Sign up | Log in




Home  >>  Daily News  >>  ASEAN STOCK WATCH

ASEAN STOCK WATCH Asean Affairs   26  October  2011

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.

The Jakarta Composite Index gained only 3.69 points, or 0.1 percent, to close at 3,710.48. About 3.93 billion shares worth Rp 3.86 trillion ($436 million) changed hands as decliners beat gainers 110 to 98.

Foreign investors bought Rp 192 billion more in shares than they sold.

“Investors prefer to wait for a big announcement from Europe than stay in any one position,” said Abidan Saragih, an analyst with Pacific 2000 Securities.

Euro zone policy makers are expected to reveal their rescue plan for Greece today. Final plans for recapitalizing banks and shoring up Greece, as well as the final amount of the rescue fund, are expected be revealed.

The mining sector was the top gainer on the JCI on Tuesday after Moody’s ratings agency gave Indonesia’s coal industry a stable outlook despite uncertainty in the global economic outlook. The sector rose 0.9 percent.

Adaro Energy, the nation’s second-largest coal producer, rose 2.6 percent to Rp 2,000. Bayan Resources, another coal miner, gained 1.3 percent to Rp 19,100.

Astra Agro Lestari, Indonesia’s largest listed palm oil producer, gained 1.8 percent to Rp 20,200. On Tuesday, the company reported a 17 percent increase in its total crude palm oil sales in January to September this year compared to the same period last year. Its average selling price for CPO rose 16.5 percent.

Perusahaan Perkebunan London Sumatra Indonesia, the nation’s third-biggest listed plantation firm, dropped 1.2 percent to Rp 2,050 after CIMB Investment Bank cut the stock’s rating to “underperform” from “neutral.”

Akra Corporindo, a leading energy product distributor, climbed 2.7 percent to Rp 2,900 after reporting a jump in its profit. Net profit at Akra surged to Rp 2.14 trillion in the first nine months this year from Rp 225.34 billion a year earlier.

The rupiah strengthened 0.2 percent to trade at 8,865 to the dollar on Tuesday. The currency has been under selling pressure in recent weeks as offshore investors fled to safe havens.


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.
Market breadth, however, was negative with decliners led advancers by 373 to 299 while 289 counters traded unchanged. Turnover stood at 950.6 million shares worth RM1.07bil.

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.
About 891 million shares exchanged hands.

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;
PTTGC  closed at     62.00 baht, up 8.00 baht (14.81 percent)
PTT       closed at   297.00 baht, up 13.00 baht (4.58 percent)
SCC      closed at   306.00 baht, up 17.00 baht (5.88 percent)
KBANK  closed at   121.00 baht, up 6.00 baht (5.22 percent)
KTB      closed at     14.60 baht, up 0.70 baht (5.04 percent)


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.
Kim Long Securities Co (KLS) was the most heavily traded stock, with more than 2.2 million shares changing hands.

On the HCM Stock Exchange, the VN-Index lost a steeper 1.23 percent to close at 409.38 points.
Losers outnumbered gainers by 153-67.

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.


Comment on this Article. Send them to
Letters that do not contain full contact information cannot be published.
Letters become the property of AseanAffairs and may be republished in any format.
They typically run 150 words or less and may be edited
submit your comment in the box below 




1.  Verifier

1. Verifier

For security purposes, we ask that you enter the security code that is shown in the graphic. Please enter the code exactly as it is shown in the graphic.
Your Code
Enter Code

Today's  Stories    25  October  2011 Subsribe Now !
• Thai irrigation makes flood announcement Subcribe: Asean Affairs Global Magazine
• Moody reassures on Thai credit rating Asean Affairs Premium

• Indonesian bonds attract investors

Research Reports
on Thailand 2007-2008

•Textiles and Garments Industry

•Coffee industry

•Leather and footwear industry

•Shrimp industry

• Natural gas improves buses
• Philippines strikes separatists
• Philippine poll fraud enquiry continues
• Singapore, China sign maritime agreement

• Vietnamese delta makes improvements


Asean Analysis              25  October  2011

Advertise Your Brand
• Asean Analysis-October 25 Sponsor Our Events

Asean Stock Watch      25  October  2011

• Asean Stock Watch-October 25 p

ASEAN NEWS UPDATES      Updated: 04 January 2011

 • Women Shariah scholars see gender gap closing
• Bank Indonesia may hold key rate as inflation hits 7 percent

• Bursa Malaysia to revamp business rules
• Private property prices hit new high in Singapore • Bangkok moves on mass transport
• Thai retailers are upbeat
• Rice exports likely to decline • Vietnamese PM projects 10-year socioeconomic plan


This year in Thailand-what next?

AseanAffairs   04 January 2011
By David Swartzentruber      

It is commonplace in journalism to write two types of articles at the transition point between the year that has passed and the New Year. As this writer qualifies as an “old hand” in observing Thailand with a track record dating back 14 years, it is time take a shot at what may unfold in Thailand in 2011.

The first issue that can’t be answered is the health of Thailand’s beloved King Bhumibol, who is now 83 years old. He is the world's longest reigning monarch, but elaborate birthday celebrations in December failed to mask concern over his health. More


Home | About Us | Contact Us | Special Feature | Features | News | Magazine | Events | TV | Press Release | Advertise With us

Our Products | Work with us | Terms of Use | Site Map | Privacy Policy | Refund Policy | Shipping/Delivery Policy | DISCLAIMER |

Version 5.0
Copyright © 2007-2015 TIME INTERNATIONAL MANAGEMENT ENTERPRISES CO., LTD. All rights reserved.
Bangkok, Thailand