ASEAN KEY DESTINATIONS
10 August 2016
The Straits Times Index (STI) ended 4.79 points or 0.17% higher to 2875.57, taking the year-to-date performance to -0.25%.
The top active stocks today were DBS, which declined 0.40%, Singtel, which gained closed unchanged, OCBC Bank, which declined 0.12%, UOB, which declined 0.06% and Ascendas REIT, which closed unchanged.
The FTSE ST Mid Cap Index gained 0.57%, while the FTSE ST Small Cap Index rose 0.19%.
The outperforming sectors today were represented by the FTSE ST Technology Index, which rose 2.09%. The two biggest stocks of the Index - Silverlake Axis and CSE Global- ended 2.61% higher and 2.20% higher respectively.
The underperforming sector was the FTSE ST Oil & Gas Index, which slipped 0.54%. Keppel Corp shares and Sembcorp Industries remained unchanged.
The three most active Exchange Traded Funds (ETFs) by value today were:
DBXT MSCI Thailand TRN ETF (+1.59%)
SPDR Gold Shares (+1.61%)
STI ETF (+0.35%)
The three most active Real Estate Investment Trusts (REITs) by value were:
Ascendas REIT (unchanged)
CapitaLand Mall Trust (-0.91%)
CapitaLand Commercial Trust (+0.64%)
The most active index warrants by value today were:
The most active stock warrants by value today were:
DBS MB eCW170201 (unchanged)
UOB VT eCW161212 (-7.27%)
DBS VT eCW161212 (-8.62%)
Singapore Stock Market
*ST Index 2,875.57 +4.79 2,870.78 +42.61
Volume: 886M 937.6M
Value: $1,229.7M $1,036.7M
Gainers/Losers: 202/203 226/186
Daily Market Commentary (Securities)
10 August 2016
The FBM KLCI index gained 1.32 points or 0.08% on Wednesday. The Finance Index fell 0.06% to 14326.37 points, the Properties Index up 0.29% to 1178.13 points and the Plantation Index down 0.18% to 7637.65 points. The market traded within a range of 7.05 points between an intra-day high of 1673.56 and a low of 1666.51 during the session.
Actively traded stocks include THHEAVY, DNEX-WD, HSSEB, APFT, DNEX, POS-CV, PDZ, HUBLINE, MBSB and DRBHCOMC21. Trading volume increased to 2370.43 mil shares worth RM1756.04 mil as compared to Tuesday’s 2098.16 mil shares worth RM1833.11 mil.
Leading Movers were HLFG (+48 sen to RM15.88), BAT (+114 sen to RM51.40), ASTRO (+5 sen to RM2.97), MAXIS (+10 sen to RM6.34) and SIME (+11 sen to RM7.94). Lagging Movers were KLCC (-10 sen to RM7.60), RHBBANK (-5 sen to RM4.95), GENM (-4 sen to RM4.36), PPB (-12 sen to RM15.98) and TENAGA (-10 sen to RM14.52). Market breadth was positive with 436 gainers as compared to 358 losers.
The KLCI extended its mid day gains by ending higher at 1673.03 points amid overnight gains in Wall Street. The performance of our benchmark index was underpinned by gains in Astro and Maxis.
Description Volume Value Frequency
ETF 11,800 6,580,600 08
Stock 10,820,721,420 10,021,051,188,482 331,341
Warrant 22,253,200 2,341,992,500 922
Total 10,842,986,420 10,023,399,761,582 332,271
As of 10 Aug 2016 Unit: M.Baht
Type Buy Sell Net
Institution 5,877.75 7,512.21 -1,634.47
Proprietary 8,175.11 7,859.54 315.56
Foreign 17,065.51 13,569.78 3,495.74
Individual 36,624.22 38,801.06 -2,176.84
Total Trading Value 67,742.59 M.Baht
SE Asia Stocks-Cautious on subdued risk sentiment; Vietnam up
Southeast Asian stock markets were cautious on Wednesday on subdued risk sentiment, as Chinese policymakers appeared to have disparate opinions regarding their monetary policy, while fading optimism regarding oil also added to the negative sentiment.
Last week, a research office at China's top economic planner called for the central bank to cut interest rates and bank reserve requirements, but later removed the remarks in an updated statement posted on its website.
Investors have been closely watching the country's bureaucracy for signs of policy dissent since May, when the People's Daily quoted an "authoritative person" warning of a financial crisis if the government relied too much on debt-fuelled stimulus to spur the economy.
"Risk sentiments are not particularly strong. Further, China data is expected to be on the softer side and there isn't much of a policy relief story going on in China," said Vishnu Varathan, a senior economist with Mizuho Bank. "PBOC (People's Bank of China) is quite coy to put in extra stimulus."
China's industrial output, retail sales and urban investment figures for July will be announced on Friday.
Meanwhile, global oil prices dropped on improved prospects for U.S. output and a glut in refined products.
"Oil prices are struggling to find traction. Markets are not going to chase commodity stocks in the near term," Varathan said.
Vietnam .VNI outperformed other markets in the region with a gain of 1.7 percent, led by financials.
"Gains in Vingroup and Hoa Phat created positive sentiment.
Money flowed mostly into blue chips, which in the short term could continue attracting more inflows," said Nguyen The Minh,
associate director at Saigon Securities Inc.
Singapore shares .STI gained 0.2 percent, driven by financials and industrials, ahead of the release of GDP data on Thursday.
Indonesian shares .JKSE edged lower, dragged down by financials and telecommunication services, while Philippine stocks .PSI closed relatively flat, shrugging off a drop in June exports.
SOUTHEAST ASIAN STOCK MARKETS
Market Current previous close Pct Move
Singapore 2875.57 2870.78 0.17
Bangkok 1549.61 1548.21 0.09
Manila 8051.4 8055.06 -0.05
Jakarta 5423.949 5440.293 -0.30
Kuala Lumpur 1673.03 1671.71 0.08
Ho Chi Minh 648.33 637.34 1.72
Indonesia to launch 13th economic package this month
Coordinating Economic Minister Darmin Nasution said on Wednesday that the government would release its 13th economic policy package in August, adding that the draft had been completed.
Darmin said the 13th package was largely an extension of the previous one, but would expand its focus beyond industry. The 12th package focused on small and medium enterprises.
"We are just waiting to schedule a meeting with the president," Darmin told reporters at his office. He refused to give the exact date the new policy package would come into effect.
The ministry team must meet with President Joko "Jokowi" Widodo one more time to finalize the details, Darmin said.