ASEAN KEY DESTINATIONS
02 April 2014
The Straits Times Index (STI) ended -5.74 points lower or -0.18% to 3192.78, taking the year-to-date performance to +0.88%.
The FTSE ST Mid Cap Index gained +0.40% while the FTSE ST Small Cap Index declined -0.03%. The top active stocks were Noble Group (+5.02%), Sp Land (+0.32%), DBS (+0.24%), UOB (unchanged) and SingTel (-0.27%).
The outperforming sectors today were represented by the FTSE ST Basic Materials Index (+0.92%). The two biggest stocks of the FTSE ST Basic Materials Index are Midas Holdings (+1.15%) and SunVic Chemical (unchanged). The underperforming sector was the FTSE ST Real Estate Holding and Development Index, which declined -0.62% with Hongkong Land Holdings ’ share price declining -0.93% and Global Logistic Properties’ share price declining -1.15%. The FTSE ST Oil & Gas Index declined -0.02%. The FTSE ST Telecommunications Index declined -0.30%.
The three most active Exchange Traded Funds (ETFs) by value today were the IS MSCI India (+1.41%), SPDR Gold Shares (-0.24%), Lyxor ETF Asia Ex (+4.00%).
The three most active Real Estate Investment Trusts (REITs) by value were CapitaMall Trust (+1.32%), Suntec REIT (+0.60%), Ascendas REIT (unchanged).
The most active index warrants by value today were HSI22200MBeCW140529 (+4.41%), HSI22200MBeCW140429 (+2.75%), HSI21800MBePW140429 (-1.85%).
The most active stock warrants by value today were UOB MB eCW140701 (unchanged), DBS MB eCW140604 (-4.65%), DBS MB ePW140702 (-1.84%).
Singapore Stock Market
*ST Index 3,192.78 -5.74 3,198.52 +9.9
Volume: 2,001.2M 1,828.8M
Value: $1,442.3M $1,136.5M
Gainers/Losers: 210/220 216/189
Daily Market Commentary (Securities)
2 Apr 2014
The FBM KLCI index gained 4.24 points or 0.23% on Wednesday. The Finance Index increased 0.48% to 16705.54 points, the Properties Index up 0.91% to 1379.98 points and the Plantation Index down 0.05% to 8927.42 points. The market traded within a range of 7.19 points between an intra-day high of 1854.01 and a low of 1846.82 during the session.
Actively traded stocks include INGENCO, KNM-WA, MAS, SYMPHNY, INSAS, RA, KNM, SONA, TIGER and SALCON. Trading volume increased to 2347.37 mil shares worth RM2636.40 mil as compared to Tuesday’s 1976.37 mil shares worth RM2052.31 mil.
Leading Movers were PBBANK (+30 sen to RM19.48), SKPETRO (+12 sen to RM4.68), CIMB (+5 sen to RM7.21), GENM (+6 sen to RM4.22) and PETGAS (+22 sen to RM24.42). Lagging Movers were TENAGA (-22 sen to RM11.74), FGV (-8 sen to RM4.60), IHH (-4 sen to RM3.80), MAXIS (-3 sen to RM6.93) and GENTING (-3 sen to RM9.94). Market breadth was positive with 543 gainers as compared to 270 losers.
The KLCI ended its two-day losing streak to close higher at 1852 points, following the encouraging over nigh performance in Wall Street, with S&P 500 clocking a fresh intraday record on the back of a positive US manufacturing data. Back in the local front, Sapura Kencana was the eye-catching performer by chalking up a gain of 2.6% as the counter was boosted by the news that the Group winning a drilling contracts worth US$454m.
As of 2 April 2014 Unit: M.Baht
Type Buy Sell Net
Institution 6,655.06 2,895.01 3,760.05
Proprietary 4,948.26 3,972.84 975.42
Foreign 8,701.63 8,817.25 -115.61
Individual 15,887.87 20,507.73 -4,619.85
Total Trading Value 36,192.83 M.Baht
Vietnam index falls near 4-wk low on strong sale
Vietnam's benchmark VN Index dipped 0.37 percent to close at the lowest level in nearly a month as investors extended selling to the third day.
The index ended at 581.67 points on Wednesday, the lowest since March 7, having fallen around 4 percent since the beginning of last week, Reuters data showed.
Almost two thirds of shares fell, based on Reuters data, partly due to offloading from investors who wanted to reduce borrowing on margin, said deputy manager Nguyen Hoai Nam at Maybank Kim Eng Securities.
"Investors who traded stocks on margin fear multiple losses as stocks fell," he said, referring to trading in stocks using funds borrowed from brokerage firms.
Food producer Masan Group led the losses, with shares dropping 2.11 percent, followed by technology firm FPT Corp that decreased 1.45 percent.
The next support level is at around 565 points, where stocks prices could become attractive to investors, analysts said.
Here is a snapshot of the VN Index at the close
VN Index 581.67
PREV. CLOSE 583.85
% CHANGE -0.37%
SE Asia Stocks-Philippine outperforms amid inflows
Philippine shares scaled their five-month peaks on Wednesday after gains in large caps and foreign fund inflows while shares in political crisis-hit
Thailand eked out further gains to a near 1,400 mark helped by selective buying in banking stocks.
The Philippine main index <.PSI> closed up 1.1 percent at 6,587.72, the highest since Oct. 30. Shares of Megaworld Corp , Ayala Corp and Univeral Robina Corp
were top three percentage gainers on the benchmark.
The exchange posted net inflows for a sixth consecutive session, with foreign investors buying a net 1.4 billion pesos ($31.26 million).
The rally came ahead of March inflation data due out on Friday, which analysts said the annual inflation may have quickened slightly in the month and the central bank is expected
to take further policy tightening measures, perhaps as early as next month. ID:nL4N0MT2O1
Thai index rose 0.7 percent, taking its gain in four sessions since March 28 to 3.0 percent. Siam Commercial Bank and Kasikornbank were among the
outperformers in part due to hopes about their quarterly earnings results.
Brokers said technical indicators were supportive to the market but political risks remained, denting the growth prospect on the domestic economy and corporate earnings.
In Kuala Lumpur, investors bought battered plantation stocks such as PPB Group as palm oil futures rebounded from recent falls.
Stocks in Indonesia pared midsession gains while Singapore fell for the first time in six sessions amid selling in rallying telecoms firms Singapore Telecommunications
and Telkom Indonesia.
SOUTHEAST ASIAN STOCK MARKETS
Market Current Prev Close Pct Move
TR SE Asia Index* 413.65 412.46 +0.29
Singapore 3192.78 3198.52 -0.18
Kuala Lumpur 1852.00 1847.76 +0.23
Bangkok 1396.62 1387.48 +0.66
Jakarta 4870.21 4873.93 -0.08
Manila 6587.72 6514.72 +1.12
Ho Chi Minh 581.67 583.85 -0.37