ASEAN KEY DESTINATIONS
*ST Index 3,209.79 -21.8 3,231.59 -35.81
Volume: 1,547.4M 1,654.8M
Value: $936.2M $1,117.3M
Gainers/Losers: 125/243 136/281
Daily Market Commentary (Securities)
05 October 2018
The FBM KLCI index lost 12.96 points or 0.72% on Friday. The Finance Index fell 0.28% to 17712.12 points, the Properties Index dropped 0.72% to 968.1 points and the Plantation Index down 0.26% to 7482.43 points. The market traded within a range of 11.00 points between an intra-day high of 1787.52 and a low of 1776.52 during the session.
Actively traded stocks include SAPNRG, MRCB, HSI-C3Q, MYEG, HSI-H4O, YONGTAI, BORNOIL, SANBUMI, HSI-C3P and GBGAQRS-WB. Trading volume decreased to 2054.47 mil shares worth RM1886.26 mil as compared to Thursday’s 2060.71 mil shares worth RM2454.67 mil.
Leading Movers were KLCC (+5 sen to RM7.55), HLBANK (+0 sen to RM20.60), SIMEPLT (+0 sen to RM5.25), KLK (+2 sen to RM25.00) and PBBANK (+2 sen to RM24.98). Lagging Movers were AXIATA (-20 sen to RM4.30), DIALOG (-9 sen to RM3.44), MISC (-13 sen to RM5.80), IHH (-9 sen to RM5.10) and TM (-5 sen to RM3.08). Market breadth was negative with 265 gainers as compared to 639 losers.
The KLCI continued to slide and closed lower at 1777.15 points amid overnight retreat in US market. The performance of our local bourse was in line with our regional peers over concern of rising rate.
Date : Friday, 05-Oct-2018
Description Volume (Shares/Unit) Value (Rupiah) Frequency
ETF 507,500 101,298,400 51
Stock 14,335,561,469 7,178,337,084,819 335,566
Warrant 70,848,775 12,560,945,125 4,684
Total 14,406,917,744 7,190,999,328,344 340,301
Type Buy Sell Net
Institution 4,034.35 4,735.21 -700.86
Proprietary 5,795.93 5,432.51 363.42
Foreign 14,338.80 16,617.21 -2,278.42
Individual 22,656.73 20,040.87 2,615.86
Total Trading Value 46,825.81 M.Baht
SE Asia Stocks-Fall as U.S. Treasury yields hit over 7-year high
* Philippines falls for 5th straight week
* Indonesia ends week 4.1 pct lower
* U.S. payrolls data awaited
Oct 5 (Reuters) - Southeast Asian stock markets fell on Friday, wrapping up the week with losses, as U.S. Treasury
yields hit a more than seven-year high after robust economic data and hawkish comments from Federal Reserve officials stoked
concerns of faster-than-expected interest rate hikes.
The yield on 10-year Treasury bonds on Thursday hit its highest level since May 2011 on expectations that Friday's
payrolls report would be stronger than expected, thereby strengthening the Fed's case for an interest rate hike.
Higher U.S. yields are not favourable for emerging markets, as they tend to draw away foreign funds while pressuring local currencies.
Investors are expected to scour the U.S. government's September payroll report scheduled for release on Friday and
look closely for signs of wage growth, which could fan concerns about inflation.
A Reuters poll showed non-farm payrolls likely increased by 185,000 jobs after rising 201,000 the previous month, with unemployment rate seen falling to an 18-month low of 3.8 percent.
In the region, the Philippine index .PSI ended 0.2 percent lower weighed down by industrials. The index posted a 2.7 pct decline on week, its fifth straight weekly fall.
Earlier in the day, data showed the country's inflation rose for a ninth straight month in September, hitting a near-decade high of 6.7 percent, although coming in slightly lower than the 6.8 forecast in a Reuters poll.
Conglomerate JG Summit Holdings JGS.PS declined 3.4 percent and SM Investments Corp SM.PS fell 0.6 percent.
Singapore shares .STI slipped 0.7 percent as Oversea-Chinese Banking Corporation OCBC.SI declined 0.9
percent and Jardine Matheson Holdings JARD.SI slipped 0.4 percent. The city-state's benchmark index is down 1.5 percent this week.
The country's central bank on Friday said it would issue its semiannual policy statement on October 12. As per a Reuters poll, the bank is expected to tighten it's monetary policy.
Malaysia's benchmark index .KLSE fell 0.7 percent to a seven-week closing low and ended the week 0.9 percent lower.
Government data showed the country's exports fell in August for the first time in six months, hit by declining shipments of palm oil and slowing demand from the United States.
Indonesian shares .KLSE slumped 4.1 percent this week while Thai stocks ended the week 1.9 percent down.
SOUTHEAST ASIAN STOCK MARKETS
Market Current Previous Close Pct Move
Singapore 3209.79 3231.59 -0.67
Bangkok 1720.52 1729.4 -0.51
Manila 7078.2 7093.34 -0.21
Jakarta 5731.935 5756.619 -0.43
Kuala Lumpur 1777.15 1790.11 -0.72
Ho Chi Minh 1008.39 1023.62 -1.49