasional Bhd added 19 sen to RM5.78
Local shares moved higher on Tuesday, buoyed by positive sentiment caused by a robust rise in imports for August, indicating strong local demand for products, while investors positioned themselves ahead of the release of third-quarter earnings reports.
The Philippine Stock Exchange index (PSEi) ended the trading session at 4,242.52, representing an increase of 41.44 points or 0.98 percent—marking the third consecutive day of gains for the main stock barometer.
“People are anticipating good earnings numbers so we’re seeing some buying now,” said a trader, but added that the outlook remained unclear for the coming days, given the uncertain debt situation in the eurozone. “We are still looking abroad for clues.”
Index heavyweight PLDT was the day’s most active stock, ending at P2,306 per share from the previous session’s P2,266. Metro Pacific Investments Corp. was the second most active, rising to P3.20 per share from P3.05 on news that it would infuse an additional P300 million in its hospital operating unit.
All sectoral indices moved higher, led by the mining and oil sector, which gained 1.3 percent, followed by the financial, holding firm and services sectors, all of which moved higher by at least 1 percent.
Trading volume was moderate, but was boosted by a P15-billion block sale of Meralco shares, with the total value coming in at P18.7 billion at the end of the session.
Advancers beat decliners handily, 93 to 54, while 29 stocks remained unchanged.
Singapore shares closed higher on Tuesday, with the benchmark Straits Times Index at 2,769.94, up 0.33 percent, or 8.99 points.
Gainers beat losers 221 to 195.
The Stock Exchange of Thailand main index went up 26.21 points or 2.86 percent to close at 942.55 points at the end of trading session on Tuesday afternoon. The trade value was 28.77 billion baht, with 2.42 billion shares traded.
The SET50 index ended at 667.75 points, up 22.95points or 3.56 percent, with a total trade value of 24.80 billion baht.
The SET100 index rose 46.47 points or 3.33 percent to stand at 1,441.06 points, with a total turnover of 26.57 billion baht.
The SETHD index went up 25.75 points or 2.81 percent to stand at 943.34 points, with total trade value of 9.13 billion baht.
The MAI index gained 1.79 points or 0.76 percent to close at 237.55 points, with total transaction value of 197.84 million baht.
Top five most active values were as follows;
Shares continued to retreat on both national exchanges after opening this morning's session in positive territory.
The benchmark HNX-Index on the Hanoi Stock Exchange fell by 1 percent to conclude at 67.72 points. More than half of listed stocks sank into the red.
Trading value dropped 13.4 percent against yesterday's figure, totalling just VND234.6 billion (US$11.2 million) on a volume of 23.9 million shares.
On the HCM Stock Exchange, the VN-Index lost a steeper 1.23 percent to close at 409.38 points.
Market value inched up 11 percent to reach VND385.1 billion ($18.4 million), while the volume of trades reached 22.4 million shares.
Of the 10 largest shares by capitalisation, only Eximbank (EIB) and Sacombank (STB) made gains, adding 1.4 and 1.5 percent respectively.
Becamex Infrastructure Co (IJC) was the most active code in HCM City with 1.4 million shares traded, although it closed down 2 percent at VND10,000.
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