ASEAN KEY DESTINATIONS
04 April 2014
The Straits Times Index (STI) ended -7.34 points lower or -0.23% to 3212.72, taking the year-to-date performance to +1.51%.
The FTSE ST Mid Cap Index gained +0.31% while the FTSE ST Small Cap Index gained +0.29%. The top active stocks were UOB (-0.64%), SingTel (-0.55%), DBS (+0.24%), Noble Group (-2.66%) and OCBC Bank (+0.52%).
The outperforming sectors today were represented by the FTSE ST Basic Materials Index (+2.28%). The two biggest stocks of the FTSE ST Basic Materials Index are Midas Holdings (+2.20%) and SunVic Chemical (+9.24%). The underperforming sector was the FTSE ST Health Care Index, which declined -0.87% with Raffles Medical Group’s share price declining -1.19% and Biosensors International Group’s share price declining -1.08%. The FTSE ST Oil & Gas Index gained +0.34%. The FTSE ST Telecommunications Index declined -0.51%.
The three most active Exchange Traded Funds (ETFs) by value today were the IS MSCI India (-0.77%), SPDR Straits Times Index ETF (-0.31%), DBS Singapore STI ETF (-0.91%).
The three most active Real Estate Investment Trusts (REITs) by value were Suntec REIT (+1.19%), CapitaCommercial Trust (+2.68%), Ascendas REIT (unchanged).
The most active index warrants by value today were HSI22200MBeCW140429 (-4.43%), HSI22600MBePW140429 (+1.05%), HSI22200MBeCW140529 (-4.20%).
The most active stock warrants by value today were DBS MB ePW140702 (unchanged), KepCorp MBeCW140701 (+4.29%), KepCorp MBeCW140603 (+0.87%).
Singapore Stock Market
*ST Index 3,212.72 -7.34 3,220.06 +27.28
Volume: 1,924.7M 2,207.5M
Value: $1,026.4M $1,449.8M
Gainers/Losers: 235/214 261/189
Daily Market Commentary (Securities)
4 Apr 2014
The FBM KLCI index gained 0.98 points or 0.05% on Friday. The Finance Index increased 1.30% to 17036.02 points, the Properties Index up 0.39% to 1389.23 points and the Plantation Index down 0.87% to 8873.78 points. The market traded within a range of 12.82 points between an intra-day high of 1869.09 and a low of 1856.27 during the session.
Actively traded stocks include KNM-WA, KNM, INGENCO, DSONIC-CA, PDZ, DESTINI-WA, DSONIC, TENAGA, CIMB and HUBLINE. Trading volume decreased to 2058.38 mil shares worth RM2831.71 mil as compared to Thursday’s 2124.54 mil shares worth RM2808.22 mil.
Leading Movers were PBBANK (+80 sen to RM20.80), CIMB (+17 sen to RM7.42), MAYBANK (+8 sen to RM9.76), TENAGA (+4 sen to RM11.34) and AXIATA (+2 sen to RM6.73). Lagging Movers were PETGAS (-80 sen to RM24.08), SKPETRO (-12 sen to RM4.65), GENTING (-18 sen to RM9.71), DIGI (-10 sen to RM5.23) and PETCHEM (-10 sen to RM6.79). Market breadth was negative with 418 gainers as compared to 431 losers.
The KLCI extended its gain to finish marginally higher at 1856.61 points in the last trading day of the week. Public Bank, again was the star performer of the day by lifting the index to a
Date As of: 04 April 2014
Description Volume Value Frequency
ETF 16,100 8,152,000 13
Stock 6,068,207,524 5,417,178,124,987 173,901
Warrant 30,787,400 1,664,761,200 652
Total 6,099,011,024 5,418,851,038,187 174,566
ASEAN Exchanges develop unique post trade solution and appoint Deutsche Bank for custody and settlement services
Bali, 04 April 2014
The 20th ASEAN Exchanges CEOs meeting held here today concluded with a milestone agreement regarding custody and settlement services on the ASEAN Trading Link.
In the pursuit to develop an integrated ASEAN capital market, ASEAN Exchanges have appointed Deutsche Bank for custody and settlement services. This will mark yet another key milestone since the rollout of the ASEAN Trading Link in September 2012.
Ito Warsito, Chief Executive Officer, Indonesia Stock Exchange said, "ASEAN Exchanges have made significant progress in meeting several key milestones in our effort to promote the integration of the ASEAN capital market."
"We are focused on delivering on our four implementation pillars which are: driving cross border collaboration; streamlining access to ASEAN; creating ASEAN centric products and implementing targeted promotional initiatives. We are delighted to note that the promotion of ASEAN as one asset class has also taken a life of its own with a number of broker led initiatives, a continuation from our Invest ASEAN events", continued Mr. Ito.
