ASEAN KEY DESTINATIONS
16 August 2013
The Straits Times Index (STI) ended 23.39 points lower or -0.73% to 3,197.53, taking the year-to-date performance to +0.96%.
The FTSE ST Mid Cap Index declined -0.49%, while the FTSE ST Small Cap Index posted a gain of +0.14%. The top active stocks were SoilbuildBiz Reit (closed down -8.3% from offer price), DBS (-0.70%), SingTel (-1.06%), Genting SP (+0.73%) and UOB (-0.74%).
The outperforming sectors today were represented by the FTSE ST Technology Index which gained +2.04%. The two biggest stocks of the FTSE ST Technology Index are LionGold Corporation (+2.84%) and STATS ChipPAC (-1.47%). The underperforming sector was the FTSE ST Consumer Goods Index, which declined -1.18% with Wilmar International and Thai Beverage posting declines of -0.64% and -2.75% respectively. The FTSE ST Industrials Index declined -0.49%, as with the FTSE ST Health Care Index with -0.12%.
The three most active Exchange Traded Funds (ETFs) by value today were SPDR Gold Shares (+1.62%), DBXT CSI300 ETF 10 (+0.28%) and IS MSCI India 100 (-5.18%).
The three most active Real Estate Investment Trusts (REITs) by value were SoilbuildBiz REIT (closed down -8.3% from offer price), Ascendasreit (-0.44%) and CapitaMall (-0.25%).
The most active index warrants by value today were HSI22200MBeCW130927 (+2.80%), HSI22000MBePW130927 (-1.10%) and HSI22400UBeCW130927 (-1.40%).
The most active stock warrants by value today were DBS MB eCW131203 (-6.49%), UOB MB eCW131001 (-9.09%) and OCBC Bk MBeCW131101 (-15.71%).
Singapore Stock Market
*ST Index 3,197.53 -23.39 3,220.92 -27.74
Volume: 3,299.6M 2,012.5M
Value: $1,415.5M $1,198.3M
Gainers/Losers: 188/251 175/246
Daily Market Commentary (Securities)
16 Aug 2013
The FBM KLCI index lost 3.97 points or 0.22% on Friday. The Finance Index fell 0.28% to 17045.81 points, the Properties Index up 0.04% to 1379.98 points and the Plantation Index down 0.33% to 8318.73 points. The market traded within a range of 4.50 points between an intra-day high of 1791.26 and a low of 1786.76 during the session.
Actively traded stocks include TMS, TMS-WA, SONA-WA, ASUPREM, FLONIC, INSTACO, MAS, CSL, CSL-WA and FLONIC-WA. Trading volume decreased to 2132.22 mil shares worth RM1617.58 mil as compared to Thursday’s 2415.19 mil shares worth RM2073.36 mil.
Leading Movers were HLBANK (+16 sen to RM14.36), HLFG (+10 sen to RM14.68), SKPETRO (+5 sen to RM3.85), GENTING (+5 sen to RM9.90) and KLK (+2 sen to RM21.20). Lagging Movers were UMW (-32 sen to RM14.08), PPB (-12 sen to RM14.66), CIMB (-11 sen to RM8.04), PBBANK (-8 sen to RM17.24) and FGV (-6 sen to RM4.49). Market breadth was negative with 379 gainers as compared to 422 losers.
The KLCI ended in the negative territory at 1788.24 points on the last trading day of the week. The worry over Federal Reserve might scale back its stimulus program in September had sapped local investors’ confidence and prompted the profit taking of investors while most of our Asean peers shared the same fate. Trading activity remained active with trading volume breached 2 billion shares as investors saw trading interest in small cap counters.
Date As of: 16 August 2013
Description Volume Value Frequency
Total 4,797,642,327 5,173,300,076,235 130,576
ETF 78,500 20,224,000 20
Stock 4,736,498,676 5,168,002,857,709 129,383
Warrant 61,065,151 5,276,994,526 1,173
Type Buy Sell Net
Institution 3,689.85 4,564.65 -874.80
Proprietary 5,732.69 6,748.80 -1,016.11
Foreign 7,920.21 8,847.54 -927.33
Individual 20,742.04 17,923.81 2,818.24
Total Trading Value 38,084.79 M.Baht
Indonesian stocks suffered the worst drop in almost six weeks on Friday, and ended with losses for the third straight week, while other Southeast Asian stocks retreated amid expectations that the U.S. Federal Reserve would scale back its stimulus programme.
Late sell-offs in large caps sent Jakarta's Composite Index 2.5 percent lower on the day, down 1.6 percent on the week, with selling most active in Bank Rakyat Indonesia Persero and Telekomunikasi Indonesia.
A fall in the Indonesian rupiah to a four-year low, plus weak second quarter GDP growth of 5.8 percent released earlier in the month, sparked concerns among investors about a high interest rate outlook and further dented the local stock market.
"Putting all of this together, given the concerns over the high level of inflation and the weakness of the rupiah, further rate hikes are likely before the end of the year," said Gareth Leather, an economist at London-based Capital Economics.
The prospect of tighter global liquidity derailed the rally in the region's outperformers this year, with the Philippine index down 0.8 percent on the day, trimming its gain on the week to 1.9 percent.
Vietnam pared earlier gains to end a tad lower at 0.08 percent. It was still up 1.4 percent on the week, with a year-to-date gain of 22.7 percent, Asia's fourth-best performing bourse.
SOUTHEAST ASIAN STOCK MARKETS
Market Current Prev Close Pct Move
TR SE Asia Index* 422.28 428.13 -0.84
Singapore 3197.53 3248.66 -0.73
Kuala Lumpur 1788.24 1793.73 -0.22
Bangkok 1445.76 1460.63 -0.50
Jakarta 4568.65 4699.73 -2.49
Manila 6525.95 6656.61 -0.83
Ho Chi Minh 507.79 503.57 -0.08
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