Shares recover in volatile week for dollar, crypto
published : 22 May 2021 at 04:00
Recap: Global shares rose yesterday amid optimism fed by strong US economic and earnings reports, while Covid restrictions receded in some countries. The upturn capped a volatile week in which worries about inflation and an early US interest-rate hike pushed the dollar near a three-month low, the cryptocurrency market tanked while gold and silver shone as safe-haven assets.
The SET index moved in a range of 1,529.69 and 1,570.37 points this week before closing yesterday at 1,552.44, up by 0.19% from the previous week, in daily turnover averaging 90.25 billion baht.
Retail investors were net buyers of 4.95 billion baht, institutional investors bought 1.73 billion and brokerage firms purchased 1.49 billion baht worth of shares. Foreign investors were net sellers of 8.18 billion baht.
Vietnam appears to be leading the economic recovery among four emerging economies in ASEAN known collectively as CLMV (Cambodia, Laos, Myanmar and Vietnam),
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18 May, 2021 Author Regina Liezl GambeRebecca Isjwara
Singapore s three major banks will continue to face pressure on their margins this year, though they may maintain their earnings momentum as the pace of loan growth may improve with the expected economic recovery, analysts say.
DBS Group Holdings Ltd., Oversea-Chinese Banking Corp. Ltd. and United Overseas Bank Ltd. reported unchanged net interest margins in the first quarter of 2021 over the fourth quarter of 2020. However, NIMs, a key measure of banks profitability, were lower than the year-ago period at all three lenders. For example, DBS, the biggest bank in Southeast Asia by assets, reported that its NIM fell to 1.49% in the March quarter, from 1.86% a year ago.
Aditya Laroia has been appointed chief executive officer of Maybank Kim Eng Securities Pte Ltd Singapore
KUALA LUMPUR: Aditya Laroia has been appointed chief executive officer of Maybank Kim Eng Securities Pte Ltd Singapore with effect from Tuesday.
In a statement, it said Aditya will be responsible for the overall securities and investment banking businesses in Singapore.
He will also oversee the execution of Maybank Kim Eng’s five-year plan, anchored by a sustainability-first approach to help clients leverage ESG opportunities that can generate alpha.
Aditya has over 23 years’ experience in financial markets in New York, London and Asia.
He joined Maybank Kim Eng Group in May 2020 as regional head, prime brokerage and head, investment management, Singapore where he has been instrumental in developing prime and its expansion into new markets, such as the launch of prime in the US late last year.