ASEAN KEY DESTINATIONS
27 December 2013
The Straits Times Index (STI) ended 15.40 points higher or +0.49% to 3,149.76, taking the year-to-date performance to -0.55%.
The FTSE ST Mid Cap Index gained +0.22% while the FTSE ST Small Cap Index gained +0.07%. The top active stocks were Charisma Energy (-4.88%), DBS (+0.71%), Golden Agri-Resources (+0.94%), OEL (+5.09%) and UOB (+0.81%).
The outperforming sectors today were represented by the FTSE ST Consumer Goods Index (+0.64%). The two biggest stocks of the FTSE ST Consumer Goods Index are Wilmar International (unchanged) and Thai Beverage (+0.95%). The underperforming sector was the FTSE ST Basic Materials Index, which declined -0.59% with Midas Holdings’ price remaining unchanged and Geo Energy Resources’ share price declining -1.54%. The FTSE ST Technology Index declined -0.49%.
The three most active Exchange Traded Funds (ETFs) by value today were the SPDR Gold Shares (+0.53%), DBXT S&P CNX Nifty ETF (+0.47%) and DBXT FTSE Vietnam ETF (+0.66%).
The three most active Real Estate Investment Trusts (REITs) by value were Suntec REIT (+0.33%), Ascendas REIT (-0.45%) and CapitaMall Trust (+0.26%).
The most active index warrants by value today were HSI23600MBeCW140227 (-1.74%), HSI23200MBePW140227 (unchanged) and HSI23600MBePW140129 (-3.70%).
The most active stock warrants by value today were UOB MB eCW140303 (+9.92%), DBS MB eCW140303 (+7.74%) and KepCorp MBeCW140203 (+14.29%).
Singapore Stock Market
*ST Index 3,149.76 +15.4 3,134.36 +7.07
Volume: 3,132.5M 3,807.4M
Value: $793.3M $617.7M
Gainers/Losers: 229/193 320/135
Daily Market Commentary (Securities)
27 Dec 2013
The FBM KLCI index gained 16.96 points or 0.92% on Friday. The Finance Index fell 0.04% to 16900.9 points, the Properties Index up 0.42% to 1286.99 points and the Plantation Index rose 1.36% to 8881.22 points. The market traded within a range of 18.73 points between an intra-day high of 1862.63 and a low of 1843.90 during the session.
Actively traded stocks include HUBLINE, XDL, BIMB-WA, NEXTNAT-OR, TIGER, OSKVI, HIBISCS-WA, BJCORP, BENALEC and SUMATEC. Trading volume increased to 1189.12 mil shares worth RM1286.59 mil as compared to Thursday’s 905.01 mil shares worth RM818.25 mil.
Leading Movers were KLK (+50 sen to RM24.60), TENAGA (+46 sen to RM11.60), PPB (+26 sen to RM15.96), PETDAG (+20 sen to RM31.00) and PETGAS (+20 sen to RM23.98). Lagging Movers were BAT (-30 sen to RM63.20), MAYBANK (-9 sen to RM9.95), HLFG (-2 sen to RM15.60), CIMB (-1 sen to RM7.61) and MAXIS (-0 sen to RM7.18). Market breadth was positive with 496 gainers as compared to 261 losers.
The KLCI finished to a new record high at 1861.06 points for the last trading day of the week. The gains was buoyed by the inspiring performance in US and Asia markets as the jobless claim in US showed an improvement in labor market.
Date As of: Friday, December 27, 2013
Description Volume Value Frequency
ETF 6,000 2,444,500 07
Stock 6,823,929,690 9,412,146,760,728 81,931
Right 272,500 19,031,000 17
Warrant 14,392,000 980,022,000 246
Total 6,838,600,190 9,413,148,258,228 82,201
As of 27 December 2013 Unit: M.Baht
Type Buy Sell Net
Institution 6,241.15 8,099.41 -1,858.25
Proprietary 2,625.93 2,229.82 396.11
Foreign 8,794.07 9,510.31 -716.25
Individual 16,022.09 13,843.69 2,178.39
Total Trading Value 33,683.23 M.Baht
Vietnam's benchmark VN Index remained nearly unchanged on Friday as gains in bluechip shares were offset by falls in speculative stocks.
Investors sold speculative stocks that had reached high price levels, such as real estate firm FLC Group , which plummeted 6.93 percent.
FLC shares have lost 17 percent over the past three trading sessions, Reuters data showed.
Hanoi-based lender Vietcombank fell 0.74 percent, while food producer Ma San Group dipped 0.59 percent.
However, the losses were offset by gains in some blue chips as investment funds are pushing up prices to increase their net asset values before the closing of their financial statements on Dec. 31, analysts said.