Tajuddin Atan, Chief Executive Officer, Bursa Malaysia said the appointment of a custody and settlement services provider is an important development. "We can now provide streamlined and cost-effective post-trade procedures for cross-border transactions conducted via the ASEAN Trading Link."
The ASEAN Exchanges will nevertheless continue to improve the post trade services. Since the launch of ASEAN Exchanges in Bali in April 2011, a number of key initiatives have been rolled out. Some of these include the ASEAN Trading Link, the ASEAN Stars and the Invest ASEAN retail roadshow. Collectively, these initiatives have created significant awareness of ASEAN as an attractive location for retail and institutional investors.
The seven ASEAN Exchanges have a combined market capitalisation of approximately USD2.90 trillion and more than 3,600 companies listed on their exchanges. These companies include some of the largest and most dynamic companies in the world, encompassing various sectors such as banking and finance, energy, telecommunications, commodities and manufacturing.
As of 4 April 2014 Unit: M.Baht
Type Buy Sell Net
Institution 4,588.91 4,240.69 348.21
Proprietary 3,500.94 3,295.15 205.80
Foreign 9,173.64 9,634.77 -461.13
Individual 13,967.52 14,060.40 -92.88
Total Trading Value 31,231.01 M.Baht
Vietnam index rises 0.6 pct on strong foreign buying
Vietnam's benchmark VN Index closed up 0.61 percent on Friday, the second rise in a row, erasing nearly all losses earlier in the week thanks to strong buying from foreigners, analysts said.
Foreigners were net buyers on Friday, having bought 1.5 trillion dong ($71.1 million) worth of stocks, a surge from a combined net purchase value of 161 billion over the previous three sessions, the exchange's data showed.
"Investors seemed more optimistic, especially towards the end of the trading day after the index surpassed its 590-point resistance level," said analyst Nguyen Hoang Phuong at Ho Chi Minh City Securities.
Steel producer Hoa Phat led the gains, with shares closing up 5.71 percent at 55,500 dong, a record high.
PetroVietNam Gas, Vietnam's largest listed firm, advanced 2.37 percent.
The index has gained nearly 2 percent in the last two sessions, ending up at 593.04 points on Friday, near its close last week of 594.29 points, Reuters data showed.
Stocks are likely to gain further, given foreign investors would step up buying, analysts said.
Here is a snapshot of the VN Index at the close
VN Index 593.04
PREV. CLOSE 589.44
% CHANGE 0.61%
SE Asia Stocks-Down in strong week; Thailand flat ahead of holiday
Most Southeast Asian stock markets were flat-to-weaker on Friday as investors cashed in on rallying markets such as Indonesia and the Philippines ahead of U.S. jobs data, while Thai shares pared gains amid fears about political tension during a long weekend.
Indonesia was an underperformer after a bout of profit-taking in financials and large caps while the market's high valuation was also a concern.
Jakarta's Composite Index ended down 0.7 percent at a one-week low. Shares of Bank Mandiri lost 1.7 percent after a nearly 9 percent rally this week when foreign inflows gave a boost to the market.
The benchmark was up 1.9 percent on the week, taking its year-to-date gain to 13.7 percent in local currency term, among Asia's outperformers.
A Bank Indonesia survey showed Indonesia's consumers were more optimistic in March, bolstered by expectations that the economy will improve in the next six months.
The Philippine index fell 0.4 percent. It jumped 3.2 percent on the week, Southeast Asia's best performer. Foreign investors were net buyers for an eighth session, purchasing a net 442 million peso ($9.8 million) worth of stocks, data showed.
Thai SET index closed nearly flat on the day, up almost 2 percent on the week. Thai baht underperformed in Asia on rising political tension. Thai market will be shut on Monday for a public holiday, reopening on Tuesday.
Hundreds of thousands of Thai government supporters are expected to descend on Bangkok this weekend in a symbolic show of force after months of sometimes violent protests aimed at bringing down Prime Minister Yingluck Shinawatra.
The region was broadly rangebound on the day as global market investors took to the sidelines ahead of monthly U.S. employment data, seen as a key variable on the direction of the Federal Reserve's policy.
SOUTHEAST ASIAN STOCK MARKETS
Market Current Prev Close Pct Move
TR SE Asia Index* 413.81 414.08 -0.06
Singapore 3212.72 3220.06 -0.23
Kuala Lumpur 1856.61 1855.63 +0.05
Bangkok 1392.01 1391.22 +0.06
Jakarta 4857.94 4891.32 -0.68
Manila 6561.20 6587.08 -0.39
Ho Chi Minh 593.04 589.44 +0.61