ASEAN KEY DESTINATIONS
26 August 2016
The Straits Times Index (STI) ended 19.28 points or 0.67% lower to 2857.65, taking the year-to-date performance to -0.87%.
The top active stocks today were Singtel, which declined 1.17%, DBS, which declined 1.11%, ComfortDelGro, which gained 0.71%, Global Logistic, which declined 2.11% and UOB, with a 0.17% fall.
The FTSE ST Mid Cap Index declined 0.43%, while the FTSE ST Small Cap Index declined 0.16%.
The outperforming sectors today were represented by the FTSE ST Industrials Index, which rose 0.25%. The two biggest stocks of the Index - Jardine Matheson Holdings and Jardine Strategic Holdings – ended 0.45% higher and 1.28% higher respectively.
The underperforming sector was the FTSE ST Telecommunications Index, which slipped 1.22%. Singtel shares declined 1.17% and StarHub declined 1.84%.
The three most active Exchange Traded Funds (ETFs) by value today were:
SPDR Gold Shares ETF (-0.10%)
DBXT MSCI Thailand TRN ETF (-0.15%)
STI ETF (-0.69%)
The three most active Real Estate Investment Trusts (REITs) by value were:
Ascendas REIT (+0.41%)
CapitaLand Mall Trust (-0.92%)
CapitaLand Commercial Trust (-0.32%)
The most active index warrants by value today were:
The most active stock warrants by value today were:
DBS MB eCW170201 (-5.51%)
DBS MB ePW170201 (+5.10%)
UOB MB eCW170201 (-3.30%)
Singapore Stock Market
*ST Index 2,857.65 -19.28 2,876.93 +7.36
Volume: 591.7M 713.1M
Value: $654.5M $717.7M
Gainers/Losers: 134/224 169/211
Daily Market Commentary (Securities)
26 August 2016
The FBM KLCI index gained 2.79 points or 0.17% on Friday. The Finance Index increased 0.21% to 14446.27 points, the Properties Index up 0.16% to 1193.02 points and the Plantation Index rose 0.14% to 7806.67 points. The market traded within a range of 9.51 points between an intra-day high of 1683.38 and a low of 1673.87 during the session.
Actively traded stocks include AAX, DNEX, SGB-PA, VIVOCOM, AAX-CX, CENSOF, AIRASIA, VIVOCOM-WB, REACH-WA and DNEX-WD. Trading volume decreased to 1492.04 mil shares worth RM1395.74 mil as compared to Thursday’s 1741.01 mil shares worth RM1890.32 mil.
Leading Movers were SKPETRO (+4 sen to RM1.64), GENM (+10 sen to RM4.40), MAYBANK (+10 sen to RM8.00), TENAGA (+16 sen to RM14.90) and BAT (+54 sen to RM50.38). Lagging Movers were GENTING (-18 sen to RM8.03), IHH (-13 sen to RM6.52), RHBBANK (-8 sen to RM4.90), PPB (-12 sen to RM16.02) and PETDAG (-0 sen to RM23.22). Market breadth was positive with 441 gainers as compared to 360 losers.
The KLCI notched up and closed higher at 1683.09 points despite overnight losses in Wall Street. The performance of our local bourse was lifted by buying interest in heavy weights counters like Sapurekencana, Genting Malaysian and Maybank.
Date As of: 26 August 2016
Description Volume Value Frequency
ETF 10,000 6,037,700 08
Stock 7,165,844,483 5,358,308,546,962 234,508
Right 2,800 2,711,000 06
Warrant 3,631,300 139,704,800 153
Total 7,169,488,583 5,358,457,000,462 234,675
As of 26 August 2016 Unit: M.Baht
Type Buy Sell Net
Institution 4,632.48 3,728.49 903.99
Proprietary 5,154.88 5,449.99 -295.11
Foreign 13,841.25 14,593.19 -751.94
Individual 24,379.02 24,235.96 143.06
Total Trading Value 48,007.63 M.Baht
SE Asia Stocks-Wary before Fed Chair Yellen's speech; Vietnam up
Most Southeast Asian stock markets trod cautiously on Friday as investors waited for signals on the future trajectory of U.S. interest rates from Federal Reserve Chair Janet Yellen in her speech later in the day.
Recent strong readings on the U.S. labor market, and signs that inflation was finally beginning to pick up, are encouraging
some policymakers to believe that rates should be raised, if not as soon as September's policy meeting then at least before the
end of the year.
Traders currently put chances of a December rate hike at about 42 percent.
Several policymakers have said raising interest rates gradually would allow them to stimulate the economy for longer, but that an overheating economy could end in a recession.
Singapore shares .STI fell 0.7 percent, snapping three sessions of gains, with telecoms such as StarHub Ltd STAR.SI dragging the index down. For the week, they posted a gain of 0.5 percent.
Singapore's industrial production in July shrank from a year earlier, with manufacturing output falling 3.6 percent, data from the Singapore Economic Development Board showed. The median forecast in a Reuters survey was a rise of 0.9 percent.
Philippine shares .PSI closed marginally lower, posting their fourth straight session of losses, led by telecoms including Globe Telecom Inc GLO.PS . They declined 1.1 percent this week, their third straight weekly loss.
Investors took a cautious stance ahead of Yellen's speech, looking for indications of a rate hike, SB Equities said in a note, adding that "trading participants have increased chatter on a potential surprise in tonight's speech."
Vietnam shares .VNI ended 1.4 percent higher with index heavyweight Vietcombank VCB.HM gaining 6.5 percent after the company said it would pay a 10 percent cash dividend and 35 percent share dividend to shareholders.
They added 0.8 percent for the week, their third straight weekly gain.
SOUTHEAST ASIAN STOCK MARKETS
Market Current Prev close Pct Move
Singapore 2857.65 2876.93 -0.67
Bangkok 1549.41 1544.1 0.34
Manila 7845.49 7854.54 -0.12
Jakarta 5438.831 5454.116 -0.28
Kuala Lumpur 1683.09 1680.3 0.17
Ho Chi Minh 667.75 658.5 1.40
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.