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 9 October, eight of the ten indices in Southeast Asia advanced, with the Lao Securities Exchange (LSX) index gaining the most, rising 2.83%. The greatest increase in the LSX came from the Phousy Construction and Development Public Company (PCD), which first traded its shares on Tuesday, listing them at LAK 1,200. PCD, which specializes in infrastructure construction, is the sixth company to be listed on the LSX and is the first company to launch an initial public offering (IPO) in 2017. UDI Farm, a local agriculture company, is expected to IPO later this year, according to the Lao News Agency.
The Philippine Stock Exchange ended the week higher 1.65% and again set new record highs. The gains came despite the country’s manufacturing index posting a slower annual increase of 2.4% in August compared to the 8.5% increase the previous year, according to the Philippine Statistics Authority. Additionally, Bangko Sentral ng Pilipinas, the country’s central bank, announced that gross international reserves declined in September, according to The Manila Times.
Weekly gains
- Lao Securities Exchange index (LSX), 2.83%
- Philippine Stock Exchange index (PSEi), 1.65%
- Ho Chi Minh Stock Exchange Index (VNI), 1.63%
- Hanoi Stock Exchange Index (HNX), 1.05%
- Stock Exchange of Thailand index (SET), 0.97%
- Singapore’s Straits Times Index (STI), 0.85%
- Cambodia Securities Exchange index (CSX), 0.51%
- Jakarta Stock Exchange index (JSX), 0.32%
Weekly declines
- Kuala Lumpur Composite Index (KLCI), -0.49%
- Myanmar’s Myanpix index (YSX), -0.59%
Currencies
Seven of the nine Southeast Asian currencies advanced relative to the US Dollar the week of 9 October, with the Singapore Dollar and Thai Baht resuming their leading growth trend, gaining 1.12% and 1.10%, respectively. Year-to-date, the Thai Baht has gained the most relative to the US Dollar, rising 8.45%, and the Singapore Dollar has appreciated the second most, increasing 7.35%.
The Lao Kip was the only currency to depreciate relative to the USD this week, falling 0.12%. The Kip’s year-to-date decline of 1.53% is second to the Philippine Peso, which has decreased 3.03%.
Weekly appreciations
- Singapore Dollar (SGD), 1.12%
- Thai Baht (THB), 1.10%
- Myanmar Kyat (MMK), 0.41%
- Malaysian Ringgit (MYR), 0.37%
- Cambodian Riel (KHR), 0.15%
- Indonesian Rupiah (IDR), 0.04%
- Vietnamese Dong (VND), 0.02%
- Philippine Peso (PHP), 0.00%
Weekly depreciation
- Lao Kip (LAK), -0.12%
