ASEAN KEY DESTINATIONS
02 December 2013
The Straits Times Index (STI) ended 12.41 points higher or +0.39% to 3,188.76, taking the year-to-date performance to +0.68%.
The FTSE ST Mid Cap Index gained +0.21% while the FTSE ST Small Cap Index declined -0.03%. The top active stocks were DBS (-1.05%), SingTel (+0.54%), Ezion Holdings (+3.81%), Genting Singapore (+2.72%) and UOB (+0.48%).
The outperforming sectors today were represented by the FTSE ST Industrials Index (+1.12%). The two biggest stocks of the FTSE ST Basic Industrials Index are Jardine Matheson Holdings (+2.10%) and Jardine Strategic Holdings (+1.34%). The underperforming sector was the FTSE ST Basic Materials Index, which declined -0.95% with Midas Holdings’ share price gaining +1.01% and Geo Energy Resources’ share price declining -3.18%. The FTSE ST Consumer Goods Index gained +0.53% while the FTSE ST Technology Index gained +0.50%.
The three most active Exchange Traded Funds (ETFs) by value today were the iShares MSCI India (+4.17%), DBXT MSCI Indonesia ETF (+5.34%) and SPDR Gold Shares (-0.54%).
The three most active Real Estate Investment Trusts (REITs) by value were Ascendas REIT (+1.35%), Suntec REIT (-0.32%) and CapitaMall Trust (+0.51%).
The most active index warrants by value today were HSI24000MBeCW140129 (+3.57%), HSI23600MBeCW131230 (+5.39%) and HSI23600MBePW140129 (-9.32%).
The most active stock warrants by value today were DBS MB eCW140204 (-13.40%), GentingSMBeCW140401 (+11.32%) and OCBC Bk MBeCW140203 (unchanged).
Singapore Stock Market
*ST Index 3,188.76 +12.41 3,176.35 -10.02
Volume: 1,484.6M 1,512.2M
Value: $686.3M $1,115.3M
Gainers/Losers: 169/226 204/192
Daily Market Commentary (Securities)
2 Dec 2013
The FBM KLCI index gained 5.43 points or 0.30% on Monday. The Finance Index increased 0.15% to 16701.4 points, the Properties Index dropped 0.55% to 1268.54 points and the Plantation Index down 0.23% to 8859.55 points. The market traded within a range of 6.48 points between an intra-day high of 1818.15 and a low of 1811.67 during the session.
Actively traded stocks include XOX, SUMATEC, TIGER, UTOPIA, SUMATEC-WB, EAH, AT, L&G, INSAS and INGENCO. Trading volume increased to 1259.51 mil shares worth RM1392.97 mil as compared to Friday’s 1194.70 mil shares worth RM1521.48 mil.
Leading Movers were PPB (+44 sen to RM15.30), PETGAS (+36 sen to RM24.22), HLFG (+18 sen to RM16.00), SKPETRO (+16 sen to RM4.45) and GENTING (+12 sen to RM10.34). Lagging Movers were PETDAG (-60 sen to RM30.60), KLK (-30 sen to RM24.30), UMW (-18 sen to RM12.26), FGV (-8 sen to RM4.38) and CIMB (-3 sen to RM7.55). Market breadth was negative with 284 gainers as compared to 474 losers.
The local bourse inched up higher by 5.43 points to close the first trading day of December 2013 at 1,818.15 points, bolstered by Finance sector heavyweights such as Hong Leong Financial Group, RHB Capital and Hong Leong Bank. Meanwhile, regional peers ended in mix performance, as investors cautiously await key U.S. data this week. We reckon the U.S. data later in the week remains a key focus, with the Federal Reserve poised to reduce its stimulus as soon as it deems the economy is strong enough.
Indonesian shares rose on Monday as data showed an unexpected trade surplus in October after the central bank tightened monetary policy to slow the economy and imports.
The trade surplus was $50 million in October, data from the statistics bureau showed on Monday, compared with an expected deficit of $650 million in a Reuters poll of economists. Exports jumped 2.59 percent compared with a 7.55 percent fall in the previous month. ID:nL4N0JF07H
Property stocks jumped almost 5 percent, while the blue-chip index rose 2.11 percent. The main index was up 1.5 percent.
Shares of both Alam Sutera Realty and Ciputra Development soared more than 11 percent, while Bumi Serpong Damai rose 9.6 percent.
