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  ASEAN KEY DESTINATIONS

24 September 2018

Singapore Stock Market
                               Monday                      Friday
*ST Index        3,219.16  +1.48         3,217.68  +37.25
Volume:                 1,052.9M                   1,628.3M
Value:                        $801M                  $1,713.8M
Gainers/Losers:       165/212                      261/156


Malaysia

Daily Market Commentary (Securities)
24 September 2018


The FBM KLCI index lost 10.47 points or 0.58% on Monday. The Finance Index fell 0.73% to 17838.07 points, the Properties Index up 0.29% to 1003.48 points and the Plantation Index down 0.35% to 7525.42 points. The market traded within a range of 14.84 points between an intra-day high of 1812.19 and a low of 1797.35 during the session.

Actively traded stocks include HIBISCS, SAPNRG, LAYHONG-WA, PWORTH, REACH, PINEPAC, HSI-H4O, REACH-WA, BORNOIL and QES. Trading volume decreased to 1643.51 mil shares worth RM1499.03 mil as compared to Friday’s 2068.43 mil shares worth RM3612.76 mil.

Leading Movers were AXIATA (+9 sen to RM4.77), TM (+5 sen to RM3.26), MISC (+8 sen to RM6.08), IOICORP (+2 sen to RM4.50) and PETGAS (+8 sen to RM19.08). Lagging Movers were PMETAL (-20 sen to RM4.83), CIMB (-4 sen to RM6.03), DIALOG (-6 sen to RM3.50), GENTING (-12 sen to RM7.88) and SIME (-3 sen to RM2.59). Market breadth was negative with 304 gainers as compared to 530 losers.

The KLCI closed lower at 1800.17 points despite last Friday’s mixed performance in US market. The performance of our local bourse bogged down due selling interest in heavy weight counters led by Press Metal.

 
Indonesia

 Trading Summary

Date : Monday, 24-Sep-2018
Description        Volume (Shares/Unit)          Value (Rupiah)      Frequency
ETF                                    430,700                      76,371,500                   38
Stock                        9,806,581,925           6,640,149,911,380         356,540
Warrant                       125,755,033                32,561,565,548                528
Total                         9,932,767,658           6,672,787,848,428         357,106


Thailand

Trading Summary     
As of 24 September 2018    Unit: M.Baht
Type                       Buy                 Sell               Net
Institution        2,411.80          4,634.91       -2,223.11
Proprietary       6,849.23         5,841.73         1,007.51
Foreign           15,614.49       16,331.19          -716.69
Individual       19,226.43       17,294.13        1,932.30
Total Trading Value     44,101.96 M.Bah


Asean

SE Asia Stocks-Indonesia falls over 1 pct, Singapore erases early gains

* Bank Indonesia seen raising rate on Thursday
* Thailand snaps 4 straight sessions of gains

    By Devika Syamnath
    
Sept 24 (Reuters) - Indonesian shares fell over 1 percent on Monday amid ongoing presidential elections in Southeast Asia's largest economy, while Singapore stocks came off a near 4-week high to close slightly changed.
    
Indonesian President Joko Widodo launched his re-election campaign on Friday, looking to win over big blocs of millennial and Muslim voters as the country sails into choppy waters.
     
The Jakarta SE Composite Index closed lower for the first time in four sessions, dragged by consumer stocks and
financials. Astra International  ASII.JK  declined 2.4 percent, while Bank Negara Indonesia (Persero)  BBNI.JK  closed 3.6 percent lower.
    
Investor sentiment was also hit as broader Asian peers registered losses, after China decided to scrap plans to hold
diplomatic discussions with the United States, accusing it of engaging in "trade bullyism".  
    
"The rebound in risk appetite witnessed last week we think may be done, with investors likely sidelined pending headline risks from Sino-US trade talks," OCBC said in a note to clients.
    
The United States and China imposed tariffs on each other's goods on Monday, relentlessly pursuing an increasingly bitter trade dispute that is expected to hurt global economic growth.
    
Meanwhile, a Reuters poll showed Indonesia's central bank is widely expected to raise its benchmark interest rate for the fifth time since mid-May on Thursday, hours after an anticipated third rate hike this year by the U.S. Federal Reserve.
     
Thai shares  .SETI  snapped four consecutive sessions of gains, weighed down by materials and industrials. Siam Cement Pcl  SCC.BK  was the top drag with a drop of 1.3 percent.
    
Malaysian shares  .KLSE  fell for the first time in four sessions, with power provider Tenaga Nasional  TENA.KL  leading the decline, down over 1 percent.
    
Singapore shares  .STI  erased earlier gains and closed slightly higher, marking their fourth straight session in the
black, as upbeat bank and real estate stocks countered weak consumer discretionary and industrial counters.
    
United Overseas Bank  UOBH.SI  was the top boost with a rise of 1.4 percent, while Genting Singapore Ltd  GENS.SI  was among the biggest drags.
    
The city-state's core inflation gauge in August rose 1.9 percent from a year earlier, unchanged from July. The median
forecast in a Reuters poll was for a 2.0 percent rise.
     
Philippine stocks  .PSI  advanced 0.7 percent, helped by financials and industrials. Bank of the Philippine Islands
 BPI.PS  was the top boost with a 5.1 percent jump.
    
Real estate and utility stocks helped Vietnam shares finish at their strongest level in more than three months.
       
SOUTHEAST ASIAN STOCK MARKETS
                           
 Market                  Current           Previous             Close  Pct Move
 Singapore             3219.16            3217.68                     0.05
 Bangkok               1750.84            1756.12                   -0.30
 Manila                  7433.61            7383                         0.69
 Jakarta                  5882.22            5957.744                 -1.27
 Kuala Lumpur      1800.17            1810.64                   -0.58
 Ho Chi Minh         1011.29           1002.97                    0.83
                                         
                            



  Today's  Stories                      September 25, 2018 
• Tourism boom fuels upscale hotel supply: Grant Thornton chief
• Exports reach 7.64 billion Subcribe: Asean Affairs Global Magazine
• HCM City tries to control soaring property prices Subsribe Now !
 • Construction of road near ‘No Man’s Land’ in Thai-Myanmar border river suspended
Research Reports
on Thailand 2007-2008

• Textiles and Garments Industry
• Coffee industry
• Leather and footwear industry
• Shrimp industry

• Budget dept. releases P662.5M to replenish DSWD’s quick response fund
Asean Stock Watch   September 24,  2018

• Asean Stock Watch-September 24, 2018
Asean Analysis                June 15,  2018
• Asean Analysis June  11, 2018
Inflation may yet peak —Diokno
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ASEAN NEWS UPDATES      Updated: 04 January 2011

 • Women Shariah scholars see gender gap closing
• Bank Indonesia may hold key rate as inflation hits 7 percent
• Bursa Malaysia to revamp business rules
• Private property prices hit new high in Singapore • Bangkok moves on mass transport
• Thai retailers are upbeat
• Rice exports likely to decline • Vietnamese PM projects 10-year socioeconomic plan

ASEAN  ANALYSIS

This year in Thailand-what next?


AseanAffairs   04 January 2011
By David Swartzentruber      

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.

The first issue that can’t be answered is the health of Thailand’s beloved King Bhumibol, who is now 83 years old. He is the world's longest reigning monarch, but elaborate birthday celebrations in December failed to mask concern over his health. More

 


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