ASEAN KEY DESTINATIONS
03 April 2014
The Straits Times Index (STI) ended +27.28 points higher or +0.85% to 3217.59, taking the year-to-date performance to +1.74%.
The FTSE ST Mid Cap Index gained +0.75% while the FTSE ST Small Cap Index gained +0.23%. The top active stocks were Noble Group (+4.78%), DBS (+0.61%), UOB (+0.46%), SingTel (+0.82%) and OCBC Bank (+0.63%).
The outperforming sectors today were represented by the FTSE ST Real Estate Holding and Development Index (+1.88%). The two biggest stocks of the FTSE ST Real Estate Holding and Development Index are Hongkong Land Holdings (+3.45%) and Global Logistic Properties (+1.54%). The underperforming sector was the FTSE ST Utilities Index, which declined -0.84% with Hyflux’s share price gaining +1.61% and HanKore’s share price declining -2.26%. The FTSE ST Oil & Gas Index gained +0.23%. The FTSE ST Telecommunications Index gained +0.83%.
The three most active Exchange Traded Funds (ETFs) by value today were the IS MSCI India (+0.15%), SPDR Gold Shares (+0.28%), IShares USD Asia HY Bond ETF (+1.42%).
The three most active Real Estate Investment Trusts (REITs) by value were CapitaMall Trust (+1.82%), Suntec REIT (+0.60%), Keppel REIT (unchanged).
The most active index warrants by value today were HSI22200MBeCW140429 (+0.89%), HSI22200MBeCW140529 (+0.70%), HSI22600MBePW140429 (-5.00%).
The most active stock warrants by value today were DBS MB ePW140702 (-9.35%), UOB MB eCW140701 (+1.67%), UOB MB ePW140603 (-3.70%).
Singapore Stock Market
*ST Index 3,220.06 +27.28 3,192.78 -5.74
Volume: 2,207.5M 2,001.2M
Value: $1,449.9M $1,442.4M
Gainers/Losers: 261/189 210/220
Daily Market Commentary (Securities)
3 Apr 2014
The FBM KLCI index gained 3.63 points or 0.20% on Thursday. The Finance Index increased 0.67% to 16817.3 points, the Properties Index up 0.28% to 1383.84 points and the Plantation Index rose 0.27% to 8951.57 points. The market traded within a range of 7.82 points between an intra-day high of 1855.63 and a low of 1847.81 during the session.
Actively traded stocks include INGENCO, ASIAPAC, XDL, KNM-WA, INSAS, TENAGA, SONA-WA, TIGER, SALCON and SONA. Trading volume decreased to 2124.54 mil shares worth RM2808.22 mil as compared to Wednesday’s 2347.37 mil shares worth RM2636.40 mil.
Leading Movers were PBBANK (+52 sen to RM20.00), PETGAS (+46 sen to RM24.88), SKPETRO (+9 sen to RM4.77), CIMB (+4 sen to RM7.25) and IOICORP (+5 sen to RM4.80). Lagging Movers were TENAGA (-44 sen to RM11.30), UMW (-20 sen to RM11.00), GENTING (-5 sen to RM9.89), AXIATA (-2 sen to RM6.71) and PETDAG (-32 sen to RM30.44). Market breadth was positive with 420 gainers as compared to 415 losers.
The KLCI swung between positive and negative territories before closing higher at 1855.63 points, with the strong gains in Public Bank and Astro managed to lift the KLCI in spite of the sharp decline of Tenaga following the rating downgrade by Morgan Stanley.
Date As of: 03 April 2014
Description Volume Value Frequency
ETF 52,100 23,732,900 197
Stock 4,929,541,935 5,853,734,266,800 232,632
Warrant 28,164,400 2,246,224,400 832
Total 4,957,758,435 5,856,004,224,100 233,661
Thai bourse announces candidates for "SET Awards 2014"
BANGKOK, April 3, 2014 - The Stock Exchange of Thailand (SET) announces 485 listed companies, categorized to the seven awards, which are qualified to compete for "SET Awards 2014," to be held for the eleventh consecutive year in November. The award underlines SET's commitment to improve quality of listed companies to be aligned with other leading capital markets.
SET President Charamporn Jotikasthira said that the awards have been initiated to help enhance quality and boost attractiveness of the Thai capital market as a whole. Three awards, which are Best Company Performance, Best Investor Relations, and Best Corporate Social Responsibility, would be divided into five groups by market capitalization sizes, and one more group for company winner on Market for Alternative Investment (mai). The classification has proved to be fair among large-, medium-, and small-sized companies to compete in their effectiveness.
"SET Awards have been set up to boost standard and effectiveness of listed companies, securities firms, asset management firms and entrepreneurs to grow with quality in line with the Thai capital market's growth. Selection criteria for winners will be getting tough every year, encouraging companies to reach further for higher standard in operations, as well as to enhance growth to be keeping up with leading capital markets," Charamporn added.
For this year, the working group has revised some criteria for Best Securities Company award by add online trading value growth as an factor for evaluation, rather than measuring entirely on market share. This reflects the change of business model scenario with more and more influence of internet in the securities business. This year, there will be market surveillance policy and ethics added in award judging criteria as well.
Santi Viriyarungsarit, Editor-in-Chief of Money & Banking magazine, the SET Awards co-host and one of the distinguished judges, said "The respected judges have always maintained the intensity level since the award was established more than a decade ago. The awards not only reflect the company's effectiveness, but also enhance image and reliability among business partners and investors. The judging committee will continue to organize SET Awards event in order to encourage society to realize the significance of the capital market to the Thai economy, strengthening it to grow with quality."
