ASEAN KEY DESTINATIONS
28 August 2014
The Straits Times Index (STI) ended -11.24 points lower or -0.34% to 3330.22, taking the year-to-date performance to +5.22%.
The FTSE ST Mid Cap Index declined -0.04% while the FTSE ST Small Cap Index declined -0.04%. The top active stocks were Global Logistic (-1.04%), OCBC Bank (-1.00%), SingTel (+0.26%), ThaiBev (+2.24%) and STATS ChipPAC (unchanged).
The outperforming sectors today were represented by the FTSE ST Consumer Goods Index (+0.35%). The two biggest stocks of the FTSE ST Consumer Goods Index are Wilmar International (-0.32%) and Thai Beverage (+2.24%). The underperforming sector was the FTSE ST Real Estate Holding and Development Index, which declined -1.39% with Hongkong Land Holdings’s share price declining -3.00% and Global Logistic Properties’s share price declining -1.04%. The FTSE ST Consumer Services Index declined -0.46%. The FTSE ST Real Estate Index declined -0.59%. The FTSE ST Utilities Index declined -0.25%.
The three most active Exchange Traded Funds (ETFs) by value today were the IS MSCI India (unchanged), DBXT FTSE Vietnam ETF (-1.01%), DBXT MSCI Indonesia ETF (-0.53%).
The three most active Real Estate Investment Trusts (REITs) by value were Ascendas REIT (+0.43%), Suntec REIT (+0.28%), CapitaMall Trust (unchanged).
The most active index warrants by value today were HSI24600MBePW140929 (+12.64%), HSI24800MBeCW140929 (-16.36%), HSI25400MBeCW140929 (-20.00%).
The most active stock warrants by value today were DBS MB eCW150106 (+3.94%), KepCorp MBeCW141201 (-4.39%), OCBC Bk MBeCW150302 (-6.72%).
Singapore Stock Market
*ST Index 3,330.22 -11.24 3,341.46 +18.44
Volume: 1,497.4M 1,652.4M
Value: $1,007.8M $955.4M
Gainers/Losers: 178/226 228/192
Daily Market Commentary (Securities)
28 Aug 2014
The FBM KLCI index gained 3.30 points or 0.18% on Thursday. The Finance Index increased 0.28% to 17505.19 points, the Properties Index dropped 0.37% to 1503.22 points and the Plantation Index rose 0.31% to 8596.58 points. The market traded within a range of 4.69 points between an intra-day high of 1873.17 and a low of 1868.48 during the session.
Actively traded stocks include SANICHI, GLOTEC, SUMATEC, SANICHI-WB, PDZ, IFCAM SC, IFCAM SC-WA, TAKASO, MINETEC and OLYMPIA. Trading volume increased to 3017.53 mil shares worth RM2206.94 mil as compared to Wednesday’s 2636.45 mil shares worth RM2406.72 mil.
Leading Movers were CIMB (+15 sen to RM7.40), PETGAS (+36 sen to RM23.00), FGV (+3 sen to RM3.93), TM (+3 sen to RM6.30) and PETCHEM (+3 sen to RM6.42). Lagging Movers were SKPETRO (-4 sen to RM4.33), PETDAG (-18 sen to RM20.72), MISC (-6 sen to RM6.92), HLBANK (-8 sen to RM14.38) and GENM (-2 sen to RM4.65). Market breadth was negative with 275 gainers as compared to 589 losers.
The KLCI closed higher at 1875.68 points, propped up by late buying interest. The KLCI moved sideways amid absence of fresh market leads. Market breadth was negative despite the higher overnight close at Wall Street, as investment sentiment remained cautious.
Date As of: 28 August 2014 Time 16:00:00
Description Volume Value Frequency
ETF 10,600 1,372,300 07
Stock 5,099,742,640 558,320,852,413 229,373
Right 00 00 00
Warrant 79,595,700 3,679,693,600 2,226
Total 5,179,348,940 5,562,001,918,313 231,606
Thai bourse continues to tighten collaboration with GMS exchanges
BANGKOK, August 28, 2014 - The Stock Exchange of Thailand (SET), together with four stock exchanges in Greater Mekong Subregion (GMS) - Cambodia, Hanoi, Hochiminh and Laos -, participated in the second GMS exchanges CEOs meeting 'GMS Focus'. This SET's hosted meeting serves as a platform for closer collaboration among GMS exchanges.
A collaboration of five stock exchanges in GMS has continued after successfully organizing the first GMS Focus last year by initiating the GMS exchange's information center on SET website www.set.or.th/en/gms_exchanges, an integrated single-window view into the GMS capital market featuring market data that contains each market stock quotation together with regional brokers and exchanges' information. It is the first key milestone for the cooperation of the GMS exchanges, bringing new investment opportunities to the region.
Furthermore, the five exchanges also jointly agree to launch the GMS exchanges' information center from each exchange's website. In addition, factsheet of listed companies in each market will be facilitated on the website, reinforcing the exchanges' cooperative effort to promote investment opportunity in the region.
The GMS Exchanges CEOs meeting this year focused on potential areas for cooperation towards the ASEAN Economic Community 2015, including a more efficient implementation of international accounting standard in GMS countries, providing more market information of GMS market in both more market coverage and more details of products from each market and continuously developing capital market education plan for all participant types: corporate, investor, intermediary and regulator in the region. All exchanges also agreed to set up a permanent working group to ensure a continuous development of the regional capital market.
Kesara Manchusree, President of The Stock Exchange of Thailand, said "The GMS exchanges have worked closely since the first meeting, continuing to strengthen connectivity among exchanges in the GMS. The launch of GMS Exchanges' website marks the first key milestone for the strong collaboration of the five exchanges, increasing visibility to regional and international investors. SET agrees to be a partner of the GMS exchanges to jointly develop capital market in the region."
