Daily stock and forex markets report

21 February 2022

The Philippine local bourse declined for a third consecutive trading session after Fitch ratings
maintained its negative outlook for the country and amid the growing tensions between Russia
and Ukraine. Sectoral indices were mixed with property, mining and oil, and financial sectors
leading the gainers while holding firms, services, and industrials dragged the main index lower.
The Philippine Stock Exchange index dropped 46.54 points or 0.63 percent to close at 7,372.25
points. Likewise, the Philippine peso depreciated by 2.60 centavos or 0.05 percent to close at
51.31 against the greenback.

While most of the monitored Southeast Asian markets gained, losses from decliners were
greater. Thus, leading to an average loss of 0.13 percent. Cambodia, Laos, Singapore, Indonesia,
and Vietnam landed in the green territory while Malaysia, Thailand, and Myanmar ended the
session in red ink. Cambodian local shares continued its upward trend, higher by 1.10 percent
on its seventh consecutive session as all companies on the main board rose. Singapore’s STI
inched higher on the first trading day after the government rolled out another expansionary
budget. On the other hand, Malaysia’s local stock barometer retreated on investors’
profit-taking activities following strong rallies for over a week while Thailand’s SET index
decreased due to the escalated situation in Russia and Ukraine that led to a sell off in big-cap
stocks in the banking, telecommunications, and energy sectors.

East Asian shares posted an average loss of 0.49 percent on worries involving the worsening
tensions between Russia and Ukraine. Japan’s Nikkei 225 fell for the third consecutive session as
investors were pushed away from riskier assets weighed by Ukraine jitters and losses from
industrial and basic material companies losses. Hong Kong’s Hang Seng index edged lower
dragged by tech giants amid concerns that new regulations will hurt the outlook for corporate
earnings of Chinese tech stocks. In addition, traders cut their risky bets from the likes of HSBC
and Alibaba Group Holding ahead of earnings reports. South Korea’s KOSPI pared sharper losses
from the earlier session, down only by 0.03 percent, on news that the leaders of Russia and US
would meet, raising hopes for a diplomatic solution.

The US closed its trading floors in celebration of the President’s Day.

Sources:
PSEi dips after Fitch outlook, Ukraine crisis worries
CSX Index on seven-day winning streak
Singapore stocks rise on first trading day after Budget 2022; STI up 0.2%
Bursa Malaysia closes broadly lower
Market Roundup 21 February 2022
Nikkei ends lower for third day as Ukraine jitters weigh
Alibaba, Tencent, Meituan slam tech stocks to 3-week low as regulatory risks cloud earnings outlook while
developers weaken on Covid fallout
S.Korea stocks pare early losses on Biden-Putin meeting plan
Annex

Table 1. Stock prices of major stock indices, 21 February 2022

Indices Last Open High Low Volume Change (%)
Philippine Stock Exchange Index (PSEi) 7,372.25 7,330.44 7,372.25 7,257.43 141.77K ▼0.63
Cambodia Securities Exchange (CSX) Index 568.07 569.90 571.09 565.97 217.20K ▲1.10
Dow Jones Industrial Average (DJIA)
FTSE Malaysia KLCI Index (KLSE) 1,582.69 1,601.66 1,603.38 1,578.61 189.24M ▼1.27
Hong Kong Hang Seng (HSI) 24,170.07 24,109.59 24,231.08 23,998.77 1.62B ▼0.65
Jakarta Stock Exchange Composite Index (JKSE) 6,902.96 6,896.75 6,927.91 6,886.13 23.16B ▲0.15
Japan Nikkei 225 Index (N225) 26,910.87 26,771.58 26,998.47 26,549.00 529.04M ▼0.78
Korea Composite Stock Price Index (KOSPI) 2,743.80 2,706.65 2,746.62 2,694.90 484.41K ▼0.03
Laos Securities Exchange Composite Index (LSXC) 608.61 603.64 610.18 602.25 39.60K ▲0.43
Myanmar Stock Price Index (MYANPIX) 381.67 382.05 384.29 381.67 6.38K ▼0.68
Singapore FTSE Straits Times Index (STI) 3,436.36 3,421.95 3,438.53 3,417.89 ▲0.22
Stock Exchange of Thailand (SET) Index 1,694.32 1,712.95 1,713.87 1,692.13 28.47B ▼1.10
Vietnam Ho Chi Minh Stock Index (VNI30) 1,533.40 1,530.65 1,537.56 1,522.48 163.18K ▲0.13
Sources:
Investing.com (2021). Charts. Retrieved 22 February 2022 from https://ph.investing.com/charts/multiple-indices-streaming-charts
Yangon Stock Exchange (2021). Market Summary. Retrieved 22 February 2022 from
https://ysx-mm.com/main-board/mktdata/market-summary/
CSX (2021). Daily Closing Index. Retrieved 22 February 2022 from http://csx.com.kh/data/index/daily.do?MNCD=60101
LSX (2021). Daily Closing Index. Retrieved 22 February 2022 from http://www.lsx.com.la/market/index/daily.do?lang=en7
Yahoo Finance (2021). STI Index. Retrieved 22 February 2022 from https://finance.yahoo.com/quote/%5ESTI?p=%5ESTI

Table 2. Exchange rates of major currencies, 21 February 2022

Appreciation (+) / depreciation (-)
Currency month-to-date year-to-date
Country symbol PHP equivalent day-to-date (%) (%) (%)
United States USD 51.3140 -0.0507 -0.3488 -0.3488
Japan JPY 0.4462 0.0224 -0.0896 -0.0896
United Kingdom GBP 69.7563 0.1551 -0.8693 -0.8693
Hongkong HKD 6.5789 -0.0395 -0.2706 -0.2706
Switzerland CHF 55.7518 -0.0181 -0.4568 -0.4568
Canada CAD 40.2526 0.3113 0.1381 0.1381
Singapore SGD 38.1205 0.1726 -0.5336 -0.5336
Australia AUD 36.7767 0.1727 -0.9188 -0.9188
Bahrain BHD 136.1150 -0.0453 -0.3409 -0.3409
Saudi Arabia SAR 13.6757 -0.0534 -0.3327 -0.3327
Brunei BND 37.9794 0.1719 -0.5327 -0.5327
Indonesia IDR 0.0036 0.0000 0.0000 0.0000
Thailand THB 1.5951 0.0752 -3.4104 -3.4104
United Arab Emirates AED 13.9721 -0.0501 -0.3486 -0.3486
European Monetary Union EUR 58.1028 0.2936 -0.7888 -0.7888
Korea KRW 0.0429 -0.2331 -0.9324 -0.9324
China CNY 8.1120 -0.2453 -1.0256 -1.0256
Source:
Bangko Sentral ng Pilipinas (2021). BSP Exchange Rate Bulletin. Retrieved 21 February 2022 from
https://www.bsp.gov.ph/sitepages/statistics/exchangerate.aspx