This year's awards are in seven categories, consisting of the Best CEO, Best Company Performance, Top Corporate Governance Report, Best Investor Relations, Best Corporate Social Responsibility, Best Securities Company, and Best Asset Management Company Awards. There are also SET Awards of Honor to be granted to persons or organizations who have won in their category continuously. TRIS Corporation Limited will conduct the evaluation under the direction of a panel of distinguished judges.
As of 3 April 2014 Unit: M.Baht
Type Buy Sell Net
Institution 4,461.03 3,153.52 1,307.51
Proprietary 3,809.13 3,349.17 459.96
Foreign 9,475.53 8,652.09 823.43
Individual 16,768.57 19,359.47 -2,590.90
Total Trading Value 34,514.26 M.Baht
Vietnam index closes up 1.3 pct, volume at 2-mth low
Vietnam's benchmark VN Index bounced back from recent strong falls to end up 1.34 percent on Thursday, driven by bargain buying while volume hit
the lowest in nearly two months on cautious sentiment, analysts said.
Investors picked up cheap stocks, analysts said, after the index had lost a combined 2 percent this week, Reuters data showed.
More than 70 percent of shares rose, led by PetroVietNam Gas , Vietnam's largest listed firm, with a 1.81-percent advance. Dairy product maker Vinamilk to close up 2.13 percent at 144,000 dong ($6.83) each, the highest in nearly two weeks, Reuters data showed.
"But investors were not sure if the index has reached the bottom of this downward trend yet, so they traded in cautious," said analyst Nguyen The Minh at Viet Capital Securities.
Volume dropped almost 30 percent from Wednesday to 106 million shares, the lowest since Feb. 6, Reuters data showed.
Here is a snapshot of the VN Index at the close
VN Index 589.44
PREV. CLOSE 581.67
% CHANGE 1.34%
SE Asia Stocks-Thai shares slip; others up ahead of ECB review
Thai shares slipped on Thursday as a fall in consumer confidence and concerns over a slowdown in the Thai economy hit banking and consumer shares, while most other share markets eked out gains ahead of the European Central Bank's policy decision.
Stocks in Thai benchmark SET index ended down 0.4 percent, trimming some of the gains over the past four sessions and pulling it off a more than four-month high hit on Wednesday.
Shares of Advanced Info Service and Siam Commercial Bank were among the biggest losers on top 50 large caps.
Foreign inflows have lifted laggard big caps and banking shares but the consumer confidence which hit the lowest in nearly 12.5 years in March due to prolonged political unrest kept investors on the defensive.
"Domestic political concerns may return to the fore over this weekend," said broker Phillip Securities as supporters of the government set April 5 for mass gatherings.
Thai government said on Thursday it fears a violent backlash if Prime Minister Yingluck Shinawatra is removed from power.
Singapore outperformed, with the benchmark Straits Times Index gaining 0.9 percent as shares of Noble Group extended gains after a stake sale of its agriculture division to COFCO.
Shares of the Philippines ended four sessions of gains amid domestic-led selling. Foreign investors bought shares for a seventh straight session, adding a net 1.1 billion peso ($24.5 million), data showed.
MSCI's broadest index of Asia-Pacific shares outside Japan and MSCI's world shares both were nearly flat, with focus on the ECB's policy meeting.
SOUTHEAST ASIAN STOCK MARKETS
Market Current Prev Close Pct Move
TR SE Asia Index* 414.11 413.65 +0.11
Singapore 3220.06 3192.78 +0.85
Kuala Lumpur 1855.63 1852.00 +0.20
Bangkok 1391.22 1396.62 -0.39
Jakarta 4891.32 4870.21 +0.43
Manila 6587.08 6587.72 -0.01
Ho Chi Minh 589.44 581.67 +1.34
Asia shares rise on China stimulus, US hiring
Asian shares were mostly higher Thursday, extending a global advance fueled by stimulus measures in China and evidence of stronger U.S. hiring.
Tokyo's Nikkei 225 stock index rose 0.8 percent to 15,071.88, helped by the weaker yen and buying of automakers and machine manufacturers such as industrial robot maker Fanuc Corp.
Hong Kong shares rose on news that China plans new stimulus to help shore up slowing growth, drawing investors to railways and construction-related shares.
China's State Council, or cabinet, pledged to do more to support companies, expand consumer demand and create jobs. The moves include increased railway investments and an easing of controls on property dealings in some cities.
Hong Kong's Hang Seng rose 0.2 percent to 22,572.83 though Shanghai's Composite Index fell 1 percent to 2,039.06.
In mainland China, worries over tightening liquidity and a possible restart of initial public offerings are weighing on sentiment, especially for blue chip "A-shares," said Jackson Wong, a vice president at Tanrich Securities in Hong Kong.
"They haven't rolled anything out to boost A-shares. They're still worried about IPOs. They've got their own problems," Wong said.
South Korea's Kospi gave up early gains to edge 0.1 percent lower to 1,994.83 following the release of a central bank survey outlining banks' concerns over rising household debt risks.
Elsewhere in Asia, shares rose in Singapore, New Zealand, Australia, Indonesia, Malaysia and the Philippines, but fell in India and Taiwan.
On Wednesday, U.S. stocks gained for a fourth straight day after a report on hiring reinforced confidence the economy is emerging from a winter slump. The private survey that showed that U.S. companies increased hiring at a rapid pace last month after a strong manufacturing survey a day earlier.
The Dow Jones industrial average rose 40.39 points, or 0.2 percent, to 16,573 while the S&P 500 added 5.38 points, or 0.3 percent, to 1,890.90.
In currencies, the euro fell to $1.3761 from $1.3768 late Wednesday. The dollar rose to 103.90 yen from 103.87 yen.
Benchmark U.S. crude for May delivery was down 18 cents at $99.44 a barrel in electronic trading on the New York Mercantile Exchange. It closed Wednesday at $99.62, down 12 cents. (**)