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Ambar Warrick

SE Asia Stocks-End dismal year on tepid note

Dec 28 2018

* Indonesia drops 2.5 pct in 2018 * Philippines worst annual performer, drops 12.8 pct * Vietnam loses in last-minute adjustment By Ambar Warrick Dec 28 Most Southeast Asian stock markets were lacklustre on Friday, but saw off a year that was plagued by trade tension-driven equity sell-downs with significant annual losses. Thailand and Vietnam markets were the only ones that saw major intraday movement, with Thailand rising about 1 percent while Vietnam closed 0.9 percent lower. Barring Singapore and Malaysia, markets in the region had their last trading session for 2018. Singapore, Thai and Philippine stocks lost more than 10 percent each during the year as a bitter trade dispute between the U.S. and China ravaged risk appetite and caused severe capital outflows. Indonesian stocks declined the least, falling about 2.5 percent. The Indonesian market was insulated to some degree against global trade tensions thanks to its high dependence on domestic consumption, said Taye Shim, head of research at Mirae Asset Sekuritas Indonesia. Indonesian stocks were largely flat for the day. Thai stocks were bolstered by broad-based strength, led by oil and gas explorer PTT PCL and Airports of Thailand. However, for the year, the index shed around 10.8 percent. Philippine stocks fell slightly, but saw the sharpest annual drop among peers, losing 12.8 percent - the worst in a decade due to higher oil prices and sustained capital outflows. Vietnam markets fell in the closing moments of trade. A stockbroker in the country attributed the move to last-minute portfolio restructuring by investment firms. Real estate stocks such as Vingroup JSC and Vincom Retail JSC were heavily sold, while consumer staples like Saigon Beer Alcohol Beverage Corp and Hoang Anh Gia Lai Agricultural JSC rose slightly. For Asian Companies click; SOUTHEAST ASIAN STOCK MARKETS STOCK MARKETS Change on the day Market Current Previous close Pct Move Singapore 3053.43 3044.74 0.29 Bangkok 1563.88 1548.37 1.00 Manila 7466.02 7482.66 -0.22 Jakarta 6194.498 6190.643 0.06 Kuala Lumpur 1692.07 1690.72 0.08 Ho Chi Minh 892.54 900.81 -0.92 Change on year Market Current End 2017 Pct Move Singapore 3053.43 3402.92 -10.27 Bangkok 1563.88 1753.71 -10.82 Manila 7466.02 8558.42 -12.76 Jakarta 6194.498 6355.654 -2.54 Kuala Lumpur 1692.07 1796.81 -5.83 Ho Chi Minh 892.54 984.24 -9.32 (Reporting by Ambar Warrick in Bengaluru; Additional reporting by Khanh Vu; Editing by Sunil Nair)

