ASEAN KEY DESTINATIONS
25 August 2014
The Straits Times Index (STI) ended +4.78 points higher or +0.14% to 3330.28, taking the year-to-date performance to +5.23%.
The FTSE ST Mid Cap Index declined -0.03% while the FTSE ST Small Cap Index declined -0.07%. The top active stocks were OCBC Bank (-4.04%), DBS (+0.11%), UOB (+1.01%), CapitaLand (unchanged) and SingTel (+0.78%).
The outperforming sectors today were represented by the FTSE ST Health Care Index (+1.01%). The two biggest stocks of the FTSE ST Health Care Index are Raffles Medical Group (-0.50%) and Biosensors International Group (+3.50%). The underperforming sector was the FTSE ST Basic Materials Index, which declined -1.51% with Midas Holdings’s share price declining -2.53% and Geo Energy Resources’s share price unchanged. The FTSE ST Consumer Services Index declined -0.09%. The FTSE ST Real Estate Index gained +0.13%. The FTSE ST Utilities Index gained +0.64%.
The three most active Exchange Traded Funds (ETFs) by value today were the DBXT FTSE Vietnam ETF (+0.87%), IS MSCI India (+0.27%), SPDR Gold Shares (-0.29%).
The three most active Real Estate Investment Trusts (REITs) by value today were CapitaMall Trust (-0.25%), Suntec REIT (-0.28%), Ascendas REIT (-0.43%).
The most active index warrants by value today were HSI25400MBeCW140929 (+2.25%), HSI24800MBeCW140929 (+2.24%), HSI24600MBePW140929 (-12.64%).
The most active stock warrants by value today were OCBC Bk MBeCW150302 (+10.71%), UOB MB eCW141201 (+8.18%), DBS MB eCW150106 (-2.92%).
Singapore Stock Market
*ST Index 3,330.28 +4.78 3,325.5 +1.41
Volume: 1,336.6M 1,598.8M
Value: $807.8M $997.8M
Gainers/Losers: 198/221 250/199
Daily Market Commentary (Securities)
25 Aug 2014
The FBM KLCI index lost 8.68 points or 0.46% on Monday. The Finance Index fell 0.37% to 17382.24 points, the Properties Index dropped 0.55% to 1503.8 points and the Plantation Index down 1.40% to 8470.35 points. The market traded within a range of 14.08 points between an intra-day high of 1873.66 and a low of 1859.58 during the session.
Actively traded stocks include SUMATEC, GLOTEC, IFCAM SC, PDZ, IFCAM SC-WA, NEXGRAM, LUSTER, REACH-WA, TALAMT and MARCO. Trading volume decreased to 3009.10 mil shares worth RM1976.20 mil as compared to Friday’s 3314.23 mil shares worth RM2260.19 mil.
Leading Movers were CIMB (+3 sen to RM7.19), BAT (+24 sen to RM71.40), GENTING (+3 sen to RM9.65), GENM (+1 sen to RM4.45) and TM (+1 sen to RM6.26). Lagging Movers were HLFG (-60 sen to RM17.04), PETDAG (-70 sen to RM21.00), PETGAS (-54 sen to RM22.28), PETCHEM (-14 sen to RM6.40) and KLK (-44 sen to RM22.10). Market breadth was negative with 276 gainers as compared to 637 losers.
The KLCI closed lower at 1862.31 points on Monday. The performance of our benchmark index was in line with the losses in US market on last Friday. Meanwhile, market breadth was negative due to rising tension between Russia and Ukraine.
ASEAN EXCHANGES ON TRACK TO CREATE AN ASEAN ASSET CLASS
The ASEAN Exchanges CEOs convened today at the 21st ASEAN Exchanges CEOs meeting to discuss the next collaborative action steps to market and promote ASEAN as one asset class. Since its launch in April 2011, ASEAN Exchanges have delivered on several key milestones such as the ASEAN Trading Link and development of a unique post trade solution which serves to provide greater exposure and access to the diverse range of investable companies across ASEAN.
Speaking on behalf of ASEAN Exchanges, Magnus Bocker, CEO of Singapore Exchange said, "The collaborative action amongst the ASEAN Exchanges has been a vital force in moving things forward to achieve our goals and this is most evident in the significant progress we have made over a relatively short period of time.
