Log in
E-mail
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
New member
Sign up for FREE
New customer
Discover our services
Settings
Settings
Dynamic quotes 
OFFON

MarketScreener Homepage  >  News  >  Economy & Forex  >  All News

News : Economy & Forex
Latest NewsCompaniesMarketsEconomy & ForexCommoditiesInterest RatesBusiness LeadersFinance Pro.CalendarSectors 
All NewsEconomyCurrencies / ForexCryptocurrenciesEconomic EventsPress releases

Southeast Asia stocks: Most fall as investors remain cautious; Singapore recovers

share with twitter share with LinkedIn share with facebook
12/17/2018 | 05:11am EDT
An investor monitors share market prices in Kuala Lumpur, Malaysia

(Reuters) - Most Southeast Asian stock markets ended lower on Monday, as investors remained cautious after the region's biggest trading partner China posted disappointing economic data on Friday, while dismal regional data added to woes.

On the upside, the Singapore benchmark index <.STI> bucked the weak trend to close 1.2 percent higher, as investors shrugged off worse-than-expected November export data and went bargain hunting after Friday's losses.

"It looks like bargain-hunting, as valuations are at attractive levels," said Joel Ng, an analyst at KGI Securities, pointing to a 20-30 percent fall in Singaporean stocks over the past six months.

Earlier in the day, data showed that the country's exports fell for the first time in eight months on a year-on-year basis in November, with shipments to China, it's biggest market, continuing their slowdown.

Meanwhile, the Indonesia index <.JKSE> closed 1.3 percent lower, extending losses, after the country posted its widest monthly trade deficit in over five years in November.

Southeast Asia's largest economy saw exports of palm oil and pulp slump, while November imports stood at $16.88 billion, up 11.68 percent from a year earlier.

Consumer stocks led losses with household products maker PT Unilever Indonesia Tbk's counter falling 2.3 percent and that of cigarette maker PT Gudang Garam Tbk slipping 2 percent.

The Vietnam index <.VNI> was the worst performer in the region, tumbling 1.9 percent, with all major sectors in the red.

Financials underpinned losses, with shares of Joint Stock Commercial Bank for Foreign Trade of Vietnam (Vietcombank) falling 3 percent, and those in Vietnam Technological And Commercial Joint Stock Bank down 4.4 percent.

Thailand's benchmark index erased initial gains to close 0.5 percent down — its lowest since July 6 — with financial stocks, including those of Siam Commercial Bank PCL and Bank of Ayudhya PCL falling 2.5 percent and 1.9 percent, respectively.

Meanwhile, Thailand's central bank is expected to hike its key interest rate on Wednesday from near-record lows for the first time in more than seven years, a Reuters poll survey showed.

The Malaysian index <.KLSE> finished 1.2 percent lower, with shares of palm oil producer Sime Darby Plantation Berhad down 2.9 percent, while those of oil and gas services provider Dialog Group Berhad closing 2.2 percent lower.

For Asian Companies click;

SOUTHEAST ASIAN STOCK MARKETS

Change on the day

Market Current Previous close Pct Move

Singapore 3114.25 3077.09 1.21

Bangkok 1601.48 1609.45 -0.50

Manila 7520.4 7524.37 -0.05

Jakarta 6089.305 6169.843 -1.31

Kuala Lumpur 1641.62 1661.96 -1.22

Ho Chi Minh 933.65 952.04 -1.93

Change on year

Market Current End prev yr Pct Move

Singapore 3114.25 3402.92 -8.48

Bangkok 1601.48 1753.71 -8.68

Manila 7520.4 8,558.42 -12.13

Jakarta 6089.305 6,355.65 -4.19

Kuala Lumpur 1641.62 1796.81 -8.64

Ho Chi Minh 933.65 984.24 -5.14

(Reporting by Rashmi Ashok in Bengaluru; Editing by Rashmi Aich)

By Rashmi Ashok

Stocks mentioned in the article
ChangeLast1st jan.
BANK OF AYUDHYA -0.87% 22.7 End-of-day quote.-24.33%
CHANGE INC. 3.17% 8140 End-of-day quote.179.92%
COMMERCIAL BANK FOR FOREIGN TRADE OF VIETNAM -1.08% 82700 End-of-day quote.-8.31%
CPO (CPO) - CMG (ELECTRONIC)/C1 1.27% 557.75 End-of-day quote.-20.15%
DIALOG GROUP 0.26% 3.88 End-of-day quote.12.46%
JUST GROUP PLC 2.25% 49.06 Delayed Quote.-39.27%
PT GUDANG GARAM TBK -0.74% 46875 End-of-day quote.-11.56%
PT UNILEVER INDONESIA TBK -0.63% 7925 End-of-day quote.-5.65%
SIME DARBY PLANTATION 1.41% 5.03 End-of-day quote.-7.71%
TBK CO., LTD. -2.09% 421 End-of-day quote.-7.68%
THE SIAM COMMERCIAL BANK -1.70% 72.25 End-of-day quote.-40.78%
VIETNAM TECHNOLOGICAL AND COMMERCIALBANK -2.39% 20450 End-of-day quote.-13.16%
WILL GROUP, INC. -2.52% 618 End-of-day quote.-50.64%
share with twitter share with LinkedIn share with facebook
Latest news "Economy & Forex"
12:36pLIGURIAN HIGHWAYS : Contship options for a sustainable alternative
PU
12:33pBiotech firm Nkarta's shares more than treble in U.S. debut
RE
12:33pBritain to invest 40 million pounds in small nuclear reactor projects
RE
12:31pBulgaria, Croatia take vital step on road to joining euro
RE
12:31pApple supplier foxconn plans to invest up to $1 billion to expand in india, sources say
RE
12:26pCommunique on Croatia
PU
12:26pCommunique on Bulgaria
PU
12:26pECB assessment report on completion of the commitments made by the Republic of Croatia on the macroprudential toolkit
PU
12:26pECB assessment report on completion of the commitments made by the Republic of Bulgaria on the macroprudential toolkit
PU
12:26pNASS NATIONAL AGRICULTURAL STATISTICS SERVICE : Crop Production (July 2020)
PU
Latest news "Economy & Forex"