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 5 June, five of the nine Southeast Asia indices advanced, with the FTSE Vietnam All index (FTFVAS) leading all indices with a gain of 1.54%. The Jakarta Stock Exchange (JSX) had the greatest decline, falling 1.17%.
On Thursday, Cambodia’s Sihanoukville Autonomous Port, the country’s only deep-sea port, began trading on the Cambodia Securities Exchange (CSX). The port trades under the symbol PAS and is the fifth company listed on the exchange. The stock finished the week down 4.8%.
In Vietnam, the prime minister’s office approved a bid from the country’s leading infrastructure company, Song Da Corp, for an initial public offering (IPO) in 2019. The firm has approximately USD 198 million in capital and plans to sell a 30% stake to strategic partners and almost 19% to the public in an IPO. Hanoi will decrease its stake to 51% by 2019 and to less than 50% by 2020, according to Tuoi Tre News. The government’s approval to decrease its ownership in Song Da Corp is consistent with its plan to privatize many state-owned enterprises.
Weekly gains
- Vietnam All-index (FTFVAS), 1.54%
- Philippine Stock Exchange index (PSEi), 1.04%
- Kuala Lumpur Composite Index (KLCI), 0.67%
- Singapore’s Straits Times Index (STI), 0.44%
- Myanmar’s Myanpix Index (YSX), 0.08%
Weekly declines
- Stock Exchange of Thailand (SET), -0.06%
- Cambodia Securities Exchange (CSX), -0.79%
- Lao Securities Exchange (LSX), -0.80%
- Jakarta Stock Exchange (JSX), -1.17%
Currencies
During the week of 5 June, four of the nine primary Southeast Asian currencies appreciated relative to the US Dollar, with the Myanmar Kyat (MMK) increasing the most at 0.46%. The Philippine Peso (PHP) had the greatest decline, falling 0.35%.
Weekly appreciations
- Myanmar Kyat (MMK), 0.46%
- Malaysian Ringgit (MYR), 0.35%
- Vietnamese Dong (VND), 0.08%
- Cambodian Riel (KHR), 0.00%
Weekly depreciation
- Indonesian Rupiah (IDR), -0.03%
- Lao Kip (LAK), -0.04%
- Thai Baht (THB), -0.04%
- Singapore Dollar (SGD), -0.24%
- Philippine Peso (PHP), -0.35%
