ASEAN KEY DESTINATIONS
*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
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.
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
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
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