ASEAN KEY DESTINATIONS
22 August 2013
The Straits Times Index (STI) ended 19.59 points lower or -0.63% to 3,089.40, taking the year-to-date performance to -2.45%.
The FTSE ST Mid Cap Index declined -0.33% while the FTSE ST Small Cap Index gained +0.21%. The top active stocks were DBS (-1.47%), OCBC Bank (-2.07%), SingTel (-1.37%), UOB (-0.71%) and Geo Energy Resources (+18.31%).
The outperforming sectors today were represented by the FTSE ST Basic Materials Index which gained +1.72%. The two biggest stocks of the FTSE ST Basic Materials Index are Midas Holdings (-3.85%) and Geo Energy Resources (+18.31%). The underperforming sector was the FTSE ST Telecommunications Index, which declined -1.69% with SingTel posting a decline of -1.37% while Starhub gained +0.24%. The FTSE ST Industrials Index gained +0.77%, as with the FTSE ST Health Care Index (+0.09%).
The three most active Exchange Traded Funds (ETFs) by value today were the STI ETF (-0.95%), DBXT MSCI Indonesia ETF 10 (-4.44%), and SPDR Gold Shares (+0.63%).
The three most active Real Estate Investment Trusts (REITs) by value were CapitaMall (-1.56%), Suntec REIT (-0.33%), and Ascendas REIT (-0.92%).
The most active index warrants by value today were HSI21600MBeCW130927 (+10.08%), HSI22000MBePW130927 (-13.67%) and HSI22200MBeCW130927 (+8.11%).
The most active stock warrants by value today were DBS MB eCW131105 (-7.69%), KepCorp MBeCW131101 (unchanged) and DBS MB eCW131202 (-11.24%).
*Please note the Health Care and Industrial sectors will be the focus of SGX My Gateway Educational events in 3Q13.
Singapore Exchange has introduced My Gateway to meet increasing investor interest for more investment knowledge and education. My Gateway provides one-stop access to market updates, video clips on investment products, information on seminars and courses as well as other resources. Click here for My Gateway.
Singapore Stock Market
*ST Index 3,089.4 -19.59 3,108.99 -19.76
Volume: 4,318.5M 3,593.6M
Value: $1,672M $1,217.4M
Gainers/Losers: 198/274 209/235
Daily Market Commentary (Securities)
22 Aug 2013
The FBM KLCI index lost 24.48 points or 1.40% on Thursday. The Finance Index fell 1.52% to 16201.96 points, the Properties Index dropped 1.68% to 1321.34 points and the Plantation Index down 1.14% to 8091.61 points. The market traded within a range of 19.29 points between an intra-day high of 1729.46 and a low of 1710.17 during the session.
Actively traded stocks include MAS, SONA-WA, SUMATEC-WA, FLONIC, TMS, DAYA, SONA, AIRASIA, SKPRES-WA and SUMATEC. Trading volume increased to 2434.61 mil shares worth RM3442.81 mil as compared to Wednesday’s 1581.07 mil shares worth RM2337.80 mil.
Leading Movers were UEMS (+1 sen to RM2.64), FGV (+0 sen to RM4.35), SIME (+2 sen to RM9.38), IHH (+2 sen to RM4.12) and YTL (+2 sen to RM1.57). Lagging Movers were PETDAG (-52 sen to RM27.18), BAT (-50 sen to RM60.50), RHBCAP (-40 sen to RM7.30), TENAGA (-34 sen to RM8.52) and UMW (-30 sen to RM13.42). Market breadth was negative with 76 gainers as compared to 904 losers.
The local bourse managed to recoup some mid day losses to close at 1,720.37 albeit still losing 24.48 points. This was led by declines in Finance and Plantation sub-sectors, spawned by heavy weights RHB Capital, Hong Leong Bank, Hong Leong Financial and Public Bank. The sombre tone was in tandem with the region as investors are roiled by worries about a withdrawal of the US monetary stimulus. We opine that investors will be waiting to take cues from the Federal Reserve on when the tapering will begin.
Across the region, most stocks ended in red with the exception of Hang Seng Index, as commodity shares climbed after manufacturing data from China to Germany added to signs of global recovery.
