ASEAN KEY DESTINATIONS
01 April 2016
The Straits Times Index (STI) ended 22.41 points or 0.79% lower to 2818.49, taking the year-to-date performance to -2.23%.
The top active stocks today were DBS, which declined 1.11%, SingTel, which declined 1.83%, OCBC Bank, which declined 0.23%, UOB, which declined 0.58% and ComfortDelGro, with a 0.69% fall.
The FTSE ST Mid Cap Index declined 0.23%, while the FTSE ST Small Cap Index declined 0.51%.
The outperforming sectors today were represented by the FTSE ST Consumer Goods Index, which rose 0.26%. The two biggest stocks of the Index - Wilmar International and Thai Beverage – ended unchanged and closed unchanged respectively.
The underperforming sector was the FTSE ST Telecommunications Index, which slipped 1.74%. SingTel shares declined 1.83% and StarHub declined 1.19%.
The three most active Exchange Traded Funds (ETFs) by value today were:
IS MSCI India 100 (-1.34%)
Ishares USD Asia HY Bond ETF (-0.29%)
Ishares Usd Asia Bond ETF (+0.57%)
The three most active Real Estate Investment Trusts (REITs) by value were:
Capitamall Trust (-0.48%)
Ascendas REIT (-0.42%)
Capitacom Trust (-1.02%)
The most active index warrants by value today were:
The most active stock warrants by value today were:
DBS MB eCW160711 (-10.40%)
DBS MB ePW161003 (+4.43%)
DBS VT eCW160916 (-8.13%)
For real time price updates throughout the course of the trading day, investors can access and sort market information here.
Singapore Stock Market
*ST Index 2,818.49 -22.41 2,840.9 -31.88
Volume: 1,407.6M 2,352.4M
Value: $972.6M $1,328.4M
Gainers/Losers: 145/235 161/224
Daily Market Commentary (Securities)
1 April 2016
The FBM KLCI index lost 7.03 points or 0.41% on Friday. The Finance Index fell 0.57% to 14682.12 points, the Properties Index dropped 0.32% to 1182.55 points and the Plantation Index down 0.28% to 7846.29 points. The market traded within a range of 14.05 points between an intra-day high of 1720.27 and a low of 1706.22 during the session.
Actively traded stocks include GAMUDA-WE, AEON-CE, AAX, AAX-WA, VIVOCOM, DRBHCOMC18, PARKSON-CP, HSI-HT, WCT-WE and EKA. Trading volume decreased to 1486.90 mil shares worth RM1725.11 mil as compared to Thursday’s 1801.54 mil shares worth RM2535.82 mil.
Leading Movers were SKPETRO (+3 sen to RM1.89), WPRTS (+4 sen to RM4.17), BAT (+44 sen to RM54.48), RHBCAP (+3 sen to RM5.93) and UMW (+3 sen to RM6.90). Lagging Movers were YTL (-4 sen to RM1.60), HLFG (-34 sen to RM15.18), ASTRO (-5 sen to RM2.94), CIMB (-8 sen to RM4.77) and GENM (-7 sen to RM4.47). Market breadth was negative with 301 gainers as compared to 488 losers.
The KLCI extended its losing streak after ending lower at 1710.55 points amid overnight mixed performance in Wall Street. The performance of our benchmark index was bogged down by selling interest in heavy weights counters such as YTL, CIMB and Hong Leong Financial Group.
Date As of: 01 April 2016
Description Volume Value Frequency
ETF 10,000 6,292,900 09
Stock 4,431,319,511 5,689,331,024,854 237,050
Warrant 8,076,800 107,093,200 195
Total 4,439,406,311 5,689,444,410,954 237,254
Thai bourse to list "GVREIT," on April 4
BANGKOK, April 1, 2016 - The Stock Exchange of Thailand (SET) will list Golden Ventures Leasehold Real Estate Investment Trust worth THB 8.15 billion (approximately USD 230.17 million) on its main board on April 4, under the ticker symbol "GVREIT."
SET Senior Executive Vice President Santi Kiranand said that GVREIT would list and start trading on the Thai bourse's Property & Construction industry group, Property Fund & REITs sector, on April 4. GVREIT offered 814.80 million units via an initial public offering (IPO) at THB 10 per unit during March 14-18, 2016 with total value of THB 8.15 billion. GVREIT was managed by Univentures REIT Management Co., Ltd, a subsidiary of Univentures pcl (UV). Its trustee was
Kasikorn Asset Management Co., Ltd., while JayDee Partners Limited was its financial advisor. Kasikornbank pcl was its sole underwriter.
