ASEAN KEY DESTINATIONS
18 December 2013
The Straits Times Index (STI) ended 5.79 points lower or -0.19% to 3,061.78, taking the year-to-date performance to -3.32%.
The FTSE ST Mid Cap Index declined -0.15% while the FTSE ST Small Cap Index gained +0.34%. The top active stocks were DBS (-0.24%), Keppel Corporation (-2.31%), SingTel (-0.55%), OCBC (unchanged) and UOB (+0.20%).
The outperforming sectors today were represented by the FTSE ST Utilities Index (+2.08%). The two biggest stocks of the FTSE ST Utilities Index are United Envirotech (+6.43%) and Hyflux (-0.87%). The underperforming sector was the FTSE ST Oil & Gas Index, which declined -1.07% with Keppel Corp’s price declining -2.31% and Sembcorp Marine’s share price declining -0.47%. The FTSE ST Consumer Goods Index gained +0.35% and the FTSE ST Technology Index declined -0.60%.
The three most active Exchange Traded Funds (ETFs) by value today were the DBXT CSI300 ETF (+0.82%), SPDR Gold Shares (-0.28%) and iShares MSCI Singapore EWS (-3.86%).
The three most active Real Estate Investment Trusts (REITs) by value were Ascendas REIT (-1.38%), CapitaMall Trust (-0.81%) and Suntec REIT (-0.33%).
The most active index warrants by value today were HSI23200MBeCW140129 (+7.02%), HSI23400MBePW131230 (-14.44%) and HSI24000MBeCW140129 (+10.35%).
The most active stock warrants by value today were DBS MB eCW140502 (-4.92%), DBS MB eCW140303 (-5.00%) and KepCorp MBeCW140203 (-22.81%).
Singapore Stock Market
*ST Index 3,061.78 -5.79 3,067.57 +13.8
Volume: 2,869.5M 2,530.6M
Value: $955.1M $791.4M
Gainers/Losers: 207/160 222/157
Daily Market Commentary (Securities)
18 Dec 2013
The FBM KLCI index lost 3.40 points or 0.18% on Wednesday. The Finance Index increased 0.08% to 16883.68 points, the Properties Index dropped 0.03% to 1281.91 points and the Plantation Index down 0.98% to 8946.69 points. The market traded within a range of 7.77 points between an intra-day high of 1849.43 and a low of 1841.66 during the session.
Actively traded stocks include TIGER, XDL, BIMB-WA, DAYA, SUMATEC, UMWOG-CA, SOLUTN, IOICORP, KNM and UMWOG. Trading volume increased to 1085.02 mil shares worth RM1632.34 mil as compared to Tuesday’s 1081.84 mil shares worth RM1545.00 mil.
Leading Movers were PETGAS (+74 sen to RM23.94), PPB (+18 sen to RM15.78), PBBANK (+14 sen to RM18.72), MAYBANK (+8 sen to RM10.10) and RHBCAP (+6 sen to RM7.95). Lagging Movers were BAT (-158 sen to RM63.00), KLK (-30 sen to RM24.60), HLBANK (-14 sen to RM14.10), UMW (-10 sen to RM12.22) and PETCHEM (-9 sen to RM6.74). Market breadth was negative with 326 gainers as compared to 433 losers.
The KLCI ended lower at 1847.50 points as investors were taking profit after the Index hit an all-time high of 1850.9 points on yesterday. Investors’ sentiment remained muted as investors were awaiting the outcome of Fed’s Dec 17-18 policy meeting to see when it will start tapering its bond-buying stimulus.
As of 18 December 2013 Unit: M.Baht
Type Buy Sell Net
Institution 5,072.52 2,365.28 2,707.24
Proprietary 3,126.50 3,571.12 -444.62
Foreign 9,121.11 10,382.38 -1,261.27
Individual 14,454.63 15,455.98 -1,001.35
Total Trading Value 31,774.75 M.Baht
Vietnam's benchmark VN Index was almost unchanged on Wednesday, edging up only 0.08 percent, as investors awaited more supportive news on the economy.
PetroVietnam Gas and dairy products maker Vinamilk , the Vietnam's top two biggest firms by market capitalisation, fell 0.78 percent and 0.72 percent, respectively.
The loss was partially capped by a 1.43 percent gain in property company Vingroup and a 0.37 percent rise in Vietcombank .
Local investors have been waiting for foreign funds to finish their portfolio restructuring that will last until next week, before making any new investment decision, said Pham Dung Khanh, investment consultant at Maybank Kim Eng Securities.
Here is a snapshot of the VN Index at the close
VN Index 505.25
PREV. CLOSE 505.67
% CHANGE -0.08%
Southeast Asian markets were range-bound on Wednesday as nervous investors awaited a U.S. Federal Reserve decision on when it would begin unwinding its stimulus programme.
Thailand's SET index , outperforming the region, gained 1 percent led by information technology shares, while the Philippines ended 0.6 percent firmer.
Indonesia's Jakarta Composite Index edged up 0.3 percent to a near one-week high.
"Market is slowing down and foreign investors are reluctant to make a big move before hearing when the Fed will begin curbing its asset purchases," said John Teja, a director of
Jakarta-based Ciptadana Securities.
Other markets ended weaker with Malaysia's share index ending 0.2 percent weaker, from a record closing high in the previous session, with a $43.73 million foreign outflow.
Singapore's benchmark index closed 0.2 percent down.
Investors have been nervous about when the Fed will start tapering its $85 billion-a-month bond-buying programme.
A majority of economists polled earlier expected the taper to start in March, but a recent run of upbeat economic data from the U.S. has shortened the odds on an announcement to this week's two-day meeting concluding on Wednesday, or in January.
Vietnam's benchmark VN Index ended 0.1 percent lower as investors awaited more supportive news on the economy.
SOUTHEAST ASIAN STOCK MARKETS
Market Current Prev Close Pct Move
TR SE Asia Index* 389.11 389.07 +0.11
Singapore 3061.78 3067.57 -0.19
Kuala Lumpur 1847.50 1850.90 -0.18
Bangkok 1349.86 1337.18 +0.95
Jakarta 4196.28 4182.35 +0.33
Manila 5961.55 5928.99 +0.55
Ho Chi Minh 505.25 505.67 -0.08
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