ASEAN KEY DESTINATIONS
*ST Index 3,181.45 -28.34 3,209.79 -21.8
Volume: 1,828.2M 1,547.4M
Value: $1,078.5M $936.2M
Gainers/Losers: 103/292 125/243
04 October 2018
Daily Market Commentary (Securities)
08 October 2018
The FBM KLCI index lost 1.40 points or 0.08% on Monday. The Finance Index fell 0.19% to 17678.6 points, the Properties Index dropped 1.05% to 957.89 points and the Plantation Index rose 0.15% to 7493.57 points. The market traded within a range of 8.47 points between an intra-day high of 1778.19 and a low of 1769.72 during the session.
Actively traded stocks include GAMUDA, SAPNRG, GAMUDA-C52, HSI-C3Q, VC, MYEG, HIBISCS, OWG-WA, PWORTH and HSI-H4O. Trading volume increased to 2369.80 mil shares worth RM1820.96 mil as compared to Friday’s 2054.47 mil shares worth RM1886.26 mil.
Leading Movers were IHH (+20 sen to RM5.30), IOICORP (+8 sen to RM4.57), DIGI (+3 sen to RM4.71), NESTLE (+50 sen to RM146.40) and PETDAG (+6 sen to RM26.00). Lagging Movers were PMETAL (-15 sen to RM4.93), TM (-7 sen to RM3.01), SIME (-3 sen to RM2.60), HARTA (-7 sen to RM6.31) and RHBBANK (-5 sen to RM5.28). Market breadth was negative with 195 gainers as compared to 745 losers.
The KLCI closed lower at 1775.75 point amid overnight losses in US market. Market sentiment was muted as lack of fresh lead.
Date : Monday, 08-Oct-2018
Description Volume (Shares/Unit) Value (Rupiah) Frequency
ETF 519,600 158,340,500 30
Stock 12,950,934,305 6,899,175,553,774 359,830
Warrant 13,193,175 3,185,105,750 2,360
Total 12,964,647,080 6,902,519,000,024 362,220
Type Buy Sell Net
Institution 4,788.68 7,818.09 -3,029.41
Proprietary 7,313.97 7,901.56 -587.59
Foreign 19,943.89 22,310.91 -2,367.01
Individual 27,580.57 21,596.56 5,984.01
Total Trading Value 59,627.11 M.Baht
SE Asia Stocks-Most decline tracking China; Singapore down nearly 1 pct
Most Southeast Asian stock markets stumbled on Monday following their Chinese peers, which fell
despite the country's central bank increasing liquidity to offset the fallout of a months-long U.S.-China trade row.
Sino-U.S. tensions intensified over the last week with U.S. Vice President Mike Spence accusing China of meddling in next month's congressional elections and a report that Chinese spies had compromised U.S. hardware.
"There is negative impact from the Chinese stock market because the central bank's measure cannot fully offset the
negative sentiment from last week," said Rakpong Chaisuparakul, an analyst at KGI Thailand.
The People's Bank of China on Sunday cut the minimum cash reserve that banks must hold, in a move to support the economy.
Chinese markets reacted for the first time, after a week-long holiday, to last week's surge in benchmark U.S.
Treasury yields and strong economic data which sparked concerns of a faster-than-expected rate hike by the Federal Reserve.
MSCI's broadest index of Asia-Pacific shares outside Japan was 0.9 percent lower.
Singapore's benchmark index .STI continued to decline on Monday, closing lower for a third straight session, ahead of possible tightening of monetary policy by the central bank this week.
The Monetary Authority of Singapore is expected to tighten monetary policy at Friday's review, in an attempt to balance the risks of growth and inflation amid global trade frictions.
United Overseas Bank UOBH.SI fell 2.1 percent and conglomerate Jardine Matheson Holdings JARD.SI slid 1 percent.
Thai shares .SETI fell 1.4 percent, extending losses into a fifth session, weighed down by energy and materials sector.
PTT Exploration and Production declined 3.3 percent while Indorama Ventures IVL.BK slumped 5.7 percent.
On the other hand, Indonesia stocks bucked the trend to rise 0.5 percent, with financial and consumer shares boosting the index. Bank Central Asia gained 1.7 percent and Unilever Indonesia UNVR.JK advanced 3.6 percent.
The country's central bank has intervened to manage the rupiah's volatility, a senior official told Reuters on Monday,
after the currency weakened to its lowest in over 20 years.
SOUTHEAST ASIAN STOCK MARKETS
Market Current Previous close Pct Move
Singapore 3181.45 3209.79 -0.88
Bangkok 1696.22 1720.52 -1.41
Manila 7050.82 7078.2 -0.39
Jakarta 5761.073 5731.935 0.51
Kuala Lumpur 1775.75 1777.15 -0.08
Ho Chi Minh 996.12 1008.39 -1.22