Each week, we provide an overview of the percent returns of the primary indices in Southeast Asia and their currency appreciation or depreciation relative to the US Dollar. We provide this information below. We also capture this information, as well as the trailing four and twelve week movements, and plot the data in charts, which you can find on the “index charts” and “currency charts” pages.
During the week of 29 May, seven of the nine Southeast Asia indices advanced, with the Lao Securities Exchange leading all indices despite losing almost two percent on Friday. In the Philippines, Eagle Cement, a leading Philippine cement company, began trading on Monday on the Philippine Stock Exchange, gaining three percent over the course of the week. The company is the country’s second initial public offering (IPO) in 2017, with several more expected later in the year.
In Vietnam, online gaming firm VNG announced its signing of a preliminary agreement with the Nasdaq to explore an IPO, according to Tuoitre News, a Vietnamese news site. Vietnam’s first private airline, VietJet, also is reported to be exploring an overseas IPO, possibly in Singapore, London, or Hong Kong, according to the Straits Times. Currently, no Vietnamese companies are listed overseas.
- Lao Securities Exchange (LSX), 0.88%
- Cambodia Securities Exchange (CSX), 0.73%
- Singapore’s Straits Times Index (STI), 0.64%
- Philippine Stock Exchange index (PSEi), 0.51%
- Jakarta Stock Exchange (JSX), 0.45%
- Kuala Lumpur Composite Index (KLCI), 0.26%
- Myanmar’s Myanpix Index (YSX), 0.17%
- Vietnam All-index (FTFVAS), -0.41%
- Stock Exchange of Thailand (SET), -0.11%
During the week of 29 May, most of the nine primary Southeast Asian currencies appreciated relative to the US Dollar, with the Philippine Peso having the greatest increase after gaining almost one percent on Friday. The Myanmar Kyat, Malaysian Ringgit, and Cambodian Riel were the only currencies to depreciate relative to the US Dollar.
- Philippine Peso (PHP), 0.86%
- Vietnamese Dong (VND), 0.08%
- Indonesian Rupiah (IDR), 0.06%
- Singapore Dollar (SGD), 0.05%
- Lao Kip (LAK), 0.00%
- Thai Baht (THB), 0.00%
- Myanmar Kyat (MMK), -0.06%
- Malaysian Ringgit (MYR), -0.27%
- Cambodian Riel (KHR), -0.71%