ASEAN KEY DESTINATIONS
The Straits Times Index (STI) ended +10.5 points higher or +0.33% to 3204.09, taking the year-to-date performance to +1.24%.
The FTSE ST Mid Cap Index gained +0.30% while the FTSE ST Small Cap Index gained +0.54%. The top active stocks were Noble Group (+4.92%), Global Logistic Properties (-2.29%), SingTel (+1.11%), DBS (+0.06%) and UOB (+1.44%).
The outperforming sectors today were represented by the FTSE ST Telecommunications Index (+0.96%). The two biggest stocks of the FTSE ST Telecommunications Index are SingTel (+1.11%) and StarHub (-0.24%). The underperforming sector was the FTSE ST Real Estate Holding and Development Index, which declined -0.28% with Hongkong Land Holdings’ share price declining -0.31% and Global Logistic Properties’ share price declining -2.29%. The FTSE ST Oil & Gas Index gained +0.58%.
The three most active Exchange Traded Funds (ETFs) by value today were the IS MSCI India (+0.77%), Lyxor Asia (+2.28%), SPDR Gold Shares (+0.85%).
The three most active Real Estate Investment Trusts (REITs) by value were Suntec REIT (-0.29%), CapitaMall Trust (unchanged), Ascendas REIT (unchanged).
The most active index warrants by value today were HSI22200MBeCW140429 (+25.56%), HSI21800MBePW140529 (-17.35%), HSI21800MBePW140429 (-31.82%).
The most active stock warrants by value today were KepCorp MBeCW140701 (+7.25%), UOB MB eCW140701 (+5.20%), DBS MB eCW140604 (+4.94%).
Singapore Stock Market
*ST Index 3,204.09 +10.5 3,193.59 -19.13
Volume: 1,978.9M 1,694.9M
Value: $1,101.6M $952.8M
Gainers/Losers: 260/164 126/317
Daily Market Commentary (Securities)
8 Apr 2014
The FBM KLCI index lost 10.59 points or 0.57% on Tuesday. The Finance Index fell 0.70% to 16882.8 points, the Properties Index dropped 0.23% to 1390.57 points and the Plantation Index rose 0.02% to 8934.65 points. The market traded within a range of 9.82 points between an intra-day high of 1861.19 and a low of 1851.37 during the session.
Actively traded stocks include SYMPHNY, ASIAPAC, KNM-WA, INFOTEC, INGENCO, TALAMT, MPAY-WA, TIGER, MPAY and MAS. Trading volume decreased to 1894.88 mil shares worth RM2087.55 mil as compared to Monday’s 2122.77 mil shares worth RM2268.09 mil.
Leading Movers were TENAGA (+12 sen to RM11.80), IOICORP (+4 sen to RM4.84), RHBCAP (+6 sen to RM8.43), UMW (+6 sen to RM11.20) and PPB (+0 sen to RM16.34). Lagging Movers were PBBANK (-38 sen to RM19.90), DIGI (-9 sen to RM5.26), CIMB (-6 sen to RM7.44), AXIATA (-6 sen to RM6.63) and SKPETRO (-8 sen to RM4.50). Market breadth was negative with 389 gainers as compared to 424 losers.
The KLCI dropped by 10.59 points to 1852.31, dragged down by selling pressure in Public Bank for a second conservative day following last week’s record high. The performance of our benchmark index was in line with overnight losses in Wall Street.
Date As of: 08 April 2014
Description Volume Value Frequency
ETF 7,400 3,620,300 22
Stock 7,654,463,549 8,672,839,937,704 232,799
Right 19,021,553 187,721,324 561
Warrant 17,856,630 1,570,240,350 551
Total 7,691,349,132 8,674,601,519,67 8 233,933
Thai bourse lists Siri Prime Office property fund on April 9
BANGKOK, April 8, 2014 – The Stock Exchange of Thailand (SET) will list Siri Prime Office Property Fund, managed by SCB Asset Management Co., Ltd., worth THB 1.7 billion (approx. USD 52.4 million), on its main board on April 9, under the ticker “SIRIP”.
