ASEAN KEY DESTINATIONS
17 December 2014
The Straits Times Index (STI) ended +12.14 points higher or +0.38% to 3227.23, taking the year-to-date performance to +1.97%.
The FTSE ST Mid Cap Index declined -0.07% while the FTSE ST Small Cap Index declined -0.17%. The top active stocks were SingTel (+1.30%), Keppel Corp (+3.01%), DBS (-0.47%), Global Logistic (-0.40%) and OCBC Bank (-0.20%).
The outperforming sectors today were represented by the FTSE ST Oil & Gas Index (+3.46%). The two biggest stocks of the FTSE ST Oil & Gas Index are Keppel Corp (+3.01%) and Sembcorp Industries (+1.46%). The underperforming sector was the FTSE ST Utilities Index, which declined -0.84% with United Envirotech’s share price declining -0.31% and Hyflux’s share price declining -0.68%.
The three most active Exchange Traded Funds (ETFs) by value today were the SPDR Gold Shares (+0.07%), IS MSCI India (-1.26%), DBXT CSI300 ETF (+1.83%).
The three most active Real Estate Investment Trusts (REITs) by value were Ascendas REIT(+1.29%), Suntec REIT (+1.04%), Keppel DC REIT (+1.05%).
The most active index warrants by value today were HSI23400MBeCW150129 (+2.50%), HSI23000MBePW141230 (+3.70%), HSI23200MBePW150129 (+4.92%).
The most active stock warrants by value today were DBS MB ePW150402 (+2.24%), SembMar MBeCW160104 (unchanged), KepCorp MBePW150702 (unchanged).
Singapore Stock Market
*ST Index 3,227.23 +12.14 3,215.09 -79.05
Volume: 1,226.9M 1,235.1M
Value: $1,362.4M $1,451.6M
Gainers/Losers: 189/224 96/337
Daily Market Commentary (Securities)
17 Dec 2014
The FBM KLCI index gained 7.96 points or 0.48% on Wednesday. The Finance Index increased 0.84% to 14982.48 points, the Properties Index up 1.64% to 1240.62 points and the Plantation Index rose 0.22% to 7399.66 points. The market traded within a range of 20.17 points between an intra-day high of 1691.99 and a low of 1671.82 during the session.
Actively traded stocks include SUMATEC, MINETEC, PDZ, SUMATEC-WB, HIS-CJ, ARMADA, ASIABIO, SKPETRO, PERISAI and TIGER. Trading volume increased to 1943.66 mil shares worth RM2061.36 mil as compared to Tuesday’s 1638.11 mil shares worth RM2104.15 mil.
Leading Movers were SKPETRO (+12 sen to RM2.20), PETCHEM (+17 sen to RM4.93), GENM (+11 sen to RM4.07), ASTRO (+7 sen to RM2.92) and DIGI (+11 sen to RM6.08). Lagging Movers were TM (-15 sen to RM6.45), MAXIS (-13 sen to RM6.44), HLFG (-30 sen to RM15.82), BAT (-98 sen to RM63.78) and TENAGA (-1 sen to RM13.14). Market breadth was positive with 648 gainers as compared to 257 losers.
The KLCI rebounded from yesterday’s losses by ending higher at 1681.9 points, despite the overnight loss in Wall Street following the lower energy costs as a result of lower oil price and Russia's economic troubles on policy decisions by the Federal Reserve. The improved performance in our benchmark index was lifted by gains in heavyweight counters led by SapuraKencana, amid bargain hunting activities.
Thai bourse to list "WHART" REIT on December 18
BANGKOK, December 17, 2014 - The Stock Exchange of Thailand (SET) will list WHA Premium Growth Freehold and Leasehold Real Estate Investment Trust, the second REIT in the Thai capital market this year, worth THB 3.11 billion (approx. USD 94.18 million) on its main board on December 18, under the ticker symbol "WHART".
SET Executive Vice President Chanitr Charnchainarong said that WHART would list and start trading in the Thai bourse's Property Fund & REITs sector on December 18.
WHART offered 310.79 million units via an initial public offering (IPO) at THB 10.00 per unit during December 1-4, with total value of THB 3.11 billion. WHART is managed by WHA Real Estate Management Co., Ltd., a subsidiary of WHA Corporation pcl. Kasikorn Asset Management Co., Ltd. is the trustee and Kasikorn Securities pcl is its financial advisor and underwriter.
