ASEAN KEY DESTINATIONS
23 August 2016
The Straits Times Index (STI) ended 9.24 points or 0.33% higher to 2850.43, taking the year-to-date performance to -1.12%.
The top active stocks today were DBS, which gained 0.87%, Singtel, which gained 0.72%, CapitaLand, which declined 0.33%, UOB, which gained 0.51% and OCBC Bank, with a 0.24% advance.
The FTSE ST Mid Cap Index gained 0.14%, while the FTSE ST Small Cap Index declined 0.12%.
The outperforming sectors today were represented by the FTSE ST Industrials Index, which rose 0.91%. The two biggest stocks of the Index - Jardine Matheson Holdings and Jardine Strategic Holdings – ended 2.36% higher and 0.22% higher respectively.
The underperforming sector was the FTSE ST Consumer Goods Index, which slipped 0.39%. Wilmar International shares declined 0.32% and Thai Beverage declined 0.98%.
The three most active Exchange Traded Funds (ETFs) by value today were:
IS MSCI India (+0.14%)
DBXT MSCI Thailand TRN ETF (-1.36%)
DBXT MSCI Taiwan ETF (-1.41%)
The three most active Real Estate Investment Trusts (REITs) by value were:
Ascendas REIT (+1.24%)
CapitaLand Commercial Trust (-1.28%)
CapitaLand Mall Trust (+0.94%)
The most active index warrants by value today were:
The most active stock warrants by value today were:
DBS MB eCW170201 (+5.83%)
DBS MB eCW170201 (+5.83%)
DBS MB ePW170201 (-5.04%)
Singapore Stock Market
*ST Index 2,850.43 +9.24 2,841.19 -2.83
Volume: 1,332.8M 1,143.9M
Value: $735.1M $644.2M
Gainers/Losers: 170/184 151/214
Daily Market Commentary (Securities)
23 August 2016
The FBM KLCI index lost 8.00 points or 0.47% on Tuesday. The Finance Index fell 0.01% to 14497.59 points, the Properties Index dropped 0.37% to 1188.99 points and the Plantation Index down 0.16% to 7846.08 points. The market traded within a range of 9.96 points between an intra-day high of 1689.96 and a low of 1680.00 during the session.
Actively traded stocks include AAX, AAX-CU, IRIS, BORNOIL-WC, DNEX, M3TECH, AAX-WA, AAX-CV, BORNOIL and AEM. Trading volume decreased to 1835.90 mil shares worth RM1735.52 mil as compared to Monday’s 1853.97 mil shares worth RM1470.50 mil.
Leading Movers were KLCC (+7 sen to RM7.60), AMMB (+4 sen to RM4.46), MAXIS (+3 sen to RM6.30), TENAGA (+2 sen to RM14.82) and MISC (+1 sen to RM7.53). Lagging Movers were SIME (-34 sen to RM7.80), AXIATA (-12 sen to RM5.66), GENM (-9 sen to RM4.28), ASTRO (-6 sen to RM2.91) and SKPETRO (-2 sen to RM1.58). Market breadth was negative with 263 gainers as compared to 579 losers.
The KLCI halted its winning streak and closed lower at 1683.07 points amid overnight losses in Wall Street. The performance of our local bourse was bogged down by selling interest in heavy weights counters like Sime Darby, Axiata and Astro.
Date As of: 23 August 2016
Description Volume Value Frequency
ETF 7,500 4,412,700 16
Stock 7,163,335,881 7,938,669,835,209 277,303
Right 5,300 5,157,500 10
Warrant 16,551,300 6,673,767,200 201
Total 7,179,899,981 7,945,353,172,609 277,530
As of 23 August 2016 Unit: M.Baht
Type Buy Sell Net
Institution 5,259.43 5,904.08 -644.65
Proprietary 7,180.55 6,192.75 987.80
Foreign 15,867.63 15,230.34 637.28
Individual 26,352.99 27,333.42 -980.43
Total Trading Value 54,660.60 M.Baht
SE Asia Stocks-Subdued as investors await Fed rate hike signal
Southeast Asian stock markets were sluggish on Tuesday, ahead of a speech by Federal Reserve Chair Janet Yellen on Friday that could offer clues about a U.S. interest rate hike this year.
Dampening market sentiment further, oil fell below $49 a barrel, giving up part of August's strong rally, as signs of rising supply outweighed hopes that producing nations will agree on steps to support prices.
Goldman Sachs said in a report that talk of an output freeze by the Organization of the Petroleum Exporting Countries and a weak dollar had helped drive prices up this month but neither was enough to sustain current levels.
Indonesian shares .JKSE closed down 0.2 percent after falling as much as 1.4 percent earlier in the day. Consumer cyclicals led the losses, with Astra International Tbk PT ASII.JK falling 2.4 percent.
Markets were jittery as comments by Fed officials on improving economic conditions could mean another rate hike, said Taye Shim, an analyst with Daewoo Securities Indonesia.
Concerns over Yellen's speech and the "series of hawkish comments (from Fed officials) gave investors the right excuse for profit-taking", Shim said, adding that "this week is going
to be extremely volatile."
Philippine shares .PSI ended 0.6 percent lower, dragged down by telecom stocks, with PLDT Inc TEL.PS , the country's biggest telecom company by market capitalisation, losing 2.4 percent.
The market fell due to a mixture of profit-taking from Monday's short gain and the "risk-off mood" ahead of Yellen's speech, said Victor Felix, an analyst with Manila-based AB Capital Securities.
If the speech is "dovish in tone", the market will spike next week, he added.
Singapore shares .STI closed marginally up, with telecoms leading the gains. StarHub Ltd STAR.SI rose 1.1 percent.
Asian shares edged up with MSCI's broadest index of Asia-Pacific shares outside Japan .MIAPJ0000PUS up 0.4 percent at 0930 GMT.
SOUTHEAST ASIAN STOCK MARKETS
Market Current Prev close Pct Move
Singapore 2850.43 2841.19 0.33
Bangkok 1540.06 1539.24 0.05
Manila 7935.18 7981.21 -0.58
Jakarta 5417.14 5427.175 -0.18
Kuala Lumpur 1683.07 1691.07 -0.47
Ho Chi Minh 659.16 657.68 0.23
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.