ASEAN KEY DESTINATIONS
Singapore Stock Market
*ST Index 3,217.68 +37.25 3,180.43 +3.86
Volume: 1,628.3M 1,649.4M
Value: $1,713.8M $926.7M
Gainers/Losers: 261/156 180/184
Daily Market Commentary (Securities)
21 September 2018
The FBM KLCI index gained 6.94 points or 0.38% on Friday. The Finance Index increased 0.35% to 17968.66 points, the Properties Index up 0.40% to 1000.58 points and the Plantation Index down 0.23% to 7552.19 points. The market traded within a range of 4.09 points between an intra-day high of 1813.53 and a low of 1809.44 during the session.
Actively traded stocks include SAPNRG, DIALOG, MAYBANK, MYEG, HSI-H4O, LIONIND, VELESTO, LAYHONG-WA, HSI-C3P and CIMB. Trading volume increased to 2068.43 mil shares worth RM3612.76 mil as compared to Thursday’s 1940.22 mil shares worth RM2022.60 mil.
Leading Movers were GENM (+15 sen to RM5.04), PMETAL (+14 sen to RM5.03), TM (+8 sen to RM3.21), IHH (+8 sen to RM5.24) and AXIATA (+5 sen to RM4.68). Lagging Movers were IOICORP (-11 sen to RM4.48), KLCC (-7 sen to RM7.72), TENAGA (-8 sen to RM15.68), RHBBANK (-0 sen to RM5.45) and MAYBANK (-0 sen to RM9.79). Market breadth was positive with 477 gainers as compared to 389 losers.
The KLCI closed higher at 1810.64 points amid overnight gains in US market. The performance of our local bourse was lifted by buying interest in heavy weight counter such as Genting Malaysia, Press Metal and Telekom Malaysia.
Date : Friday, 21-Sep-2018
Description Volume (Shares/Unit) Value (Rupiah) Frequency
ETF 346,500 40,063,900 29
Stock 11,984,305,338 10,911,204,254,528 380,966
Warrant 59,458,800 8,076,662,600 617
Total 12,044,110,638 10,919,320,981,028 381,612
As of 21 September 2018 Unit: M.Baht
Type Buy Sell Net
Institution 7,780.67 7,127.82 652.85
Proprietary 10,695.57 8,657.57 2,038.01
Foreign 31,145.52 31,742.53 -597.00
Individual 28,970.85 31,064.70 -2,093.85
Total Trading Value 78,592.62 M.Baht
SE Asia Stocks-Philippines surges most in 32 months on report China plans import tariff cuts
* Most markets rise as trade war concerns fade
* Singapore, Indonesia climb for third session
By Sumeet Gaikwad
Sept 21 (Reuters) - Philippine shares jumped 3.5 percent on Friday, the most in 32 months, following a report that China plans to reduce the average tariff rate on imports from most of its trading partners as soon as October.
The move was in line with Beijing's pledge to its trading partners, including the United States, that it would take
measures to further increase imports, Bloomberg reported on Thursday without specifying the countries which would enjoy lower Chinese tariffs.
"This would trim the impact of a possible blowout of the U.S.-China trade war on global trade. So, the positive outlook benefited emerging markets," said Fio De Jesus, an analyst with Manila-based RCBC Securities.
Sentiment was also upbeat as broader Asia extended gains on views that fresh U.S. and Chinese tariffs on reciprocal imports may be less harsh than feared.
The Philippine Stock Exchange PSEi Index .PSI posted its sharpest daily gain since January 2016, after shedding 3.8 percent in the previous three sessions.
Financials and industrials led the rally with BDO Unibank BDO.PS and SM Investments Corp SM.PS gaining 7.6 percent and 3.5 percent, respectively.
Meanwhile, most other Southeast Asian stock markets also rose. Singapore shares .STI added 1.2 percent, extending gains into a third session and posting their highest close in three weeks.
Index heavyweights DBS Group Holdings DBSM.SI and United Overseas Bank UOBH.SI jumped 3.2 percent and 1.4 percent, respectively.
Indonesian shares closed higher for a third session in a row and posted their highest close in over two weeks.
Financials led the gains with Bank Negara Indonesia BBNI.JK rising 4.8 percent, while Bank Mandiri BMRI.JK
gained 2.6 percent.
An index of the country's 45 most liquid stocks climbed 0.5 percent.
Thai shares .SETI closed marginally higher, while Malaysia rose 0.4 percent. Vietnam shares .VNI fell marginally, but did not see any significant moves following President Tran Dai Quang's death.
For the week, Singapore shares advanced 1.8 percent,Indonesia gained 0.4 percent and Thailand jumped 2 percent,
while Philippine stocks declined 0.4 percent.
SOUTHEAST ASIAN STOCK MARKETS
Market Current Previous close Pct Move
Singapore 3217.68 3180.43 1.17
Bangkok 1756.12 1752.11 0.23
Manila 7383 7134.73 3.48
Jakarta 5957.744 5931.266 0.45
Kuala Lumpur 1810.64 1803.7 0.38
Ho Chi Minh 1002.97 1004.74 -0.18