ASEAN KEY DESTINATIONS
13 August 2014
The Straits Times Index (STI) ended -1.98 points lower or -0.06% to 3301.41, taking the year-to-date performance to +4.31%.
The FTSE ST Mid Cap Index gained +0.04% while the FTSE ST Small Cap Index gained +0.38%. The top active stocks were DBS (-1.44%), SingTel (-0.26%), Keppel Corp (+0.28%), CapitaLand (+0.90%) and UOB (+0.62%).
The outperforming sectors today were represented by the FTSE ST Utilities Index (+1.08%). The two biggest stocks of the FTSE ST Utilities Index are United Envirotech (+0.73%) and Hyflux (+0.87%). The underperforming sector was the FTSE ST Basic Materials Index, which declined -0.98% with Midas Holdings’ share price declining -1.19% and Geo Energy Resources’ share price declining -1.89%. The FTSE ST Consumer Services Index declined -0.37%. The FTSE ST Real Estate Index gained +0.34%.
The three most active Exchange Traded Funds (ETFs) by value today were the IS MSCI India (+0.14%), SPDR Gold Shares (-0.19%), DBS Singapore STI ETF (+0.60%).
The three most active Real Estate Investment Trusts (REITs) by value were Mapletree Greater China Commercial Trust (unchanged), CapitaMall Trust (+0.25%), CapitaCommercial Trust (+0.31%).
The most active index warrants by value today were HSI24400MBeCW140828 (+26.8%), HSI24000MBePW140929 (-18.42%), HSI24800MBeCW140929 (+14.91%).
The most active stock warrants by value today were DBS MB eCW150106 (unchanged), KepCorp MBeCW141201 (+4.55%), UOB MB eCW141201 (+7.48%).
Singapore Stock Market
*ST Index 3,301.41 -1.98 3,303.39 -3.06
Volume: 1,663.6M 1,576.2M
Value: $858.7M $802.4M
Gainers/Losers: 227/192 239/213
Daily Market Commentary (Securities)
13 Aug 2014
The FBM KLCI index gained 7.65 points or 0.41% on Wednesday. The Finance Index increased 0.07% to 17183.17 points, the Properties Index up 0.50% to 1507.46 points and the Plantation Index rose 0.34% to 8944.78 points. The market traded within a range of 8.20 points between an intra-day high of 1858.04 and a low of 1849.84 during the session.
Actively traded stocks include PDZ, SUMATEC, FRONTKN, MAS, FRONTKN-WC, DAYA, NEXGRAM-WA, EAH, HUBLINE and SANICHI. Trading volume increased to 3605.29 mil shares worth RM2677.55 mil as compared to Tuesday’s 3012.06 mil shares worth RM2212.09 mil.
Leading Movers were PPB (+54 sen to RM15.24), PETGAS (+56 sen to RM22.26), FGV (+9 sen to RM4.06), MISC (+14 sen to RM6.73) and GENM (+7 sen to RM4.37). Lagging Movers were SKPETRO (-5 sen to RM4.19), DIGI (-4 sen to RM5.62), HLFG (-6 sen to RM17.04) and AXIATA (-2 sen to RM6.95). Market breadth was positive with 544 gainers as compared to 313 losers.
The KLCI extended its gains for three conservative days by ending 7.65 points higher at 1858.04, despite the overnight losses in Wall Street due to concerns on the Russia-Ukraine crisis. The gains in our benchmark index were supported by buying in heavyweight counters, led by PPB Group and Petronas Gas.
Date As of: 13 August 2014
Description Volume Value Frequency
ETF 4,600 3,401,800 41
Stock 5,303,945,431 5,291,211,018,681 235,972
Right 14,505,900 39,008,100 37
Warrant 27,124,950 2,192,971,500 1,090
Total 5,345,580,881 5,293,446,400,081 237,140
Thai bourse continues to promote online trading “Click2Win” via universities
BANGKOK, August 13, 2014 – The Stock Exchange of Thailand (SET) joins hands with brokers to promote online trading to students in six leading universities, via Thailand Futures Exchange (TFEX), called “TFEX Click2Win Campus League 2014”. It aims to enhance understanding of online trading in the derivatives market and financial planning among the young generation, enabling them to apply the knowledge for real investment and further develop to be quality investors.
SET President Kesara Manchusree said, “This project is progressing to its second year, after successfully gaining 6,800 participants from 18 universities nationwide last year. The project aims to build integrated knowledge of financial and investment to new generation via online channel, especially investment in derivatives assets requiring advanced expertise. As such, this year’s project focuses on derivatives trading. It is also part of SET’s strategy to expand novice investor base by targeting university students likely to be interested in investment more and more. We expect that the event will build quality new investors in the future and investment experts in the capital market.”
