ASEAN KEY DESTINATIONS
28 August 2013
The Straits Times Index (STI) ended 29.84 points lower or -0.98% to 3,004.18, taking the year-to-date performance to -5.14%.
The FTSE ST Mid Cap Index declined -0.68% while the FTSE ST Small Cap Index declined -0.92%. The top active stocks were Mirach Energy (-8.33%), DBS (-0.94%), SingTel (-0.57%), Capitaland (-2.33%) and UOB (-0.05%).
The outperforming sectors today were represented by the FTSE ST Technology Index (-0.08%). The two biggest stocks of the FTSE ST Technology Index are LionGold Corporation (+0.59%) and STATS ChipPAC (-1.54%). The underperforming sector was the FTSE ST Real Estate Holding and Development Index, which declined -2.07% with Hong Kong Land Holdings’ share price declining -2.83%, and Capitaland’s share price declining -2.33%. The FTSE ST Health Care Index declined -1.18% while the FTSE ST Industrials Index declined -0.61%.
The three most active Exchange Traded Funds (ETFs) by value today were the SPDR Gold Shares (+1.23%), CIMB FT Asean 40 100 S$ (+0.08%) and STI ETF (-0.98%).
The three most active Real Estate Investment Trusts (REITs) by value were CapitaMall (-0.80%), Ascendas REIT (unchanged), and Keppel REIT (unchanged).
The most active index warrants by value today were HSI21600MBeCW130927 (-26.72%), HSI22000MBePW130927 (+14.73%) and HSI21400MBePW130927 (+30.00%).
The most active stock warrants by value today were DBS MB eCW131105 (-5.41%), UOB MB eCW131101 (-1.44%) and KepCorp MBeCW131101 (-6.19%).
28 Aug 2013
The FBM KLCI index lost 15.07 points or 0.89% on Wednesday. The Finance Index fell 1.52% to 15786.46 points, the Properties Index dropped 1.56% to 1230.13 points and the Plantation Index down 1.15% to 8049.08 points. The market traded within a range of 29.29 points between an intra-day high of 1689.68 and a low of 1660.39 during the session.
Actively traded stocks include MAS, SONA-WA, DAYA, UEMS, THHEAVY, CLIQ-WA, CIMB, SONA, INSTACO and SKPETRO. Trading volume increased to 2242.84 mil shares worth RM3373.42 mil as compared to Tuesday’s 1503.91 mil shares worth RM1757.16 mil.
Leading Movers were RHBCAP (+17 sen to RM7.38), SKPETRO (+13 sen to RM3.37), AXIATA (+12 sen to RM6.60), ASTRO (+7 sen to RM2.90) and MISC (+6 sen to RM4.61). Lagging Movers were BAT (-60 sen to RM61.00), PETDAG (-56 sen to RM26.04), UMW (-38 sen to RM12.12), HLFG (-38 sen to RM13.84) and PPB (-34 sen to RM13.20). Market breadth was negative with 265 gainers as compared to 631 losers.
The local bourse remained in the red, stood below the 1,700-level and closed at 1686.17, down by 15.07 points. We reckon the local market will continue to be in a flaccid manner as investors are still concerned over Syria and also potential tapering of stimulus measure by the US Federal Reserve.
Date As of: 27 August 2013
Description Volume Value Frequency
ETF 61,000 28,929,500 54
Stock 5,587,899,604 5,663,979,436,230 148,577
Warrant 71,065,750 2,448,022,500 1,128
Total 5,659,026,354 5,666,456,388,230 149,759
As of 28 Aug 2013 Unit: M.Baht
Type Buy Sell Net
Institution 5,055.94 7,834.52 -2,778.58
Proprietary 10,955.74 8,460.22 2,495.52
Foreign 11,671.29 14,726.95 -3,055.65
Individual 26,005.72 22,667.02 3,338.70
Total Trading Value 53,688.70 M.Baht
Vietnam's benchmark VN Index fell 2.5 percent on Wednesday to post its biggest loss in two months as traders sold off shares and sought other investment options on concerns about gloomy global markets.
The index closed at 473.30 points, the biggest fall since June 25. All but one of the top 30 big-cap stocks ended down, with dairy maker Vinamilk sliding 4.3 percent to 133,000 dong ($6.3) a share, a low of almost two months.
Top insurer BaoViet Holdings sank 6.3 percent to 35,600 dong each, its lowest value this year, while state energy firm PetroVietnam Gas dropped 3 percent and VietcomBanklost 2 percent.
"Investors sold equity and started to buy gold as they're concerned over possible U.S.-led military action in Syria, especially foreign investors," said Nguyen Anh Tuan of FLC Securities.
Vietnamese investors often turn to the popular safe haven of gold when stocks and bonds are unfavourable. The selling price of country's benchmark SJC branded gold was 38.8 million dong per tael on Wednesday, a high of more than one month.
Trade volume was 69.3 million shares, 2.5 times higher than the previous day's level. With some stocks cheap, there was potential for some bargain hunting ahead, Tuan added.
Here is a snapshot of the VN Index
VN Index 473.3
PREV. CLOSE 485.57
% CHANGE -2.53%
Indonesian shares gained 1.5 percent on Wednesday, rebounding from an oversold territory amid late buying in state-backed companies such as Telkomunikasi Indonesia. But other markets in Southeast Asia fell amid a persistent weakness in local currencies on jitters over possible Western military action against Syria.
Jakarta's Composite Index reversed four sessions of losses, which had taken it into a bear market territory. It closed at 4,026.47 after technical-led buying near the 3,800 key support.
The gain lifted the benchmark from a deeply oversold condition, with its 14-day Relative Strength Index bouncing to 27.27 at the close on Wednesday versus 22.4 on Tuesday. A level of 30 or below indicates the market is oversold.
A handful of shares in state-owned companies rallied amid a share buy-back plan. Shares in Telkomunikasi recouped early loss, rising as much as 17 percent, while property developer Pembangunan Perseroan surged 9 percent on the day.
Across the region, investors are keeping a close tab on policy and economic data, including Indonesia's central bank meeting and Philippine second-quarter GDP growth, both due on Thursday.
The Philippines' composite index regained some lost ground, ending down 3 percent. It had earlier hit 5,562.13, the lowest since Nov. 26, 2012 amid a fall in the peso against the dollar.
The Thai SET index closed down 1.4 percent after falling more than 2 percent.
Vietnam fell 2.5 percent, and Singapore and Malaysia each lost around 1 percent in line with losses in Asia, with a surge in oil prices as worries about a possible military strike against Syria weighed on oil importing regions.
SOUTHEAST ASIAN STOCK MARKETS
Market Current Prev Close Pct Move
TR SE Asia Index* 370.59 374.61 -1.07
Singapore 3004.18 3034.02 -0.98
Kuala Lumpur 1686.17 1701.24 -0.89
Bangkok 1275.76 1293.97 -1.41
Jakarta 4026.47 3967.84 +1.48
Manila 5738.06 5916.99 -3.02
Ho Chi Minh 473.30 485.57 -2.53
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