ASEAN KEY DESTINATIONS
14 April 2014
The Straits Times Index (STI) ended +16.61 points higher or +0.52% to 3214.83, taking the year-to-date performance to +1.58%.
The FTSE ST Mid Cap Index gained +0.40% while the FTSE ST Small Cap Index gained +0.08%. The top active stocks were DBS (+0.61%), Olam Intl (unchanged), Keppel Corp (+0.36%), OCBC Bank (+0.21%) and UOB (+0.55%).
The outperforming sectors today were represented by the FTSE ST Industrials Index (+1.10%). The two biggest stocks of the FTSE ST Industrials Index are Jardine Strategic Holdings (+3.15%) and Jardine Matheson Holdings (+0.63%). The underperforming sector was the FTSE ST Utilities Index, which declined -1.24% with Hyflux’s share price increasing +0.41% and HanKore’s share price declining -3.94%. The FTSE ST Oil & Gas Index gained +0.30%. The FTSE ST Telecommunications Index gained +0.27%.
The three most active Exchange Traded Funds (ETFs) by value today were the IS MSCI India 100 (+0.31%), DBS Singapore STI ETF (+0.92%), SPDR Straits Times Index ETF (+0.94%).
The three most active Real Estate Investment Trusts (REITs) by value were CapitaMall Trust (-0.25%), CapitaCommercial Trust (-0.31%), Ascendas REIT (+0.89%).
The most active index warrants by value today were HSI23000MBePW140529 (-7.75%), HSI22800MBeCW140529 (+3.42%), HSI23400MBeCW140529 (+4.23%).
The most active stock warrants by value today were DBS MB eCW140604 (unchanged), KepCorp MBeCW140701 (+3.7%), KepCorp MBeCW140603 (+3.97%).
Singapore Stock Market
*ST Index 3,214.83 +16.61 3,198.22 -5.36
Volume: 1,800.4M 1,982.2M
Value: $870.1M $991.6M
Gainers/Losers: 239/198 172/253
Daily Market Commentary (Securities)
14 Apr 2014
The FBM KLCI index lost 1.13 points or 0.06% on Monday. The Finance Index unchanged at 16865.94 points, the Properties Index up 0.59% to 1418.35 points and the Plantation Index down 0.12% to 8977.94 points. The market traded within a range of 6.60 points between an intra-day high of 1854.52 and a low of 1847.92 during the session.
Actively traded stocks include KAREX-CA, ASIABIO, TALAMT, NEXGRAM, KNM-WA, GSB, PDZ, SYMPHNY, TIGER and E&O. Trading volume decreased to 2022.14 mil shares worth RM2048.64 mil as compared to Friday’s 2220.09 mil shares worth RM1968.71 mil.
Leading Movers were TENAGA (+8 sen to RM11.98), PETCHEM (+4 sen to RM6.79), DIGI (+3 sen to RM5.28), GENM (+2 sen to RM4.26) and IHH (+2 sen to RM3.92). Lagging Movers were AXIATA (-7 sen to RM6.59), SKPETRO (-7 sen to RM4.28), MISC (-10 sen to RM6.70), CIMB (-2 sen to RM7.38) and PPB (-10 sen to RM16.30). Market breadth was negative with 396 gainers as compared to 454 losers.
The KLCI ended lower at 1851.53 points, in line with the performance of the overall Asian market following the sharp decline in the US market last Friday while data showed China’s economy slowed in the first quarter of 2014.
Vietnam index ends down 0.74 pct, blue-chips lead fall
Vietnam's benchmark VN Index extended losses to a third straight session on Monday and ended down 0.74 percent, led by a fall in blue-chips as
investors turned cautious.
Most blue-chips in the banking sector fell with Eximbank dropping 1.42 percent, Vietcombank losing 0.97 percent and Vietinbank down 0.6 percent.
PetroVietNam Gas , Vietnam's biggest listed company by market capitalisation, ended down 0.53 percent after hitting
a record high close of 94,500 dong ($4.48) on Friday.
While the market had risen strongly in the past three months, a lack of positive news has led to slower cash flow into the market, said Doan Thi Anh Nguyet, an analyst at Saigon-Hanoi Securities.
