ASEAN KEY DESTINATIONS
30 August 2016
The Straits Times Index (STI) ended 3.98 points or 0.14% higher to 2833.41, taking the year-to-date performance to -1.71%.
The top active stocks today were Singtel, which declined 0.49%, DBS, which gained 0.13%, UOB, which declined 0.11%, OCBC Bank, which declined 0.12% and Keppel Corp, with a 0.76% fall.
The FTSE ST Mid Cap Index gained 0.14%, while the FTSE ST Small Cap Index declined 0.07%.
The outperforming sectors today were represented by the FTSE ST Technology Index, which rose 1.97%. The two biggest stocks of the Index - Silverlake Axis and CSE Global- ended 2.48% higher and 2.35% higher respectively.
The underperforming sector was the FTSE ST Telecommunications Index, which slipped 0.39%. Singtel shares declined 0.49% and StarHub declined 1.08%.
The three most active Exchange Traded Funds (ETFs) by value today were:
IS MSCI India (+2.37%)
STI ETF (unchanged)
DBXT MSCI Asia Ex Japan ETF (unchanged)
The three most active Real Estate Investment Trusts (REITs) by value were:
Ascendas REIT (+0.41%)
CapitaLand Mall Trust (+1.42%)
Mapletree Log Trust (+0.47%)
The most active index warrants by value today were:
The most active stock warrants by value today were:
DBS MB eCW170201 (+0.90%)
DBS MB ePW170201 (-0.94%)
SGX VT eCW161212 (+5.46%)
Singapore Stock Market
*ST Index 2,825.85 -2.54 2,828.39 -1.04
Volume: 427.6M 1,033.8M
Value: $400.5M $678.1M
Gainers/Losers: 134/182 189/181
Daily Market Commentary (Securities)
30 August 2016
The FBM KLCI index lost 3.54 points or 0.21% on Tuesday. The Finance Index fell 0.21% to 14428.02 points, the Properties Index up 0.23% to 1200.71 points and the Plantation Index rose 0.64% to 7836.84 points. The market traded within a range of 12.27 points between an intra-day high of 1688.00 and a low of 1675.73 during the session.
Actively traded stocks include M3TECH-WA, M3TECH, MYEG-CX, AAX, SKPETRO, DBE, FGV-C15, FGV, XDL and VIVOCOM. Trading volume increased to 1997.06 mil shares worth RM2263.66 mil as compared to Monday’s 1486.82 mil shares worth RM1432.32 mil.
Leading Movers were ASTRO (+7 sen to RM2.95), WPRTS (+10 sen to RM4.45), RHBBANK (+7 sen to RM5.00), PETDAG (+24 sen to RM23.40) and PPB (+10 sen to RM16.08). Lagging Movers were SKPETRO (-6 sen to RM1.58), GENTING (-20 sen to RM7.80), YTL (-2 sen to RM1.68), BAT (-54 sen to RM49.22) and MAYBANK (-8 sen to RM7.82). Market breadth was negative with 409 gainers as compared to 419 losers.
The KLCI inched down 3.54 points to 1678.06 points despite overnight gains in US market. Market sentiment remained subdued as lack of fresh lead.
Date As of: Tuesday, August 30, 2016
Description Volume Value Frequency
ETF 3,600 2,343,800 23
Stock 7,876,919,238 7,840,988,446,236 276,678
Warrant 11,682,000 2,519,047,500 143
Total 7,888,604,838 7,843,509,837,536 276,844
As of 31 August 2016 Unit: M.Baht
Type Buy Sell Net
Institution 4,018.98 4,289.16 -270.17
Proprietary 4,665.82 4,723.80 -57.97
Foreign 13,213.82 12,474.19 739.63
Individual 23,733.14 24,144.62 -411.48
Total Trading Value 45,631.76 M.Baht
SE Asia Stocks-Tepid as investors await US data for hints on Fed rate hike
Most Southeast Asian stock markets closed lower on Tuesday as investors continued to digest hawkish comments from U.S. Federal Reserve officials last week.
Fed Chair Janet Yellen said on Friday the case for a rate hike was strengthening, but provided little detail on when it would next move.
Traders now await the August payrolls report due on Friday, which is likely to miss expectations, for further clues on the U.S. economy.
"There is a good chance that the rate hike will happen in December, rather than in September," said Mikey Macainag, an analyst with Philippines-based Sunsecurities Inc.
But if the U.S. payrolls data is good, we can expect the rate hike in September... There is going to be a continuation of
this bull market."
Philippine shares .PSI fell for a fifth consecutive session, led by telcos including sector heavyweight PLDT Inc TEL.PS .
With most of the catalysts like earnings and GDP numbers already out and the absence of any market-stealing development, stocks are in a correction phase, said Manny Cruz, an analyst with Asiasec Equities Inc in Manila.
Vietnam shares .VNI extended gains into a third straight session, helped by energy stocks including Petrovietnam Gas Joint Stock Corp GAS.HM as global crude prices rose on production suspensions in the U.S. Gulf due to an expected tropical storm and speculation that producers meeting in Algeria next month will act to prop up prices.
Thai shares .SETI eked out marginal gains, shrugging off disappointing July manufacturing output data.
Asian shares outside Japan .MIAPJ0000PUS gained 0.6 percent, recovering around half of Monday's loss.
SOUTHEAST ASIAN STOCK MARKETS
Market Current Previous close Pct Move
Singapore 2828.39 2829.43 -0.04
Bangkok 1546.13 1544.15 0.13
Manila 7794.93 7845.49 -0.64
Jakarta 5362.316 5370.764 -0.16
Kuala Lumpur 1678.06 1681.6 -0.21
Ho Chi Minh 672.67 669.44 0.48
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.