ASEAN KEY DESTINATIONS
*ST Index 3,231.59 -35.81 3,267.4 +24.75
Volume: 1,654.8M 1,550.7M
Value: $1,117.3M $906.6M
Gainers/Losers: 136/281 229/155
04 October 2018
The FBM KLCI index lost 6.19 points or 0.34% on Thursday. The Finance Index fell 0.02% to 17761.59 points, the Properties Index dropped 0.35% to 975.09 points and the Plantation Index down 0.11% to 7502.22 points. The market traded within a range of 10.36 points between an intra-day high of 1798.24 and a low of 1787.88 during the session.
Actively traded stocks include SAPNRG, MYEG, HSI-C3P, HSI-C3Q, SANBUMI, VS-WA, PWORTH, HSI-C3O, HIBISCS and ORION. Trading volume decreased to 2060.71 mil shares worth RM2454.67 mil as compared to Wednesday’s 2339.82 mil shares worth RM1993.33 mil.
Leading Movers were PMETAL (+20 sen to RM5.16), SIME (+2 sen to RM2.65), HLFG (+12 sen to RM19.36), CIMB (+1 sen to RM6.06) and HLBANK (+2 sen to RM20.60). Lagging Movers were AXIATA (-12 sen to RM4.50), MAHB (-18 sen to RM8.60), HARTA (-12 sen to RM6.42), MISC (-11 sen to RM5.93) and KLCC (-10 sen to RM7.50). Market breadth was negative with 317 gainers as compared to 528 losers.
The KLCI slid and closed lower at 1790.11 points despite overnight gains in US market. The performance of our local bourse was in line with our regional peers following 10-years US yield climbed to a record high of 3.18 since 2011.
Description Volume (Shares/Unit) Value (Rupiah) Frequency
ETF 520,700 171,202,700 69
Stock 10,810,551,698 8,337,552,848,868 432,556
Warrant 317,035,800 27,875,495,900 2,978
Total 11,128,108,198 8,365,599,547,468 435,603
As of 25 September 2018 Unit: M.Baht
Type Buy Sell Net
Institution 6,204.63 9,640.86 -3,436.23
Proprietary 8,240.48 7,522.81 717.67
Foreign 18,878.93 23,837.43 -4,958.50
Individual 30,987.36 23,310.31 7,677.06
Total Trading Value 64,311.40 M.Baht
SE Asia Stocks-Most slump; Indonesia falls over 2 pct
* Higher U.S. Treasury yields hurt sentiment
* Indonesia extends losses into 4th session
* Philippines hits 3-month low
Oct 4 (Reuters) - Most Southeast Asian stock markets closed lower on Thursday as investors trimmed their exposure to riskier assets after strong U.S. economic data drove up Treasury yields and increased the likelihood of a rate hike in the world's largest economy.
A survey on activity in the United States services sector recorded its highest reading since August 1997, driving up U.S. Treasury yields and the dollar, and sparking speculation that Friday's employment data could also surprise.
Shares of the region's biggest economy, Indonesia, hit a one-month low during the day, while Philippine shares fell to their lowest level in over three months.
Higher U.S. yields is not encouraging for emerging markets as they tend to draw away much-needed foreign funds while pressuring local currencies.
Meanwhile, on Wednesday, Federal Reserve Chairman Jerome Powell said that the central bank may raise interest rates above an estimated "neutral" setting as the "remarkably positive" U.S. economy continues to grow.
The Fed is expected to hike rates again in December, after raising it last week for the third time this year.
Indonesian shares slid 2.1 percent during the day, extending losses into a fourth straight session.
The index was weighed down by financials and consumer stocks, with Unilever Indonesia UNVR.JK falling 4.1 percent and Bank Central Asia BBCA.JK slipping 1.4 percent.
Philippine benchmark index .PSI skidded 1.6 percent as higher U.S. yields are expected to aggravate the country's
growing inflationary concerns.
"Rising yields abroad furthers the inflationary pressure on the Philippines because imports, as a substitute for local
supplies, would be more expensive for us," said Jose Vistan, Research Head at AB Capital Securities in Manila.
The country's September inflation data, which is due on Friday, is expected to rise close to 7 percent, keeping pressure on the central bank to further raise interest rates.
Ayala Land ALI.PS slumped 4.7 percent and JG Summit Holdings JGS.PS slid 5.1 percent.
Singapore shares .STI declined 1.1 percent, dragged down by industrial and financial stocks. Conglomerate Jardine
Matheson Holdings JARD.SI slid 2.9 percent and DBS Group Holdings DBSM.SI lost 0.7 percent.
Thai index .SETI was down 0.7 percent, hurt by energy stocks PTT PCL PTT.BK and PTT Exploration and Production PCL
PTTEP.BK , down 1.4 percent and 2.2 percent, respectively.
SOUTHEAST ASIAN STOCK MARKETS
Market Current Previous close Pct Move
Singapore 3231.59 3267.4 -1.10
Bangkok 1729.4 1741.96 -0.72
Manila 7093.34 7210.87 -1.63
Jakarta 5756.619 5867.737 -1.89
Kuala Lumpur 1790.11 1796.3 -0.34
Ho Chi Minh 1023.62 1020.4 0.32