"With better trade data, the rupiah wouldn't be too weakened and we expect interest rates not to be raised again. This is good for banking and property stocks," said Jemmy Paul, a Jakarta-based equity fund manager at Sucorinvest Asset Management.
The Indonesian rupiah jumped more than 2 percent as the central bank and foreign lenders provided more support to the currency.
Date As of: 02 December 2013
Description Volume Value Frequency
Total 5,415,038,931 4,805,942,479,674 130,207
ETF 13,500 9,882,000 04
Stock 5,389,426,931 4,804,520,549,674 129,454
Warrant 25,598,500 1,412,048,000 749
Thai bourse postpones symbol adjustment for contracts expiring in Dec 2013
Bangkok, December 1, 2013 - The Thailand Futures Exchange PCL (TFEX), under the Stock Exchange of Thailand group, postpones adjusting its symbols for derivative contracts with December 2013 maturity (series Z13) from December 2 until further notice in order to prepare for the highest readiness of its system and those of related parties.
The symbols of those contracts remain unchanged, while the last trading day will be the same date as previously announced. That is, the last trading day for SET50 futures and options, stock futures, sector futures and USD futures expiring in December 2013 will be on December 26, 2013 and the last trading day
for gold and silver futures expiring in December 2013 will be on December 24, 2013.
As of 2 December 2013 Unit: M.Baht
Type Buy Sell Net
Institution 4,013.15 2,216.64 1,796.51
Proprietary 4,860.44 3,239.82 1,620.62
Foreign 7,192.83 13,573.53 -6,380.70
Individual 16,388.72 13,425.15 2,963.57
Total Trading Value 32,455.14 M.Baht
Vietnam's benchmark VN Index edged up 0.15 percent on Monday, lifted by gains in shares of gas companies due to a price hike, analysts said.
Gas price in Vietnam rose almost 20 percent on Sunday to about 480,000 dong ($22.77) per 12 kg, the highest level since early 2012, due to a price hike in the global market, state media reported.
Vietnam's largest listed firm PetroVietNam Gas rose 1.56 percent to close at 65,000 dong. Real-estate firm Vingroup climbed 1.45 percent
Other gas firms also gained, including Petrovietnam Low Pressure Gas Distribution Co which climbed 1.72 percent.
But losses in other blue-chips kept the index at a small gain. Dairy products maker Vinamilk lost 0.7 percent while Vietnam's biggest insurer BaoViet Holdings dropped 1.45 percent.
Here is a snapshot of the VN Index at the close
VN Index 508.53
PREV. CLOSE 507.78
% CHANGE 0.15%
All Southeast Asian stocks rose on Monday, led by Indonesia on a series of positive data, while other markets gained after China's factory data showed steady growth in November and Thailand recouped its early losses.
Jakarta's Composite Index jumped 1.5 percent to a one-week high, led by financials after optimistic economic data including a less-then-expected pick up in inflation and a surprise trade surplus in October.
"Inflation, remaining under control, gives positive sentiment for property sector," Jakarta-based Trimegah Securities said in an investor note.
"In addition the... trade balance which is much higher than expected gives very positive sentiment for the property, construction and banking sector."
China's factory activity maintained steady growth momentum in November, boosted by resilient new orders, though the pace of expansion eased slightly from October, a private survey showed on Monday, keeping intact expectations that the economy is on a stabilizing path in the last quarter of the year.
Thailand's SET index , which tumbled more than 1.1 percent in the early trade, recovered to end 0.2 percent firmer after Prime Minister Yingluck Shinawatra said she would "open every door" to find a peaceful solution to the on-going political crisis.
Political tension, however, persisted with the Thai Police using rubber bullets against protesters seeking to topple Shinawatra's government.
The Philippines' broader index ended 0.2 percent firmer at a near two-week high, while Singapore's Straits Times Index gained 0.4 percent to its highest close since Nov. 19.
Malaysia's broader index and Vietnam's benchmark VN Index closed up 0.3 percent and 0.2 percent respectively.
SOUTHEAST ASIAN STOCK MARKETS
Market Current Prev Close Pct Move
TR SE Asia Index* 401.87 399.07 +0.70
Singapore 3188.76 3176.35 +0.39
Kuala Lumpur 1818.15 1812.72 +0.30
Bangkok 1374.26 1371.13 +0.23
Jakarta 4321.98 4256.44 +1.54
Manila 6223.37 6208.82 +0.23
Ho Chi Minh 508.53 507.10 +0.15
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