ASEAN KEY DESTINATIONS
*ST Index 3,242.65 -12.81 3,255.46 -1.59
Volume: 2,200.8M 1,045.3M
Value: $944.1M $764.7M
Gainers/Losers: 149/236 222/15
Daily Market Commentary (Securities)
02 October 2018
The FBM KLCI index gained 5.69 points or 0.32% on Tuesday. The Finance Index increased 0.04% to 17768.66 points, the Properties Index dropped 0.84% to 982.46 points and the Plantation Index rose 0.12% to 7537.91 points. The market traded within a range of 6.48 points between an intra-day high of 1798.15 and a low of 1791.67 during the session.
Actively traded stocks include SAPNRG, VELESTO, HIBISCS, VIVOCOM-WE, PERDANA, REACH, EAH-WE, REACH-WA, DNEX and HIBISCS-WC. Trading volume increased to 3009.21 mil shares worth RM2152.63 mil as compared to Monday’s 2402.25 mil shares worth RM1632.48 mil.
Leading Movers were GENM (+11 sen to RM5.05), GENTING (+17 sen to RM7.94), MISC (+8 sen to RM6.13), SIME (+3 sen to RM2.64) and DIALOG (+4 sen to RM3.52). Lagging Movers were TM (-5 sen to RM3.12), HARTA (-6 sen to RM6.54), HLFG (-16 sen to RM19.20), MAHB (-5 sen to RM8.80) and AXIATA (-2 sen to RM4.63). Market breadth was negative with 376 gainers as compared to 554 losers.
The KLCI closed higher at 1798.15 points amid overnight gains in US market. The performance of our local bourse was mainly lifted by buying interest in heavy weight counters such as Genting Malaysia, Genting and Dialog.
Description Volume (Shares/Unit) Value (Rupiah) Frequency
ETF 617,800 87,673,100 31
Stock 11,848,857,040 7,842,282,598,403 443,298
Warrant 47,515,950 12,371,364,800 5,856
Total 11,896,990,790 7,854,741,636,303 449,185
As of 2 October 2018 Unit: M.Baht
Type Buy Sell Net
Institution 5,922.38 8,665.68 -2,743.30
Proprietary 8,750.04 9,018.30 -268.27
Foreign 21,587.06 24,860.88 -3,273.83
Individual 27,964.61 21,679.21 6,285.40
Total Trading Value 64,224.08 M.Baht
SE Asia Stocks-Most down; Philippines extends fall
* Philippine shares fall over 1 pct on rising oil prices
* Indonesia ends lower after rupiah breaks 20-year low
* Singapore manufacturing data awaited
Oct 2 (Reuters) - Most Southeast Asian stock markets closed lower on Tuesday as investors turned cautious after the
International Monetary Fund (IMF) said trade disputes and tariffs are starting to dim the outlook for global growth.
IMF Managing Director Christine Lagarde on Monday said growth was at its highest level since 2011, but had plateaued, with fewer countries participating in the expansion.
Meanwhile, oil prices hit their highest level since November 2014 on Tuesday and Brent crude was near a 4-year peak.
The Manila index .PSI closed 1.2 percent lower as higher crude oil prices worsened inflationary and monetary policy concerns. The real estate sector, led by a 5.1 percent slide in SM Prime Holdings SMPH.PS and a 3.2 percent fall in Ayala Land ALI.PS , was the biggest drag on the index.
"The weakness today is due to the continued rise in global oil prices. Philippines being an importer of oil, higher global oil prices could accelerate inflation concerns even more," said Charles William Ang, associate analyst at COL Financial Group Inc.
"The (Philippine) central bank might be forced to raise interest rates to control inflation, and higher interest rates
would be bad for equities."
Last week, the Philippine central bank had raised interest rates for the fourth time in five months and had kept the door open for further tightening.
Indonesian stocks .JKSE erased early gains and ended 1.2 percent lower as investors looked to reduce their exposure amid a falling rupiah IDR= that broke a 20-year low. The currency lost nearly 1 percent to the dollar for the day.
"I think it's more of a sentiment issue. It's beyond Indonesia's control ... all they can do is to counter these
internally," said Taye Shim, head of research at Mirae Asset Sekuritas in Indonesia, referring to global uncertainties and factors.
The materials and financial sectors were the biggest drags on the index. Indah Kiat Pulp & Paper Tbk INKP.JK and Bank Mandiri (Persero) Tbk BMRI.JK fell 6.3 percent and 3.7 percent, respectively.
Thai shares .SETI closed 0.7 percent lower while the Singapore index .STI ended 0.4 percent weaker.
SOUTHEAST ASIAN STOCK MARKETS
Market Current Previous close Pct Move
Singapore 3242.65 3255.46 -0.39
Bangkok 1748.09 1760.47 -0.70
Manila 7132.36 7222.08 -1.24
Jakarta 5875.619 5944.601 -1.16
Kuala Lumpur 1798.15 1792.46 0.32
Ho Chi Minh 1018.79 1012.88 0.58