ASEAN KEY DESTINATIONS
13 December 2013
The Straits Times Index (STI) ended 6.98 points higher or +0.23% to 3,066.02, taking the year-to-date performance to -3.19%.
The FTSE ST Mid Cap Index gained +0.46% while the FTSE ST Small Cap Index gained +0.07%. The top active stocks were SingTel (+0.28%), DBS (-0.24%), UOB (-1.08%), Noble Group (+1.49%) and OCBC (+0.51%).
The outperforming sectors today were represented by the FTSE ST Health Care Index (+1.16%). The two biggest stocks of the FTSE ST Health Care Index are Biosensors International Group (+1.68%) and Raffles Medical Group (+0.65%). The underperforming sector was the FTSE ST Financials Index, which gained +0.03% with DBS Group’s price declining -0.24% and OCBC’s share price gaining +0.51%. The FTSE ST Consumer Goods Index gained +0.47% and the FTSE ST Technology Index gained +0.33%.
The three most active Exchange Traded Funds (ETFs) by value today were the Lyxor Asia (-0.21%), iShares MSCI India (-2.02%) and Nikko AM Singapore STI ETF (unchanged).
The three most active Real Estate Investment Trusts (REITs) by value were Ascendas REIT (+1.42%), CapitaMall Trust (+0.54%) and Suntec REIT (+0.67%).
The most active index warrants by value today were HSI23200MBeCW140129 (+0.74%), HSI23400MBePW131230 (-9.20%) and HSI24000MBeCW140129 (unchanged).
The most active stock warrants by value today were DBS MB eCW140303 (+7.69%), UOB MB eCW140303 (-13.39%) and DBS MB eCW140502 (+4.03%).
Singapore Stock Market
*ST Index 3,066.02 +6.98 3,059.04 -1.7
Volume: 1,631.4M 1,942.3M
Value: $923.3M $1,051.3M
Gainers/Losers: 208/187 155/189
Daily Market Commentary (Securities)
13 Dec 2013
The FBM KLCI index gained 6.48 points or 0.35% on Friday. The Finance Index fell 0.05% to 16833.31 points, the Properties Index dropped 0.06% to 1288.44 points and the Plantation Index rose 0.49% to 9025.56 points. The market traded within a range of 12.38 points between an intra-day high of 1843.48 and a low of 1831.10 during the session.
Actively traded stocks include BIMB-WA, SONA-WA, TIGER, KBUNAI-WC, CLIQ-WA, INSTACO-WB, SANICHI, SONA, XDL and L&G. Trading volume increased to 1182.06 mil shares worth RM1680.82 mil as compared to Thursday’s 1073.67 mil shares worth RM1637.03 mil.
Leading Movers were KLK (+40 sen to RM24.90), PETGAS (+30 sen to RM22.90), TM (+12 sen to RM5.50), GENM (+8 sen to RM4.38) and SKPETRO (+8 sen to RM4.58). Lagging Movers were BAT (-34 sen to RM63.80), HLFG (-24 sen to RM15.30), UMW (-16 sen to RM12.20), PETDAG (-12 sen to RM30.18) and AMMB (-8 sen to RM7.31). Market breadth was positive with 368 gainers as compared to 362 losers.
The KLCI ended higher at 1840.35 points in the last trading day of the week, mainly lifted by the gains in Telekom Malaysia and SK Petroleum.
Date As of: 13 December 2013
Description Volume Value Frequency
ETF 6,000 3,778,500 11
Stock 4,183,502,693 4,514,900,005,675 109,485
Right 7,497,100 522,234,500 224
Warrant 77,332,000 5,263,151,000 985
Total 4,268,337,793 4,520,689,169,675 110,705
Thai bourse lists property fund CPTGF on December 16
BANGKOK, December 13, 2013 - The Stock Exchange of Thailand (SET) will list C.P. Tower Growth Leasehold Property Fund, managed by Krung Thai Asset Management Public Co., Ltd., with market capitalization at IPO of THB 9.82 billion (approx. USD 305 million), on its main board on December 16, under the ticker symbol "CPTGF."
Paveena Sriphothong, SET senior vice president, said, "CPTGF is the sixth property fund to list on the SET this year. The fund comprises of 967 million units and was sold during November 18-26 at THB 10.15 per unit?totaling to THB 9.82 billion."
Somchai Boonnamsiri, Krung Thai Asset Management president, said, "CPTGF, a closed-end property fund that invests in the leasehold rights to land, property, office buildings, shopping centers, as well as ownership of other equipment necessary for the utilization of the supposed assets?which belonged to C.P. Land. CPTGF's main assets are located in prime metropolitan locations, C.P. Tower I (Silom), C.P. Tower II (Fortune Town), and C.P. Tower III (Phayathai).
