Sign up | Log in



Home  >>  Daily News  >>  ASEAN STOCK WATCH

ASEAN STOCK WATCH Asean Affairs  26 September  2014 

SE Asia Stocks-Jakarta down after parliament ends direct elections; others mixed

Indonesian stocks ended at a more than one-week low on Friday, with heavy foreign outflow after its parliament approved legislation to end direct elections to regional posts, while other Southeast Asian markets ended mixed.
 The Jakarta Composite Index  ended 1.3 percent weaker at its lowest close since Sept. 16 on concerns over political stability after president-elect Joko Widodo's Indonesian 
Democratic Party failed to secure the political support needed to scuttle the legislation. 
The index, the worst performer on the week, touched a seven-week low earlier in the day after Indonesia's parliament approved a measure ending direct elections for governors and 
mayors, a move president-elect Joko Widodo said was a "big step back" for the country. 
"It reflects that the opposition coalition is very solid, which could be a problem if the new government wants to pass a new economic policy," said Arief Budiman, an analyst with 
Ciptadana Securities in Jakarta. 
However, he said the market can take some comfort in the fact that the government does not need to pass fuel subsidy policy through the parliament. 
 The Asian Development Bank's downward revision of the country's 2014 economic growth to 5.3 percent from 5.7 percent 
also weighed on sentiment and the bourse suffered a net $118.13 million foreign outflow.  
Financial stocks led the fall, with Bank Mandiri  and Bank Rakyat Indonesia  losing 4.5 percent and 3.9 percent, respectively.  
Malaysia   fell 0.1 percent, the Philippines slipped 0.5 percent, and Vietnam's benchmark VN Index  surrendered its early gains to end slightly weaker at 0.02 
Singapore   closed nearly steady at 0.04 percent gain.  
Thailand, the only gainer on the week, closed 0.5 percent firmer despite the central bank's warning that the country's pivotal exports will not grow at all this year. 
However, the Bank of Thailand (BOT) maintained that the economy can still grow 1.5 percent in 2014 assuming the government can jack up spending in the last quarter.  


 Market               Current     Prev Close    Pct Move 
 Singapore           3292.21       3290.99        +0.04 
 Kuala Lumpur     1840.50       1843.11        -0.14 
 Bangkok             1600.16       1591.99        +0.51 
 Jakarta                5132.56       5201.38        -1.32 
 Manila                 7261.30       7294.21        -0.45 
 Ho Chi Minh         604.98         605.10         -0.02 

Today's  Stories                            September 26, 2014 Subsribe Now !

• ASEAN regional power integration
Subcribe: Asean Affairs Global Magazine
• Vietnam 'can look to S'pore for help on financial reform'
• China to invest Rp 3 trillion in Bitung
Research Reports
on Thailand 2007-2008

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

• Malaysia’s herbal industry market worth RM29b by 2020
• CPI rises in cities as dollar rate falls
Asean Analysis                    September 26, 2014

• Asean Analysis September 26, 2014
Southeast Asia’s major domestic appliances sector reached nearly USD5.8 billion in past 12 months: GfK
Advertise Your Brand

Asean Stock Watch    September  25, 2014
• Asean Stock Watch-September 25, 2014
The Biweekly Update
• The Biweekly Update  September 19, 2014

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


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






1.  Verifier

1. Verifier

For security purposes, we ask that you enter the security code that is shown in the graphic. Please enter the code exactly as it is shown in the graphic.
Your Code
Enter Code

Home | About Us | Contact Us | Special Feature | Features | News | Magazine | Events | TV | Press Release | Advertise With us

| Terms of Use | Site Map | Privacy Policy  | DISCLAIMER |

Version 5.0
Copyright © 2006-2017 TIME INTERNATIONAL MANAGEMENT ENTERPRISES CO., LTD. All rights reserved.
Bangkok, Thailand