“The young generation prefers to be self-employed, so being investor should be a choice for them. Online trading could be a good option for them as it is easy to search information via internet and could build investment opportunity easily. The TFEX Click2Win will enable university students to develop and practice skills and join the online trading competition from simulation trading on TFEX. Brokers will act as ‘campus coach’ to offer basic trading course, investment grounds and share experience, as well as giving advice from the beginning, including using Click2Win, to the advanced level by focusing on strategy and technique insights.”
Universities joining this year’s projects are Chulalongkorn University, Payap University, Prince of Songkla University (Surat Thani campus), Silpakorn University (Phetchaburi IT campus), University of the Thai Chamber of Commerce and Ubon Ratchathani University, while six brokers participated in this project are Maybank Kim Eng Securities (Thailand) pcl, Phillip Securities (Thailand) pcl, DBS Vickers Securities (Thailand) Co.,Ltd., CIMB Securities (Thailand) Co., Ltd., MTS Gold Futures Co.,Ltd., and SCB Securities Co., Ltd.
As of 13 August 2014 Unit: M.Baht
Type Buy Sell Net
Institution 6,699.23 4,084.92 2,614.31
Proprietary 5,063.64 4,429.02 634.62
Foreign 14,768.17 11,083.38 3,684.79
Individual 29,619.67 36,553.38 -6,933.72
Total Trading Value 56,150.71 M.Baht
Vietnam index ends up 0.2 pct, Kinh Do at 4-mth high
Vietnam's benchmark VN Index closed up 0.16 percent on Wednesday but strong gains in most blue chips were partially offset by losses in some big-caps.
Confectionery firm Kinh Do Corp jumped 6.72 percent to 63,500 dong ($3), the highest close since April 1, with volume at highest in almost five years, Reuters data showed.
"There has been market talk about Kinh Do's issuance of a large number of new shares at high price to raise money for its dividend payment," said a senior analyst in Ho Chi Minh City.
Investors have also expected Kinh Do's revenues to rise after the Ho Chi Minh City-based firm may have restructured production in the southern region, two analysts said.
Company officials could not immediately be reached for comment.
Shares of Vietcombank closed up 0.78 percent after the Hanoi-based lender reported a 12.6 percent rise in its first-half net profit. ID:nL4N0QJ2SI
But the index was kept from a strong rebound as PetroVietNam Gas , which accounts for a fifth of the market value, dropped 1.74 percent and food producer Masan Group fell 0.58 percent.
Here is a snapshot of the VN Index at the close
VN Index 602.76
PREV. CLOSE 601.78
% CHANGE 0.16%
SE Asia Stocks -Most up; Thai, Jakarta hit over 1-year high; foreigners buy
Thai and Indonesian stockmarkets rose to more than one-year closing highs on Wednesday, while most other Southeast Asian markets were slightly firmer amid caution among investors due to worries about global growth.
Thailand's main SET index ended 1.6 percent higher, its highest close since June 4 last year, while the Jakarta Composite Index rose 0.7 percent to its highest close since May 29, 2013.
Other markets were mostly sluggish as investors mostly stayed on the sidelines, with the crisis in Ukraine threatening a fragile economic recovery in Europe.
Brighter corporate results offset gloomy economic news from Asia with weak loans data on Chinese banks adding to worries about the health of the global economy.
The Malaysian index ended 0.4 percent firmer, with foreign investors buying a net $58.5 million in stocks. Jakarta saw inflows of $34.4 million on Wednesday.
"Foreign inflows were still strong in the second half, which halted the profit-taking in the morning session," said William Suryawijaya, an analyst with Indosurya Securities.
The current account deficit is still a concern, but with Indonesia's foreign reserves actually showing some increases, it indicates the macroeconomic condition is pretty stable, he said.
Investors in Jakarta's stock market have been expecting the index to fall on an expected worsening of the current account deficit in the second quarter and talks about cuts in fuel subsidy.
Bank Indonesia is expected to announce later this week that the country's current account deficit in April-June roughly doubled from the first quarter, but the central bank is not seen tightening policy any time soon.
Bucking the trend, Singapore fell 0.1 percent, a day after the city-state's economic data pointed that weakness in the services sector is set to weigh on growth in the second half of the year.
Vietnam's benchmark VN Index rebounded to end 0.2 percent firmer.
SOUTHEAST ASIAN STOCK MARKETS
Market Current Prev Close Pct Move
TR SE Asia Index* 441.80 438.51 +0.75
Singapore 3301.41 3303.39 -0.06
Kuala Lumpur 1858.04 1850.39` +0.41
Bangkok 1544.55 1520.31 +1.59
Jakarta 5168.27 5132.40 +0.70
Manila 6986.24 6983.49 +0.04
Ho Chi Minh 602.76 601.78 +0.16