ASEAN KEY DESTINATIONS
16 December 2014
The Straits Times Index (STI) ended -78.50 points lower or -2.38% to 3215.64, taking the year-to-date performance to +1.60%.
The FTSE ST Mid Cap Index declined -0.81% while the FTSE ST Small Cap Index declined -0.89%. The top active stocks were DBS (-3.08%), SingTel (-2.77%), UOB (-3.49%), OCBC Bank (-3.16%) and Keppel Corp (-0.25%).
The outperforming sectors today were represented by the FTSE ST Oil & Gas Index (-0.27%). The two biggest stocks of the FTSE ST Oil & Gas Index are Keppel Corp (-0.25%) and Sembcorp Industries (-0.49%). The underperforming sector was the FTSE ST Basic Materials Index, which declined -4.47% with Midas Holdings’s share price declining -6.00% and Geo Energy Resources’s share price declining -2.33%.
The three most active Exchange Traded Funds (ETFs) by value today were the STI ETF (-1.80%), SPDR Gold Shares (-1.16%), DBXT MSCI Indonesia ETF (-0.51%).
The three most active Real Estate Investment Trusts (REITs) by value were CapitaMall Trust (-2.46%), Ascendas REIT (-0.85%), Suntec REIT (-0.52%).
The most active index warrants by value today were HSI23400MBeCW150129 (-27.27%), HSI23000MBePW141230 (+44.00%), HSI22200MBePW150330 (+29.51%).
The most active stock warrants by value today were DBS MB ePW150402 (+33.58%), UOB MB eCW150302 (-35.63%), KepCorp MBePW150603 (unchanged).
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Singapore Stock Market
*ST Index 3,215.09 -79.05 3,294.14 -29.99
Volume: 1,235.1M 994.8M
Value: $1,451.6M $881.1M
Gainers/Losers: 96/337 111/321
Daily Market Commentary (Securities)
16 Dec 2014
The FBM KLCI index lost 23.37 points or 1.38% on Tuesday. The Finance Index fell 1.76% to 14857.75 points, the Properties Index dropped 0.79% to 1220.59 points and the Plantation Index down 2.02% to 7383.4 points. The market traded within a range of 19.97 points between an intra-day high of 1693.91 and a low of 1673.94 during the session.
Actively traded stocks include SUMATEC, HUBLINE, TIGER, HSI-CJ, SKPETRO, ARMADA, KNM, PERISAI, DIALOG and BJCORP. Trading volume decreased to 1638.11 mil shares worth RM2104.15 mil as compared to Monday’s 2064.81 mil shares worth RM2318.48 mil.
Leading Movers were KLCC (+16 sen to RM6.66), PETCHEM (+7 sen to RM4.76), MAXIS (+7 sen to RM6.57), YTL (+1 sen to RM1.58) and AMMB (+1 sen to RM6.20). Lagging Movers were IOICORP (-28 sen to RM4.36), RHBCAP (-37 sen to RM7.08), MAYBANK (-31 sen to RM8.29), GENM (-14 sen to RM3.96) and BAT (-196 sen to RM64.76). Market breadth was negative with 296 gainers as compared to 572 losers.
The KLCI extended yesterday’s losses to end lower at 1673.94 points, tracking the overnight losses in Wall Street. Market sentiment remained negative, amid continuous concern over the decline in oil prices coupled with disappointing data in Chinese factory activity that adding to worries about weakness in global economic growth.
Date As of: 16 December 2014
Description Volume Value Frequency
ETF 86,900 43,694,600 435
Stock 8,217,809,637 7,511,078,344,174 346,542
Right 130,366,600 131,272,600 129
Warrant 7,785,700 324,259,300 796
Total 8,356,048,837 7,511,577,570,674 347,902
As of 16 December 2014 Unit: M.Baht
Type Buy Sell Net
Institution 11,237.61 5,566.09 5,671.52
Proprietary 7,521.50 10,228.89 -2,707.38
Foreign 12,624.27 20,998.65 -8,374.38
Individual 44,485.78 39,075.55 5,410.24
Total Trading Value 75,869.17 M.Baht
Vietnam index ends near 7-month low; energy shares tumble
Vietnam's benchmark VN Index dropped 2.33 percent to close at a near seven-month low as energy shares slipped further, while margin call prompted selling in other stocks.
Around two-thirds of index constituents lost ground, while volume jumped 50 percent from a day earlier to 128 million shares.
PetroVietNam Gas slumped 6.79 percent at a near one-year low of 64,500 dong.
GAS shares have dropped almost 40 percent since OPEC said late last month it would not reduce supply to support falling oil prices, and the gas firm now accounted for only 13 percent of total market value, from around 20 percent earlier this year.
Most other large caps also fell, including property firm Vingroup with a 2.29 percent fall and steel producer Hoa Phat Group that lost 4.23 percent.
Brent crude oil prices fell over $1 per barrel and below $60 for the first time since July 2009 in early European trading on Tuesday as Chinese factory activity slowed and stumbling emerging market currencies dented demand expectations.
Here is a snapshot of the VN Index at the close .
VN Index 535.14
PREV. CLOSE 547.93
% CHANGE -2.33%
SE Asia Stocks -Down; extends losses on sell-off in emerging markets
Southeast Asian stock markets extend losses on Tuesday after a fall in the Russian rouble triggered a sell-off in emerging markets due to global risk aversion.
The slump in the rouble on the back of falling oil prices and Western sanctions has sent emerging market investors into a panic, analysts said, prompting U.S. dollar buying which hurt local currencies and stock prices in Southeast Asia.
Russia's central bank sharply hiked interest rates early on Tuesday to support the currency, but after a brief recovery the rouble fell to a new all-time low against the dollar.
Thai stocks fell as much as 3.9 percent led by energy stocks before recovering some losses to close 1.1 percent down for the day, a sixth consecutive day of falls.
Shares of PTT Exploration and Production PCL fell 5.2 percent to their lowest since April 2009, while Bangchak Petroleum PCL lost 4.1 percent to its lowest in more than four months.
The Thai central bank said it did not see "unusual capital outflow" from the country despite foreign investors posting about 14 billion baht ($424.89 million) of net sales in the past four sessions to Monday.
Indonesian stocks fell 1.6 percent, extending a 1 percent decline from the previous session, after the rupiah <IDR=ID> hit a fresh 16-year low early on Tuesday. Later, the currency recovered after Bank Indonesia intervened in the forex and bond markets.
Singapore's stock index lost 2.4 percent while the Philippines fell 1.6 percent.
SOUTHEAST ASIAN STOCK MARKETS
Market Current Prev Close Pct Move
Singapore 3215.09 3294.14 -2.40
Kuala Lumpur 1673.94 1697.31 -1.38
Bangkok 1461.74 1478.49 -1.13
Jakarta 5026.03 5108.43 -1.61
Manila 7160.38 7275.62 -1.58
Ho Chi Minh 535.14 547.93 -2.33