ASEAN KEY DESTINATIONS
12 December 2014
The Straits Times Index (STI) ended +5.43 points higher or +0.16% to 3324.13, taking the year-to-date performance to +5.03%.
The FTSE ST Mid Cap Index gained +0.07% while the FTSE ST Small Cap Index gained +0.24%. The top active stocks were DBS (+1.52%), Keppel DC Reit (unchanged), SingTel (+0.25%), Keppel Corp (-1.34%) and Global Logistic (+0.79%).
The outperforming sectors today were represented by the FTSE ST Utilities Index (+1.01%). The two biggest stocks of the FTSE ST Utilities Index are United Envirotech (-0.31%) and Hyflux (-1.91%). The underperforming sector was the FTSE ST Basic Materials Index, which declined -1.42% with Midas Holdings’ share price declining -3.85% and Geo Energy Resources’ share price gaining +2.38%.
The three most active Exchange Traded Funds (ETFs) by value today were the IS MSCI India (-1.60%), SPDR Gold Shares (-0.01%), DBXT MSCI Indonesia ETF (-0.91%).
The three most active Real Estate Investment Trusts (REITs) by value were Keppel DC REIT (unchanged), CapitaMall Trust (+0.75%), Ascendas REIT (-1.28%).
The most active index warrants by value today were HSI24000MBeCW150129 (-14.71%), HSI23200MBePW150129 (+8.66%), HSI23000MBePW141230 (+14.55%).
The most active stock warrants by value today were DBS MB eCW150602 (+15.97%), KepCorp MBeCW150602 (-8.43%), KepCorp MBePW150603 (+6.71%).
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Singapore Stock Market
*ST Index 3,324.13 +5.43 3,318.7 -7.11
Volume: 1,246.5M 1,089.7M
Value: $1,071M $1,014M
Gainers/Losers: 199/178 132/234
Date As of: 12 December 2014
Description Volume Value Frequency
ETF 20,900 10,826,500 105
Stock 7,410,481,525 4,839,471,269,000 234,019
Right 915,309,379 945,553,779 1,435
Warrant 14,664,100 669,285,100 568
Total 8,340,475,904 4,841,096,934,379 236,127
Thai bourse to list four Thai ETFs tracking global indices on Dec 15
BANGKOK, December 12, 2014 - The Stock Exchange of Thailand (SET) will list four exchange-traded funds (ETFs), which are Maybank US ETF (MUS), Maybank Euro ETF (MEU), Maybank Japan ETF (MJP) and Maybank Emerging ETF (MEM), on the main board on December 15, 2014. The fund, managed by Maybank Asset Management Co., Ltd., will boost investment opportunities for Thai investors to track returns following key global indices.
SET President Kesara Manchusree said, "The launch of ETFs is in line with SET's aim to promote product diversification to capture investors' demands as a way to diversify risks beyond local boundaries. The four ETFs cover various markets.
The MUS tracks the performance of S&P 500 Index, consisting of top 500 large-cap US companies. The MEU is designed to track the performance of MSCI EMU Index, consisting of leading stocks in the European countries. The MJP invests in mid-cap and large-cap Japanese stocks with its returns tracking the MSCI Japan index. The MEM selects and holds mid-cap and large-cap stocks in emerging markets. It is expected to provide investment results closely corresponding to the performance of MSCI Emerging Index. The four ETFs contribute dividends at least once a year. In addition, they carry only 0.77 - 1.37 percent brokerage fees comparatively lower than general foreign investment mutual funds."
The four ETFs are available for purchasing via account transaction brokerage like other Thai ETFs listed on SET. Investors can get Indicative NAV (iNAV), the real-time net asset value, calculated by Markit Group Limited, a global asset-valuation specialist. It has been designed to enable investors to compare ETF prices with the ETFs offered by market makers such as Commerzbank AG, an international professional market maker.
Maybank Kim Eng Securities CEO Triphon Phumiwasana said, "We provide these ETFs as investment options for investors who want to diversify into overseas markets to minimize risks. They have been receiving positive responses from both retail and institutional investors. As such, we strongly believe these four ETFs will gain popularity and benefit the Thai capital market."
As of 12 December 2014 Unit: M.Baht
Type Buy Sell Net
Institution 4,598.81 4,693.68 -94.88
Proprietary 4,408.30 5,698.95 - 1,290.65
Foreign 8,764.98 11,693.48 -2,928.49
Individual 33,255.58 28,941.56 4,314.02
Total Trading Value 51,027.67 M.Baht
Vietnam index rallies from near 7-month low; VCB outperforms
Vietnam's benchmark VN Index rebounded from a four-month low on Friday, driven by technical buying and a surge in Hanoi-based lender Vietcombank on hopes of an imminent deal.
Vietcombank, the country's biggest lender by market value, jumped 4.38 percent after it announced on its website that it would seek shareholders' approval on "merging policy" at its Dec. 26 extraordinary meeting.
The market is expecting consolidation in the banking sector to shrug off high level of bad debts and weak participants amid economic reform.
Nearly half of index constituents advanced, but trading volume dropped to 77 million shares, the lowest since Aug. 4. Continued fall in oil shares distressed sentiment and triggered margin call that pulled the index down to its lowest close since May 26 on Thursday.
PetroVietNam Gas , Vietnam's biggest firm by market value, managed to stay flat after five straight losses, having plummeted around 30 percent since OPEC said last month it would not cut supply to support tumbling crude oil price, which hit its lowest since July 2009 on Friday. ID:nL3N0TV5V3
Here is a snapshot of the VN Index at the close
VN Index 553.93
PREV. CLOSE 550.11
% CHANGE 0.69%
SE Asia Stocks - Philippines posts best gain in 14 months after Moody's upgrade
Philippine shares saw their biggest gain in 14 months on Friday, erasing most of their losses for the week, after a sovereign credit rating upgrade by
Moody's while most others in the region rebounded from the previous day's falls.
Moody's on Thursday upgraded its rating on the Philippines by one notch to Baa2 from Baa3 with a stable outlook, citing a decline in the country's debt burden and structural improvements in fiscal management.
The Philippine index was up 2.2 percent, its biggest single-day gain since October 2013, led by shares of BDO Unibank and Bank of the Philippine Islands, which were
among four banks whose long-term ratings Moody's also upgraded.
The benchmark ended the week 0.1 percent lower.
Other Southeast Asian markets were largely down for the week on heavy selloffs in energy shares.
Indonesia eked out a small gain, with a weekly loss of 0.5 percent, and Singapore's Straits Times Index was a tad higher, ending the week in negative territory, while Vietnam gained 0.7 percent, down 4.3 percent on the week.
Stocks in Thailand and Malaysia underperformed due to losses in shares of oil and gas firms as Brent crude slipped on Friday to below $63 a barrel, its lowest since July 2009.
The Thai SET index fell 0.8 percent, closing down 5.2 percent on the week, its worst performance since January.
Shares of PTT Exploration and Production , hit hard by tumbling oil prices, plunged 14.4 percent on the week.
Malaysia's key index was down 0.7 percent on the day, led by a 7.2 percent drop in shares of Sapurakencana Petroleum <SKPE.KL> . The index was down 0.9 percent on the week, a second straight week of declines.
SOUTHEAST ASIAN STOCK MARKETS
Market Current Prev Close Pct Move
Singapore 3324.13 3318.70 +0.16
Kuala Lumpur 1732.99 1744.57 -0.66
Bangkok 1514.95 1526.81 -0.78
Jakarta 5160.43 5152.69 +0.15
Manila 7224.21 7072.10 +2.15
Ho Chi Minh 553.93 550.11 +0.69