ASEAN KEY DESTINATIONS
28 April 2014
The Straits Times Index (STI) ended -24.86 points lower or -0.76% to 3242.71, taking the year-to-date performance to +2.46%.
The FTSE ST Mid Cap Index declined -0.31% while the FTSE ST Small Cap Index declined -0.60%. The top active stocks were CapitaMalls Asia (unchanged), UOB (-1.43%), DBS (-0.48%), SingTel (+0.53%) and OCBC Bank (-1.77%).
The outperforming sectors today were represented by the FTSE ST Basic Materials Index (+0.64%). The two biggest stocks of the FTSE ST Basic Materials Index are Midas Holdings (+2.17%) and SunVic Chemical (unchanged). The underperforming sector was the FTSE ST Utilities Index, which declined -1.60% with Hyflux’s share price gaining +0.82% and HanKore’s share price declining -5.00%. The FTSE ST Oil & Gas Index declined -0.74%. The FTSE ST Telecommunications Index gained +0.40%.
The three most active Exchange Traded Funds (ETFs) by value today were the IS MSCI India (unchanged), DBS Singapore STI ETF (-0.90%), SPDR Straits Times Index ETF (unchanged).
The three most active Real Estate Investment Trusts (REITs) by value were Ascendas REIT (+0.87%), CapitaMall Trust (+0.51%), Suntec REIT (+0.29%).
The most active index warrants by value today were HSI21800MBeCW140627 (unchanged), HSI22400MBeCW140627 (-4.40%), HSI22400MBePW140529 (-1.48%).
The most active stock warrants by value today were KepCorp MBeCW140901 (-2.03%), DBS MB eCW140604 (-10.35%), UOB MB eCW140901 (-14.04%).
Singapore Stock Market
*ST Index 3,242.71 -24.86 3,267.57 -16.36
Volume: 1,680.3M 1,996.9M
Value: $1,161.2M $1,257.1M
Gainers/Losers: 147/308 165/269
Daily Market Commentary (Securities)
28 Apr 2014
The FBM KLCI index lost 5.24 points or 0.28% on Monday. The Finance Index fell 0.33% to 17018.04 points, the Properties Index dropped 0.58% to 1444.43 points and the Plantation Index down 0.35% to 8964.65 points. The market traded within a range of 7.23 points between an intra-day high of 1862.97 and a low of 1855.74 during the session.
Actively traded stocks include PDZ, UTOPIA, KBUNAI, NEXGRAM-WA, CSL, SOLUTN, TIGER, ASIABIO-WA, TALAMT and LUSTER-WA. Trading volume increased to 2168.96 mil shares worth RM1742.26 mil as compared to Friday’s 1932.73 mil shares worth RM1893.38 mil.
Leading Movers were TM (+7 sen to RM6.09), AXIATA (+2 sen to RM6.67), MISC (+4 sen to RM6.30), PETCHEM (+2 sen to RM6.75) and DIGI (+1 sen to RM5.36). Lagging Movers were TENAGA (-10 sen to RM11.84), PBBANK (-10 sen to RM20.16), PETGAS (-30 sen to RM23.40), FGV (-7 sen to RM4.51) and PETDAG (-40 sen to RM30.22). Market breadth was negative with 235 gainers as compared to 647 losers.
The KLCI finished lower at 1855.74 for the first trading day of the week, amid cautious sentiment following the rising tensions in Ukraine and cautious mood ahead of FOMC meeting. The performance of our benchmark index was dragged down by losses in Tenaga, Banking and Plantation counters. We also witnessed some profit taking happening among the small cap. stocks.
TFEX welcomes Apple Wealth Securities as derivatives brokerage from May 6
Bangkok, April 28, 2014 - Thailand Futures Exchange PCL (TFEX), under the Stock Exchange of Thailand group, welcomes Apple Wealth Securities pcl (ticker symbol "APPLE") to operate as derivatives brokerage from May 6, 2014 onwards, after it has passed the rigorous system test.
TFEX Managing Director Kesara Manchusree said Apple Wealth, formerly Asia Credit Securities, had reactivated its derivatives brokerage operation with full readiness. The firm had fulfilled all the criteria set by TFEX and Thailand Clearing House Co., Ltd. (TCH) Therefore TFEX and TCH had given the green light to start its derivatives brokerage and clearing services.
For USD futures brokerage service, it has already applied for the license from the Bank of Thailand to trade the currency futures, which is expected to be ready soon.
TFEX gears up to improve products, boost liquidity for its upcoming 9th Anniversary
Bangkok, April 28, 2014 – Thailand Futures Exchange PCL (TFEX), under the Stock Exchange of Thailand group, has continuously been developing its products, generating more liquidity to meet market demand as TFEX is progressing into its ninth year of operation. The exchange will also focus more on cooperation with foreign derivatives markets for joint-business expansion.
