ASEAN KEY DESTINATIONS
*ST Index 3,267.4 +24.75 3,242.65 -12.81
Volume: 1,550.7M 2,200.8M
Value: $906.6M $944.1M
Gainers/Losers: 229/155 149/236
Daily Market Commentary (Securities)
02 October 2018
The FBM KLCI index lost 1.85 points or 0.10% on Wednesday. The Finance Index fell 0.02% to 17764.31 points, the Properties Index dropped 0.40% to 978.55 points and the Plantation Index down 0.37% to 7510.38 points. The market traded within a range of 5.57 points between an intra-day high of 1799.80 and a low of 1794.23 during the session.
Actively traded stocks include VS-WA, MYEG, SAPNRG, HIBISCS, KEYASIC, KSTAR, HSI-C3Q, ORION, FITTERS and GLOTEC. Trading volume decreased to 2339.82 mil shares worth RM1993.33 mil as compared to Tuesday’s 3009.21 mil shares worth RM2152.63 mil.
Leading Movers were PMETAL (+11 sen to RM4.96), DIALOG (+3 sen to RM3.55), TM (+1 sen to RM3.13), TENAGA (+4 sen to RM15.58) and PETCHEM (+2 sen to RM9.50). Lagging Movers were MISC (-9 sen to RM6.04), GENTING (-9 sen to RM7.85), DIGI (-5 sen to RM4.77), IHH (-4 sen to RM5.20) and IOICORP (-3 sen to RM4.53). Market breadth was negative with 336 gainers as compared to 472 losers.
The KLCI edged down and closed lower at 1796.30 points amid overnight mix performance in US market. Market sentiment was silenced as investors remained cautious with the development of trade war between China and US.
Date : Wednesday, 03-Oct-2018
Description Volume (Shares/Unit) Value (Rupiah) Frequency
ETF 646,100 120,136,000 32
Stock 8,904,491,862 5,373,694,272,221 390,738
Warrant 57,545,625 8,560,130,725 2,849
Total 8,962,683,587 5,382,374,538,946 393,619
As of 3 October 2018 Unit: M.Baht
Type Buy Sell Net
Institution 4,448.57 6,015.47 -1,566.90
Proprietary 7,519.56 7,573.12 -53.56
Foreign 17,778.13 18,795.26 -1,017.13
Individual 28,392.63 25,755.04 2,637.59
Total Trading Value 58,138.89 M.Baht
SE Asia Stocks-Philippines, Singapore recover on bargain-hunting
The Philippine index snapped a three-day losing streak on Wednesday and ended more than 1 percent higher
as investors picked up battered shares while Singapore hit a near eight-week closing high, helped by gains in financials and consumer stocks.
The Manila index .PSI rose 1.1 percent to 7210.87, led by gains in real estate and industrial stocks. Ayala Land ALI.PS rose 3.1 percent while JG Summit Holdings JGS.PS jumped 4 percent.
"Most likely, some investors are trying to find bargains as 7,100 is expected to be a technical support level. But, the
rally is not driven by fundamentals," said April Lee-Tan, head of research at COL Financial INC.
Meanwhile, investors are keenly awaiting Philippines annual inflation data due on Friday. The annual inflation rate likely continued to climb in September, a Reuters poll showed, keeping pressure on the country's central bank to raise interest rates further.
"The market has been anticipating a bad number."
Among other markets in the region, the Singapore index .STI rose 0.8 percent, led by lender DBS Holdings DBSM.SI , up 1.3 percent, and Thai Beverage TBEV.SI , up 6 percent.
Indonesian shares .JKSE finished 0.1 percent lower, dragged down by consumer staples and materials sectors, as
caution set in after the country's central bank governor said interest rates must be increased before the Federal Reserve raises U.S. rates to avoid "drastic capital reversals".
The index of the country's 45 most liquid stocks was down 0.4 percent.
Thai shares .SETI slid 0.4 percent while the Vietnam index fell 0.2 percent.
SOUTHEAST ASIAN STOCK MARKETS
Market Current Previous close Pct Move
Singapore 3267.4 3242.65 0.76
Bangkok 1741.96 1748.09 -0.35
Manila 7210.87 7132.36 1.10
Jakarta 5867.737 5875.619 -0.13
Kuala Lumpur 1796.3 1798.15 -0.10
Ho Chi Minh 1020.4 1018.79 0.16