ASEAN KEY DESTINATIONS
11 December 2014
The Straits Times Index (STI) ended -7.11 points lower or -0.21% to 3318.70, taking the year-to-date performance to +4.86%.
The FTSE ST Mid Cap Index declined -0.42% while the FTSE ST Small Cap Index declined -0.35%. The top active stocks were SingTel (+1.27%), DBS (-1.00%), Keppel Corp (-1.56%), UOB (-0.53%) and OCBC Bank (+0.48%).
The outperforming sectors today were represented by the FTSE ST Telecommunications Index (+1.14%). The two biggest stocks of the FTSE ST Telecommunications Index are SingTel (+1.27%) and StarHub (-0.49%). The underperforming sector was the FTSE ST Oil & Gas Index, which declined -1.38% with Keppel Corp’s share price declining -1.56% and Sembcorp Industries’ share price declining -1.15%.
The three most active Exchange Traded Funds (ETFs) by value today were the SPDR Gold Shares (-0.62%), STI ETF (unchanged), DBXT CSI300 ETF (-1.64%).
The three most active Real Estate Investment Trusts (REITs) by value were CapitaMall Trust (-0.25%), Suntec REIT (-1.55%), Ascendas REIT (-0.42%).
The most active index warrants by value today were HSI23200MBePW150129 (+12.39%), HSI24000MBeCW150129 (-7.27%), HSI23000MBePW141230 (+22.22%).
Singapore Stock Market
*ST Index 3,318.7 -7.11 3,325.81 +5.97
Volume: 1,089.7M 1,198.7M
Value: $1,014M $1,105.8M
Gainers/Losers: 132/234 247/172
Daily Market Commentary (Securities)
11 Dec 2014
The FBM KLCI lost 20.95 points or 1.19% on Thursday. The Finance Index fell 0.78% to 15494.4 points, the Properties Index dropped 1.48% to 1298.63 points and the Plantation Index down 1.70% to 7815.21 points. The market traded within a range of 14.84 points between an intra-day high of 1757.19 and a low of 1742.35 during the session.
Actively traded stocks include EATECH, MINETEC, KNM, PERISAI, HSI-CJ, SKPETRO, FBMKLCI-HG, GLOTEC, TIGER and SUMATEC. Trading volume increased to 1226.91 mil shares worth RM1502.06 mil as compared to Wednesday’s 1212.84 mil shares worth RM1605.90 mil.
Leading Movers were MISC (+21 sen to RM7.23), AXIATA (+6 sen to RM6.98) and ASTRO (+1 sen to RM3.33). Lagging Movers were PETDAG (-102 sen to RM16.70), FGV (-11 sen to RM2.75), PETCHEM (-18 sen to RM5.07), MAXIS (-23 sen to RM6.65) and IOICORP (-15 sen to RM4.58). Market breadth was negative with 178 gainers as compared to 626 losers.
The KLCI closed lower at 1744.57 points after the surge on yesterday, as investors were taking profit. The lacklustre performance of our local bourse was in line with Asian and U.S. markets, following price of crude fell to a new five-year low and the Organization of Petroleum Exporting Countries cut its demand outlook for next year. Meanwhile, E.A. Technique made an unimpressive debut on Bursa Malaysia by losing 25.38% at the closing bell.
Date As of: 11 December 2014
Description Volume Value Frequency
ETF 100 53,000 01
Stock 6,265,970,457 5,460,695,701,695 243,854
Right 217,670,400 389,614,100 1,164
Warrant 23,211,864 2,073,497,598 967
Total 6,506,852,821 5,463,158,866,393 245,986
As of 11 December 2014 Unit: M.Baht
Type Buy Sell Net
Institution 6,047.66 9,115.59 -3,067.93
Proprietary 7,426.90 9,605.39 -2,178.49
Foreign 15,144.37 18,527.31 -3,382.94
Individual 53,115.59 44,486.22 8,629.37
Total Trading Value 81,734.52 M.Baht
Vietnam index near 7-mth low, energy stocks slip
Vietnam's benchmark VN Index ended down 1.27 percent at 550.11 points on Thursday, the lowest since May 26, as offloads in energy shares extended and margin call pressured selling.
Energy-related equities shared losses with regional peers as investors cut positions amid tumbling global oil price that has been hovering around its five-year low, while OPEC on Wednesday cut its 2015 demand forecast to the lowest level in more than a decade.
PetroVietNam Gas, Vietnam's biggest listed firm that accounts for a fifth of the market value, fell 4.05 percent, having lost nearly 30 percent over the past two weeks since OPEC decided not to curb output to support prices.
Petrovietnam Drilling & Well Services Corp , another subsidiary of state oil and gas group Petrovietnam, failed to repeat a dramatic rebound in the previous session, dropping 3.7 percent to a 10-month low.
Cautious trading dragged volume to 95.7 million, the lowest level since Nov. 6, while only two banks managed to advance after Moody's Investors Service upgraded the outlook for Vietnam's banking system to stable from negative.
Hanoi-based lender BIDV rose 0.77 percent, and Military Bank advanced 1.55 percent.
Here is a snapshot of the VN Index at the close
VN Index 550.11
PREV. CLOSE 557.19
% CHANGE -1.27%
SE Asia Stocks -Thai index down on energy shares; Indonesia falls before rate decision
Thai shares suffered the worst drop in almost a year on Thursday as investors offloaded shares of large cap energy firms amid a tumble in global oil prices, while other regional markets retreated after rebounding in the previous session.
The SET index ended down 2.1 percent, its biggest single-day fall since January. Shares of PTT and PTT Exploration and Production , making about 10 percent of the index, slipped 3.5 percent and 5.7 percent, respectively.
The heavy losses came as retail investors sold shares held in margin accounts while there was also active short-selling among foreign and institutional investors, said an equities trader in Bangkok.
"The direction of the crude oil market remains uncertain and the selloff today was a bit of a capitulation. Tomorrow, we can expect to see a technical rebound, given the selling today is quite overdone," the trader said.
The Thai bourse said foreign investors sold shares worth a net 3.4 billion baht ($103.60 million).
Oil edged higher on Thursday towards $65 a barrel, helped by a weaker U.S. dollar, although prices remained close to a five-year low on signs that already ample supply will be even more plentiful in 2015.
Kuala Lumpur's composite index slid 1.2 percent after Wednesday's 1.6 percent rise, led down by shares of Petronas Dagangan.
Singapore's Straits Times Index eversed its previous day's gain, with shares of Keppel Corp among the top losers.
Indonesian shares ended a tad lower amid weakness in interest rate-sensitive stocks such as Bank Rakyat Indonesia and Bank Mandiri ahead of the central bank's interest rate decision, which came after the closing bell.
ndonesia's central bank kept its policy rate at 7.75 percent as expected on Thursday, saying the level is consistent with efforts to keep inflation under control after a fuel price hike.
SOUTHEAST ASIAN STOCK MARKETS
Market Current Prev Close Pct Move
Singapore 3318.70 3325.81 -0.21
Kuala Lumpur 1744.57 1765.52 -1.19
Bangkok 1526.81 1559.56 -2.10
Jakarta 5152.69 5165.41 -0.25
Manila 7072.10 7175.08 -1.44
Ho Chi Minh 550.11 557.19 -1.27