SE Asia Stocks-Singapore higher in thin year-end trading

Dec 27 2018

* Most markets on last trading day of year * Singaporean shares extend Thursday's gains * Thai, Singaporean, Philippine shares set for 10 pct yearly fall By Ambar Warrick Dec 28 Singaporean shares jumped on Friday while other markets in Southeast Asia gained little in dull year-end trading and stared at double-digit yearly declines in a tumultuous 2018. Stock indexes in Singapore, the Philippines and Thailand were set to shed roughly 10 percent or more in a year dominated by headlines about a worsening trade war between the United States and China, the biggest trading partner in Southeast Asia. With a 2.3 percent yearly decline, Indonesian stocks were the best performers in the region, even as the rupiah currency weakened nearly 7 percent this year. Stocks slightly higher on Friday. The Indonesian market was insulated to some degree against global trade tensions thanks to its high dependence on domestic consumption, said Taye Shim, head of research at Mirae Asset Sekuritas Indonesia. "Going forward, any developments in U.S.-China trade relations will be a focal point," Shim said. "Investors will also digest the outlook of the U.S. economy." Stocks in broader Asia gained on Friday after Wall Street rebounded for a second day. Barring Singapore and Malaysia, Southeast Asian markets were on their last trading day of the year. Singaporean stocks extended Thursday's rally with a 0.7 percent gain powered by financial and industrial stocks, although trading volumes were largely subdued. The city-state's final trading day of the year will see a shortened session on Monday. Thai shares gained about 0.4 percent, with energy and financial stocks in the lead. Oil and gas explorer PTT PCL jumped amid a recovery in oil prices, while Bangkok Bank PCL gained about 1 percent. The Thai index was set for an annual loss of around 11 percent. For Asian Companies click: SOUTHEAST ASIAN STOCK MARKETS AS AT 0416 GMT STOCK MARKETS Change on the day Market Current Previous close Pct Move Singapore 3067.2 3044.74 0.74 Bangkok 1554.44 1548.37 0.39 Manila 7484.79 7482.66 0.03 Jakarta 6207.564 6190.643 0.27 Kuala Lumpur 1689.02 1690.72 -0.10 Ho Chi Minh 902.97 900.81 0.24 Change on year Market Current End 2017 Pct Move Singapore 3067.2 3402.92 -9.87 Bangkok 1554.44 1753.71 -11.36 Manila 7484.79 8558.42 -12.54 Jakarta 6207.564 6355.654 -2.33 Kuala Lumpur 1689.02 1796.81 -6.00 Ho Chi Minh 902.97 984.24 -8.26 (Reporting by Ambar Warrick in Bengaluru; Editing by Sai Sachin Ravikumar)

SE Asia Stocks-Most end higher following Wall St recovery, Sino-U.S. talks

Dec 27 2018

* Singapore leads gains * Thai stocks buck the trend in last-minute sell-off * Indonesia ends at over 8-month high By Ambar Warrick Dec 27 Most Southeast Asian stock markets ended Thursday higher as a rally on Wall Street, coupled with a leeway in the Sino-U.S. trade standoff spurred a buying spree across Asia. Wall Street recovered from a severe equity rout that had battered most global markets. Investors also took heart from news that China and the U.S. had made plans for face-to-face consultation over trade in January. Singapore led gains, ending 1.1 percent higher with heavyweight industrial and financial stocks in the lead. The index rebounded from a 1 percent loss on Wednesday, having lost more than 2 percent so far in December. Industrial conglomerate Jardine Strategic ended 3.6 percent higher, while lender DBS Group gained 0.7 percent. "Stocks are taking their cue from overnight gains on Wall Street. I think the rebound is due to the situation where much downside has already been priced in and the risk is to the upside with trade talks restarting in January," said Liu Jinshu, director of research at NRA Capital in Singapore. Vietnam shares ended around 1 percent higher, with financial and utility stocks leading broad-based gains. Data showed that the country's economy grew at its quickest pace this year since 2011, with key growth in the processing and manufacturing industry. Joint Stock Commercial Bank for Investment and Development of Vietnam and Petrovietnam Gas Joint Stock Corp both ended about 4.2 percent higher. Indonesian stocks ended at their highest since late-April, with consumer staples and materials stocks in the lead. Cosmetics maker Unilever Indonesia rose 2.4 percent, while cement maker Indocement Tunggal Prakarsa ended 2.5 percent higher. Bucking the trend, Thai stocks retreated from intraday highs in late trade to end the session 0.5 percent lower following last-minute sell-offs in a number of sectors. Bangkok Dusit Medical Services PCL ended 6.7 percent lower, its worst session since May 2017 For Asian Companies click; SOUTHEAST ASIAN STOCK MARKETS STOCK MARKETS Change on the day Market Current Previous close Pct Move Singapore 3044.74 3011.15 1.12 Bangkok 1548.37 1556.93 -0.55 Manila 7482.66 7450.01 0.44 Jakarta 6190.643 6127.85 1.02 Kuala Lumpur 1690.72 1672.6 1.08 Ho Chi Minh 900.81 891.75 1.02 Change on year Market Current End 2017 Pct Move Singapore 3044.74 3402.92 -10.53 Bangkok 1548.37 1753.71 -11.71 Manila 7482.66 8558.42 -12.57 Jakarta 6190.643 6355.654 -2.60 Kuala Lumpur 1690.72 1796.81 -5.90 Ho Chi Minh 900.81 984.24 -8.48 (Reporting by Ambar Warrick; Editing by Sunil Nair)

