ASEAN KEY DESTINATIONS
19 August 2016
The Straits Times Index (STI) ended 2 points or 0.07% higher to 2838.98, taking the year-to-date performance to -1.52%.
The top active stocks today were DBS, which gained 0.68%, Singtel, which declined 0.24%, CapitaLand, which closed unchanged, UOB, which closed unchanged and CapitaLand Mall Trust, with a 1.88% advance.
The FTSE ST Mid Cap Index gained 0.45%, while the FTSE ST Small Cap Index rose 0.51%.
The outperforming sectors today were represented by the FTSE ST Basic Materials Index, which rose 0.94%. The two biggest stocks of the Index - Midas Holdings and Geo Energy Resources- ended unchanged and 0.96% higher respectively.
The underperforming sector was the FTSE ST Telecommunications Index, which slipped 0.62%. Singtel shares declined 0.24 % and StarHub gained 0.52 %.
The three most active Exchange Traded Funds (ETFs) by value today were:
IS MSCI India (+0.14%)
iShares USD Asia Bond ETF (+1.08%)
STI ETF (unchanged)
The three most active Real Estate Investment Trusts (REITs) by value were:
CapitaLand Mall Trust (+1.88%)
Ascendas REIT (-1.22%)
Mapletree GCC Trust (+0.91%)
The most active index warrants by value today were:
The most active stock warrants by value today were:
DBS MB eCW170201 (+3.88%)
SGX VT eCW161212 (-1.49%)
DBS MB ePW170201 (-4.76%)
Singapore Stock Market
*ST Index 2,844.02 +7.04 2,836.98 -6.37
Volume: 738.7M 755.6M
Value: $695.5M $746.3M
Gainers/Losers: 222/172 171/223
Daily Market Commentary (Securities)
19 August 2016
The FBM KLCI index lost 7.19 points or 0.42% on Friday. The Finance Index fell 0.35% to 14482.5 points, the Properties Index dropped 0.25% to 1191.34 points and the Plantation Index rose 0.74% to 7862.06 points. The market traded within a range of 8.44 points between an intra-day high of 1694.88 and a low of 1686.44 during the session.
Actively traded stocks include M3TECH, BORNOIL, AAX, VIVOCOM, FGV-C15, DRBHCOMC20, SKPETROC25, NEXGRAM, AAX-CU and FGV. Trading volume decreased to 2201.27 mil shares worth RM1697.11 mil as compared to Thursday’s 2849.23 mil shares worth RM1986.70 mil.
Leading Movers were KLK (+28 sen to RM23.64), IOICORP (+4 sen to RM4.44), SKPETRO (+1 sen to RM1.59), HLBANK (+0 sen to RM13.16) and MAYBANK (+0 sen to RM8.00). Lagging Movers were AXIATA (-14 sen to RM5.73), ASTRO (-6 sen to RM2.86), CIMB (-6 sen to RM4.67), AMMB (-5 sen to RM4.40) and MAXIS (-7 sen to RM6.26). Market breadth was negative with 319 gainers as compared to 523 losers.
The KLCI slid and closed lower at 1687.68 points despite overnight gains in US market. The performance of our local bourse was bogged down by selling interest in heavy weight counters such as Axiata, CIMB and Ambank.
Date As of: Friday, August 19, 2016
Description Volume Value Frequency
ETF 102,500 12,299,300 10
Stock 5,941,650,922 8,065,701,149,522 274,113
Right 193,129,630 7,775,675,860 1,043
Warrant 15,846,000 5,850,083,100 210
Total 6,150,729,052 8,079,339,207,782 275,376
As of 19 August 2016 Unit: M.Baht
Type Buy Sell Net
Institution 4,398.06 5,893.32 -1,495.25
Proprietary 6,427.44 6,911.66 -484.21
Foreign 12,958.64 12,516.74 441.90
Individual 27,613.38 26,075.81 1,537.57
Total Trading Value 51,397.52 M.Baht
SE Asia Stocks-Largely down; Indonesia falls ahead of cenbank decision
Most Southeast Asian stock markets closed lower on Friday, in line with Asian peers, as investors booked profits ahead of the weekend, while a rally in crude boosted Vietnam and Singapore shares.
Investors were also confused by mixed messages from the Fed, with hawkish comments from New York Fed President William Dudley and San Francisco Fed President John Williams clashing with the Fed's July meeting minutes this week saying more data is needed
before interest rates can rise.
Markets are awaiting an annual meeting of central bankers from around the world in Jackson Hole, Wyoming, next week, in which Fed Chair Janet yellen is likely to cement expectations for a slow pace of rate increases.
Indonesian shares .JKSE closed lower after two sessions of gains as traders took a pause ahead of a central bank policy meeting, but posted a weekly gain of 0.72 pct.
The bank formally makes the 7-day reverse repurchase rate its new benchmark on Friday, and a slim majority of analysts believe the rate will be held steady on its debut.
"The consensus is pretty much a 25-basis point cut. But I would argue that it is unlikely. I think the 7-day reverse repo rate (the new benchmark) would stay unchanged at 5.25 percent," said Taye Shim, an analyst with Daewoo Securities Indonesia.
Philippine shares .PSI ended lower, dragged down by banks. SM Prime Holdings Inc SMPH.PS and BDO Unibank Inc BDO.PS were among the top losers.
Vietnam shares .VNI rose for a third straight session, led by energy stocks such as Petrovietnam Gas Joint Stock Corp GAS.HM , and posted a weekly gain of 1 percent.
Brent crude oil prices hit an eight-week high as hopes that producers could agree measures to support crude buoyed sentiment.
Singapore .STI closed higher as oil and gas stocks such as Sembcorp Industries Ltd SCIL.SI gained, but fell 0.82 percent on the week.
Thai shares .SETI declined, weighed down by industrial stocks including Thai Sugar Terminal PCL TSTE.BK , while Malaysia .KLSE dropped as telecom stocks such as Axiata Group Bhd AXIA.KL and DiGi.Com Bhd DSOM.KL lost ground.
SOUTHEAST ASIAN STOCK MARKETS
Market Current previous close Pct Move
Singapore 2844.02 2836.98 0.25
Bangkok 1538.76 1547.01 -0.53
Manila 7930.75 7952.81 -0.28
Jakarta 5416.035 5461.45 -0.83
Kuala Lumpur 1687.68 1694.87 -0.42
Ho Chi Minh 662.28 660.65 0.25
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.