Market Analysis - 5 Sept 2008

We refer to our previous post dated 20 Aug 2008. The indexes of the Asia & Pacific Region are not doing well.

Singapore from 2751.75 (20 Aug) to 2574.21 (5 Sep ) down 6.45%
Malaysia from 1073.21 (20 Aug) to 1070.54 (5 Sep) down 0.25%
Hong Kong from 20931.26 (20 Aug) to 19933.28 (5 Sep) down 4.77%
Australia from 4997.50 (20 Aug ) to 4949.50 ( 5 Sep) down 0.96%

Singapore market seems to be hit badly.

The banking shares are performing differently in respect of different markets during the same period.

For Singapore:-
DBS from 17.96 to 17.58 down 2.11%
UOB from 19.20 to 18.50 down 3.64%
OCBC from 8.18 to 7.88 down 3.67%

The banking shares go along with the index.

For Malaysia:-
Malayan Banking from 7.25 to 7.75 up 6.8%
Public Bank from 9.95 to 10.20 up 2.51%

The banking share is doing better than the index.

For Hong Kong:-
HSBC from 120.90 to 117.30 down 2.98%
Hang Seng Bank from 149.70 to 149.90 up 2.51%

Hang Seng Bank is performing better than the index.

For Australia:-
NAB from 24.10 to 23.60 down 2.07%
CBA from 41.1 to 41.59 up 1.19%
WBC from 22.37 to 23.35 up 4.38%
ANZ from 16.03 to 16.26 up 1.43%

Except NAB, the rest of the banking shares are performing better than the index especially WBC.