ASEAN KEY DESTINATIONS
17 April 2014
The Straits Times Index (STI) ended +0.6 points higher or +0.02% to 3253.8, taking the year-to-date performance to +2.81%.
The FTSE ST Mid Cap Index gained +0.67% while the FTSE ST Small Cap Index declined -0.13%. The top active stocks were Keppel Corp (-1.79%), Ezion (+4.13%), DBS (+0.36%), CapitaMalls Asia (unchanged) and CapitaLand (+1.60%).
The outperforming sectors today were represented by the FTSE ST Real Estate Holding and Development Index (+0.88%). The two biggest stocks of the FTSE ST Real Estate Holding and Development Index are Hongkong Land Holdings (-0.44%) and Global Logistic Properties (+2.22%). The underperforming sector was the FTSE ST Health Care Index, which declined -1.35% with Raffles Medical Group’s share price declining -0.90% and Biosensors International Group’s share price declining -2.06%. The FTSE ST Oil & Gas Index declined -0.97%. The FTSE ST Telecommunications Index gained +0.03%.
The three most active Exchange Traded Funds (ETFs) by value today were the SPDR Straits Times Index ETF (unchanged), IS MSCI India (+0.78%), DBXT MSCI Indonesia ETF (+0.70%).
The three most active Real Estate Investment Trusts (REITs) by value were Keppel REIT (+3.77%), CapitaCommercial Trust (unchanged), CapitaMall Trust (+1.01%).
The most active index warrants by value today were HSI22800MBeCW140529 (unchanged), HSI22400MBePW140529 (-12.38%), HSI23400MBeCW140529 (+2.00%).
The most active stock warrants by value today were KepCorp MBeCW140701 (-18.52%), KepCorp MBeCW140901 (-10.75%), DBS MB eCW140604 (+1.94%).
Singapore Stock Market
*ST Index 3,253.8 +0.6 3,253.2 +6.88
Volume: 1,821.8M 1,866.5M
Value: $1,217.5M $1,252.6M
Gainers/Losers: 235/202 249/198
Daily Market Commentary (Securities)
17 Apr 2014
The FBM KLCI index gained 5.17 points or 0.28% on Thursday. The Finance Index increased 0.64% to 16950.1 points, the Properties Index dropped 0.23% to 1440.12 points and the Plantation Index down 0.15% to 8912.49 points. The market traded within a range of 4.73 points between an intra-day high of 1852.13 and a low of 1847.40 during the session.
Actively traded stocks include UTOPIA, ASIABIO, MAS, KNM-WA, LBALUM, SALCON, KNM, SALCON-WA, TALAMT and PDZ. Trading volume increased to 2522.40 mil shares worth RM2113.24 mil as compared to Wednesday’s 2401.57 mil shares worth RM2254.05 mil.
Leading Movers were PBBANK (+24 sen to RM19.98), MAYBANK (+8 sen to RM9.83), CIMB (+5 sen to RM7.40), PETCHEM (+6 sen to RM6.83) and GENTING (+6 sen to RM9.58). Lagging Movers were DIGI (-3 sen to RM5.25), AXIATA (-2 sen to RM6.59), TM (-4 sen to RM5.90), IOIPG (-5 sen to RM2.70) and SKPETRO (-2 sen to RM4.25). Market breadth was negative with 406 gainers as compared to 409 losers.
The KLCI climbed and closed at 1850.54 points, underpinned by the gains made by heavyweight Public Bank and Maybank. The positive performance of our local bourse was in line with the gains in U.S. and Asian markets.
Thai bourse launches first index derivative warrants on SET50
BANGKOK, April 17, 2014 – The Stock Exchange of Thailand (SET) starts trading the first five derivative warrants on SET50 index scheduled to be launched today, underlining SET’s commitment to provide various products to meet investor demands. Proportion of DW trading accounts for 2.74 percent of the total securities trading value, comparatively higher than those of other key markets in the region.
