ASEAN KEY DESTINATIONS
23 August 2017
The Straits Times Index (STI) ended 3.74 points or 0.11% lower to 3260.05, taking the year-to-date performance to +13.17%. For longer term observations please go to sgx.com/research.
The top active stocks today were ComfortDelGro, which gained 8.76%, DBS, which gained 0.15%, Rowsley, which gained 16.35%, Singtel, which declined 0.27% and UOB, with a 0.42% fall.
The FTSE ST Mid Cap Index gained 0.80%, while the FTSE ST Small Cap Index rose 0.44%.
The three most active Exchange Traded Funds (ETFs) by value today were:
IS MSCI India (+0.12%)
STI ETF (+0.30%)
Lyxor China H 10 (+0.63%)
The three most active Real Estate Investment Trusts (REITs) by value were:
Ascendas REIT (unchanged)
CapitaLand Mall Trust (unchanged)
Mapletree Log Tr (-0.41%)
The most active index warrants by value today were:
NKY 19000MBePW170908 (-9.09%)
NKY 18000MBePW171208 (-1.05%)
NKY 19000MBeCW171208 (+4.17%)
The most active stock warrants by value today were:
UOB MB eCW171016 (-8.51%)
DBS MB eCW171101 (+1.18%)
DBS MB eCW171016 (+3.45%)
Singapore Stock Market
*ST Index 3,260.05 -3.74 3,263.79 +16.8
Volume: 1,807.1M 1,857.3M
Value: $1,012.7M $948.5M
Gainers/Losers: 246/149 253/165
Daily Market Commentary (Securities)
23 August 2017
The FBM KLCI index lost 1.28 points or 0.07% on Wednesday. The Finance Index fell 0.11% to 16731.49 points, the Properties Index up 0.80% to 1263.36 points and the Plantation Index rose 0.33% to 7831.3 points. The market traded within a range of 6.23 points between an intra-day high of 1777.18 and a low of 1770.95 during the session.
Actively traded stocks include APFT, DUTALND, MLAB, DNEX, DNEX-WD, LUSTER, AAX, OLYMPIA, GLOTEC and MLAB-WA. Trading volume increased to 2004.62 mil shares worth RM1967.85 mil as compared to Tuesday’s 1772.32 mil shares worth RM1886.54 mil.
Leading Movers were RHBBANK (+19 sen to RM5.07), PETGAS (+20 sen to RM19.00), MISC (+7 sen to RM7.25), HAPSENG (+5 sen to RM9.10) and GENTING (+5 sen to RM9.78). Lagging Movers were AMMB (-11 sen to RM4.59), GENM (-12 sen to RM6.00), IJM (-3 sen to RM3.36), HLFG (-14 sen to RM16.86) and YTL (-1 sen to RM1.39). Market breadth was negative with 415 gainers as compared to 454 losers.
The KLCI closed flat with 1.28 points lower at 1772.94 points amid lack of local catalyst despite US markets rose over the night.
Date As of: 23 August 2017
Description Volume Value Frequency
ETF 1,008,000 98,915,200 32
Stock 11,030,287,846 6,641,461,013,632 374,728
Warrant 219,004,587 16,813,312,822 6,771
Total 11,250,300,433 6,658,373,241,654 381,531
As of 23 August 2017 Unit: M.Baht
Type Buy Sell Net
Institution 5,199.48 3,423.97 1,775.51
Proprietary 3,700.40 3,989.83 -289.43
Foreign 11,931.06 13,964.08 -2,033.02
Individual 14,903.18 14,356.25 546.94
Total Trading Value 35,734.12 M.Baht
SE Asia Stocks-Indonesia gains on rate cut; Fed event in focus
Indonesian shares ended higher on Wednesday after the central bank unexpectedly cut the interest rate to boost sluggish lending and growth while most other Southeast Asian stock markets were cautious ahead of a gathering
of central bank chiefs hosted by the U.S. Federal Reserve.
Indonesia became the second major Asian economy after India to cut its benchmark policy rate this year, with Bank Indonesia (BI) bringing the 7-day reverse repurchase rate IDCBRR=ECI down by 25 basis points to 4.50 percent.
Indonesian stocks .JKSE ended 0.6 percent higher, helped by energy and consumer staples stocks.
Further easing from BI seems likely before the year-end, ING Research said in a note.
Meanwhile, other Southeast Asian stock markets moved sideways, in line with broader Asian shares which initially inched up to a two-week high, before giving up the gains to trade flat.
Investors turned their focus to the U.S. central bank's annual conference in Jackson Hole, Wyoming this week where Fed Chair Janet Yellen and European Central Bank President Mario Draghi are slated to speak.
"For this week, I think Asian markets will just take their cue from Jackson Hole central bank event in which the spotlight may likely focus on Yellen. In other words the Asian markets will just track the U.S. markets," said said Edgar Lay, junior equity analyst with AB Capital Securities.
In Philippines, shares .PSI fell 0.2 percent, as industrials and financials lost ground. Ayala Land ALI.PS fell
0.9 percent, while BDO Unibank BDO.PS lost 0.5 percent.
"I think this is not a surprise, the ghost season has already commenced and historically the stock markets were
sluggish during this period showing less-than-normal trading volume," Lay said.
Analysts say China's "ghost season" stalls momentum in the markets as some Chinese investors reduce trading during this period.
"Investors are waiting for a catalyst that will further push the markets up or down," Lay said.
Singapore shares .STI fell 0.1 percent, weighed down by financials.
The city-state's headline consumer price index in July rose 0.6 percent from a year earlier, helped by higher retail and
water prices, data showed on Wednesday.
Malaysian shares .KLSE edged down marginally as losses in financials more than offset the gains in telecom and
industrials. AMMB Holdings AMMB.KL fell 2.3 percent, while
Hong Leong Financial Group HLCB.KL fell 0.8 percent.
SOUTHEAST ASIAN STOCK MARKETS
Market Current previous Pct Move
Singapore 3260.05 3263.79 -0.11
Bangkok 1573.38 1573.19 0.01
Manila 7998.75 8015.93 -0.21
Jakarta 5914.024 5880.297 0.57
Kuala Lumpur 1772.94 1774.22 -0.07
Ho Chi Minh 765.98 761.26 0.62