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 19 June, four indices in Southeast Asia advanced, while five declined. The Jakarta Stock Exchange (JSX) led all gains for the second consecutive week, increasing 1.85%. The Cambodia Securities Exchange (CSX) had the greatest decline, falling 1.39%.
On Friday, Credit Suisse revised downward its forecast for the Philippines’ GDP in 2017, from 6.4% to 6%, according to Business World, a Philippine business publication. Credit Suisse based its estimate on its expectation for private consumption to moderate further because of a weak labor market. Similarly, Indonesia’s central bank slightly revised downward its GDP projection for the second quarter of 2017, from 5.2% to 5.1%, due to sluggish exports and weaker than expected investment and household consumption, according to the Jakarta Globe.
Weekly gains
- Jakarta Stock Exchange (JSX), 1.85%
- Lao Securities Exchange (LSX), 1.01%
- Vietnam All-index (FTFVAS), 0.54%
- Stock Exchange of Thailand (SET), 0.37%
Weekly declines
- Kuala Lumpur Composite Index (KLCI), -0.66%
- Singapore’s Straits Times Index (STI), -0.68%
- Philippine Stock Exchange index (PSEi), -0.86%
- Myanmar’s Myanpix Index (YSX), -1.25%
- Cambodia Securities Exchange (CSX), -1.39%
Currencies
Three of the nine primary Southeast Asian currencies advanced relative to the US Dollar the week of 19 June, with the Myanmar Kyat (MMK) having the greatest appreciation, rising 0.46%. The Cambodian Riel (KHR) had the greatest depreciation, falling 0.59%.
Weekly appreciations
- Myanmar Kyat (MMK), 0.46%
- Indonesian Rupiah (IDR), 0.02%
- Thai Baht (THB), 0.00%
Weekly depreciation
- Lao Kip (LAK), -0.13%
- Vietnamese Dong (VND), -0.14%
- Singapore Dollar (SGD), -0.19%
- Malaysian Ringgit (MYR), -0.39%
- Philippine Peso (PHP), -0.43%
- Cambodian Riel (KHR), -0.59%