SE Asia Stocks-Higher after Wall Street rebound

Dec 26 2018

* Singapore leads gains as financials, industrials rise * Indonesian stocks hit over 8-mth high By Ambar Warrick Dec 27 Southeast Asian shares rose on Thursday, tracking a dramatic rebound on Wall Street powered by upbeat U.S. holiday sales data and the Trump administration's efforts to boost investor confidence. Singaporean stocks led gains in the region with a 2 percent advance while Thai and Vietnamese shares added roughly 1.4 percent each after U.S. equities saw a buying frenzy overnight. Data from Mastercard showed U.S. holiday sales had risen at the strongest pace in years, helping allay concerns about slowing economic growth. White House officials also appeared to try to calm Wall Street nerves after recent reports suggested that President Donald Trump was unhappy with the Federal Reserve and his treasury secretary. In another potentially positive sign for Southeast Asian markets, a Bloomberg News report said a U.S. trade team would travel to Beijing in the week of Jan. 7 to hold talks with Chinese officials, suggesting the world's two largest economies were making progress in cooling trade tensions. China is Southeast Asia's biggest trading partner and any news about worsening trade ties with the United States has roiled markets in the region this year. In Singapore, United Overseas Bank rose about 2.4 percent, while industrial conglomerate Jardine Strategic gained about 3 percent. The two stocks have each lost about 10 percent this year. Indonesian stocks rose as much as 1 percent, hitting their highest level since late April. While the country's stock markets had fallen substantially over the year, a recent stabilisation in the rupiah currency as well as a drop in oil prices has helped Indonesian shares outperform their regional peers this year. Philippine shares were 0.22 percent higher. Real estate conglomerate Ayala Land gained about 0.9 percent, while BDO Unibank Inc edged 1 percent higher. The bourse is on track to post a gain for December, in contrast with a number of its regional peers. For Asian Companies click: SOUTHEAST ASIAN STOCK MARKETS AS AT 0337 GMT STOCK MARKETS Change on the day Market Current Previous close Pct Move Singapore 3072.61 3011.15 2.04 Bangkok 1578.53 1556.93 1.39 Manila 7466.27 7450.01 0.22 Jakarta 6167.652 6127.85 0.65 Kuala Lumpur 1683.88 1672.6 0.67 Ho Chi Minh 904.35 891.75 1.41 Change on year Market Current End 2017 Pct Move Singapore 3072.61 3402.92 -9.71 Bangkok 1578.53 1753.71 -9.99 Manila 7466.27 8558.42 -12.76 Jakarta 6167.652 6355.654 -2.96 Kuala Lumpur 1683.88 1796.81 -6.29 Ho Chi Minh 904.35 984.24 -8.12 (Reporting by Ambar Warrick in Bengaluru; Editing by Sai Sachin Ravikumar)