Chanitr Charnchainarong, SET executive vice president, said that SIRIP would list and start trading on the Thai bourse’s Property Fund & REITs sector. The fund sold 170 million units via an initial public offering (IPO) at THB 10 per unit, with total value of THB 1.7 billion during March 20-26.
SIRIP is a closed-end specific property fund with no maturity. It invests in freehold of Siripinyo office building, including infrastructure, utilities system, and other project-relevant assets. The fund was previously owned by Papanan Co., Ltd. And Plus Property Co., Ltd. is property manager. Both companies are 99.99 percent owned by Sansiri pcl. The strengths of Siripinyo project are its downtown prime location, next to mass transit BTS skytrain and Airport Rail Link, combined with experienced asset manager Plus Property Co., Ltd. which manages many leading projects from both private and public sectors for more than 15 years.
Methee Vinichbutr, SCB Asset Management’s executive vice president, property and infrastructure fund group, said "After the fund has invested in Siripinyo office building, Sansiri and its related companies agree to rent 11,813 square metres of Siripinyo’s rental area, or 64.33 percent of the total rental area, for three years. The fund is also guaranteed by Sansiri to keep operating profits from Siripinyo at no less than THB 114.2 million for 12 months from the starting date of the fund investment. This will help secure confidence to unit holders.”
SIRIP’s dividend policy is to pay no less than twice a year at 90 percent of annual net profit of its financial year. The fund's top three unit holders after its IPOs are Chutimavoraphand family (48.97 percent), Social Security Office (26.47 percent) and Krungthai-AXA Life Insurance pcl (5.88 percent).
As of 8 April 2014 Unit: M.Baht
Type Buy Sell Net
Institution 1,629.35 4,028.12 -2,398.77
Proprietary 3,111.73 3,285.03 -173.30
Foreign 9,979.22 8,618.04 1,361.18
Individual 13,610.54 12,399.65 1,210.89
Total Trading Value 28,330.84 M.Ba
Vietnam index hits 2-week high, PetroVietNam Gas leads
Vietnam index rose for a fourth consecutive session on Tuesday to close at a more than two-week high, led by gains in the country's largest listed firm
Vietnam's benchmark VN Index edged up 0.45 percent to close at 603.25, the highest level since March 25.
PetroVietNam's shares rose 3.35 percent, extending Monday's 3.47 percent gain, to close at a record high of 92,500 dong.
PetroVietNam posted a strong first-quarter result on Friday and a local media also reported talks about a possible dividend hike for 2013.
The market has been driven by gains in some blue chips, but money inflow into the Ho Chi Minh Stock Exchange has not been really solid, said analyst Phan Dung Khanh at Maybank Kim Eng Securities.
Market volume at medium low level over the past weeks with gains in sectors rather than a widespread scale might prevent the index to surpass its strong resistance level around 610, analysts said.
Vietnam's financial markets will be closed on Wednesday for a public holiday.
Here is a snapshot of the VN Index at the close
VN Index 603.25
PREV. CLOSE 600.57
% CHANGE 0.45%
SE Asia Stocks-Mixed; Indonesia steady at 10-month high, sees inflows ahead of polls
Indonesian shares ended steady at 10-month closing highs on Tuesday ahead of parliament polls, while other Southeast Asian markets were range bound as
investors awaited directions from global economic front.
Jakarta Composite Index ended 0.01 percent as gains in financial shares were offset by losses in consumer-related stocks.
During the market hours, Indonesia's central bank left its key reference rate unchanged, as widely expected, with pressure easing from both the current-account deficit and rupiah.
"There's no surprise from macro view and thin market turnover ahead of legislative election tomorrow," John Teja, director of Jakarta-based broker Ciptadana Securities.
Jakarta market will be closed on Wednesday as millions of Indonesians will vote to elect a new parliament and a president three months later in a race that could bring major changes to
the way the world's third-largest democracy is run.