TFEX Managing Director Kesara Manchusree stated that TFEX has been made a mark since it started trading in 2006 with significant developments and strong growth. Started with only one product, the SET50 futures, and now currently trading nine products. Daily trading volume jumped 57 times to 68,017 contracts, while derivatives accounts rose 19 times to 87,693 accounts. TFEX’s world ranking last year was at 35th while 2 years ago TFEX was ranked at 45th, as ranked by Futures Industry Association (FIA) from a total of 84 derivatives markets worldwide.
This year, TFEX focuses on developing products and services to provide investors with more practical tools to manage their portfolio efficiently. In addition to the launch of mini SET50 futures on May 6, TFEX will also expand its trading hours in the afternoon sessions by opening trading 15 minutes earlier.
The exchange will adjust trading hours in the afternoon session by opening the market 15 minutes sooner, resulting the session to begin with pre-opening period from 13.45-14.15 hours (from the current pre-opening period of 14.00-14.30 hours). The afternoon closing time and night sessions of all products will remain unchanged. This will make it more convenient to investors to adjust their derivatives portfolio to match with the anticipated prices of the main stock market board, Kesara added.
“In the second half of 2014, TFEX will gear up to enhance expertise for its products, especially options, as the features will benefit investors greatly, enabling them to build investment strategy in various forms for all market conditions. Options are considered the most popular product among developed derivatives markets. As such, TFEX will arrange more seminars while adding more market makers for options to help with liquidity. In addition, TFEX will join hands with foreign derivatives markets in developing derivatives products and expanding information services. The recent MOU signing with Eurex Exchange, German derivatives bourse, could generate significant benefits to investors,” Kesara added.
Apart from the extension in trading hour, TFEX will launch mini SET50 futures on May 6. The new product mechanism will immensely benefit investors as the contract size has been reduced to be one-fifth (from THB 1000 to THB 200). Margins and exchange fees will also be reduced proportionally to one-fifth as well. Any open positions prior to the launch date will be automatically increased by five times (5 mini SET50 Index futures will be automatically converted from 1 SET50 Index futures).
As of 28 April 2014 Unit: M.Baht
Type Buy Sell Net
Institution 2,479.29 7,405.69 -4,926.40
Proprietary 3,359.62 2,565.64 793.99
Foreign 6,698.67 6,544.17 154.51
Individual 24,891.45 20,913.54 3,977.91
Total Trading Value 37,429.04 M.Baht
Vietnam index down 1 pct on profit-taking near close
Vietnam's benchmark VN Index closed down 1.01 percent on Monday in thin trade as investors booked profits in some early outperformers.
The index hit as high as 580.70 earlier in the session, close to a resistance level of 585, before cautious investors secured profits from the market.
But recent declines in low liquidity showed that investors were not trying to sell shares by all means, said analyst Doan Thi Anh Nguyet at Saigon-Hanoi Securities.
Foreign investors have been net buyers of Vietnamese equities for six straight sessions, exchange data showed.
"Some stocks have hit low prices that attract mid- and long-term investors," Nguyet said.
Food producer Masan Group led the losses, with shares dropping 3.11 percent, followed by dairy product maker Vinamilk , Vietnam's second biggest listed firm by market capitalisation, that lost 1.42 percent.
Here is a snapshot of the VN Index at the close
VN Index 573.1
PREV. CLOSE 578.92
% CHANGE -1.01%
SE Asia Stocks-Southeast Asian shares extend losses; Jakarta hits 2-week low
Southeast Asian shares extended losses on Monday as an uninspiring performance on Wall Street and increasing tensions in Ukraine hurt investor
sentiment and prompted capital outflows from regional markets.
Risk appetite was also weighed down by signals that Chinese authorities are not likely to support the economy with more stimulus, though the main impetus was coming from developments in Ukraine.
Most Southeast Asian shares were in the red, with the Jakarta SE Composite Index leading the decline, dropping 1.6 percent to its lowest close in more than two weeks.
The Philippine SE Composite Index dipped 1.2 percent, also hitting a two-week low, while Vietnam's benchmark VN Index was down 1 percent.
Thai shares bucked the trend to inch up 0.2 percent, bouncing back from their biggest drop in six weeks hit in the previous session due to concerns of political violence.
Stronger gains made earlier in the day were trimmed after data showed Thai factory output dropping for a 12th straight month, with some economists saying recession is possible with a caretaker government unable to provide much stimulus and exports remaining weak.
Singapore and Malaysia also fell, edging down 0.8 percent and 0.3 percent respectively.
SOUTHEAST ASIAN STOCK MARKETS
Market Current Prev Close Pct Move
TR SE Asia Index* 417.36 419.59 -0.53
Singapore 3242.71 3267.57 -0.76
Kuala Lumpur 1855.74 1860.98 -0.28
Bangkok 1411.23 1408.16 +0.22
Jakarta 4818.76 4897.64 -1.61
Manila 6604.35 6685.10 -1.21
Ho Chi Minh 573.10 578.92 -1.01