ASEAN KEY DESTINATIONS
24 September 2018
Singapore Stock Market
*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
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.
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
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
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