GVREIT has invested in 26-year leasehold rights of the Park Ventures Ecoplex building (excluding the Okura Prestige hotel), until end of September 2041 and sub-lease rights of land and Sathorn Square office building for 25 years (until end of October 2040) with the combined area of 99,500 square meters and more than 95 percent occupancy rate.
Managing Director of Univentures REIT Management, Urasate Navanugraha, said that GVREIT has invested in two potential investment buildings in prime locations in central business district, connecting the BTS skytrain with environmentally friendly design and construction. Certified by the Leadership in the Energy and Environmental Design (LEED) certification program of the U.S. Green Building Council, the Park Ventures Ecoplex was ranked at the platinum level, while the Sathorn Square office building was at gold level. With its growth potential supported by UV and Golden Land Property Development pcl (GOLD) and managed by
North Sathorn Realty Co., Ltd., subsidiary of GOLD, as such GVREIT could provide good returns for the trust unit holders in the long run.
GVREIT's dividend policy is to pay no more than four times a year at no less than 90 percent of the adjusted net profit of its financial year. GVREIT's three major unit holders after its IPO are Golden Land Property Development pcl (GOLD) (25.10 percent), Thai Life Insurance pcl (8.28 percent) and Bangkok Life Assurance pcl (7.98 percent).
For more information, please see GVREIT's prospectus at the Securities and Exchange Commission's website at www.sec.or.th, and www.gvreit.com, as well as general information on SET's website at www.set.or.th .
As of 1 April 2016 Unit: M.Baht
Type Buy Sell Net
Institution 4,365.59 6,369.22 -2,003.63
Proprietary 4,205.30 4,013.76 191.54
Foreign 15,161.22 11,142.39 4,018.83
Individual 18,474.32 20,681.07 -2,206.75
Total Trading Value 42,206.44 M.Baht
Vietnam index ends down 0.5 pct, banks lead fall
Vietnam's benchmark VN Index .VNI closed down 0.5 percent on Friday, posting its third consecutive weekly loss, with banks leading the fall in volatile trade.
Four of the country's six listed banks declined, while two were flat. Top lender Vietcombank VCB.HM dipped 0.24 percent and VietinBank CTG.HM dropped 0.61 percent.
As many as 131.4 million shares changed hand, down nearly 24 percent from the previous day.
Vietnamese shares, among the cheapest in Southeast Asia, sank 2.4 percent this week, much steeper than the 0.65-percent fall last week.
Snapshot of the VN Index .VNI at the close
VN Index Close 558.43
Previous Close 561.22
Change (%) -0.5%
SE Asia Stocks-Fall on gloomy economic outlook; Singapore at 3-wk closing low
Southeast Asian stock markets fell on Friday as concerns over global economic outlook dented sentiment after S&P cut its credit outlook for China, and on a gloomy survey of Japanese manufacturing.
Singapore's Straits Times Index .STI ended 0.8 percent down at its lowest close since March 10, Thailand's SET Index .SETI finished 0.5 percent weaker, and the Philippines .PSI was down 0.2 percent.
"At the moment, there are so many concerns over the major economies, especially China and the U.S. So the buying spree has
trimmed and some are taking profits," said Teerada Charnyingyong, an analyst with Phillip Capital in Bangkok.
U.S. Federal Reserve Chair Janet Yellen's speech on Tuesday gave some cues about the pace of future interest rate hikes, but
it failed to sustain the gains.
A downward revision of China's sovereign credit rating also weighed on sentiment. S&P cut its outlook for China's sovereign credit rating on Thursday to "negative" from "stable", though it maintained the rating at AA-minus.
A deterioration in the business sentiment among Japan's big manufacturers, which hit its lowest in nearly three years also hurt the market.
Malaysia .KLSE lost 0.4 percent, Indonesia's Jakarta Composite Index .JKSE fell 0.1 percent. Malaysia saw $11.95 million net foreign outflows on Friday.
Vietnam's benchmark VN Index .VNI , which gained in early trade, retreated and closed 0.5 percent lower, posting its third
consecutive weekly loss, with banks leading the fall in volatile trade.
SOUTHEAST ASIAN STOCK MARKETS
Market Current previous Pct Move
Singapore 2818.49 2840.9 -0.79
Bangkok 1400.72 1407.7 -0.50
Manila 7245.13 7262.3 -0.24
Jakarta 4843.186 4845.371 -0.05
Kuala Lumpur 1710.55 1717.58 -0.41
Ho Chi Minh 558.43 561.22 -0.50