ASEAN KEY DESTINATIONS
29 August 2016
The Straits Times Index (STI) ended 28.22 points or 0.99% lower to 2829.43, taking the year-to-date performance to -1.85%.
The top active stocks today were Singtel, which declined 2.37%, UOB, which declined 0.28%, DBS, which declined 0.46%, OCBC Bank, which declined 0.46% and ComfortDelGro, with a 0.35% fall.
The FTSE ST Mid Cap Index declined 0.45%, while the FTSE ST Small Cap Index declined 0.61%.
The outperforming sectors today were represented by the FTSE ST Technology Index, which rose 2.63%. The two biggest stocks of the Index - Silverlake Axis and CSE Global- ended 3.42% higher and unchanged respectively.
The underperforming sector was the FTSE ST Telecommunications Index, which slipped 2.26%. Singtel shares declined 2.37% and StarHub declined 1.07%.
The three most active Exchange Traded Funds (ETFs) by value today were:
iShares USD Asia HY Bond ETF (-0.72%)
SPDR Gold Shares (-0.40%)
IS MSCI India (-0.14%)
The three most active Real Estate Investment Trusts (REITs) by value were:
CapitaLand Mall Trust (-2.32%)
Ascendas REIT (-0.81%)
CapitaLand Commercial Trust (-0.97%)
The most active index warrants by value today were:
The most active stock warrants by value today were:
DBS MB eCW170201 (-7.50%)
UOB MB eCW170201 (-2.27%)
OCBC Bk MBeCW170118 (-4.76%)
Singapore Stock Market
*ST Index 2,829.43 -28.22 2,857.65 -19.28
Volume: 719.2M 591.7M
Value: $733.8M $654.5M
Gainers/Losers: 141/248 134/224
Daily Market Commentary (Securities)
29 August 2016
The FBM KLCI index lost 1.49 points or 0.09% on Monday. The Finance Index increased 0.09% to 14458.66 points, the Properties Index up 0.42% to 1197.99 points and the Plantation Index down 0.26% to 7786.66 points. The market traded within a range of 7.48 points between an intra-day high of 1685.18 and a low of 1677.70 during the session.
Actively traded stocks include AAX, BORNOIL, VIVOCOM, DNEX, THHEAVY, IRIS, ARMADA, DNEX-WD, PERISAI and VIVOCOM-WB. Trading volume decreased to 1486.82 mil shares worth RM1432.32 mil as compared to Friday’s 1492.04 mil shares worth RM1395.74 mil.
Leading Movers were CIMB (+10 sen to RM4.80), GENM (+5 sen to RM4.45), TM (+5 sen to RM6.88), HLFG (+10 sen to RM16.10) and RHBBANK (+3 sen to RM4.93). Lagging Movers were ASTRO (-4 sen to RM2.88), MAYBANK (-10 sen to RM7.90), BAT (-62 sen to RM49.76), TENAGA (-12 sen to RM14.78) and MAXIS (-5 sen to RM6.33). Market breadth was negative with 314 gainers as compared to 513 losers.
The KLCI started the week with a negative note, closed lower at 1681.60 points amid weaker performance in Wall Street on last Friday after Federal Reserve officials fueled bets that the U.S. central bank may lift interest rates as soon as next month.
Date As of: 29 August 2016
Description Volume Value Frequency
ETF 6,500 4,931,300 24
Stock 6,908,084,156 5,951,830,063,942 253,443
Warrant 10,427,200 1,715,379,500 114
Total 6,918,517,856 5,953,550,374,742 253,581
As of 29 August 2016 Unit: M.Baht
Type Buy Sell Net
Institution 3,923.28 6,603.16 -2,679.88
Proprietary 5,147.74 5,262.12 -114.39
Foreign 13,729.34 11,931.67 1,797.67
Individual 28,472.29 27,475.69 996.60
Total Trading Value 51,272.65 M.Baht
SE Asia Stocks-Fall as Fed rate hike signals get louder
Most Southeast Asian stock markets closed lower on Monday after comments from U.S. Federal Reserve Chair Janet Yellen hinting at an interest rate hike weighed on investor sentiment.
At the Fed's annual gathering for global central bankers in Jackson Hole, Wyoming, Yellen said the case for a rate hike has strengthened in recent months as the labour market and economy improved.
While she gave no hints on the timing of a hike, Fed Vice Chair Stanley Fischer said Yellen's speech was consistent with
expectations for possible rate increases this year.
Fischer said the August nonfarm payrolls report due on Friday was likely to be key to the decision over a hike in the near term.
Markets will generally remain cautious before the September meeting, and will also take cues from the U.S. jobs data, said
Ong Kian Lin at RHB Securities Singapore Pte Ltd. ECONUS "The most direct impact of the interest rate hike for
emerging markets is on the local currency versus the dollar," Ong said.
"Once the dollar strengthens, it will impact oil producing countries that rely on the dollar movement for inputs."
Indonesian shares .JKSE underperformed other markets in the region and posted their worst intraday fall in a month before closing down 1.3 percent. Utilities led the fall with Perusahaan Gas Negara (Persero) Tbk PT PGAS.JK declining 4.48
Singapore shares .STI closed down 1 percent, with oil and gas stocks losing ground after global crude prices fell on rising Iraq output and a stronger dollar.
Oil rig builders Keppel Corp KPLM.SI and Sembcorp Industries SCIL.SI were among the biggest losers.
Vietnam shares .VNI ended 0.25 percent higher after rising as much as 1.78 percent earlier in the session to their highest in more than a month.
"We believe that in the coming week, (Vietnam) market is likely to recognise positive correction and cumulation,"
Vietcombank Securities said in a note.
Malaysia .KLSE and Thailand .SETI ended slightly lower, while the Philippine stock market .PSI was closed for a holiday.
SOUTHEAST ASIAN STOCK MARKETS
Market Current Previous close Pct Move
Singapore 2829.43 2857.65 -0.99
Bangkok 1544.15 1549.41 -0.34
Jakarta 5370.764 5438.831 -1.25
Kuala Lumpur 1681.6 1683.09 -0.09
Ho Chi Minh 669.44 667.75 0.25
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.