SE Asia Stocks-Most fall as global selloff extends

Dec 26 2018

* Regional trading volume low due to year-end holidays * Singapore stocks post weakest close in nearly 2 months * Thai stocks recover from over 19-month intraday low By Ambar Warrick Dec 26 Most Southeast Asian stock markets closed lower on Wednesday, in line with a global equity rout that started last week, in low-volume trade due to year-end holidays. Political disarray in the United States continued to be a source of selling pressure, as the convening of a crisis group by the U.S. Treasury Secretary raised concerns of an impending recession. Investors were also far from pleased by a government shutdown, as well as President Donald Trump's hostile stance towards the Federal Reserve chairman. MSCI's broadest index of Asia-Pacific shares outside Japan slipped about 0.5 percent, brushing a two-month low. Wall Street had also slipped on Christmas eve, and appeared set for another losing session later in the day. Singapore stocks led the decline in Southeast Asia, shedding 1.3 percent to an eight-week closing low, even after the city-state reported robust manufacturing data for November. Trading volumes were at about half of their 30-day average. Financials and industrials were the heaviest losers in broad-based declines. Lender DBS Group closed 1.2 percent lower, while industrial conglomerate Jardine Matheson shed 0.8 percent. Malaysian stocks dropped 0.7 percent in largely broad-based losses. Telecom heavyweight Maxis Bhd fell more than 2 percent, while conglomerate Genting Bhd lost 3.4 percent. Trading volumes in the country were at about 40 percent of their 30-day average. Thai shares snapped four straight sessions of declines to end slightly higher. They had hit their lowest since mid-May 2017 earlier in the session. The benchmark stock index lost more than 2 percent on Tuesday after data showed that factory output in November rose lesser than expected, indicating a possible decline in future exports. For the day, Thai stocks were pushed higher by strength in energy and industrial stocks. Oil and gas explorer PTT PCL ranked among the largest boosts to the index following a mild rebound in oil prices, while Airports of Thailand PCL ended 2 percent higher. For Asian Companies click; SOUTHEAST ASIAN STOCK MARKETS STOCK MARKETS Change on the day Market Current Previous close Pct Move Singapore 3011.15 3051.06 -1.31 Bangkok 1556.93 1556.65 0.02 Manila 7450.01 7479.71 -0.40 Jakarta 6127.85 6163.596 -0.58 Kuala Lumpur 1672.6 1683.82 -0.67 Ho Chi Minh 891.75 897.94 -0.69 Change on year Market Current End 2017 Pct Move Singapore 3011.15 3402.92 -11.51 Bangkok 1556.93 1753.71 -11.22 Manila 7450.01 8558.42 -12.95 Jakarta 6127.85 6355.654 -3.58 Kuala Lumpur 1672.6 1796.81 -6.91 Ho Chi Minh 891.75 984.24 -9.40 (Reporting by Ambar Warrick in Bengaluru; Editing by Subhranshu Sahu)

SE Asia Stocks-Most decline in line with global equity rout

Dec 25 2018

* Regional trading volumes subdued * Singapore index hits near 2-mth low * Thai benchmark recovers slightly after touching over 19-mth low By Ambar Warrick Dec 26 Most Southeast Asian stock markets fell tracking their global peers on Wednesday, with Singapore taking the maximum hit, as continued concerns over political uncertainty in the U.S. prompted investors to steer clear of riskier assets. Local trading volumes were largely subdued due to the holiday season. U.S. equities fell into a tailspin on Christmas eve as investors fretted over a number of political issues, ranging from the convening of a crisis group to reports of President Trump considering the sacking of the Federal Reserve Chairman. The drop created ripples across most equity markets around the globe. "These are incredibly tricky markets to decipher as the outsized moves are not reflective of the current U.S. economic landscape, but that seems to matter little so far as fear mongering continues to permeate every pocket of global capital markets," said Stephen Innes, head of trading for Asia-Pacific at futures brokerage Oanda in Singapore. Local equities followed suit, with Singapore's index shedding more than 1 percent to drop to its lowest since late-October. Losses in the island state were largely broad-based, with financials and industrials serving as the biggest weights on the benchmark. Shares of Lender DBS Group shed nearly 1.6 percent, while those of industrial conglomerate Jardine Matheson Holdings fell 2.2 percent. Inflation in Singapore slowed slightly in November, implying that the Monetary Authority may face lesser inflationary pressure to tighten policy in the future. The Thailand benchmark index edged up slightly after slipping to its lowest level since May 2017, as oil and gas heavyweight PTT PCL's counter took some support from a mild rebound in oil prices. The index had plunged more than 2 percent on Tuesday after data showed that Thailand's manufacturing production rose lesser than expected in November, which may put some pressure on exports from the country in 2019. Vietnam shares moved between positive and negative territory. For Asian Companies click; SOUTHEAST ASIAN STOCK MARKETS AS AT 0354 GMT STOCK MARKETS Change on the day Market Current Previous close Pct Move Singapore 3013.94 3051.06 -1.22 Bangkok 1557.91 1556.65 0.08 Manila 7442.59 7479.71 -0.50 Jakarta 6132.214 6163.596 -0.51 Kuala Lumpur 1664.01 1683.82 -1.18 Ho Chi Minh 896.25 897.94 -0.19 Change on year Market Current End 2017 Pct Move Singapore 3013.94 3402.92 -11.43 Bangkok 1557.91 1753.71 -11.16 Manila 7442.59 8558.42 -13.04 Jakarta 6132.214 6355.654 -3.52 Kuala Lumpur 1664.01 1796.81 -7.39 Ho Chi Minh 896.25 984.24 -8.94 (Reporting by Ambar Warrick in Bengaluru; Editing by Rashmi Aich)

