ASEAN KEY DESTINATIONS
17 December 2013
The Straits Times Index (STI) ended 13.80 points higher or +0.45% to 3,067.57, taking the year-to-date performance to -3.14%.
The FTSE ST Mid Cap Index gained +0.30% while the FTSE ST Small Cap Index gained +0.12%. The top active stocks were DBS (-0.30%), SingTel (+1.40%), UOB (+0.35%), Albedo (unchanged) and OCBC (+0.20%).
The outperforming sectors today were represented by the FTSE ST Health Care Index (+1.80%). The two biggest stocks of the FTSE ST Health Care Index are Biosensors International Group (+1.67%) and Raffles Medical Group (+1.97%). The underperforming sector was the FTSE ST Utilities Index, which declined -0.72% with United Envirotech’s price declining -5.41% and Hyflux’s share price gaining +0.87%. The FTSE ST Consumer Goods Index gained +0.71% and the FTSE ST Technology Index declined -0.03%.
The three most active Exchange Traded Funds (ETFs) by value today were the iShares MSCI India (-0.69%), DBXT CSI300 ETF (-1.22%) and Nikko AM Singapore STI ETF (unchanged).
The three most active Real Estate Investment Trusts (REITs) by value were Ascendas REIT (+1.40%), Suntec REIT (+0.33%) and CapitaMall Trust (+0.82%).
The most active index warrants by value today were HSI23200MBeCW140129 (-5.79%), HSI23400MBePW131230 (+3.45%) and HSI24000MBeCW140129 (-7.94%).
The most active stock warrants by value today were DBS MB eCW140502 (-2.40%), UOB MB eCW140303 (+1.16%) and KepCorp MBeCW140203 (+26.67%).
Singapore Stock Market
*ST Index 3,067.57 +13.8 3,053.77 -12.25
Volume: 2,530.6M 1,816.3M
Value: $791.4M $725.3M
Gainers/Losers: 222/157 161/248
Daily Market Commentary (Securities)
17 Dec 2013
The FBM KLCI index gained 13.02 points or 0.71% on Tuesday. The Finance Index increased 0.46% to 16870 points, the Properties Index dropped 0.05% to 1282.29 points and the Plantation Index rose 0.51% to 9035.4 points. The market traded within a range of 14.72 points between an intra-day high of 1851.94 and a low of 1837.22 during the session.
Actively traded stocks include BIMB-WA, DAYA, TIGER, XDL, SUMATEC, IRIS, KNM, SONA-WA, SOLUTN and KNM-WA. Trading volume decreased to 1081.84 mil shares worth RM1545.00 mil as compared to Monday’s 1148.23 mil shares worth RM1490.78 mil.
Leading Movers were BAT (+144 sen to RM64.58), PETGAS (+40 sen to RM23.20), PPB (+30 sen to RM15.60), HLFG (+20 sen to RM15.42) and UMW (+20 sen to RM12.32). Lagging Movers were TM (-3 sen to RM5.51) and SIME (-1 sen to RM9.56). Market breadth was positive with 388 gainers as compared to 362 losers.
The KLCI surged and ended at a new all-time high of 1850.9 points amid ‘window dressing’ activities, mainly lifted by the gains made by MISC, PPB, and PetGas. Broader trading sentiment remained cautious despite the strong showing of the benchmark index, as investors remained wary of potential tapering of bond stimulus program in the coming FOMC meeting.
Date As of: 17 December 2013
Description Volume Value Frequency
ETF 10,000 5,892,000 10
Stock 7,564,622,903 4,808,525,629,906 127,730
Right 4,362,500 306,748,000 184
Warrant 32,720,000 1,856,680,500 695
Total 7,601,715,403 4,810,694,950,406 128,619
As of 17 December 2013 Unit: M.Baht
Type Buy Sell Net
Institution 3,389.05 1,630.17 1,758.88
Proprietary 2,276.48 3,214.31 -937.83
Foreign 7,366.26 8,095.08 -728.81
Individual 12,985.55 13,077.78 -92.23
Total Trading Value 26,017.34 M.Baht
VN Index bounced back to its positive ground thanks to stronger performance from blue-chips. The trading value, however, narrowed to US$60.1mln for both exchanges. Noteworthy put through deal of the day were GAS (US$3.0mln) and SHB (US$882K).
