ASEAN KEY DESTINATIONS
Singapore Stock Market
*ST Index 3,176.57 +37.23 3,139.34 -2.06
Volume: 1,303.1M 1,431.7M
Value: $988.4M $905.9M
Gainers/Losers: 245/155 168/219
Daily Market Commentary (Securities)
19 September 2018
The FBM KLCI index gained 7.77 points or 0.43% on Wednesday. The Finance Index increased 0.77% to 17832.03 points, the Properties Index up 0.47% to 999.16 points and the Plantation Index rose 0.54% to 7554.08 points. The market traded within a range of 11.04 points between an intra-day high of 1805.65 and a low of 1794.61 during the session.
Actively traded stocks include SAPNRG, MYEG, VC, MRCB, QES, HIBISCS, BORNOIL, NOVAMSC, A50CHIN-H17 and HSI-H4I. Trading volume increased to 2007.36 mil shares worth RM1896.27 mil as compared to Tuesday’s 1788.21 mil shares worth RM1977.77 mil.
Leading Movers were PMETAL (+13 sen to RM4.86), IHH (+13 sen to RM5.19), HLBANK (+46 sen to RM20.66), RHBBANK (+9 sen to RM5.40) and TM (+5 sen to RM3.20). Lagging Movers were HARTA (-15 sen to RM6.59), GENM (-5 sen to RM4.82), SIME (-2 sen to RM2.56), MISC (-3 sen to RM5.94) and TENAGA (-4 sen to RM15.78). Market breadth was positive with 502 gainers as compared to 368 losers.
The KLCI closed slightly above the psychological level of 1800 points to 1800.71 points amid overnight rally in US market. The performance of our local bourse was lifted by buying interest in heavy counters such as Press Metal, IHH Healthcare and Hong Leong Bank.
Date : Wednesday, 19-Sep-2018
Description Volume (Shares/Unit) Value (Rupiah) Frequency
ETF 6,841,200 3,329,663,700 20
Stock 9,688,371,044 6,597,548,249,665 408,004
Right 5,144,200 5,144,200 34
Warrant 84,021,700 8,900,803,100 902
Total 9,784,378,144 6,609,783,860,665 408,960
As of 19 September 2018 Unit: M.Baht
Type Buy Sell Net
Institution 15,920.86 9,735.25 6,185.62
Proprietary 11,393.62 12,068.76 -675.14
Foreign 28,100.28 26,499.09 1,601.19
Individual 36,980.19 44,091.85 -7,111.67
Total Trading Value 92,394.95 M.Baht
SE Asia Stocks-Most markets rise as investors move on from trade war fears
* Thailand extends gains to near 4-month closing high
* Singapore rises 1.2 pct to two-week closing high
* Philippine falls about 1 pct on foreign selling
By Sumeet Gaikwad
Sept 19 (Reuters) - Most Southeast Asian stock markets rose on Wednesday, tracking gains in broader Asia, as investors shrugged off the latest round of tariff war between Washington and Beijing.
China will levy tariffs on about $60 billion worth of U.S. goods in retaliation for new U.S tariffs, as previously planned, but has reduced the volume of tariffs that it will collect on the products.
The new tariff measures will take effect on Sept. 24, the date when the United States says it will begin to levy new
tariffs of 10 percent on $200 billion of Chinese products.
"Financial markets may be turning slightly blase towards the U.S.-China tit-for-tat trade war, with China's retaliation of tariffs on $60 billion of U.S. imports .... providing some respite to the sell-off for selected Asian bourses," OCBC said in a note.
Thai shares closed higher for a second straight session and posted their highest close since May 23, helped by
gains across the board.
Index heavyweights PTT Pcl PTT.BK and CP All Pcl CPALL.BK rose 1 percent and 3.7 percent, respectively.
Earlier in the day, the central bank left its key policy rate unchanged at 1.50 percent, as widely expected, and
maintained its forecasts for export and economic growth this year.
Consumer stocks helped Indonesian shares .JKSE climb 1.1 percent with Astra International ASII.JK rising nearly 5.3 percent and Unilever Indonesia UNVR.JK adding 1.5 percent.
An index of the country's 45 most liquid stocks rose 1.2 percent.
Singapore stocks .STI gained 1.2 percent after two straight sessions of declines and posted a two-week closing
DBS Group Holdings DBSM.SI , the city-state's top lender, rose 1.2 percent, while Oversea-Chinese Banking Corp OCBC.SI added 0.7 percent.
Meanwhile, Philippine shares .PSI fell nearly 1 percent to a more than two-month closing low, dragged by financials.
Bank of the Philippine Islands BPI.PS and Ayala Corp AC.PS declined 3.2 percent and 2.1 percent, respectively.
The archipelago is facing high inflation and rising costs, with the situation worsening due to a weak peso PHP= . This has sparked concerns of a widening current account deficit with the central bank signalling a fourth hike in its benchmark interest rates this year, a central bank official said on Tuesday.
Foreign investors net sold $11.8 million worth shares on Wednesday, according to Thomson Reuters Eikon Data.
SOUTHEAST ASIAN STOCK MARKETS
Market Current Previous close Pct Move
Singapore 3176.57 3139.34 1.19
Bangkok 1749.8 1744.42 0.31
Manila 7221.23 7286.34 -0.89
Jakarta 5873.597 5811.79 1.06
Kuala Lumpur 800.71 1792.94 0.43
Ho Chi Minh 995.54 993.49 0.21