SE Asia Stocks-Subdued as U.S. political woes keep investors on sidelines

Dec 23 2018

* Trading volumes largely subdued * Singapore to close early ahead of Christmas By Ambar Warrick Dec 24 Most Southeast Asian stock markets remained subdued on Monday as political uncertainty in the United States continued to dampen investors' risk appetite. A cautious mood pervaded in broader Asia as market participants evaluated a government shutdown in the world's largest economy, as well as rumours of a change in its central bank head. Local trading volumes were also low in light of the holiday season. The Singapore benchmark index was largely flat, as mild gains in financial stocks were offset by declines in industrial and consumer stocks. The index was set for its third straight session of losses. Singapore Telecommunications' stock ranked among the largest intraday losers on the index, while that of banking heavyweight DBS Group rose about 0.5 percent. The island state's bourse was slated to close early ahead of Christmas. Trading volumes stood at a fraction of their 30-day average. Thailand's index was also largely flat, as shares of oil and gas explorer PTT PCL - which fell as much as 1.1 percent - declined in tandem with oil prices, while infrastructure developer Bangkok Expressway and Metro PCL's stock supported the index by gaining as much as 4.6 percent. Meanwhile, indexes of Vietnam and Malaysia rose marginally, while Philippine and Indonesian markets were closed until Wednesday. For Asian Companies click; SOUTHEAST ASIAN STOCK MARKETS AS AT 0409 GMT STOCK MARKETS Change on the day Market Current Previous close Pct Move Singapore 3042.53 3046.04 -0.12 Bangkok 1595.27 1595.33 0.00 Kuala Lumpur 1675.81 1670.28 0.33 Ho Chi Minh 915.67 912.26 0.37 Change on year Market Current End 2017 Pct Move Singapore 3042.53 3402.92 -10.59 Bangkok 1595.27 1753.71 -9.03 Manila 7479.71 8558.42 -12.60 Jakarta 6163.596 6355.654 -3.02 Kuala Lumpur 1675.81 1796.81 -6.73 Ho Chi Minh 915.67 984.24 -6.97 (Reporting by Ambar Warrick in Bengaluru; Editing by Rashmi Aich)

REFILE-Aussie shares inch up as US-China tensions weigh; NZ edges up

Nov 26 2018

Nov 27 Australian shares inched up on Tuesday as developments in the U.S.-China trade dispute favoured caution, but heavyweight BHP lent some support after announcing it had found new mineral deposits in South Australia.

Australian shares down on weaker commodity prices, NZ lower

Nov 25 2018

Nov 26 Australian shares started the week lower as weaker commodity prices weighed on heavyweight resource stocks, while most other sectors edged lower amid a wider aversion to equity markets.

New Zealand's e-commerce leader gets $1.7 billion buyout offer, shares skyrocket

Nov 20 2018

New Zealand's online marketplace pioneer Trade Me Group received a NZ$2.54 billion ($1.73 billion) takeover bid from a British private equity firm on Wednesday, sending its shares soaring.

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