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Singapore

                                  Tuesday                       Monday
*ST Index         3,131.48  -35.12             3,166.6  -14.85
Volume:                   1,583.4M                     1,674.2M
Value:                    $1,124.2M                      $991.3M
Gainers/Losers:         119/302                        170/199


Malaysia
09 October 2018

The FBM KLCI index lost 38.97 points or 2.20% on Wednesday. The Finance Index fell 1.08% to 17487.66 points, the Properties Index dropped 3.45% to 922.06 points and the Plantation Index down 0.61% to 7449.27 points. The market traded within a range of 49.29 points between an intra-day high of 1781.79 and a low of 1732.50 during the session.

Actively traded stocks include GAMUDA, SAPNRG, HIBISCS, HSI-C3T, BORNOIL, MYEG, ORION, GLOTEC, MRCB and NETX. Trading volume increased to 3024.92 mil shares worth RM2958.59 mil as compared to Tuesday’s 1804.83 mil shares worth RM1526.14 mil.

Leading Movers were MISC (+13 sen to RM5.79), SIME (+3 sen to RM2.63), KLCC (+5 sen to RM7.60), PMETAL (+1 sen to RM4.91) and KLK (+2 sen to RM24.94). Lagging Movers were TM (-48 sen to RM2.55), AXIATA (-51 sen to RM3.85), GENTING (-46 sen to RM7.30), GENM (-27 sen to RM4.66) and TENAGA (-70 sen to RM14.68). Market breadth was negative with 116 gainers as compared to 994 losers.

The KLCI tumbled to 1735.18 points amid overnight mixed performance in US market. The performance of our local bourse was bogged down by selling interest in heavy weight counters such as TM, Axiata and Genting.


Indonesia

Trading Summary
10 October 2018
Description            Volume (Shares/Unit)          Value (Rupiah)         Frequency
ETF                                     2,369,700                 1,013,363,800                     59
Stock                          14,701,702,465          7,440,665,043,620            347,574
Right                                          8,000                      27,080,000                      11
Warrant                             37,704,850                 5,177,146,900                 3,196
Total                           14,741,785,015          7,446,882,634,320             350,840


Thailand

Trading Summary     


Type                        Buy                    Sell              Net
Institution           8,488.15          3,776.35       4,711.81
Proprietary         6,047.81          6,332.29         -284.47
Foreign             16,132.47        17,938.94     -1,806.47
Individual         16,211.04        18,831.91     -2,620.87
Total Trading Value     46,879.48 M.Baht


Asean

SE Asia Stocks-Most decline; Malaysia hits near 3-month closing low


Oct 10 (Reuters) - Most Southeast Asian stock markets fell on Wednesday after the International Monetary Fund (IMF) said risks to the global financial system could increase if pressures in emerging markets escalate or global trade relations deteriorate further.
    
Malaysian shares  recorded their lowest close since July 16 on concerns over possible new taxes while Singapore  .STI  extended losses to a fifth straight session, dragged by financials.
    
The IMF, a day after cutting its global growth forecasts, said in a research report on Wednesday that emerging market  countries excluding China could face debt portfolio outflows of up to $100 billion, a level last seen during the 2008 global  financial crisis.  
    
The Malaysian index fell 2.2 percent, extending losses to a sixth session, a day after Prime Minister Mahathir Mohamad said the country may introduce new taxes as it struggles with liabilities of around 1 trillion ringgit ($241.05 billion).
     
Telekom Malaysia plunged 15.8 percent while Axiata Group slumped 11.7 percent.
    
Singapore shares closed 1.1 percent lower, with DBS Group Holdings  DBSM.SI  and Oversea-Chinese Banking Corp  OCBC.SI  declining 1.2 percent and 0.9 percent, respectively.
    
"Asia stock traders remain jaded based on substantial trade war risks; making it very challenging to have a constructive view on investments in general ...," OANDA Head of Trading - APAC, Stephen Innes said in a note.  
    
Philippine shares  .PSI  fell 0.8 percent to their lowest in three-and-a-half months, weighed down by financial and
industrial stocks. BDO Unibank  BDO.PS  dropped 2.7 percent while JG Summit Holdings  JGS.PS  slipped 3.1 percent.  
    
"Being an export-oriented country, a slowdown in projected global growth is going to affect the external segment of our economy which is mostly exports and services," said Jose Vistan, research head at AB Capital Securities.
    
Data released earlier in the day showed Philippines trade deficit stayed well above $3 billion for the fifth straight
month in August.  
    
Thai shares  .SETI  closed 1.5 percent higher, boosted by energy stocks PTT PCL  PTT.BK  and PTT Exploration and Production  .
    
The recent fall seems to have made Thai equities less expensive. So, some buying is seen from investors who look
long-term for tax benefits, said Teerada Charnyingyong, an analyst with Phillip Capital Thailand.
    
Vietnam shares  .VNI  hit a 3-week closing low, while Indonesia shares  .JKSE  gained for a third straight session.
    
($1 = 4.1485 ringgit)
        
SOUTHEAST ASIAN STOCK MARKETS
                  
 Market                Current           Previous close      Pct Move
 Singapore           3131.48                3166.6                -1.11
 Bangkok             1721.82                1696.92               1.47
 Manila                7001.14                7059.38              -0.83
 Jakarta                5820.668              5796.79                0.41
 Kuala Lumpur    1735.18                1774.15              -2.20
 Ho Chi Minh        993.96                  996.19              -0.22
                                        
    



  Today's  Stories                      October 10, 2018 
• External pressures to continue into 2019: Sri Mulyani
• Myanmar to host ASEAN Committee on Culture and Information  Subcribe: Asean Affairs Global Magazine
• Viet Nam to make investment environment friendlier for investors: NA leader Subsribe Now !
• VN mobile testing app raises $3m
Research Reports
on Thailand 2007-2008

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• Coffee industry
• Leather and footwear industry
• Shrimp industry

• Roque: Duterte ordered unlimited rice importation to bring down food prices
Asean Stock Watch   October 10,  2018

• Asean Stock Watch-October 10, 2018
Asean Analysis                June 15,  2018
• Asean Analysis June  11, 2018
Inflation may yet peak —Diokno
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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

ASEAN  ANALYSIS

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

 


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