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ASEAN STOCK WATCH Asean Affairs   29 September  2011

Asean Stock Watch- September 29



U.S. stocks ended down amid ongoing concerns over the global economy, while investors await further developments in the euro zone The Dow Jones Industrial Average dropped 179.79 points, or 1.61 percent, to close at 11,010.90, The S&P 500 lost 24.32 points, or 2.07 per cent, to end at 1,151.06. The Nasdaq fell 55.25 points, or 2.17 percent at 2,491.58.

Meanwhile, gold prices plunged to near USD1,620 an ounce on profit-taking by investors gold rebounded in the previous session. Copper prices fell over 5 percent.


The Malaysian bourse's benchmark index closed higher at 5pm Wednesday on buying interest in select blue chip stocks while other Asian financial markets diverged over concerns about the euro-zone's debt crisis and an impending recession.

Tokyo's Nikkei 225 was up 0.07 percent to 8,615.65 while Hong Kong's Hang Seng Index dipped 0.66% to 18,011.06 and Shanghai's A share index was 0.95 percent lower at 2,392.06.

The benchmark FBM KLCI closed higher by 0.54 percent to 1371.55 and Singapore's Straits Times Index was 0.91 percent lower at 2,701.17.

At Bursa Malaysia, gainers outpaced losers by 407 to 304 while 275 other counters were traded unchanged.

There were 850 million shares done with a total turnover of RM1.52 billion.

Among the gainers were DIGI.Com Bhd which was up 38 sen to RM30.38 and IJM Corp Bhd which rose 29 sen to RM5.00.

The losers included Public Bank Bhd which slipped 16 sen to RM12.04 and AIC Corp Bhd which dropped 13 sen to RM1.12.

At 5pm today, spot gold jumped US$3.60 to US$1,654.33 per ounce while silver slipped 15 cents to US$31.76.

Nymex crude oil in electronic trade dropped US$1.02 to US$83.43 per barrel while Brent crude dropped US$0.79 to US$106.35.

Crude palm oil futures for December delivery dropped RM43 to RM2,905 per tonne.

The ringgit was quoted at 3.165 to the US dollar and 4.308 to the euro.


Singapore shares closed lower on Wednesday, with the benchmark Straits Times Index at 2701.17, down 0.91 percent, or 24.74 points.

About 1.3 billion shares exchanged hands. Losers beat gainers 306 to 134.


The Stock Exchange of Thailand main index went down 15.02 points or 1.59 percent to close at 931.60 points at the end of trading session on Wednesday. The trade value was 28.19 billion baht, with 3.66 billion shares traded.

The SET50 index ended at 649.60 points, down 12.91 points or 1.95 percent, with a total trade value of 22.17 billion baht.

The SET100 index fell 26.52 points or 1.85 percent to stand at 1,409.29 points, with a total turnover of 25.13 billion baht.

The SETHD index went down 20.55 points or 2.20 percent to stand at 912.35 points, with total trade value of 8.21 billion baht.

The MAI index dropped 1.49 points or 0.59 percent to close at 250.86 points, with total transaction value of 374.99 billion baht.

Top five most active values were as follows;

PTT closed at 271.00 baht, down 12.00 baht (4.24 percent)

PTTCH closed at 100.00 baht, down 5.00 baht (4.76 percent)

SCC closed at 271.00 baht, down 15.00 baht (5.24 percent)

TOP closed at 51.75 baht, down 2.50 baht (4.61 percent)

BANPU closed at 566.00 baht, up 4.00 baht (0.71 percent)


Shares were back in the green in Hanoi and retreated in HCM City during today's trade. On the HCM Stock Exchange, the VN-Index dropped 0.8 percent to close at 433.97 points, although the majority of stocks posted gains.

The value of trade eased VND50 billion (US$2.4 million) from yesterday's level to just VND647.1 billion (US$31.3 million) on a volume of 37.6 million shares.

Bluechips tumbled, with most of the 10 leading shares by capitalisation losing value. Food processor Masan Group (MSN) and insurer Bao Viet Holdings (BVH) slumped by nearly 4 per- cent.

Meanwhile, Vietcombank (VCB) rose to its ceiling price of VND27,900 per share. Sacombank (STB), dairy product processor Vinamilk (VNM) and software giant FPT Corp (FPT) advanced by 0.7-1 percent.

Property developer Hoang Quan Co (HQC) reached its ceiling price of VND14,000 and was the most active code with nearly 2.1 million shares changing hands.

On the Ha Noi Stock Exchange, the HNX-Index closed up 0.3 percent to 73.58 points. Gainers outnumbered losers by 142-116.

Trading value fell 25.5 percent compared to yesterday's session to VND386.7 billion ($18.7 million), as 35.8 million shares changed hands.

VNDirect Securities Co (VND) surpassed Kim Long Securities Co (KLS) to be the most heavily traded stock nationwide, with 3.1 million shares exchanged.



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This year in Thailand-what next?

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It is commonplace in journalism to write two types of articles at the transition point between the year that has passed and the New Year. As this writer qualifies as an “old hand” in observing Thailand with a track record dating back 14 years, it is time take a shot at what may unfold in Thailand in 2011.

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