ASEAN KEY DESTINATIONS
10 April 2014
The Straits Times Index (STI) ended -6.34 points lower or -0.20% to 3203.58, taking the year-to-date performance to +1.22%.
The FTSE ST Mid Cap Index declined -0.22% while the FTSE ST Small Cap Index declined -0.26%. The top active stocks were DBS (+0.67%), CapitaMalls Asia (+2.56%), Keppel Corp (+1.09%), Olam (+1.36%) and AusGroup (-4.90%).
The outperforming sectors today were represented by the FTSE ST Basic Materials Index (+0.77%). The two biggest stocks of the FTSE ST Basic Materials Index are Midas Holdings (unchanged) and SunVic Chemical (-0.79%). The underperforming sector was the FTSE ST Industrials Index, which declined -1.58% with Jardine Strategic Holdings ’ share price declining -3.74% and Jardine Matheson Holdings ’ share price declining -3.52%. The FTSE ST Oil & Gas Index gained +0.51%. The FTSE ST Telecommunications Index gained +0.47%.
The three most active Exchange Traded Funds (ETFs) by value today were the IS MSCI India (+0.92%), IShares USD Asia HY Bond ETF (+1.22%), DBS Singapore STI ETF (+0.31%).
The three most active Real Estate Investment Trusts (REITs) by value were Suntec REIT (unchanged), CapitaMall Trust (-1.01%), CapitaCommercial Trust (-0.96%).
The most active index warrants by value today were HSI22800MBeCW140529 (+30.00%), HSI23000MBeCW140429 (+31.67%), HSI22600MBePW140429 (-42.62%).
The most active stock warrants by value today were DBS MB eCW140604 (+8.43%), OCBC Bk MBeCW140801 (-2.86%), SGX MB eCW14 1 (-5.26%).
Singapore Stock Market
*ST Index 3,203.58 -6.34 3,209.92 +5.83
Volume: 2,017.9M 2,194.9M
Value: $1,346.9M $1,196.9M
Gainers/Losers: 220/233 274/177
Daily Market Commentary (Securities)
10 Apr 2014
The FBM KLCI index gained 3.77 points or 0.20% on Thursday. The Finance Index increased 0.25% to 16937.88 points, the Properties Index up 0.75% to 1408.34 points and the Plantation Index rose 0.58% to 8995.38 points. The market traded within a range of 4.72 points between an intra-day high of 1860.28 and a low of 1855.56 during the session.
Actively traded stocks include KNM-WA, PDZ, KNM, INFOTEC, SALCON, INGENCO, DESTINI-WA, ASIABIO, SYMPHNY and PMCAP. Trading volume decreased to 2079.64 mil shares worth RM2321.94 mil as compared to Wednesday’s 2216.95 mil shares worth RM2379.44 mil.
Leading Movers were FGV (+12 sen to RM4.66), BAT (+106 sen to RM61.42), AXIATA (+3 sen to RM6.67), GENM (+5 sen to RM4.29) and MAYBANK (+3 sen to RM9.75). Lagging Movers were SKPETRO (-7 sen to RM4.38), GENTING (-9 sen to RM9.70), UMW (-20 sen to RM10.98), IOICORP (-2 sen to RM4.86) and PETCHEM (-2 sen to RM6.79). Market breadth was positive with 546 gainers as compared to 370 losers.
The KLCI extended yesterday’s gains to finish 3.77 points higher at 1859.52, in line with overnight gains in Wall Street. Investor sentiment improved after US Federal Reserve calmed concerns of rising interest rates and also better-than-expected result of Malaysia’s IPI.
Date As of: 10 April 2014
Description Volume Value Frequency
ETF 171,400 66,163,900 133
Stock 7,376,256,217 12,613,945,688,902 368,178
Right 21,699,500 46,875,000 213
Warrant 38,278,296 1,959,979,360 427
Total 7,436,405,413 12,616,018,707,162 368,951
April 10, 2014
Thai bourse market report for March
- Daily average trading volume up 16 pct month-on-month to nearly USD 1 bln
- Market cap at USD 376 billion, up 4 pct from a month ago
- Derivatives trading up 62 pct month-on-month at 70,732 contracts per day
- Foreign investors reverse to be net buyers in March
BANGKOK, April 10, 2014 - The Stock Exchange of Thailand (SET) securities trading value in March rose from a month ago, but dropped from a year earlier, while the SET index rose almost 6 percent from the end of 2013, encouraged by easing concerns on economic stability of emerging markets, reviving on domestic political situation, and promising profit growth of listed companies.
The SET main index ended March at 1,376.26 points, up 5.97 percent from end-2013. Foreign investors reversed to be net buyers in March, purchasing THB 14.17 billion (approx. USD 436 million). They sold a net THB 20.71 billion of Thai stocks in the first quarter of 2014.
Combined average daily trading value of SET and Market for Alternative Investment (mai) was at THB 32.46 billion (USD 999 million), up 16.35 percent from a month ago, and down 52 percent from a year earlier, while daily trading volume of derivatives rose 61.69 percent from a month ago at 70,732 contracts per day.