Hong Sok Hour, CEO of Cambodia Securities Exchange, said "the GMS exchanges CEOs meeting is an excellent platform for us to come together and share our ideas towards realizing long-lasting prosperity in the GMS. It significantly marked how closer we are in an integrated world and how crucial for us to remain connected."
Tran Van Dzung, CEO of Hanoi Stock Exchange, said "Collaboration among GMS exchanges will strengthen the Mekong region as a whole. We look forward to GMS exchanges playing a more proactive role in contributing to the capital market development and bridging the development gap in the region in order to move ahead towards the establishment of AEC in 2015."
Phan Thi Tuong Tam, CEO of Hochiminh Stock Exchange, said "It is a good opportunity that we get together in the meeting of the exchanges in GMS. The collaboration among GMS exchanges and related capital market organizations is important in strengthening the Mekong region to move forward together to capture and take advantage of these opportunities in the years to come."
Dethphouvang Moularat, Chairman & CEO of Lao Securities Exchange, said "I'm very happy to attend the 2nd GMS Exchanges CEOs Meeting which is a proactive platform for us to continually share and exchange experiences. LSX has worked with SET for a long time on professional and investor education development and is willing to promote multilateral information sharing on capital market development in the GMS in the near future"
The CEOs of GMS exchanges also participated in Thailand Focus 2014: Reforming for Sustainable Growth, the annual flagship investment seminar in Thailand during August 27 -28, 2014.
As of 28 Aug 2014 Unit: M.Baht
Type Buy Sell Net
Institution 3,968.34 4,263.55 -295.22
Proprietary 3,490.41 3,179.14 311.27
Foreign 7,056.59 7,183.54 -126.94
Individual 29,724.85 29,613.96 110.89
Total Trading Value 44,240.19 M.Baht
Vietnam index ends up 0.5 pct, further gains expected
Vietnam's VN Index rebounded on Thursday as value-buying in recently-beaten-down shares pushed up the market, analysts said.
The index is likely to gain further over the next few sessions, they added.
The benchmark rose 0.52 percent to close at 632.03 points.
Solid buying in shares, especially those that have not gained at the same pace as the market in recent sessions, pulled
the index back up from a slight fall in the previous session.
Vietnamese stocks on Wednesday snapped a five-day gaining streak that had lifted the benchmark to its highest in six-and-a-half years.
Property firm HAGL outperformed with a 5.44 percent rise while technology firm FPT Corp rose 3.64 percent.
The brokerage sector also witnessed much interest. Saigon Securities Incorp closed near a four-month high with a 2.84 percent gain, while Ho Chi Minh City Securities Corp jumped 3.99 percent to 39,100 dong ($1.8), a level unseen since April, Reuters data showed.
"Profit-taking has been taken place in the past sessions, but given the current strong inflow into the market, the index is likely to climb further," said Pham Van Khoa, an analyst at VNDIRECT Securities.
The next resistance level for the index would be at 640 points, he said.
Here is a snapshot of the VN Index at the close
VN Index 632.03
PREV. CLOSE 628.77
% CHANGE 0.52%
SE Asia Stocks -Philippine shares retreat on rate outlook; Thai PTT drops
Southeast Asian stock markets ended mixed on Thursday, with the Philippine index snapping a six-session winning streak amid prospects of higher interest rates after strong GDP data while shares of Thailand's PTT suffered the worst drop in seven months.
The Philippine main index eased 0.8 percent, after a combined 2.2 percent gain in the six days to Wednesday. Domestic investors led sellers while foreign investors bought stocks worth a net 692 million peso ($15.82 million), stock exchange data showed.
Selling hit interest rate sensitive stocks such as banks and property. Among those actively traded, shares of BDO Unibank eased 0.6 percent and Ayala Land slipped 2.7 percent.
The Philippine economy grew at its fastest pace in more than a year in the second quarter even as government spending slowed, strengthening views the central bank will raise interest rates again to curb inflation.
The Thai SET index was down 0.4 percent, retreating from a near 15-month closing high hit on the previous day.
Shares of top energy firm PTT closed down 2.7 percent, their biggest one-day fall since January, after the government said it restructured domestic energy prices to reduce the cost of living, resulting in a reduction in gasoline prices.
Analysts said the military government's plan to reduce the cost of living could imply that an expected increase in domestic gas prices will not happen soon and that could dampen earnings of PTT.
Stocks in Singapore were down 0.3 percent as Asian shares held steady after pulling back from a 6-1/2-year high as the recent rally in risk assets petered out for now.
Stocks in Indonesia rose for a second day as beaten-down shares such as Bank Negara Indonesia further regained lost ground. The market was under selling pressure early in the week amid concerns about a fuel price subsidy.
President-elect Joko Widodo's drive to fast-track an increase in fuel prices, one of his key election pledges, has stumbled after incumbent Susilo Bambang Yudhoyono said the conditions were not right at the moment to cut subsidies.
Vietnam's VN Index rebounded from a fall in the previous session as value-buying in recently-beaten-down shares pushed up the market.
SOUTHEAST ASIAN STOCK MARKETS
Market Current Prev Close Pct Move
TR SE Asia Index* 445.98 447.36 -0.31
Singapore 3330.22 3341.46 -0.34
Kuala Lumpur 1875.68 1872.38 +0.18
Bangkok 1559.05 1564.58 -0.35
Jakarta 5184.48 5165.25 +0.37
Manila 7100.70 7160.46 -0.83
Ho Chi Minh 632.03 628.77 +0.52