ASEAN KEY DESTINATIONS
24 August 2016
The Straits Times Index (STI) ended 15.8 points or 0.55% higher to 2866.23, taking the year-to-date performance to -0.57%.
The top active stocks today were DBS, which gained 1.40%, CapitaLand, which gained 2.28%, UOB, which gained 1.07%, OCBC Bank, which gained 1.77% and Singtel, with a 0.47% advance.
The FTSE ST Mid Cap Index gained 0.31%, while the FTSE ST Small Cap Index rose 0.53%.
The outperforming sectors today were represented by the FTSE ST Basic Materials Index, which rose 1.24%. The two biggest stocks of the Index - Midas Holdings and Geo Energy Resources – ended 4.35% higher and 3.81% higher respectively.
The underperforming sector was the FTSE ST Consumer Goods Index, which slipped 1.30%. Wilmar International shares declined 0.32% and Thai Beverage declined 1.98%.
The three most active Exchange Traded Funds (ETFs) by value today were:
IS MSCI India (+0.55%)
STI ETF (+0.69%)
DBXT MSCI Indonesia ETF (+0.48%)
The three most active Real Estate Investment Trusts (REITs) by value were:
Ascendas REIT (+0.82%)
CapitaLand Mall Trust (+0.46%)
Mapletree Com Trust (-0.96%)
The most active index warrants by value today were:
The most active stock warrants by value today were:
DBS MB eCW170201 (+16.51%)
UOB MB eCW170201 (+10.53%)
DBS MB ePW170201 (-12.39%)
Singapore Stock Market
*ST Index 2,869.57 +19.14 2,850.43 +9.24
Volume: 987.5M 1,332.8M
Value: $838.2M $735.1M
Gainers/Losers: 236/151 170/184
Daily Market Commentary (Securities)
24 August 2016
The FBM KLCI index lost 1.01 points or 0.06% on Wednesday. The Finance Index fell 0.25% to 14460.71 points, the Properties Index up 0.18% to 1191.08 points and the Plantation Index down 0.07% to 7840.76 points. The market traded within a range of 5.46 points between an intra-day high of 1684.39 and a low of 1678.93 during the session.
Actively traded stocks include AAX, XDL, M3TECH, VIVOCOM, AIRASIA, BORNOIL, AAX-WA, AAX-CU, AAX-CW and IRIS. Trading volume increased to 1935.00 mil shares worth RM1774.77 mil as compared to Tuesday’s 1835.90 mil shares worth RM1735.52 mil.
Leading Movers were GENTING (+14 sen to RM8.20), SKPETRO (+1 sen to RM1.59), MAXIS (+3 sen to RM6.33), ASTRO (+1 sen to RM2.92) and PETCHEM (+2 sen to RM6.68). Lagging Movers were AMMB (-1 sen to RM4.37), IHH (-6 sen to RM6.62), TENAGA (-8 sen to RM14.74), BAT (-14 sen to RM50.06) and IOICORP (-1 sen to RM4.42). Market breadth was negative with 253 gainers as compared to 519 losers.
The KLCI closed flat with 1.01 points lower at 1682.06 points despite overnight gains in Wall Street. The performance of our local bourse was limited as profit taking kicked in.
Date As of: 24 August 2016
Description Volume Value Frequency
ETF 38,200 26,725,200 15
Stock 12,585,713,653 8,139,438,471,114 311,238
Right 00 00 00
Warrant 14,365,200 6,540,799,900 129
Total 12,600,117,053 8,146,005,996,214 311,382
As of 24 August 2016 Unit: M.Baht
Type Buy Sell Net
Institution 6,884.29 5,300.96 1,583.33
Proprietary 6,425.26 6,350.06 75.20
Foreign 17,180.13 15,688.94 1,491.18
Individual 29,732.38 32,882.09 -3,149.71
Total Trading Value 60,222.05 M.Baht
SE Asia Stocks-Cautious ahead of Yellen speech
Southeast Asian stock markets trod cautiously on Wednesday as strong U.S. housing data released overnight increased the chances of an interest rate hike in the coming months, while oil prices slipped after a surprise jump in U.S. inventories.
The focus remained on the global central bankers who will meet in the U.S. mountain resort of Jackson Hole later this week, where Fed Chair Janet Yellen will give a speech on Friday.
Markets are pricing in around a 21 percent chance of a hike in September, but a 50 percent chance of at least one hike by
the end of the year, according to CME FedWatch.
Global benchmark Brent crude futures LCOc1 were down 74 cents at $49.22 a barrel at 0809 GMT, after touching an intraday low of $49.07.
Nothing "emphatic" is happening in the market, said Vishnu Varathan, a senior economist with Mizuho Bank.
There is a bit of mixed trading happening in the region as some of them are following the U.S. cues reinforced by Tokyo's rise, he said, adding that Yellen's comment was expected to be dovish.
Philippine shares .PSI closed down 0.9 percent, with consumer non-cyclicals leading the losses. Earlier in the day, the index fell as much as 1.3 percent to its lowest in over 6 weeks.
The market is going to trade sideways for the rest of the week on expectation that Yellen's speech could give clues about whether there would be an interest rate hike in September, said Grace Aller, an analyst with AP Securities in Manila.
JG Summit Holdings Inc JGS.PS lost 3.8 percent and Universal Robina Corp URC.PS fell 2.6 percent.
Singapore shares .STI ended 0.7 percent higher and posted their biggest single-day gain in 2 weeks. Financial stocks led the gains, with DBS Group Holdings Ltd DBSM.SI rising 1.4 percent and United Overseas Bank Ltd UOBH.SI adding 1.1 percent.
MSCI's broadest index of Asia-Pacific shares outside Japan .MIAPJ0000PUS was down 0.4 percent as of 0950 GMT.
SOUTHEAST ASIAN STOCK MARKETS
Market Current Prev close Pct Move
Singapore 2869.57 2850.43 0.67
Bangkok 1547.55 1540.06 0.49
Manila 7866.13 7935.18 -0.87
Jakarta 5403.992 5417.14 -0.24
Kuala Lumpur 1682.06 1683.07 -0.06
Ho Chi Minh 660.77 659.16 0.24
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.