Many investors hope that an expected victory of the main opposition Indonesian Democratic Party-Struggle (PDI-P), which has consistently topped opinion polls, will attract more foreign
money into Southeast Asia's biggest economy.
The market has risen more than 15 percent so far this year.
Investors hope opposition candidate Joko Widodo - the favourite to win July's presidential poll - will restart stalled reforms, making the world's fourth-most-populous nation a strong
contender for more investment.
Shares of Indonesian building materials maker PT Wijaya Karya Beton (WIKA Beton) <WTON.JK> rose as much as 50 percent in their trading debut on Tuesday, signalling strong appetite for
infrastructure-related stocks. It closed 28.8 percent higher than the debut price.
Jakarta enjoyed a net foreign inflow of $189.23 million, while Manila witnessed a net foreign buying of $16.06 million.
Thailand's SET index ended down 0.9 percent at its lowest since March 31, Malaysian stock index lost 0.6 percent from the previous session's more than three-month
closing high, and Philippine shares shed 0.4 percent to fall from an over five-month high hit in the previous session.
Singapore bucked the trend and closed 0.3 percent firmer after falling for two sessions and Vietnam's benchmark VN Index <.VNI> ended 0.5 percent up at a two-week high, led by
gains in the country's largest listed firm PetroVietNam Gas .
SOUTHEAST ASIAN STOCK MARKETS
Market Current Prev Close Pct Move
TR SE Asia Index* 417.66 415.60 +0.50
Singapore 3204.09 3293.59 +0.33
Kuala Lumpur 1852.31 1862.90 -0.57
Bangkok 1379.34 1392.01 -0.91
Jakarta 4921.40 4921.04 +0.01
Manila 6587.49 6614.40 -0.41
Ho Chi Minh 603.25 600.57 +0.45
Asian stocks mixed after tech tumble; Japan falls
Asian stock markets were mixed Tuesday after Japan's central bank refrained from expanding its stimulus and declines in tech stocks weighed on prices.
Oil gained 50 cents but stayed below $101 per barrel amid reports supplies from Libya might soon expand.
China's benchmark Shanghai Composite Index added 1.3 percent to 2,086.39 and Hong Kong's Hang Seng gained 0.9 percent to 22,574.30. Taiwan and Seoul gained.
The regional heavyweight, Tokyo's Nikkei 225, shed 1 percent to 14,665.53 after Japan's central bank refrained from expanding its ultra-loose monetary policy. That was despite a sales tax hike from 5 percent to 8 percent that markets worry might stall growth in consumer spending.
Overnight, U.S. markets tumbled on concern technology and consumer-oriented stocks were overvalued.
"The growing roar of the bears was easy to see," said strategist Evan Lucas of IG markets in a report. "The pullback in the U.S. high-growth spaces of technology, consumer discretionary and social media is completely understandable."
Seoul's Kospi added 0.2 percent to 1,993.49 and Taiwan's Taiex gained 0.1 percent to 8,880.70. Markets in Southeast Asia were mostly lower.
Sydney's S&P/ASX 200 was off 0.2 percent at 5,403.2 and New Zealand shed 1 percent to 5,361.42.
The Standard & Poor's 500 fell 20 points, or 1.1 percent, to close at 1,845 Monday. It was the third straight down day for the index, its longest losing span since late January. The Dow Jones industrial average dropped 166 points, or 1 percent, to 16,245. The Nasdaq slipped 47 points, or 1.2 percent, to 4,079.
Investors were looking ahead to the release of minutes Wednesday from the U.S. Federal Reserve's policy setting committee.
In currency markets, the euro was steady at $1.3744. The dollar fell to 102.95 yen from 103.09 yen late Monday.
Benchmark crude for May delivery gained 50 cents to $100.94. On Monday, the contract tumbled 70 cents to close at $100.44 on reports four Libyan oil terminals under militia control could soon open and possibly boost global supplies.