VN Index gained 0.7% to 505.67 with traded value of US$43.8mln. 148 stocks rose and 57 fell. Most heavy-weights increased with SJS (+4.0%), VIC (+3.7%), CII (+2.7%), PVD (+2.5%), MPC (+1.9%), VCF (+1.7%), HPG (+1.6%), PPC (+1.2%), VCB (+1.1%), EIB (+0.8%), MSN (+0.6%), SSI (+0.6%), BVH (+0.5%), REE (+0.3%) and DPM (+0.2%) supporting the index. Meanwhile, GAS, VNM, STB, MBB, FPT, KDC, DHG, ITA, PNJ and DPR stayed flat. CTG (-0.6%), NLG (-0.6%) and GMD (-0.3%) lost. The market's highlights were FLC (US$3.7mln), GAS (US$3.4mln) and HAR (US$2.0mln). Foreigners purchased US$2.5mln and sold US$4.2mln on HOSE, making up 7.6% of the exchange's traded value. HAG was the key foreign trade today with net sell of US$786K in value.
HNX Index rose 0.6% to 66.86 on US$16.3mln in traded value. 114 stocks rose and 78 fell. PGS (+2.1%), SHB (+1.5%), NVB (+1.4%), VCG (+1.0%), OCH (+0.8%) and PVI (+0.6%) advanced while ACB, KLS, NTP, PVS, PLC and SQC unchanged. PVS (US$1.4mln), HUT (US$1.2mln) and SHB (US$1.0mln) were the most traded names. Foreigners bought US$747K while selling only US$88K on HNX with key trade in PVS (US$535K buying).
Stocks drift as Fed remains the focus in markets
Sarah DiLorenzo, The Associated Press, Paris
Investors took to the sidelines Tuesday, a day ahead of a key policy decision from the U.S. Federal Reserve that may see the central bank reduce its massive monetary stimulus.
On Monday, stocks in Europe and the U.S. recorded big gains despite growing speculation that the Fed will decide to start tapering its $85 billion worth of financial asset purchases following the conclusion of its two-day meeting on Wednesday.
Though a withdrawal would represent a sign that the U.S., the world's largest economy, is strong enough to survive without the purchases, investors are wary. After all, the Fed's stimulus, in its various guises over the past few years, has helped shore up stock markets around the world over the past few years.
In Europe, France's CAC-40 fell 0.9 percent to 4,081, while Germany's DAX was down 0.4 percent to 9,124. The FTSE index of British shares pulled back 0.5 percent at 6,492.
Ahead of Wall Street's opening, futures were muted. Dow Jones industrial futures were flat at 15,818. S&P 500 futures fell 0.1 percent to 1,779.
The key piece of economic news later will likely be U.S. inflation figures for November. If price pressures remain benign, then it may encourage the Fed to maintain its current level of bond purchases.
"Low inflation is the only reason why some investors believe the Fed won't taper tomorrow, with the rest of the data over the last couple of months clearly showing that the economy is improving," said Craig Erlam, market analyst at Alpari UK.
Elsewhere, energy prices fell, potentially over concerns that economies would sputter if the Fed tapers. Crude oil lost 23 cents to trade at $97.25 a barrel.
But in a sign of how difficult it is for markets to guess what the Fed might do — and what it will mean for the world economy — the euro remained firm against the dollar, trading up slightly at $1.3774 and not far off its year's high.
Asian stocks were also mixed. Japan's Nikkei 225 closed 0.8 percent up at 15,278.63. Hong Kong's Hang Seng slid 0.2 percent at 23,069.23. China's Shanghai's Composite fell 0.5 percent at 2,151.08. Australia's S&P/ASX 200 inched up 0.3 percent at 5,103.20.
Markets were up in Southeast Asia, led by the Philippines. The Philippine Stock Exchange index climbed 2 percent to 5,928.99. The Philippine economy may grow 7 percent this year — the upper end of government's 6 percent to 7 percent target — despite devastation in central regions due to a powerful earthquake and Typhoon Haiyan, Economic Planning Secretary Arsenio Balisacan said.
Associated Press writer Teresa Cerojano in Manila, Philippines, contributed to this report.
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