Date As of: Wednesday, August 21, 2013
Description Volume Value Frequency
ETF 24,500 7,658,000 14
Stock 7,127,035,066 7,050,807,372,132 177,838
Warrant 119,306,500 2,492,482,000 1,191
Total 7,246,366,066 7,053,307,512,132 179,043
As of 22 Aug 2013 Unit: M.Baht
Type Buy Sell Net
Institution 5,827.99 5,245.64 582.36
Proprietary 11,446.62 9,569.17 1,877.45
Foreign 14,249.25 17,830.80 -3,581.55
Individual 26,392.08 25,270.34 1,121.74
Total Trading Value 57,915.94 M.Baht
Vietnam's benchmark VN Index closed down 1.31 percent at 496.12 on Thursday, tracking regional markets as foreign investors remained net sellers on the fourth straight day.
Foreign investors continued to sell blue chip shares to take profits after some stocks reached record highs. The rise in Vietnam's inflation in August and the spike in U.S. bond yields on Thursday also hurt investor sentiment, traders said.
Shares in PetroVietnam Gas, the biggest company by capitalisation, dropped 1.45 percent to 68,000 dong ($3.22). The company's shares had hit a record high on Monday.
Dairy products maker Vinamilk's shares fell 2.05 percent to 143,000 dong.
Real estate firm Hoang Anh Gia Lai lost 2.78 percent, while the Hanoi-based Vietcombank eased 2.61 percent.
"Hoang Anh Gia Lai shares are losing their attraction after the company said on Monday it has to sell some businesses to pay
debts," said Vu Tran Vinh Thuy of Dai Viet Securities.
Here is a snapshot of the VN Index at the close
VN Index 496.12
PREV. CLOSE 502.7
% CHANGE -1.31%
Philippine shares suffered their worst loss in more than two months on Thursday, catching up with broad declines in Southeast Asia after a three-day break, while stocks in Thailand and other markets in the region trimmed some losses amid bargain hunting.
The benchmark Philippine composite index finished down 6 percent after an early drop of 7.4 percent.
Sell-offs in large caps such as Ayala Land Inc and SM Investment Corp sent the index to a two-month closing low of 6,136.73 and halved the gain this year in one of Asia's outperformers.
Investors remained hopeful of Philippine economic outperformance, including the second quarter GDP data due on Aug. 29 that could provide a cushion for the market as macroeconomic concerns clouded Southeast Asian region.
The central bank data released after market close showed the country's balance of payments (BOP) hit a six-month high in
July, an indication of its strong fundamentals.
Stocks in Malaysia ended down 1.4 percent after falling as much as 2 percent, as Malaysia reported a slump in current account surplus and cut its economic growth forecast for the year.
Thai stocks pared most of their early loss, ending down 0.3 percent, as players bought battered big caps such as
PTT and PTT Exploration and Production.
Thai bourse said foreign investors sold shares worth $113 million on Thursday, taking their net selling this week to $767
million, amid capital outflows from emerging markets.
Outflows hit across Thai assets, including Thai bonds, with seven-year bond yields rising by 15 basis points to
3.99 percent and 10-year bond yields jumping 26 basis points to 4.26 percent.
"It's the same direction as seen in the region. Foreign investors have adjusted their portfolios, selling from emerging markets and going back to developed markets," said Chinrath Sungkakhun, a fund manager with Finansa Asset Management.
Foreigners sold a net 94.6 billion baht ($2.97 billion) of Thai debt in May-June, but they have still been net buyers of 63.4 billion in the first half of 2013, according to the Thai Bond Market Association.
Stocks in Indonesia closed down 1.1 percent after a 2.6 percent drop in morning trade and Singapore eased 0.6 percent, falling almost 2 percent at one point.
Minutes from the U.S. Federal Reserve's policy meeting in July reinforced the outlook for a near-term cut in stimulus, further denting broader Asia.
SOUTHEAST ASIAN STOCK MARKETS
Market Current Prev Close Pct Move
TR SE Asia Index* 387.19 396.08 -2.24
Singapore 3089.40 3108.99 -0.63
Kuala Lumpur 1720.37 1744.85 -1.40
Bangkok 1351.81 1355.14 -0.25
Jakarta 4171.41 4218.45 -1.11
Manila 6136.73 6525.95 -5.96
Ho Chi Minh 496.12 502.70 -1.31
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