ASEAN KEY DESTINATIONS
23 April 2014
The Straits Times Index (STI) ended -19.52 points lower or -0.60% to 3258.01, taking the year-to-date performance to +2.94%.
The FTSE ST Mid Cap Index declined -0.37% while the FTSE ST Small Cap Index declined -0.67%. The top active stocks were CapitaMalls Asia (+0.45%), DBS (-0.59%), SingTel (-0.80%), Keppel Corp (-3.45%) and UOB (-0.89%).
The outperforming sectors today were represented by the FTSE ST Consumer Goods Index (-0.06%). The two biggest stocks of the FTSE ST Consumer Goods Index are Wilmar International (+0.58%) and Thai Beverage (-1.64%). The underperforming sector was the FTSE ST Oil & Gas Index, which declined -2.21% with Keppel Corp ’s share price declining -3.45% and Sembcorp Industries’ share price declining -1.46%. The FTSE ST Telecommunications Index declined -0.71%.
The three most active Exchange Traded Funds (ETFs) by value today were the IS MSCI India (-0.15%), SPDR Gold Shares (-0.46%), SPDR Straits Times Index ETF (-0.31%).
The three most active Real Estate Investment Trusts (REITs) by value were CapitaMall Trust (-1.01%), Ascendas REIT (-1.27%), Mapletree Logistics Trust (unchanged).
The most active index warrants by value today were HSI22400MBePW140529 (+19.57%), HSI22800MBeCW140529 (-20.00%), HSI22200MBeCW140529 (-18.18%).
The most active stock warrants by value today were KepCorp MBeCW140901 (-3.66%), DBS MB eCW140604 (-11.34%), KepCorp MBeCW140701 (-6.25%).
Singapore Stock Market
*ST Index 3,258.01 -19.52 3,277.53 +21.7
Volume: 1,785.3M 2,079.9M
Value: $1,221.8M $1,274M
Gainers/Losers: 174/294 308/137
Daily Market Commentary (Securities)
23 Apr 2014
The FBM KLCI index gained 0.93 points or 0.05% on Wednesday. The Finance Index fell 0.13% to 17139.85 points, the Properties Index up 0.12% to 1455.41 points and the Plantation Index down 0.29% to 8974.38 points. The market traded within a range of 5.98 points between an intra-day high of 1870.89 and a low of 1864.91 during the session.
Actively traded stocks include UTOPIA, HUBLINE, KNM-WA, TALAMT, SALCON-WA, TIGER, YTL, TIME, FRONTKN and MAS. Trading volume decreased to 2233.68 mil shares worth RM2097.62 mil as compared to Tuesday’s 2608.99 mil shares worth RM2870.60 mil.
Leading Movers were YTL (+11 sen to RM1.65), GENTING (+8 sen to RM9.73), DIGI (+4 sen to RM5.31), CIMB (+2 sen to RM7.53) and AXIATA (+2 sen to RM6.63). Lagging Movers were PBBANK (-10 sen to RM20.28), SKPETRO (-6 sen to RM4.29), FGV (-9 sen to RM4.51), MISC (-10 sen to RM6.48) and MAXIS (-5 sen to RM6.91). Market breadth was negative with 395 gainers as compared to 468 losers.
The KLCI swung between gains and losses before closing slightly higher at 1867.35 points, as investors looked for further clarity and clue in amid of a weak PMI data released in China which indicated a slowdown in the nation’s economy.
Date As of: 23 April 2014
Description Volume Value Frequency
ETF 4,000 2,200,200 23
Stock 5,207,151,004 5,836,245,891,076 224,255
Warrant 11,512,100 038,182,900 58
Total 5,218,667,104 5,837,286,274,176 224,865
Thai bourse’s Board appoints Kesara Manchusree as its 12th president
BANGKOK, April 23, 2014 – The Stock Exchange of Thailand’s (SET) Board of Governors today elected Kesara Manchusree as the exchange’s twelfth president, with a four-year term running from June 1, 2014 to May 31, 2018.
Kesara will succeed SET’s current president, Charamporn Jotikasthira, whose tenure will be ended on May 31, 2014.
The board appointed Kesara on the basis of her strong expertise in the financial industry and the capital market, including derivatives market, with her visionary leadership to develop SET sustainably at international level, in line with SET’s board policy. She has proven records in putting her skills into practice effectively. Her 11 years at SET have given her a deep understanding of SET’s working style that will help her to successfully lead the organization.
SET’s three-year strategy has been committed to grow the Thai capital market sustainably, comprehensively improving the quality of listed companies, investors, products and services, intermediaries, and well-equipped infrastructure.
Kesara, aged 53, earned her Master of Finance from Golden Gate University, USA and after graduated with} Bachelor of Economics from Thammasat University. She has joined SET since 2003, responsible for several departments, including marketing, derivatives development and money market development. Her current position is Executive Vice President and Head of Market Division. Kesara is also Managing Director of Thailand Futures Exchange PCL and director of Settrade.com Co., Ltd.