Here is a snapshot of the VN Index at the close
VN Index 596.11
PREV. CLOSE 600.57
% CHANGE -0.74%
SE Asia Stocks-Singapore shares close at 1-week high on improved outlook
Singapore stocks advanced on Monday, while most other regional markets fell, helped by a central bank forecast of a moderate economic rebound for the City State, and Indonesian equities picked up after a post-election slump.
The Straits Times Index bounced back from previous losses after Singapore's central bank said on Monday it would maintain a tight monetary policy, backed by optimism on the economic outlook, despite weak first-quarter data.
"The Singapore economy is expected to grow at a moderate pace in 2014, supported by the cyclical uplift in the industrialised economies," the Monetary Authority of Singapore said.
The Singapore index closed up 0.52 percent at 3214.83, the highest since April 3, led by industrial conglomerate Jardine Matheson Holdings and subsidiary Jardine Strategic Holdings Ltd , Reuters data showed.
Indonesia's Jakarta's Composite Index climbed 1 percent, with the banking sector outperforming others.
The region's second best performer so far this year has gained a combined 2.1 percent in two sessions, recouping after a more than 3 percent drop on Thursday amid political uncertainty that could impact investments in the country.
Stocks in the Philippines fell for a third straight day to close down 0.11 percent with trading at the lowest volume in almost three months, Reuters data showed.
Malaysia was nearly flat at 0.06 percent and Vietnam's VN Index lost 0.74 percent amid cautious sentiment and extended net selling by foreigner investors.
The Thai market was closed on Monday for a public holiday.
SOUTHEAST ASIAN STOCK MARKETS
Market Current Prev Close Pct Move
TR SE Asia Index* 415.91 416.81 -0.22
Singapore 3214.83 3198.22 +0.52
Kuala Lumpur 1851.53 1852.66 -0.06
Jakarta 4864.88 4816.58 +1.00
Manila 6589.55 6596.96 -0.11
Ho Chi Minh 596.11 600.57 -0.74
World stocks decline on dour US earnings outlook
Global stock markets fell Monday following two days of U.S. declines and forecasts of lower American corporate profits.
Oil rose above $104 per barrel amid renewed tensions between Ukraine and Russia.
In early European trading Germany's DAX fell 0.5 percent to 9,275.98 and France's CAC-40 shed 0.1 percent to 4,361.36. Britain's FTSE 100 dropped 0.5 percent to 6,530.90. Asian stock markets were muted.
On Wall Street, futures for the Dow Jones industrial average and the broader S&P 500 both were off 0.1 percent.
The declines came after investors drove U.S. markets lower for a second day Friday due to anxiety that earnings growth was faltering.
Financial analysts expect earnings for companies in the Standard & Poor's 500 to drop 1.6 percent from a year earlier, according to FactSet, a financial data provider. That was a reversal from the start of the year, when they expected a jump of 4.3 percent.
"We believe the selling is not finished," said Bank of America Merrill Lynch in a report.
Tokyo's Nikkei 225 shed 0.4 percent to 13,910.16 and Sydney's S&P/ASX 200 tumbled 1.3 percent to 5,358.9.
China's benchmark Shanghai Composite Index was little changed at 2,131.54 while Seoul's Kospi held steady at 1,997.02.
Hong Kong's Hang Seng index was the region's only major gainer, rising 0.2 percent to 23,048.40.
In Japan, retailers are feeling the impact of a sales tax hike that took effect April 1. Department stores such as Takashimaya, Mitsukoshi and Sogo said sales plunged by 10 to 25 percent in the first week of April.
"Consumption demand has fallen sharply since the new tax rate took effect," said DBS Group in a report.
On Friday, the Nasdaq dropped 1.3 percent. The Dow fell 0.9 percent while the S&P 500 was off 1 percent.
In energy markets, benchmark U.S. crude for May delivery was up 72 cents to $104.47 after Ukraine's government said Sunday it was sending troops to try to quash a pro-Russian insurgency in eastern Ukraine despite warnings from the Kremlin. Markets have been rattled by concern Western sanctions against Moscow might disrupt Russian exports of oil and gas. The contract rose 34 cents Friday to close at $103.74.
In currency markets, the dollar rose to 101.68 yen from 101.63 yen late Friday. The euro fell to $1.3827 from $1.3852. (**)