ASEAN KEY DESTINATIONS
25 August 2017
The Straits Times Index (STI) ended 12.59 points or 0.38% lower to 3259.57, taking the year-to-date performance to +13.15%. For longer term observations please go to sgx.com/research.
The top active stocks today were DBS, which declined 0.24%, Singtel, which closed unchanged, OCBC Bank, which declined 0.45%, Global Logistic, which declined 0.61% and ComfortDelGro, with a 1.72% fall.
The FTSE ST Mid Cap Index declined 0.32%, while the FTSE ST Small Cap Index rose 0.17%.
The three most active Exchange Traded Funds (ETFs) by value today were:
STI ETF (-0.30%)
SPDR Gold Shares (+0.18%)
DBXT MSCI Indonesia ETF (+0.32%)
The three most active Real Estate Investment Trusts (REITs) by value were:
Ascendas REIT (-1.51%)
CapitaLand Commercial Trust (-0.88%)
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 ePW171016 (+5.13%)
UOB MB eCW171016 (-15.69%)
DBS MB eCW171101 (-4.32%)
Singapore Stock Market
*ST Index 3,259.57 -12.59 3,272.16 +12.11
Volume: 1,701.7M 2,190.5M
Value: $988.4M $1,044.9M
Gainers/Losers: 211/195 218/207
Daily Market Commentary (Securities)
25 August 2017
The FBM KLCI index lost 6.33 points or 0.36% on Friday. The Finance Index fell 0.04% to 16693.2 points, the Properties Index up 0.24% to 1269.6 points and the Plantation Index down 0.19% to 7861.04 points. The market traded within a range of 9.62 points between an intra-day high of 1773.69 and a low of 1764.07 during the session.
Actively traded stocks include PALETTE, AAX, PALETTE-WA, FRONTKN, MLAB, M3TECH-WA, M3TECH, ARMADA, DNEX-WD and COMPUGT. Trading volume decreased to 2004.48 mil shares worth RM1934.93 mil as compared to Thursday’s 2132.13 mil shares worth RM1979.61 mil.
Leading Movers were HLFG (+24 sen to RM16.94), RHBBANK (+2 sen to RM5.09), AXIATA (+1 sen to RM4.90), MAXIS (+1 sen to RM5.81) and PETDAG (+4 sen to RM24.14). Lagging Movers were GENM (-23 sen to RM5.82), IJM (-11 sen to RM3.35), AMMB (-9 sen to RM4.43), IHH (-10 sen to RM5.91) and SIME (-10 sen to RM9.13). Market breadth was negative with 323 gainers as compared to 546 losers.
The KLCI tumbled to 1769.17 points amid overnight retreat in US market. The performance of our local bourse was bogged down by selling interest in heavy weight counters such as Genting, IJM Corporation and Ambank.
Date As of: 25 August 2017
Description Volume Value Frequency
ETF 872,700 87,875,600 28
Stock 9,690,511,689 4,996,708,432,739 288,377
Warrant 140,580,800 11,913,307,700 5,883
Total 9,831,965,189 5,008,709,616,039 294,288
As of 25August 2017 Unit: M.Baht
Type Buy Sell Net
Institution 3,670.57 3,620.19 50.37
Proprietary 3,418.05 3,399.32 18.73
Foreign 11,784.77 12,221.29 -436.51
Individual 13,129.90 12,762.49 367.41
Total Trading Value 32,003.29 M.Baht
SE Asia Stocks-Tepid; all eyes on central bankers' meet
Southeast Asian stock markets were sluggish on Friday as investors waited for directions on monetary policy from a meeting of top central bankers in the United States, with any hawkish comments likely to prompt selling of regional equities.
The world's top central bankers are meeting in Jackson Hole, Wyoming, with concerns over the significance of a recent slide in inflation renewing questions about whether a global tightening of monetary policy can proceed.
Both U.S. Federal Reserve Chair Janet Yellen and European Central Bank President Mario Draghi are not expected to deliver any fresh policy messages in the conference.
"We believe Yellen is unlikely to rock the boat, but because valuations and price are reaching historical highs, I think the market is taking a conservative approach in making investment decisions," said Taye Shim, head of research at Jakarta-based Mirae Asset Sekuritas.
In Southeast Asia, Malaysian stocks .KLSE hit a two-week closing low as disappointing earnings from sector heavyweights dragged down the benchmark index. It lost about 0.4 percent on week.
Sime Darby Bhd SIME.KL , the world's largest oil palm planter by land size, closed at its lowest in more than five
months after fourth-quarter profit more than halved.
Resort operator Genting Malaysia Bhd GENM.KL closed 4.3 percent lower after its second-quarter profit fell more than 50 percent.
Singapore .STI ended 0.4 percent lower, hurt by financials and real estate stocks.
United Overseas Bank Ltd UOBH.SI ended down 0.7 percent, while Ascendas Real Estate Investment Trust AEMN.SI closed at its lowest in more than one month.
The index however posted a marginal weekly gain.
The Indonesian index .JKSE closed at a record high, on strength in industrials and consumer staples. It rose about 0.4
percent this week.
Unilever Indonesia UNVR.JK ended at a record high, while hotelier Plaza Indonesia Realty PLIN.JK closed up 12.2
Indonesia's central bank unexpectedly cut its benchmark policy rate earlier this week, and said it expects the rupiah to
remain stable and rupiah-denominated assets to continue to be attractive.
"Following the rate cut...markets have been positive now that the central bank and the president have a synchronised
growth agenda," said Taye Shim of Mirae Asset Sekuritas. "But on the other hand, markets will have to embrace the fact that foreign exchange volatility is going to be a little more elevated."
An index of the country's 45 most liquid stocks .JKLQ45 ended 0.5 percent higher.
SOUTHEAST ASIAN STOCK MARKETS
Market Current previous Pct Move
Singapore 3259.57 3272.16 -0.38
Bangkok 1575.85 1575.96 -0.01
Manila 8015.14 8004.93 0.13
Jakarta 5915.363 5894.117 0.36
Kuala Lumpur 1769.17 1775.5 -0.36
Ho Chi Minh 771.63 769.77 0.24