WHART has invested in freehold and leasehold rights of land and building, consisting of WHA Distribution Center Ladkrabung Phase 1 and 2, WHA Mega Logistics Center (Bangna Trad Road Km 18), WHA Mega Logistics Center (Bangna Trad Road Km 23), as well as properties for rent with a total area of 167,107 sq. meters. The main tenants of these properties are leading companies such as Nissan Motor (Thailand) Co., Ltd., DKSH (Thailand) Co., Ltd., LF Logistics (Thailand) Co., Ltd., etc. In addition, it also leases rooftop space with more than 74,617 sq. meters for solar energy production.
WHA Real Estate Management Managing Director Piyapong Pintuprapa said that WHART would invest on warehouses and distribution centers in strategically prime locations that meet international standards and customer demands. Managed by the professional management of WHA Corporation pcl., one of the listed companies on SET, WHART could provide good returns for the trust unit holders in the long run.
WHART's dividend policy is to pay up to four times a year at no less than 90 percent of adjusted net profit of its financial year. WHART's three major unit holders after its IPO are WHA Corporation pcl (15.0 percent), Social Security Office (12.9 percent), Allianz Ayudhya pcl and Government Saving Bank (each holding 6.4 percent).
As of 17 December 2014 Unit: M.Baht
Type Buy Sell Net
Institution 10,157.63 4,958.31 5,199.32
Proprietary 5,838.48 6,897.90 -1,059.41
Foreign 9,700.80 15,530.59 -5,829.79
Individual 37,782.18 36,092.29 1,689.89
Total Trading Value 63,479.09 M.Baht
Vietnam index ends at 7-month low; appetite weak
Vietnam's benchmark VN Index tumbled 3.16 percent on Wednesday to close at its lowest since May 13, with investors selling briskly as shares extended falls.
Global oil prices battered local energy shares, triggered margin calls on the broader market and wrecked bargain-hunting attempts by investors, said analyst Nguyen The Minh of Viet Capital Securities.
"It's like World War 3... Investors didn't pick up battered shares as they expect more falls to come, so better to pull money out and wait for sentiment to level out," Minh said.
PetroVietNam Gas, the country's biggest firm by market value, dropped 3.88 percent to 62,000 dong ($3), its lowest close since July 2013, Reuters data showed.
Dairy products maker Vinamilk shed 5.13 percent to its lowest close since March 2013, while property firm Vingroup also languished in the red, ticking down 4.26 percent to a five-month low.
Strong selling pushed trading volume to 171 million shares, well above the five-day average level of 111 million, as investors sought to move out of the market, analysts said.
Here is a snapshot of the VN Index at the close
VN Index 518.22
PREV. CLOSE 535.14
% CHANGE -3.16%
SE Asia Stocks -Mostly up; Thai shares end 6-day slump
Southeast Asian stock markets mostly rose on Wednesday, with Thai shares ending six consecutive sessions of losses to lead the regional gains.
The Thai stock index rose 1.3 percent, its biggest one-day gain since August, regaining some lost ground after having slumped 8.5 percent over the past six sessions.
Energy sector shares led the gains, rebounding from earlier losses due to declining crude oil prices.
Teerada Charnyingyong, an analyst with Phillip Capital in Bangkok, said the index was on a technical rebound as investors bought stocks at cheaper prices.
Thai energy giant PTT PLC's shares rose 4 percent after falling to their lowest in six months on Tuesday.
Stocks in Jakarta rose 0.2 percent, following some recovery in the rupiah. The Indonesian currency gained as much as 0.4 percent against the dollar during the day. On Tuesday, the rupiah touched its lowest in 16 years.
Meanwhile, falling oil prices and concerns over the Russian crisis continued to hurt Philippine and Vietnamese stocks.
"The sharp drop in oil is creating financial stress in Russia. There are fears of corporate or sovereign defaults," said Miguel Agarao, an investment analyst at Wealth Securities Inc in Manila.
"The Philippines [market] is not very liquid and there was a delayed reaction," Agarao said.
The Philippines stock index fell 2.7 percent while the Vietnam index lost 3.2 percent.
SOUTHEAST ASIAN STOCK MARKETS
Market Current Prev Close Pct Move
Singapore 3227.23 3215.09 +0.38
Kuala Lumpur 1681.90 1673.94 +0.48
Bangkok 1480.20 1461.74 +1.26
Jakarta 5035.65 5026.03 +0.19
Manila 6966.21 7160.38 -2.71
Ho Chi Minh 518.22 535.14 -3.16