Key highlights for March
- Market capitalization of SET was at THB 12.21 trillion (USD 376 billion), up 3.58 percent from the end of 2013, while market valuation of mai was at THB 177.96 billion (USD 5.48 billion), up 0.34 percent.
- The forward P/E ratio for SET was at 13.12 times, up from 12.49 a month ago, while mai's forward P/E ratio increased month-on-month to 15.87, from 14.00.
- The dividend yield of SET dipped to 3.13 percent from February, while mai's was down at 1.83 percent.
- Listed companies raised funds through equity worth a combined THB 17.85 billion (USD 549 million), in the first quarter, down 31 percent a year earlier, of which, THB 8.45 billion was raised from an initial public offering (IPO), and THB 9.40 billion was raised from the secondary market.
- Derivatives trading volume jumped 61.69 percent in March from a month earlier to an average of 70,732 contracts per day, due mainly to an increase of single stock futures. In the first quarter, trading volume was at a combined 56,415 contracts, down 26.85 percent from a year earlier
- Single stock futures' daily trading volume was at 45,849 contracts on average, up 115.98 percent from a month earlier, while trading volume of SET50 Index Futures was at 17,234 contracts, up 14.45 percent from a month earlier.
As of 10 April 2014 Unit: M.Baht
Type Buy Sell Net
Institution 2,943.03 3,158.83 -215.80
Proprietary 1,952.02 2,012.41 -60.39
Foreign 9,738.01 8,909.90 828.11
Individual 10,430.61 10,982.53 -551.92
Total Trading Value 25,063.67 M.Baht
Vietnam index closes down 0.3 pct on selling
Vietnam's benchmark VN Index ended down 0.32 percent on Thursday due to investors' selling that emerged when the index approached its 53-month high.
The index rose to 608.89 points early on Thursday, nearing the 609.46 points hit on March 25, the highest since October 2009, as some blue chips advanced, but investors selling for profits pulled the market down to close at 601.33 points.
"Investors sold stocks that have reached high price levels," said analyst Tran Thang Long at BIDV Securities.
Dairy product maker Vinamilk led the losses, with shares dropping 2.04 percent, and confectionery firm Kinh Do Corp fell 6.5 percent.
"Whether the index will be able to surpass this strong resistance level depends on the first quarter business results of most firms and business target for this year, which will be announced soon," Long said.
Listed companies are required to hold annual shareholder meetings before the end of April, at which they will announce their targets for 2014.
Here is a snapshot of the VN Index at the close
VN Index 601.33
PREV. CLOSE 603.25
% CHANGE -0.32%
SE Asia Stocks-Indonesia falls over 3 pct after elections; foreigners exit
Indonesian stocks slumped on Thursday, with foreign investors exiting risky assets after parliamentary election results signalled possible formation of a weak government that will have limited ability to push for reforms needed to boost investments in the Southeast Asia's largest economy.
Initial results showed the main opposition Indonesian Democratic Party-Struggle (PDI-P) failed to win enough votes to nominate popular Jakarta governor Joko "Jokowi" Widodo for the powerful presidency.
Jakarta Composite Index lost 3.2 percent to close at 4,765.73, its lowest since March 27, after it gained 4.6 percent in the 10 straight sessions through Tuesday following the announcement of Jakowi's candidacy.
The index posted its worst performance in a day since Aug. 27, with the day's trading volume at 1.5 times of the average daily volume in the last 30 days as investors booked profits after shares rose on hope for Jakowi's party to win convincingly.
Foreign investors sold a net $128.61 million worth of share, reversing the trend after the region's third best performer with an 11.5 percent return so far this year saw a net inflow of $1.81 billion since March 14.
The fall was across the board led by market heavyweights.
Indonesia's biggest auto distributor PT Astra International fell 6.2 percent, while Bank Mandiri and Bank Rakyat Indonesia lost 5.9 percent and 7.4 percent, respectively.
Analysts said a larger-than-expected coalition by PDI-P could lead to a possible formation of a weak government with limited ability to push through necessary reforms and policies ahead.
They also expect profit-taking in sectors such as infrastructure, property and banks, which have gained sharply in the lead up to the parliamentary elections.
The Indonesian rupiah , the best performing Asian currency so far this year, also fell 0.4 percent as of 0800 GMT as foreign and local banks took profits after the poll results.
Other Southeast Asian markets were range bound as positive sentiment on the minutes of the Federal Reserve's latest policy meeting was offset by an unexpected fall in Chinese exports in March.
Thailand closed 0.6 percent firmer, the Philippines ended 0.8 percent up, and Malaysia edged up 0.2 percent.
Bangkok saw a foreign inflow of $25.68 million, Manila witnessed $26.31 million, and Malaysia enjoyed a net $24.94 million offshore buying.
Singapore and Vietnam were down 0.2 percent and 0.3 percent, respectively.
SOUTHEAST ASIAN STOCK MARKETS
Market Current Prev Close Pct Move
TR SE Asia Index* 417.74 418.94 -0.29
Singapore 3203.58 3209.92 -0.20
Kuala Lumpur 1859.52 1855.75 -0.20
Bangkok 1389.56 1382.02 +0.55
Jakarta 4765.73 4921.40 -3.16
Manila 6638.89 6587.49 +0.78
Ho Chi Minh 601.33 603.25 -0.32