ASEAN KEY DESTINATIONS
6 August 2014
The Straits Times Index (STI) ended -7.44 points lower or -0.22% to 3320.23, taking the year-to-date performance to +4.91%.
The FTSE ST Mid Cap Index declined -0.39% while the FTSE ST Small Cap Index declined -0.47%. The top active stocks were OCBC Bank (+1.41%), Global Logistic (-2.87%), DBS (+0.27%), UOB (-0.88%) and SingTel (+0.26%).
The outperforming sectors today were represented by the FTSE ST Telecommunications Index (+0.13%). The two biggest stocks of the FTSE ST Telecommunications Index are SingTel (+0.26%) and StarHub (-1.18%). The underperforming sector was the FTSE ST Basic Materials Index, which declined -2.49% with Midas Holdings’ share price declining -2.30% and Geo Energy Resources’ share price declining -1.85%. The FTSE ST Consumer Services Index declined -0.83%. The FTSE ST Real Estate Index declined -0.92%. The FTSE ST Utilities Index declined -0.64%.
The three most active Exchange Traded Funds (ETFs) by value today were the IS MSCI India (-0.95%), DBXT MSCI Indonesia ETF 10 (-2.00%), SPDR Straits Times Index ETF (+1.81%).
The three most active Real Estate Investment Trusts (REITs) by value were CapitaCommercial Trust (-1.19%), CapitaMall Trust (unchanged), Suntec REIT (+0.57%).
The most active index warrants by value today were HSI24000MBePW140929 (+8.05%), HSI24400MBeCW140828 (-9.17%), HSI24800MBeCW140929 (-5.88%).
The most active stock warrants by value today were DBS MB eCW141001 (+1.19%), KepCorp MBeCW141201 (-5.93%), OCBC Bk MBeCW150302 (+5.75%).
Singapore Stock Market
*ST Index 3,306.17 -14.06 3,320.23 -7.44
Volume: 856.2M 1,451.9M
Value: $477.8M $1,018.8M
Gainers/Losers: 133/213 136/314
Daily Market Commentary (Securities)
6 Aug 2014
The FBM KLCI index lost 6.77 points or 0.36% on Wednesday. The Finance Index fell 0.36% to 17384.18 points, the Properties Index dropped 0.09% to 1508.49 points and the Plantation Index down 0.09% to 8953.05 points. The market traded within a range of 5.53 points between an intra-day high of 1875.00 and a low of 1869.47 during the session.
Actively traded stocks include MAS, SUMATEC, TALAMT, UTOPIA, ZELAN, AT, TMS, AT-WA, MINETEC and PDZ. Trading volume decreased to 2770.00 mil shares worth RM2099.63 mil as compared to Tuesday’s 2888.74 mil shares worth RM2160.16 mil.
Leading Movers were MISC (+5 sen to RM6.73), ASTRO (+2 sen to RM3.31), IOICORP (+1 sen to RM5.00), and GENTING (+1 sen to RM9.94). Lagging Movers were GENM (-7 sen to RM4.28), MAXIS (-10 sen to RM6.58), CIMB (-8 sen to RM6.97), PPB (-14 sen to RM14.78) and HLFG (-14 sen to RM17.50). Market breadth was negative with 346 gainers as compared to 493 losers.
The KLCI closed lower at 1869.92 (-6.77) points amid the overnight losses in Wall Street. Meanwhile, investor’s appetite hampered due to the rising tensions over Ukraine despite of upbeat US economic data that record better performance in service-sector activity.
JCI down 1% at close
The Jakarta Composite Index (JCI) closed on Wednesday on a negative note, falling by 1 percent to 5,058.23.
Indonesia Stock Exchange (IDX) data showed that 202 stocks weakened on Wednesday, while 97 stocks strengthened and 75 stocks remained unchanged, kontan.co.id reported.
The volume of transactions involved 4.61 billion shares worth Rp 9.75 trillion (US$829.69 million).
The only sector that showed a positive trend was agriculture with a 0.88 percent increase.
Shares in nine out of 10 sectors weakened, with miscellaneous industries experiencing the biggest decrease of 1.86 percent.
The biggest losers on the LQ45 index were PT Surya Citra Media, PT Perusahaan Gas Negara and PT Tower Bersama Infrastructure, while the index’s top gainers were PT Bank Tabungan Negara, PT Indo Tambangraya and PT Alam Sutera Realty.
Date As of: Wednesday, August 06, 2014
Description Volume Value Frequency
ETF 19,900 14,781,900 175
Stock 4,646,090,649 9,980,494,951,520 205,671
Right 24,271,100 91,283,200 42
Warrant 51,685,900 2,975,964,800 2,729
Total 4,722,067,549 9,983,576,981,420 208,617
As of 6 August 2014 Unit: M.Baht
Type Buy Sell Net
Institution 4,678.59 5,117.75 -439.15
Proprietary 4,922.39 5,216.54 -294.15
Foreign 8,340.35 7,292.01 1,048.34
Individual 31,975.37 32,290.41 -315.03
Total Trading Value 49,916.70 M.Baht
Vietnam index dips 0.2 pct, KDC up on Q3 sale hopes
Vietnam's benchmark VN Index dipped 0.17 percent at close on Wednesday, erasing earlier gains that had boosted the market near a five-year high.
