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 17 July, four indices in Southeast Asia advanced, while five declined. The Philippines Stock Exchange index (PSEi) led all gains, rising 1.32%. Of note, Myanmar’s Myanpix Index (YSX) increased 1.15% during the week and has gained 6.96% since 3 July, bringing its trailing four week return to 4.05%, the highest of the nine indices.
The Vietnam All Index (FTFVAS) declined the most over the week, falling 3.32% and reversing its trailing four week return to -2.57%, which is the greatest decline of the nine indices. It is not clear to us what drove the drop in Vietnamese stocks, although we note that the daily price movements in FTFVAS were 88% correlated with China’s CSI 300 Index.
Weekly gains
- Philippine Stock Exchange index (PSEi), 1.32%
- Myanmar’s Myanpix Index (YSX), 1.15%
- Singapore’s Straits Times Index (STI), 0.81%
- Kuala Lumpur Composite Index (KLCI), 0.24%
Weekly declines
- Stock Exchange of Thailand (SET), -0.27%
- Cambodia Securities Exchange (CSX), -0.74%
- Lao Securities Exchange (LSX), -0.92%
- Jakarta Stock Exchange (JSX), -1.14%
- Vietnam All index (FTFVAS), -3.32%
Currencies
Seven of the nine primary Southeast Asian currencies advanced relative to the US Dollar the week of 17 July, with the Thai Baht for the second consecutive week having the greatest appreciation, rising 0.93%. The Lao Kip (LAK) had the greatest depreciation, falling 0.20%.
Weekly appreciations
- Thai Baht (THB), 0.93%
- Singapore Dollar (SGD), 0.68%
- Myanmar Kyat (MMK), 0.44%
- Cambodian Riel (KHR), 0.26%
- Malaysian Ringgit (MYR), 0.21%
- Indonesian Rupiah (IDR), 0.20%
- Vietnamese Dong (VND), 0.00%
Weekly depreciation
- Philippine Peso (PHP), -0.18%
- Lao Kip (LAK), -0.22%