ASEAN KEY DESTINATIONS
Singapore Stock Market
*ST Index 3,078.06 +15.55 3,062.51 -7.16
Volume: 1,595.6M 1,853.6M
Value: $842.1M $1,064.2M
Gainers/Losers: 188/172 144/230
22 October 2018
Daily Market Commentary (Securities)
22 October 2018
The FBM KLCI index lost 9.67 points or 0.56% on Monday. The Finance Index fell 0.39% to 17496.54 points, the Properties Index dropped 0.73% to 883.84 points and the Plantation Index down 0.32% to 7403.39 points. The market traded within a range of 8.15 points between an intra-day high of 1730.27 and a low of 1722.12 during the session.
Actively traded stocks include MYEG, DSONIC, SAPNRG, PRESBHD, HIBISCS, TIGER, HSI-C3V, HSI-H4V, DSONIC-WA and IRIS. Trading volume decreased to 1953.84 mil shares worth RM1679.17 mil as compared to Friday’s 2410.39 mil shares worth RM2303.37 mil.
Leading Movers were GENM (+7 sen to RM4.56), KLCC (+9 sen to RM7.60), IHH (+5 sen to RM5.01), MISC (+3 sen to RM5.76) and IOICORP (+2 sen to RM4.55). Lagging Movers were AXIATA (-22 sen to RM3.49), TM (-10 sen to RM2.31), MAXIS (-17 sen to RM5.22), SIME (-6 sen to RM2.44) and RHBBANK (-12 sen to RM5.21). Market breadth was negative with 315 gainers as compared to 497 losers.
The KLCI closed lower at 1722.47 points amid last Friday’s mixed performance. The performance of our local bourse was bogged down by selling interest in heavy weight counters such as Axiata, TM and Maxis.
Description Volume (Shares/Unit) Value (Rupiah) Frequency
ETF 12,400 6,028,200 17
Stock 8,874,557,132 5,993,751,194,919 313,496
Warrant 17,147,800 1,593,255,400 1,316
Total 8,891,717,332 5,995,350,478,519 314,829
As of 22 Oct 2018 Unit: M.Baht
Type Buy Sell Net
Institution 2,859.47 2,262.25 597.22
Proprietary 4,669.62 5,474.14 -804.52
Foreign 16,470.60 16,532.10 -61.50
Individual 16,735.59 16,466.79 268.80
Total Trading Value 40,735.29 M.Baht
SE Asia Stocks-Philippines extends gains to 5th session
* Philippines notches up 4.5 pct gain over 5 sessions
* Malaysian stocks end lower amid caution ahead of budget
Oct 22 (Reuters) - Philippine shares surged on Monday,extending their gains to a fifth straight session, while most
other Southeast Asian stock markets put in lacklustre performances.
The Philippine index .PSI closed 1.2 percent higher, notching up a 4.5 percent gain over the last five sessions, as
real-estate developer SM Prime Holdings SMPH.PS gained after reporting a jump in quarterly earnings.
Bank stocks also boosted the Philippine market, with BDO Unibank Inc BDO.PS gaining 2.6 percent and Metropolitan Bank and Trust Co MBT.PS adding 4.5 percent.
Singapore shares .STI edged 0.5 percent higher as consumer goods and industrial stocks ticked up. Wine and soda distiller Thai Beverage PCL TBEV.SI added 3.1 percent and casino and gaming operator Genting Singapore Ltd GENS.SI rose 1.6 percent.
Indonesian shares .JKSE traded nearly flat, as telecom stocks like Telekomunikasi Indonesia Tbk TLKM.JK rose 1.8 percent and PT Indosat Tbk ISAT.JK added 6.0 percent to offset losses in the banking sector.
Meanwhile, Malaysian stocks .KLSE led losses in the region, closing 0.6 percent lower, as telecom giant Axiata Group Bhd AXIA.KL shed 6 percent and Telekom Malaysia TLMM.KL lost 4.2 percent.
"General sentiment in the Malaysian market is pretty cautious awaiting the upcoming union budget," said Nik-Ihsan, a technical analyst with Maybank Kim Eng.
The government had recently unveiled new forecasts, indicating wider fiscal deficits than earlier expected and an
austere 2019 budget scheduled to be presented on Nov. 2.
Rating agencies have warned its sovereign credit ratings could take a hit if the government cannot narrow its budget
Vietnamese stocks .VNI closed 0.5 percent lower, led by losses in financials. Joint Stock Commercial Bank for Foreign Trade of Vietnam VCB.HM dropped 1 percent, while Vietnam Prosperity Joint Stock Commercial Bank VPB.HM fell 2.7 percent.
Prime Minister Nguyen Xuan Phuc said on Monday foreign direct investment inflows into Vietnam this year would likely reach a record $18 billion.
He also said the Southeast Asian country would aim to keep the inflation rate at 4 percent for 2019.
However, he added there was pressure on Vietnam's inflation rate due to higher prices for crude oil and electricity as well as education and healthcare services.
Thai shares fell 0.6 percent as investor sentiment was hit after disappointing trade data for September. Exports, the key driver of its growth, fell 5.2 percent from a year earlier.
SOUTHEAST ASIAN STOCK MARKETS
Market Current Previous close Pct Move
Singapore 3078.06 3062.51 0.51
Bangkok 1658.56 1667.91 -0.56
Manila 7236.16 7151.52 1.18
Jakarta 5840.435 5837.291 0.05
Kuala Lumpur 1722.47 1732.14 -0.56
Ho Chi Minh 953.51 958.36 -0.51