ASEAN KEY DESTINATIONS
21 August 2014
The Straits Times Index (STI) ended +0.44 points higher or +0.01% to 3324.09, taking the year-to-date performance to +5.03%.
The FTSE ST Mid Cap Index gained +0.20% while the FTSE ST Small Cap Index gained +0.14%. The top active stocks were DBS (+0.34%), OCBC Bank (+0.58%), Ezion (+5.16%), SingTel (+0.26%) and UOB (-0.04%).
The outperforming sectors today were represented by the FTSE ST Technology Index (+0.82%). The two biggest stocks of the FTSE ST Technology Index are Silverlake Axis (+0.89%) and STATS ChipPAC (+0.83%). The underperforming sector was the FTSE ST Industrials Index, which declined -0.46% with Jardine Matheson Holdings’s share price declining -1.67% and Jardine Strategic Holdings’s share price declining -0.36%. The FTSE ST Consumer Services Index declined -0.27%. The FTSE ST Real Estate Index gained +0.07%. The FTSE ST Utilities Index declined -0.40%.
The three most active Exchange Traded Funds (ETFs) by value today were the SPDR Gold Shares (-1.07%), Is MSCI India (-0.93%), DBXT FTSE Vietnam ETF (+1.09%).
The three most active Real Estate Investment Trusts (REITs) by value were CapitaMall Trust (+0.50%), Ascendas Reit (unchanged) and Mapletree Commercial Trust (+0.71%).
The most active index warrants by value today were HSI25400MBeCW140929 (-8.60%), HSI24800MBeCW140929 (-7.19%), HSI24600MBePW140929 (+5.62%).
The most active stock warrants by value today were UOB MB eCW141201 (-5.52%), DBS MB eCW150106 (+6.56%), KepCorp MBeCW141201 (-0.89%).
Singapore Stock Market
*ST Index 3,324.09 +0.44 3,323.65 +7.22
Volume: 1,464.6M 1,676.9M
Value: $891.2M $936M
Gainers/Losers: 211/211 210/196
Daily Market Commentary (Securities)
21 Aug 2014
The FBM KLCI index lost 4.08 points or 0.22% on Thursday. The Finance Index increased 0.20% to 17475.58 points, the Properties Index dropped 0.10% to 1511.87 points and the Plantation Index down 1.40% to 8696.91 points. The market traded within a range of 8.26 points between an intra-day high of 1879.62 and a low of 1871.36 during the session.
Actively traded stocks include SUMATEC, PDZ, GLOTEC, MARCO, NEXGRAM, SUMATEC-WB, EMICO, HUBLINE, ZELAN and REACH-WA. Trading volume decreased to 2987.10 mil shares worth RM2444.78 mil as compared to Wednesday’s 7669.88 mil shares worth RM3304.33 mil.
Leading Movers were HLFG (+42 sen to RM17.60), SKPETRO (+6 sen to RM4.19), IHH (+7 sen to RM5.02), ASTRO (+4 sen to RM3.35) and KLCC (+5 sen to RM6.60). Lagging Movers were IOICORP (-17 sen to RM4.83), KLK (-70 sen to RM23.16), YTL (-3 sen to RM1.55), GENTING (-14 sen to RM9.68) and TM (-5 sen to RM6.19). Market breadth was positive with 457 gainers as compared to 393 losers.
The KLCI retreated and closed lower at 1874.81 points on cautious market sentiment. Investor’s appetite hampered after China PMI data fell sharper than expected while market breadth remained negative after the heavy sell down on yesterday.
Thai bourse highlights strength to attract investors in Singapore
BANGKOK, Aug 21, 2014 - The Stock Exchange of Thailand (SET), together with Maybank Kim Eng Group , will highlight the strengths and effectiveness of the Thai capital market in a seminar on "Capitalizing on Thailand transformation - Recovery, Resilience, Reform & Re-Rating" on August 23 in Singapore, aiming to attract more foreign retail investors.
SET President Kesara Manchusree said, "The roadshow is part of SET's investor base expansion to increase foreign retail investor base. The event will showcase the effectiveness of the Thai capital market and a variety of selected investment products that give attractive returns constantly. It is the first
time that we hold a seminar regarding the Thai capital market for Singaporean retail investors."