Since the formalisation of ASEAN Exchanges in April 2011 by officially introducing ASEAN Exchanges website and until now, we have put in place the ASEAN Trading Link to connect our markets and, are able to also now provide streamlined, cost-effective post-trade procedures for cross-border transaction
conducted via the ASEAN Trading Link. Each of the Exchange members has embarked on their own in-market engaging activities with the market players to market and create greater visibility of ASEAN products to investors."
In May 2014, three new ASEAN indices with FTSE were introduced bringing more ASEAN tradable opportunities for investors and to enhance liquidity among the Exchanges. Other key initiatives include the ASEAN Stars and the Invest ASEAN retail roadshows to profile the exciting companies listed on the seven exchanges in ASEAN to mainly retail investors.
The ASEAN Exchanges website provides investors up-to-date information about ASEAN markets and a single, integrated view of the ASEAN market. The website - www.aseanexchanges.org - allows investors to gain access to aggregated ASEAN market data and analytics, market performance of the seven ASEAN exchanges individually, broker research reports and FTSE/ASEAN Indices Weekly Report. The website is built around the ASEAN Stars, the 180 ASEAN blue-chip stocks which represent the 30 most exciting companies of each ASEAN country as ranked by investability in terms of market capitalisation and liquidity.
As of 25 August 2014 Unit: M.Baht
Type Buy Sell Net
Institution 3,531.29 3,143.52 387.77
Proprietary 3,693.88 3,123.49 570.40
Foreign 6,195.97 6,472.14 -276.17
Individual 27,737.30 28,419.30 -682.00
Total Trading Value 41,158.44 M.Baht
Vietnam index closes up 0.9 pct, energy stocks lead
Vietnam's VN Index climbed 0.93 percent on Monday to close at 625.88 points, with trade volume at its highest in five months on strong buying before some profit taking later in the session.
Money inflow boosted the market to as high as 629.58 points in early trade but some investors sold as the index moved towards the 633 points last seen in late 2009, said analyst Do Quang Hop of Saigon-Hanoi Securities.
Buying focused on the oil and gas sector, led by PetroVietNam Gas , the country's biggest firm by capitalisation, which gained for the fifth straight session to close at a record high 124,000 dong ($5.86).
Petrovietnam Drilling & Well Services Corp advanced 2.04 percent and Petrovietnam Transportation Corp rose 4.32 percent.
Volume jumped to 182 million shares, the largest since March 26, Reuters data showed.
Here is a snapshot of the VN Index at the close
VN Index 625.88
PREV. CLOSE 620.14
% CHANGE 0.93%
Indonesian stocks fell for a second day on Monday amid a fall in the rupiah and the risk of possible changes in the government's fuel subsidy policy, while losses in shares of plantation firms brought the Malaysian benchmark to a one-week low.
Jakarta's composite index eased 0.3 percent, adding to Friday's fall and sliding further from a near 15-month high hit late last week. A likelihood of higher fuel prices hit shares of auto firm Astra International .
Net foreign outflow on Monday was 176.7 billion rupiah ($15.1 million), after total inflows of 997 billion rupiah over the past three days. The rupiah slid on Monday amid concerns over Indonesia's current and budget deficits.
Malaysia's index ended at 1,862.31, the lowest close since Aug. 18. Shares of Kuala Lumpur Kepong was the top loser, partly due to concerns about Indonesia's possible restriction of foreign ownership of plantations.
In Bangkok, the SET index extended gains for a third day, closing at 1,563.13, the highest level since May 30, 2013.
Thai military leader General Prayuth Chan-ocha was endorsed as prime minister by Thailand's king on Monday and investors looked forward to the new cabinet line-up.
Shares of Kasikornbank were among the gainers after a number of big lots at a price higher than market.
The Philippines' stock market was shut on Monday, and will reopen on Tuesday. Investors await a set of data in the week to gauge the health of the economy, including June trade data on Tuesday and second quarter GDP on Thursday.
SOUTHEAST ASIAN STOCK MARKETS
Market Current Prev Close Pct Move
TR SE Asia Index* 445.27 445.92 -0.15
Singapore 3330.28 3325.50 +0.14
Kuala Lumpur 1862.31 1870.99 -0.46
Bangkok 1563.13 1556.97 +0.40
Jakarta 5184.95 5198.89 -0.27
Ho Chi Minh 625.88 620.14 +0.93