Ten more brokers agree to produce analysis for Thai mai-listed firms
BANGKOK, April 23, 2014 – The Market for Alternative Investment (mai), under The Stock Exchange of Thailand (SET) group, today signed a memorandum of understanding (MOU) with ten brokers to produce financial statement analysis for companies listed on mai. The analyses would give insights for investment’s decision making with an expectation that there would be analyses covering about 50 companies, from the total of 96 mai-listed firms.
Prapan Charoenprawatt, mai president, said only one-third companies were covered by brokers in 2013, considered comparatively small. Thus, the alternative exchange put efforts to increase financial statement analyses for investors to get access company insights for making investment decision by focusing on companies with attractive business and high growth potential. It was expected that this cooperation with brokers would create analyses covering about 50 companies.
“The mai’s market capitalization has grown continuously by 50 percent per year, owing to the new listings possessing bigger market cap and the growth of existing companies, attracting more investors. As such, this cooperation would surely benefit mai’s quality development, facilitating investors with more insightful information and attracting new investors,” Prapan added.
This cooperation includes ten broker participants, namely Aira Securities pcl, Apple Wealth Securities pcl, Bualuang Securities pcl, Country Group Securities pcl, Finansia Syrus Securities pcl, KKTrade Securities Co., Ltd., Maybank Kim Eng Securities (Thailand) pcl, Phillip Securities (Thailand) pcl, SCB Securities Co., Ltd., and UOB Kayhian Securities (Thailand) pcl. The MoU will increase broker participants to 11 in total. Previously, KGI Securities (Thailand) pcl has already joined the cooperation.
mai will celebrate its 15th anniversary on June 21, 2014. The exchange has so far raised fund worth of THB 60.24 billion (USD 1.85 billion) market value (data as of April 18, 2014). On April 21, the mai index closed at 408.98 points with market cap of THB 183.61 billion. There are currently 96 listed companies. Over the years, 15 listed companies had grown up and moved to list on the main board.
As of 23 April 2014 Unit: M.Baht
Type Buy Sell Net
Institution 4,571.64 4,171.23 400.42
Proprietary 3,772.16 4,262.81 -490.65
Foreign 9,140.12 7,492.32 1,647.80
Individual 19,124.24 20,681.81 -1,557.57
Total Trading Value 36,608.17 M.Baht
Vietnam index up 0.53 pct at midday in low volume
Vietnam's benchmark VN Index edged up 0.53 percent at the break on Wednesday in low volume as many investors stayed on the sidelines, waiting for more corporate news, an analyst said.
Banks lead the rise, with shares in Vietcombank climbing 0.69 percent, followed by Sacombank with a 3.59 percent advance. Food producer Masan Group gained 2.7 percent.
"Shares of companies with good performance results in the first quarter of this year rose slowly as many investors have been awaiting more supportive news," said analyst Vu Thi Thu Trang at Asia-Pacific Securities.
Volume hit 39 million shares by midday, far below the five-day average of 93 million, Reuters data showed.
Shares in Vietnam's top insurer Baoviet Holdings , dropped 0.77 percent to 38,700 dong ($1.83) each.
Police have launched investigation against the former chief executive and two senior officials of the insurance firm for wrongdoing in management, causing losses to the state, the Hanoi police-run Capital Security newspaper reported on Wednesday.
Here is a snapshot of the VN Index at midday
VN Index 572.91
PREV. CLOSE 569.87
% CHANGE 0.53%
SE Asia Stocks-Most down; Singapore retreats from 11-mth high on profit taking
Most Southeast Asian stocks lost ground on Wednesday, led by Singapore with investors booking profits after recent gains; while shares in Thailand bucked the regional trend to close at a critical resistance level.
The Straits Times Index fell 0.6 percent on profit-taking after a winning streak of six days. It had closed at its highest level in nearly 11 months on Tuesday.
Keppel Corporation Ltd was the top loser, with shares dropping 3.45 percent to their one-month low as the stock went ex-dividend on Wednesday at 30 Singapore cents, according to data from the Singapore Exchange.
KPLM has lost 5 percent since April 16 when it reported a 5 percent drop in first-quarter net profit compared with a year earlier.
"Results came in weaker than expected, so (Keppel's) share prices have actually been off since," said an analyst with Maybank Kim Eng.
The Jakarta Composite Index and Vietnam's benchmark VN Index both edged down 0.1 percent each, and Philippine equities reversed their four-session winning streak with a 0.23 percent fall.
But stocks in Thailand and Malaysia bucked the trend, rising 0.59 percent and 0.05 percent respectively.
Analysts expect the SET Index would face a correction soon as it has reached a critical resistance level between 1,420 and 1,430.
SOUTHEAST ASIAN STOCK MARKETS
Market Current Prev Close Pct Move
TR SE Asia Index* 420.52 421.55 -0.24
Singapore 3258.01 3277.53 -0.60
Kuala Lumpur 1867.35 1866.42 +0.05
Bangkok 1423.39 1415.05 +0.59
Jakarta 4893.15 4898.21 -0.10
Manila 6769.52 6784.95 -0.23
Ho Chi Minh 569.36 569.87 -0.09