ASEAN KEY DESTINATIONS
25 September 2018
*ST Index 3,236.08 +16.92 3,219.16 +1.48
Volume: 1,151.3M 1,052.9M
Value: $843.8M $801M
Gainers/Losers: 198/158 165/212
Daily Market Commentary (Securities)
25 September 2018
The FBM KLCI index lost 5.70 points or 0.32% on Tuesday. The Finance Index fell 0.17% to 17806.87 points, the Properties Index up 0.37% to 1007.22 points and the Plantation Index rose 0.07% to 7530.56 points. The market traded within a range of 6.30 points between an intra-day high of 1800.87 and a low of 1794.57 during the session.
Actively traded stocks include SAPNRG, HIBISCS, VS-WA, QES, REACH-WA, FRONTKN, MYEG, KNM, REACH and BORNOIL. Trading volume increased to 1858.10 mil shares worth RM1914.89 mil as compared to Monday’s 1643.51 mil shares worth RM1499.03 mil.
Leading Movers were SIME (+3 sen to RM2.62), PETDAG (+28 sen to RM26.64), IOICORP (+4 sen to RM4.54), GENTING (+5 sen to RM7.93) and KLCC (+4 sen to RM7.74). Lagging Movers were AXIATA (-21 sen to RM4.56), TM (-5 sen to RM3.21), DIALOG (-5 sen to RM3.45), PMETAL (-5 sen to RM4.78) and HLFG (-18 sen to RM19.60). Market breadth was positive with 393 gainers as compared to 384 losers.
The KLCI closed lower at 1794.47 points amid overnight mixed performance in US market. The performance of our local bourse bogged down due selling interest in heavy weight counters led by Axiata.
Description Volume (Shares/Unit) Value (Rupiah) Frequency
ETF 981,500 415,621,200 27
Stock 8,656,461,461 5,462,287,370,853 311,169
Warrant 95,378,850 25,865,456,100 1,677
Total 8,752,821,811 5,488,568,448,153 312,873
As of 25 September 2018 Unit: M.Baht
Type Buy Sell Net
Institution 3,172.44 4,954.93 -1,782.49
Proprietary 5,709.21 5,216.67 492.55
Foreign 15,510.92 14,520.26 990.66
Individual 17,929.08 17,629.81 299.28
Total Trading Value 42,321.65 M.Baht
SE Asia Stocks-Most fall as trade woes hurt risk appetite
* Philippines top loser with 1.4 pct drop
* Singapore gains on 'window dressing'
By Devika Syamnath
Sept 25 (Reuters) - Most Southeast Asian stock markets closed lower on Tuesday as an escalation in the Sino-U.S. trade dispute hurt risk appetite, while a weak peso piled on the Philippines' woes.
Broader Asia also struggled after China and the United States imposed new tariffs on each other's goods on Monday, with neither side looking to back down and adding to worries about risks to global growth.
"The failure of China and the U.S. to come to terms on the negotiation table... is creating weakness in major economies in Asia, and has resulted in most Southeast Asian equities to retreat from what they gained last week," said Manny Cruz, a Manila-based analyst with Asiasec Equities Inc.
Earlier this month, Chinese officials welcomed an invitation from Washington for a new round of trade talks but then scrapped plans for diplomatic discussions on Friday.
Philippine shares .PSI fell 1.4 percent, making them the top losers in the region, weighed down by real estate and
"Weakness of the peso and expectations of higher inflation for the month of September are two factors that dragged market sentiment," Cruz said.
The peso PHP= extended its retreat into a fourth session, hitting a near 13-year low, ahead of an expected rate hike at the central bank's meeting on Thursday.
Property owner SM Investments SM.PS and Bank of the Philippine Islands BPI.PS were the biggest burdens on the index, shedding 2.7 percent and 3.6 percent, respectively.
Indonesian shares .JKSE slipped, hurt by consumer staples and material stocks. Unilever Indonesia Tbk PT UNVR.JK was the top drag with a loss of 2.3 percent.
An index of the country's 45 most liquid stocks declined 0.2 percent.
Malaysian shares .KLSE fell 0.3 percent with telco Axiata Group Bhd AXIA.KL shedding 4.4 percent, while Vietnam stocks edged lower, hurt mostly by banks.
Singapore shares closed 0.5 percent higher, extending gains into a fifth session, with Cruz attributing it to "window
dressing" before the third quarter's close - a practice where portfolio managers try to improve the appearance of a fund's performance near the year- or quarter-end.
Financials accounted for most of the rise, with top lender Oversea-Chinese Banking Corp OCBC.SI closing 0.8 percent higher.
SOUTHEAST ASIAN STOCK MARKETS
Market Current Previous Close Pct Move
Singapore 3236.08 3219.16 0.53
Bangkok 1747.99 1749.42 -0.08
Manila 7332.17 7433.61 -1.36
Jakarta 5874.299 5882.22 -0.13
Kuala Lumpur 1794.47 1800.17 -0.32
Ho Chi Minh 1010.74 1011.29 -0.05