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.
Indices
During the week of 3 July, five indices in Southeast Asia advanced, while four declined. Myanmar’s Myanpix Index (YSX) led all gains, surging 6.02% and reducing its trailing four week decline to 1.53%, bringing it ahead of the Kuala Lumpur Composite Index, which is the worst performing of the nice indices over the trailing four weeks. The Vietnam All Index (FTFVAS) declined the most over the week, falling 0.56%.
First Myanmar Investment (FMI) drove the increase in the YSX. On the evening of Friday, 30 June, FMI released its annual earnings for the fiscal year ending March 2017, according to the Yangon Stock Exchange, which showed the group’s revenues increased 46%, from Myanmar Kyat (MMK) 110 billion to 161.3 billion, or approximately USD 80.5 million to 118.1 million. Net income increased from MMK 8.9 billion to 14.9 billion, or approximately USD 6.5 million to 10.9 million, according to FMI’s 2017 annual report.
FTFVAS correlated more than 80% with the US S&P 500, while the Cambodia Securities Exchange and the Lao Securities Exchange correlated more than 80% with Japan’s Nikkei. Lastly, Singapore’s Straits Times Index correlated 80% with China’s CSI 300.
Weekly gains
- Myanmar’s Myanpix Index (YSX), 6.02%
- Cambodia Securities Exchange (CSX), 1.13%
- Philippine Stock Exchange index (PSEi), 0.59%
- Singapore’s Straits Times Index (STI), 0.08%
- Lao Securities Exchange (LSX), 0.02%
Weekly declines
- Kuala Lumpur Composite Index (KLCI), -0.21%
- Jakarta Stock Exchange (JSX), -0.26%
- Stock Exchange of Thailand (SET), -0.34%
- Vietnam All index (FTFVAS), -0.56%
Currencies
Three of the nine primary Southeast Asian currencies advanced relative to the US Dollar the week of 3 July, with the Myanmar Kyat (MMK) having the greatest appreciation, rising 0.66%. The Indonesian Rupiah (IDR) had the greatest depreciation, falling 0.64% and bringing the currency’s trailing four week decline to 0.87%, which is the second greatest depreciation of the nine currencies over the trailing four weeks.
Weekly appreciations
- Myanmar Kyat (MMK), 0.66%
- Cambodian Riel (KHR), 0.21%
- Lao Kip (LAK), 0.03%
Weekly depreciation
- Vietnamese Dong (VND), -0.09%
- Malaysian Ringgit (MYR), -0.14%
- Philippine Peso (PHP), -0.35%
- Singapore Dollar (SGD), -0.42%
- Thai Baht (THB), -0.53%
- Indonesian Rupiah (IDR), -0.64%
