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 year-to-date movements, and plot the data in charts, which you can find on the “index charts” and “currency charts” pages.
Indices
During the week of 6 November, five of the ten indices in Southeast Asia advanced, with Vietnam’s two indices rising the most and building on their leading year-to-date returns; the Ho Chi Minh Stock Exchange (VNI) gained 2.90%, bringing its year-to-date return to 30.58%, and the Hanoi Stock Exchange (HNX) gained 1.93%, bringing its year-to-date return to 32.76%. The Cambodia Securities Exchange index (CSX) had the greatest decline, falling 1.46%.
Weekly gains
- Ho Chi Minh Stock Exchange Index (VNI), 2.90%
- Hanoi Stock Exchange Index (HNX), 1.93%
- Singapore’s Straits Times Index (STI), 1.12%
- Philippine Stock Exchange index (PSEi), 0.68%
- Kuala Lumpur Composite Index (KLCI), 0.08%
Weekly declines
- Lao Securities Exchange index (LSX), -0.25%
- Jakarta Stock Exchange index (JSX), -0.29%
- Myanmar’s Myanpix index (YSX), -0.41%
- Stock Exchange of Thailand index (SET), -0.72%
- Cambodia Securities Exchange index (CSX), -1.46%
Currencies
Six of the nine Southeast Asian currencies advanced relative to the US Dollar the week of 6 November, with the Malaysian Ringgit increasing the most, appreciating 1.05%. On Thursday, Bank Negara Malaysia, the country’s central bank, indicated it may review the current degree of monetary accommodation given the strength of the domestic and global economy, according to its monetary policy statement, suggesting the bank in 2018 could begin to raise its benchmark interest rate from its current level of 3.0%.
The Indonesian Rupiah had the greatest depreciation this week, falling 0.26%, possibly because of weaker-than-expected GDP growth. On Monday, Indonesia’s statistics agency reported Indonesia’s third quarter GDP to be 5.06%, which was less than the 5.13% expected in a Reuter’s poll, according to the Nasdaq.
Weekly appreciations
- Malaysian Ringgit (MYR), 1.05%
- Singapore Dollar (SGD), 0.35%
- Thai Baht (THB), 0.15%
- Cambodian Riel (KHR), 0.10%
- Philippine Peso (PHP), 0.04%
- Myanmar Kyat (MMK), 0.00%
Weekly depreciation
- Vietnamese Dong (VND), -0.00%
- Lao Kip (LAK), -0.01%
- Indonesian Rupiah (IDR), -0.26%
