ASEAN KEY DESTINATIONS
23 December 2013
The Straits Times Index (STI) ended 21.74 points higher or +0.70% to 3,116.22, taking the year-to-date performance to -1.61%.
The FTSE ST Mid Cap Index gained +0.46% while the FTSE ST Small Cap Index declined -0.00%. The top active stocks were SingTel (+0.28%), DBS (+0.54%), Charisma Energy (+1.43%), OCBC (+1.00%) and UOB (+0.87%).
The outperforming sectors today were represented by the FTSE ST Technology Index (+0.82%). The two biggest stocks of the FTSE ST Technology Index are Liongold Corporation (-0.62%) and STATS ChipPAC (+1.56%). The underperforming sector was the FTSE ST Health Care Index, which declined -1.78% with Biosensors International Group’s price declining -3.19% and Raffles Medical Group’s share price remaining unchanged. The FTSE ST Consumer Goods Index gained +0.57%.
The three most active Exchange Traded Funds (ETFs) by value today were the SPDR Gold Shares (+0.50%), DBXT CSI300 ETF (unchanged) and Nikko AM Singapore STI ETF (+0.96%).
The three most active Real Estate Investment Trusts (REITs) by value were Ascendas REIT (+1.41%), Suntec REIT (+0.67%) and CapitaMall Trust (+1.08%).
The most active index warrants by value today were HSI23200MBeCW140129 (+2.15%), HSI23600MBePW140129 (-7.03%) and HSI24000MBeCW140129 (unchanged).
The most active stock warrants by value today were DBS MB eCW140502 (+2.21%), DBS MB eCW140303 (+4.38%) and UOB MB eCW140303 (+8.77%).
Singapore Stock Market
*ST Index 3,116.22 +21.74 3,094.48 +24.25
Volume: 2,341.5M 3,043.2M
Value: $710.6M $1,155.7M
Gainers/Losers: 220/206 269/161
Daily Market Commentary (Securities)
23 Dec 2013
The FBM KLCI index lost 5.43 points or 0.30% on Monday. The Finance Index fell 0.25% to 16796.85 points, the Properties Index dropped 0.91% to 1273.42 points and the Plantation Index down 0.87% to 8756.55 points. The market traded within a range of 10.95 points between an intra-day high of 1840.17 and a low of 1829.22 during the session.
Actively traded stocks include TIGER, KANGER, NEXTNAT-OR, XDL, DAYA, TMS, SOLUTN, SONA-WA, SUMATEC and DSONIC. Trading volume decreased to 919.93 mil shares worth RM919.46 mil as compared to Friday’s 980.25 mil shares worth RM1365.82 mil.
Leading Movers were PPB (+56 sen to RM15.76), BAT (+44 sen to RM63.04), PBBANK (+26 sen to RM18.80), PETCHEM (+24 sen to RM6.88) and TENAGA (+18 sen to RM11.00). Lagging Movers were PETGAS (-62 sen to RM23.52), PETDAG (-54 sen to RM30.32), HLFG (-44 sen to RM15.26) and KLK (-28 sen to RM23.92) .Market breadth was negative with 293 gainers as compared to 456 losers.
The KLCI finished lower at 1832.86 points in the first trading day of the week. The investors traded cautiously in the negative territory as the sentiments were dented after the US Federal Reserve decided last week to start tapering its stimulus program in January next year. Besides, the approaching holidays had also induced investors to lock in their profit while the trading volume stayed low at below 1 billion level.
As of 23 December 2013 Unit: M.Baht
Type Buy Sell Net
Institution 2,019.78 2,494.72 -474.94
Proprietary 3,094.37 2,313.83 780.54
Foreign 8,180.09 9,015.46 -835.37
Individual 11,573.83 11,044.05 529.78
Total Trading Value 24,868.07 M.Baht
Vietnam's benchmark VN Index rose 0.84 percent on Monday on bargain buying in blue chip shares that fell in the previous session, analysts said.
Investors bought shares that dropped on selling by two exchange-traded funds (ETF) on Friday, the last day of their fourth-quarter portfolio restructuring, analysts said.
Shares of real estate firm Vingroup led the gains, surging 6.06 percent to 70,000 dong ($3.32) each.
PetroVietNam Gas , Vietnam's largest listed firm advanced 1.55 percent, and Hanoi-based lender Vietcombank climbed 1.12 percent.
However, shares of food producer Ma San Group fell 1.72 percent.
Trading volume reached 108.2 million shares on Monday, higher than the five-day average of 99.5 million, Reuters data showed, due to selling in some speculative stocks.
Real estate firm FLC Group dropped 6.36 percent in its highest trading volume on record of 12.8 million shares,
Here is a snapshot of the VN Index at the close
VN Index 508.68
PREV. CLOSE 504.45
% CHANGE 0.84%
Thai stocks closed at 15-week lows on Monday amid domestic political tensions and selling in banks and tourism-related shares, while stocks in Indonesia extended losses near one-week lows as players locked in gains in shares of coal miners.
Thai SET index slipped 1.2 percent to 1,326.14, the lowest since Sept. 6, dragged by a 3.4 percent drop in banking shares and a 1.8 percent fall in tourism shares due to the economic and political impact on their earnings outlook.
The index had fallen almost 5 percent so far this year, making it Southeast Asia's worst performer with the exchange suffering foreign fund outflows for nearly every session since
The Thai baht plumbed its lowest in almost four years on Monday as a political crisis grew more intractable, with anti-government protesters trying to block candidates registering for a February election that is looking increasingly uncertain.
Jakarta's Composite Index finished down 0.1 percent at 4,189.61, the lowest since Dec. 17, extending Friday's 0.9 percent loss. Shares of coal miner Indo Tambangraya Megah dropped 4 percent after a 6 percent surge last week.
Profit taking further derailed Malaysian shares, one of the region's outperformers this year. Kuala Lumpur's composite index fell for a fourth session, down 0.3 percent at 1,832.86, coming off a record close of 1,850.90 hit on Dec. 17.
Affin Investment Bank rated Malaysian stocks "overweight", putting 2014 index target at 1,980 based on its forecast earnings per share growth of 12.3 percent for 2014.
The U.S. Federal Reserve's decision last week to start tapering its asset purchases in January 2014 had not come as a surprise to the majority of market, the research house said in its strategy report.
"Given the strong domestic liquidity and provided that global growth trajectory remains on track - a key condition for tapering to continue, we believe the impact of Fed tapering on Malaysia will not be as severe as feared," it said.
The Fed's tapering announcement appeared to be removing some uncertainty and helped markets in the region further recoup some of their recent losses.
Singapore's key index gained 0.7 percent to 3,116.22, the highest close in more than two weeks, continuing last week's rebounding trend.
Philippine shares were up 0.5 percent, reversing the losses of the previous two sessions ahead of market holidays on Tuesday and Wednesday. Vietnam , Southeast Asia's best performer this year, gained 0.8 percent, reversing Friday's fall.
SOUTHEAST ASIAN STOCK MARKETS
Market Current Prev Close Pct Move
TR SE Asia Index* 384.99 385.40 -0.11
Singapore 3116.22 3094.48 +0.70
Kuala Lumpur 1832.86 1838.03 -0.28
Bangkok 1326.14 1342.72 -1.23
Jakarta 4189.61 4195.56 -0.14
Manila 5854.88 5835.13 +0.34
Ho Chi Minh 508.68 504.45 +0.84
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