PetroVietNam Gas , the country's largest listed firm, rose 0.75 percent to its highest closing price since Oct. 9. Dairy product maker Vinamilk also advanced 0.74 percent.
Here is a snapshot of the VN Index at the close
VN Index 506.41
PREV. CLOSE 506.55
% CHANGE -0.03%
Thai shares fell to a near four-month closing low on Friday, capping losses for the year amid domestic political turmoil, while Philippine stocks finished 2013 with their smallest gain in five years.
Thailand's SET index ended down 0.75 percent at 1,298.71 on the final trading day of the year, with selling most active in banks and consumer stocks such as shares of Kasikornbank and shares of retailer CP All .
The benchmark index fell 6.7 percent in 2013 after surging 35.8 percent in 2012.
The exchange recorded about $6.2 billion of net foreign selling on the year, erasing $2.5 billion of net foreign buying in 2012, Thomson Reuters and stock exchange data showed.
The Philippine index was up 0.2 percent on the day and 1.3 percent on the year, the smallest gain since 2009. It brought in 15.6 billion pesos ($350.84 million) of net foreign buying in 2013 after 110 billion peso ($2.47 billion) of net foreign buying in 2012, stock exchange date showed.
Thailand and the Philippines will have a five-day weekend, reopening on Jan. 2.
Others in the region performed well on the day, in line with global markets, with Malaysian shares climbing almost 1 percent to a record close of 1,861.06, led by led by gains in state power firm Tenaga National Bhd and commodities related stocks such as IOI Corporation Bhd]
SOUTHEAST ASIAN STOCK MARKETS
Market Current Prev Close Pct Move
TR SE Asia Index* 385.14 384.64 +0.13
Singapore 3149.76 3134.36 +0.49
Kuala Lumpur 1861.06 1844.10 +0.92
Bangkok 1298.71 1308.46 -0.75
Jakarta 4212.98 4202.83 +0.24
Manila 5889.83 5878.32 +0.20
Ho Chi Minh 506.41 506.55 -0.03
US stocks end day mostly flat in quiet trading
Wall Street's six-day rally stalled out on Friday as stocks ended the day mostly flat in quiet trading.
Bond yields continued to rise. The yield on the 10-year Treasury note climbed above the 3 percent mark. The yield hasn't consistently traded above that level since July 2011. The increase will translate into higher interest rates on mortgages and other kinds of loans.
Energy stocks were among the biggest gainers after oil prices climbed above $100 a barrel for the first time since October. Offshore oil drilling companies Transocean and Diamond Offshore each rose about 1.5 percent. Oil giant ExxonMobil climbed 1 percent.
Sprint jumped 83 cents, or 8 percent, to $10.79 following news reports that Japan's Softbank, which owns Sprint, may use the company as a vehicle to purchase wireless competitor T-Mobile.
Most of Wall Street remains on vacation. Trading volume has been very low this week. Only 2 billion shares changed hands on the New York Stock Exchange on Friday, about 40 percent below the recent average.
There were no major economic reports or corporate earnings Friday.
The Dow Jones industrial average closed down 1.47 points, or 0.01 percent, to 16,478.41.
The Standard & Poor's 500 index fell 0.62 point, or 0.03 percent, to 1,841.40 and the Nasdaq composite was down 10.59 points, or 0.3 percent, at 4,156.59.
Even with Friday's pause, the stock market has been in rally mode heading into the end of the year. The Dow and S&P 500 are up 2.4 percent and 2 percent respectively so far in December, with only two trading days left in the year. For 2013, the S&P 500 is up roughly 29 percent, its best year since 1997, and the Dow is up 25.8 percent, its best year since 1996.
In the bond market, the yield on the 10-year Treasury note rose to 3 percent from 2.99 percent Thursday.
Bond yields have steadily climbed since Dec. 18, when the Federal Reserve announced it was paring back its bond-buying program. The purchases were aimed at keeping long-term interest rates low to encourage borrowing and hiring.
"Interest rates are on a road back to normalcy after being artificially suppressed by the Fed," said Karyn Cavanaugh, market strategist with ING U.S. Investment Management. Cavanaugh said she expects the yield on the 10-year note to rise to about 3.5 percent by the end of 2014.
In corporate news:
General Motors was also among the bigger movers Friday, falling 58 cents, or 1 percent, to $40.94. The automotive giant said it would have to recall 1.5 million cars in China to replace a bracket that secures a fuel pump.
Twitter fell $9.56, or 13 percent, to $63.75. Twitter has soared in recent days, prompting one Wall Street analyst to downgrade the company's stock to the equivalent of "sell," saying the rally was overdone. Even with Friday's sell-off, the social media company's stock is still up 53 percent this month.
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