The three buildings have an average occupancy rate of 98 percent. The highlighted feature of this fund is a mixture of office buildings and shopping centers in different downtown locations. This feature has allowed risk diversification in itself, and also offers considerable accessibility. Another boon is the management expertise in which is managed by C.P. Land (with more than 20 years of property management experience to spare). We believe that CPTGF will offer attractive and steady returns to investors."
CPTGF has a maturity of 30 years since its first investment date. Its dividend policy is to pay not exceeding 4 times a year, at no less than 90 percent of adjusted net profit of each financial year. The fund's top three unit holders after the IPO are C.P. Land pcl (33.33 percent), Krung Thai Bank pcl (21.59 percent), and the Social Security Office (8.15 percent).
As of 13 December 2013 Unit: M.Baht
Type Buy Sell Net
Institution 2,443.35 2,800.55 -357.20
Proprietary 3,123.93 4,465.52 -1,341.59
Foreign 8,107.94 11,592.17 -3,484.24
Individual 16,572.31 11,389.29 5,183.02
Total Trading Value 30,247.53 M.Baht
Vietnam's benchmark VN Index edged down on Friday on caution ahead of an exchange-traded fund's plan to restructure its investment portfolio, analysts said.
The Market Vectors Vietnam exchange-traded fund is expected to sell many of its stocks during its fourth-quarter portfolio restructuring after announcing a review plan on Saturday, analysts said.
The benchmark VN Index slipped 0.17 percent to close at 506.06 on Friday.
Shares of Hanoi-based lender Vietcombank , real estate firm Vingroup and top insurer Baoviet Holdings have the largest proportions in the Market Vectors Vietnam ETF's portfolio, Reuters data showed.
VCB fell 1.11 percent, VIC dropped 0.7 percent, and BVH lost 0.76 percent on Friday.
But the index is expected to not fall below its support level of 503 points as the macro economy has been quite stable, analysts said.
Here is a snapshot of the VN Index at the close
VN Index 506.06
PREV. CLOSE 506.92
% CHANGE -0.17%
Thai stocks ended at a 14-week low on Friday as the domestic political deadlock spurred fund outflows while Indonesian shares faltered due to weakness in the rupiah and on worries over U.S. stimulus tapering.
The Thai SET index was down 1.1 percent at 1,341.13, the lowest close since Sept. 6, with selling most active in large-caps and telecoms shares, such as Advanced Info Service
The benchmark dropped 1.5 percent on the week, with a year-to-date loss of 3.7 percent, making it Asia's second worst performer.
Foreign investors were net sellers of 3.5 billion baht ($109.10 million) on Friday, taking their redemptions since November to around $2.5 billion and nearly $6 billion so far this year, much larger than in many neighbouring markets.
The leader of a protest group trying to overthrow Thailand's government and scrap planned elections said on Friday the prime minister should either step down or be forced out, and his movement would then need around a year to push through reforms.
Indonesia's index was down 0.9 percent at 4,174.83, the lowest close since Sept. 6, with foreign investors selling a net 341.2 billion rupiah ($28.38 million) worth of shares, Thomson Reuters data showed.
Domestic buyers helped many markets regain lost ground, including the Philippines and Malaysia, while redemptions by foreign investors continued ahead of the Federal Reserve meeting on Dec. 17-18.
The Philippine index ended up a tad higher at 0.08 percent after an earlier loss of nearly 1 percent. Shares of Jollibee Foods Corp jumped 3.1 percent, reversing Thursday's falls and leading gains on the index of 30 large-cap stocks.
The benchmark underperformed its peers on the week, down 4.1 percent, falling for a second week. Foreign investors sold a net $34.6 million on Friday and a combined selling of $47.2 million on the week, stock exchange data showed.
Malaysia's index edged up 0.4 percent at 1,840.35, recouping some of the losses over the past two sessions and near a record close of 1,842.82 hit early in the week. It rose for a fourth week, up 0.7 percent, making it the region's best performer during the week.
The Malaysian bourse said local institution bought a net 115.6 million ringgit ($35.80 million) while foreign investors sold a net 116.7 million ringgit ($36.14 million)
SOUTHEAST ASIAN STOCK MARKETS
Market Current Prev Close Pct Move
TR SE Asia Index* 388.32 390.23 -0.49
Singapore 3066.02 3059.04 +0.23
Kuala Lumpur 1840.35 1833.87 +0.35
Bangkok 1341.13 1356.21 -1.11
Jakarta 4174.83 4212.22 -0.89
Manila 5767.13 5762.53 +0.08
Ho Chi Minh 506.06 506.92 -0.17
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