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 26 June, three indices in Southeast Asia advanced, while five declined. The Vietnam All Index (FTFVAS) led all gains, increasing 1.33% and bringing its trailing four week return to 4.33%, the best in Southeast Asia. Myanmar’s Myanpix Index (YSX) had the greatest decline, falling 2.91%. The YSX also has been the worst performing of the nine indices over the trailing four weeks, decreasing 7.04%. The Jakarta Stock Exchange (JSX) was closed during the week for commemoration of Eid ul-Fitr.
The Kuala Lumpur Composite Index (KLCI) exhibited close correlation—greater than 80%—with the S&P 500, the Nikkei, the Hang Seng, and the CSI 300. The Singapore Straits Times Index (STI) also was more than 80% correlated with these indices, aside from the CSI 300.
Weekly gains
- Vietnam All index (FTFVAS), 1.33%
- Singapore’s Straits Times Index (STI), 0.53%
- Philippine Stock Exchange index (PSEi), 0.37%
- Jakarta Stock Exchange (JSX), 0.00%
Weekly declines
- Cambodia Securities Exchange (CSX), -0.09%
- Stock Exchange of Thailand (SET), -0.48%
- Lao Securities Exchange (LSX), -0.80%
- Kuala Lumpur Composite Index (KLCI), -0.89%
- Myanmar’s Myanpix Index (YSX), -2.91%
Currencies
Four of the nine primary Southeast Asian currencies advanced relative to the US Dollar the week of 26 June, with the Singapore Dollar (SGD) having the greatest appreciation, rising 0.70%. The Philippine Peso (PHP) had the greatest depreciation, falling 0.73% and bringing the currency’s trailing four week decline to 2.19%. The PHP’s four week decline is the greatest of the nine currencies and approximately 1.35% greater than decline of the next weakest currency over that period, which is the Cambodian Riel (KHR).
Weekly appreciations
- Singapore Dollar (SGD), 0.70%
- Thai Baht (THB), 0.03%
- Malaysian Ringgit (MYR), 0.02%
- Lao Kip (LAK), 0.00%
Weekly depreciation
- Vietnamese Dong (VND), -0.01%
- Cambodian Riel (KHR), -0.11%
- Indonesian Rupiah (IDR), -0.20%
- Myanmar Kyat (MMK), -0.31%
- Philippine Peso (PHP), -0.73%