"SET will continue to promote the attractiveness of the Thai capital market as being ASEAN's highest average daily trading value since 2012. SET's average daily trading value rose to THB 52.80 billion in July from early this year, while the main index (as of 20 August) rose 19.41 percent from the start of this year, and Thai listed companies post strong performance with consistent returns and high liquidity. The recent successful INVEST fair 2014 in Malaysia reflected the attractiveness of the Thai stock market, drawing a great number of Malaysian investors to join the event and open accounts to invest in Thai stocks," Kesara added
Maybank Kim Eng (Thailand) CEO Boonporn Boriboonsongsilp said, "Maybank Kim Eng group, with branches across Asian region, has placed importance on the Thai stock market due to its high potential and effectiveness. The Thai bourse is seen as the most ready stock market for the advent of ASEAN Economic Community, resulted from the capability of Thai listed companies expanding into ASEAN region and worldwide. In June, Kim Eng launched online trading system (KE Trade) for investors in Singapore, enabling them to do real-time trading on Thai stocks, while offering discounted fees promotion. The online trading system received warm welcome from investors with trading on Thai stocks in July jumping 63 percent from the past month, partly due to the stability of Thailand's political stability, as well as our continuous distribution of the Thai capital market information to investors."
As of 21 August 2014 Unit: M.Baht
Type Buy Sell Net
Institution 4,248.39 4,024.03 224.37
Proprietary 4,011.17 3,978.55 32.62
Foreign 7,838.98 7,821.13 17.85
Individual 31,859.61 32,134.44 - 274.84
Total Trading Value 47,958.15 M.Baht
Vietnam index ends near 5-yr high; GAS leads on dividend talk
Vietnam's benchmark VN Index rose 1.03 percent to close at 612.94 points on Thursday, its highest level in nearly five years, on strong gains in
blue-chips, led by PetroVietNam Gas which rose on talk of a potential cash dividend.
GAS shares ended up 1.72 percent at a record-high close of 118,000 dong ($5.57), having eased from an intraday high of 120,000 dong, Reuters data showed.
Shares in PetroVietNam Gas, the country's largest listed firm, gained on market talk that it would pay a cash dividend of
2,000 dong, or 20 percent of par value, analysts said.
Hanoi-based Vietcombank , the country's biggest lender by market value, closed at a four-month high of 27,200 dong, while food producer Masan Group rose 1.81percent.
Volume surged to 151 million shares on Thursday, the highest since July 10, on both strong buying and profit-taking in late trade, analysts said.
"Some investors feared strong selling may happen at the index's peak," said analyst Nguyen Hoang Phuong of Ho Chi Minh City Securities.
"But the index is likely to rise further as many stocks surpassed their year-highs, while domestic buying has been good despite foreigners' constant net selling in the past weeks," Phuong added.
Here is a snapshot of the VN Index at the close
VN Index 612.94
PREV. CLOSE 606.7
% CHANGE 1.03%
SE Asia Stocks - Indonesia up before court verdict; Thai at more than 14-month high
Stocks in Indonesia recouped early losses and closed near a 15-month high on Thursday ahead of a court ruling on the presidential election, while Thai
shares edged up after the country's army chief was appointed prime minister.
Jakarta's Composite Index , which measures the movement of 501 stocks, finished 0.3 percent higher at 5,206.14, its highest close since May 22, 2013 and just shy of the record close of 5,214.97 hit on May 20 last year.
The benchmark lost almost 1 percent in early trading amid caution before the court verdict, but brokers said late buying reflected expectations of a ruling in favour of Joko Widodo.
Foreign investors bought shares for a second day worth a combined 925 billion rupiah ($79 million) as the rupiah strengthened to trade around 11,685 against the dollar compared with a previous close of 11,698.
In Bangkok, the key SET index rose for a third day, closing slightly higher at 1,551.41, the highest finish in more than 14 months.
Brokers attributed the rise to optimism around the nomination of General Prayuth Chan-ocha as Prime Minister and a soon-to-be-formed government.
State-run Krung Thai Bank gained almost 2 percent while home builder Land & Houses jumped 2.7 percent amid selective buying in sectors seen as beneficiaries of an improved economic outlook and political stability.
Malaysia fell, bucking the trend in the region, with retail investors selling a net 42 million ringgit ($13.2 million) of stock while domestic institutions and foreign investors were net buyers, exchange data showed.
The Philippine stock market was closed for a public holiday and will reopen on Friday.
SOUTHEAST ASIAN STOCK MARKETS
Market Current Prev Close Pct Move
TR SE Asia Index* 444.85 444.63 +0.05
Singapore 3324.09 3323.65 +0.01
Kuala Lumpur 1874.81 1878.89 -0.22
Bangkok 1551.41 1550.77 +0.04
Jakarta 5206.14 5190.17 +0.31
Ho Chi Minh 612.94 606.70 +1.03