PetroVietNam Gas , Vietnam's largest listed firm, closed down 0.85 percent, off the record high intra-day level of 118,000 dong ($5.57) hit in early trade, Reuters data showed.
Confectionery firm Kinh Do Corp outperformed the market, closing up 3.57 percent at 58,000 dong each, with 606,620 shares traded, the highest volume since November 2012.
"Investors expect revenues of Kinh Do to jump in the third quarter thanks to mooncake sales during the mid-autumn festival," said analyst Do Quang Hop of Saigon-Hanoi Securities.
The festival falls on Sept. 8 this year and sales of mooncake, a traditional bakery product that has now been increasingly used as gifts, are under way in major cities across the country.
Kinh Do may also gain on market talks that a foreign fund has agreed to buy KDC shares at 80,000 dong, a senior analyst said, well above its Wednesday close.
Here is a snapshot of the VN Index at the close
VN Index 606.7
PREV. CLOSE 607.73
% CHANGE -0.17%
SE Asia Stocks - Indonesia falls for 2nd day, foreign investors sell
Stocks in Indonesia underperformed in Southeast Asia on Wednesday amid outflows and losses in large caps and Thai shares retreated from a more than one-week high on the previous session as shares of CP All fell before it reported quarterly earnings.
Selling in large cap Bank Rakyat Indonesia and Astra International sent the benchmark Jakarta SE Composite Index 1 percent lower, its second consecutive day of fall.
Foreign investors offloaded shares worth a net 1.2 trillion rupiah ($102.17 million), a second straight day, stock exchange data showed.
Thai SET index edged down 0.4 percent, led down by a 1.1 percent drop in shares of CP All. The country's largest convenience store chain reported a 15 percent drop in quarterly net profit after the market close.
SOUTHEAST ASIAN STOCK MARKETS
Market Current Prev Close Pct Move
TR SE Asia Index* 437.95 441.66 -0.84
Singapore 3320.23 3327.67 -0.22
Kuala Lumpur 1869.92 1876.69 -0.36
Bangkok 1522.41 1528.98 -0.43
Jakarta 5058.23 5109.09 -1.00
Manila 6948.97 6974.00 -0.36
Ho Chi Minh 606.70 607.73 -0.17
Stocks stabilize; Molson Coors jumps on earnings
U.S. stocks stabilized on Wednesday after energy stocks and earnings from a major beer brewer helped the market stem its recent declines.
The stock market ended the day little changed after a sizable drop a day earlier, when Russia massed troops near its border with Ukraine.
Molson Coors was the biggest gainer in the Standard & Poor's 500 index after the company reported better-than-forecast earnings. Rupert Murdoch's 21st Century Fox rose after the company said it was dropping a bid to acquire Time Warner.
The stock market has become more volatile in recent weeks and last month slumped to its first monthly decline since January. Investors are weighing signs that the U.S. economy is strengthening against the threat of an escalating conflict in Ukraine, as well as the prospect of the Federal Reserve raising its benchmark interest rate.
"On the one hand the U.S. economy is really starting to look good, but on the other hand the markets are certainly jittery about what's going on in Ukraine and Russia," said Anastasia Amoroso, Global Markets Strategist at J.P. Morgan Funds.
The S&P 500 rose a fraction of a point, or less than 0.1 percent, to 1,920.24. The index lost 18 points, or 1 percent, on Tuesday. The index is still up on the year, but has dropped 3.5 percent from its record close set July 24.
The Dow Jones industrial average rose 13.87 points, or 0.1 percent, to 16,443.34. The Nasdaq composite rose 2.2 points, or 0.1 percent, to 4,355.05.
Molson Coors rose $3.87, or 5.8 percent, to $71.08 after the company said its second-quarter profit rose 9 percent as better pricing offset a global decline in the volume of beer sales.
As well as watching earnings, investors were looking at two merger bids that unraveled.
Sprint plunged $1.38, or 19 percent, to $5.90 after the company said it was abandoning its pursuit of T-Mobile US. Sprint would have struggled to convince regulators to approve a merger of the No. 3 and No. 4 cellphone carriers in the nation, according to The Wall Street Journal. Sprint is also replacing its longtime CEO.
Time Warner fell $10.95, or 12.9 percent, to $74.24 after Rupert Murdoch's 21st Century Fox said it was dropping its attempt to take over the company. The deal would have combined two of the world's biggest media conglomerates. 21st Century Fox rose $1.03, or 3.3 percent, to $32.33.
U.S. government bond prices rose. The yield on the 10-year Treasury note declined to 2.47 percent from 2.48 percent on Tuesday. In commodities trading, gold rose $22.90, or 1.8 percent, to $1,308.20 an ounce. Silver rose 19 cents, or 1 percent, to $20.02 an ounce.