SET Executive Vice President Kesara Manchusree said the newly-launched five derivative warrants on SET50 index would be an investment choice for investors to manage their portfolios more efficiently and effectively, in line with international markets. Of the total five DWs, four would be launched by Macquarie Securities (Thailand) Limited and the other one by KGI Securities (Thailand) pcl.
The introduction of the DW on SET50 followed SET’s 2013 announcement to add more underlying assets for DWs, such as DW covering stocks in the SET100 index with market capitalization of at least THB 10,000 million, exchange-traded funds tracking SET index series as well as the SET index series. The new DW launch was a result of an attempt of SET together with Investment Banking Club of Association of Securities Companies and the Securities and Exchange Commission (SEC) that jointly considered the terms and conditions of DW on SET index series. Consequently, the SEC approved this terms and conditions document in late March.
“First-quarter trading of DWs was worth THB 48.32 billion (approx. USD 1.49 billion) in total, or 2.74 percent of the total securities trading value, the highest proportion compared to other markets such as Korea, Malaysia, Singapore and Taiwan. The trading proportion has risen continuously from 2.10 percent in 2013 and 0.95 percent in 2012. End of the first quarter of this year, there were 637 existing DWs on the market. Of that, 328 were new DWs launched in the period, up 74 percent from a year ago when there were only 188 new DWs launched,” Kesara added.
As of 17 April 2014 Unit: M.Baht
Type Buy Sell Net
Institution 5,998.29 3,316.51 2,681.77
Proprietary 3,564.74 4,560.80 -996.06
Foreign 10,099.94 8,370.64 1,729.29
Individual 17,528.42 20,943.43 -3,415.01
Total Trading Value 37,191.38 M.Baht
Vietnam index ends up 1.05 pct on widespread buying
Vietnam's benchmark VN Index climbed 1.05 percent to close at 580.31 points on Thursday as investors picked up cheap shares after recent falls.
"Given such sharp drop in the previous session while there was no bad news, some investors thought it was a good time to
join the market," said analyst Nguyen Hoang Phuong at Ho Chi Minh City Securities.
The index closed at a six-week low on Wednesday after having fallen for five straight sessions.
Most stocks advanced, led by Vietnam's biggest listed firm PetroVietNam Gas , with a 1.66-percent advance. Food producer Masan Group rose 1.06 percent and Ho Chi Minh City-based lender Sacombank increased 2.11 percent.
But low trading and expected weak buying demand at higher prices would prevent the index from strong gains, analysts said.
Here is a snapshot of the VN Index at the close
VN Index 580.31
PREV. CLOSE 574.29
% CHANGE 1.05%
SE Asia Stocks-Thailand, Indonesia lead regional gains on inflows
Southeast Asian stock markets rose on Thursday as investors took positions in emerging markets on expectations of strong corporate earnings, boosting
Thai shares to their highest since November, while Indonesia ended at more than a week high.
Bangkok's SET index closed up 0.5 percent at 1,408.78. Shares of Kasikornbank led the gainers on expectations of strong results for the January-March quarter.
Jakarta's Composite Index gained 0.5 percent to 4,897.05, its highest close since April 9. Bank Central Asia rose 1.4 percent after broker Trimegah Securities said in a report on Thursday that the lender was likely to post strong quarterly earnings.
Foreign investors net bought Thai shares worth 1.73 billion baht ($53.6 million), while for Indonesia it was 672.8 billion rupiah ($59 million).
In Singapore, shares of rig builder Keppel Corp fell after reporting weak quarterly results.
Indonesia and Singapore will be shut on Friday for a market holiday, reopening on Monday. The Philippine stock market was shut from Thursday, and trading will resume on Monday.
SOUTHEAST ASIAN STOCK MARKETS
Market Current Prev Close Pct Move
TR SE Asia Index* 421.55 419.46 +0.50
Singapore 3253.80 3253.20 +0.02
Kuala Lumpur 1850.54 1845.37 +0.28
Bangkok 1408.78 1401.84 +0.50
Jakarta 4897.05 4873.01 +0.49
Ho Chi Minh 580.31 574.29 +1.05