INDONESIA STOCK EXCHANGE

JCI Jakarta Composite Index
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Last Price
6,302
06:51 GMT / 19 AUG 2019
Value Change [%]
14.92
[ 0.24 %]
Open
6,311
Day's High
6,330
Year's High
6,636
Previous Close
6,287
Day's Low
6,285
Year's Low
5,622
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31 July 2019 - reuters.com
SE Asia Stocks-Most gain as global stimulus hopes lift risk sentiment
19 August 2019
source: reuters.com
    * China, Germany, Thailand line up policies to spur growth
    * Indonesian shares hit over two-week high
    * Thai stocks gain despite Q2 GDP growth slowest in nearly 5
years

    By Niyati Shetty
    Aug 19 (Reuters) - Most Southeast Asian stock markets gained
on Monday, as hopes that central banks around the world would
unleash new stimulus to boost growth eased concerns over a
global recession.  
    Such hopes found support from the Chinese central bank's
interest rate reforms over the weekend, seen lowering corporate
borrowing costs, and reports of new fiscal stimulus in Germany. 
  urn:newsml:reuters.com:*:nL4N25D01Y  urn:newsml:reuters.com:*:nL8N25C3I1
    The Sino-U.S. trade dispute has dampened growth in Southeast
Asian economies, and any policy support by the region's major
trading partner - China - to shore up domestic demand will help
bring buyers back to the equities market. 
    Singapore stocks  .STI  clawed back ground from previous
session's losses, supported by financials. Lender
Oversea-Chinese Banking Corporation Ltd  OCBC.SI  added 0.8%,
while peer United Overseas Bank Ltd  UOBH.SI  gained 0.4%. 
    Asian markets may gain "on optimism that German if not
Eurozone policy stimulus could be forthcoming," OCBC Bank said
in a note, adding that, "Singapore may trade firmer between a
3,100-3,150 range amid positive Friday cues from Wall Street."
    The Indonesian benchmark index  .JKSE  advanced to touch its
highest in more than two weeks, buoyed by gains in consumer and
financial stocks. Instant noodles maker Indofood CBP Sukses
Makmur  ICBP.JK  rose as much as 4.3%, while the Bank Central
Asia  BBCA.JK  added 1.2%.
    The archipelago's president on Friday proposed $178 billion
budget for 2020, that targeted a slightly optimistic gross
domestic product growth of 5.3% for the year.  urn:newsml:reuters.com:*:nL4N25C1RK
    Also soothing markets, U.S. President Donald Trump and top
White House officials on Sunday dismissed economic growth
concerns, saying they saw little risk of recession. Investors
were rattled last week after signals from the bond market
sparked fears of a sharp global slowdown.  urn:newsml:reuters.com:*:nL2N25E042   
    Thai equities  .SETI  gained 0.8% even as government data on
Monday showed the trade-dependent economy grew at its slowest
annual pace in almost five years in the second quarter on lower
exports and soft domestic demand.  urn:newsml:reuters.com:*:nB7N21902D
    The country's finance minister on Friday, however, said
Thailand was planning a $10 billion stimulus package to shore up
the slackening economy.  urn:newsml:reuters.com:*:nL4N25C16K
    The financial and energy sectors supported Thai shares, with
Siam Commercial Bank PCL  SCB.BK  and conglomerate PTT PCL
 PTT.BK  adding 2.8% and 1.2%, respectively.     
    The Philippine index  .PSI  and Vietnam shares  .VNI  traded
marginally higher, while Malaysian stocks edged down. 
        
For Asian Companies click;  urn:newsml:reuters.com:*:nTOPEQA  

SOUTHEAST ASIAN STOCK MARKETS AS AT 0410 GMT
    
 Change on the day                                
 Market                 Current   Previous close  Pct Move
 Singapore              3131.98   3115.03         0.54
 Bangkok                1637.71   1631.4          0.39
 Manila                 7813.03   7795.98         0.22
 Jakarta                6306.832  6286.657        0.32
 Kuala Lumpur           1597.97   1599.22         -0.08
 Ho Chi Minh            981.84    980             0.19
                                                  
 Change so far in 2019                            
 Market                 Current   End 2018        Pct Move
 Singapore              3131.98   3068.76         2.06
 Bangkok                1637.71   1563.88         4.72
 Manila                 7813.03   7,466.02        4.65
 Jakarta                6306.832  6,194.50        1.81
 Kuala Lumpur           1597.97   1690.58         -5.48
 Ho Chi Minh            981.84    892.54          10.01
 
 (Reporting by Niyati Shetty; Editing by Sherry Jacob-Phillips)
 ((Niyati.N.Shetty@thomsonreuters.com; +918067497199;))
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