ASEAN KEY DESTINATIONS
02 December 2014
The Straits Times Index (STI) ended +16.68 points higher or +0.50% to 3322.32, taking the year-to-date performance to +4.97%.
The FTSE ST Mid Cap Index declined -0.30% while the FTSE ST Small Cap Index gained +0.17%. The top active stocks were Keppel Corp (-0.35%), DBS (-0.26%), SingTel (+1.56%), OCBC Bank (+1.66%) and Ezion (+4.93%).
The outperforming sectors today were represented by the FTSE ST Consumer Goods Index (+1.49%). The two biggest stocks of the FTSE ST Consumer Goods Index are Wilmar International (+1.27%) and Thai Beverage (+2.27%). The underperforming sector was the FTSE ST Technology Index, which declined -2.02% with Silverlake Axis’s share price declining -3.15% and STATS ChipPAC’s share price declining -2.35%.
The three most active Exchange Traded Funds (ETFs) by value today were the IS MSCI India (+0.90%), SPDR Gold Shares (+2.97%), United SSE 50 China ETF (+6.11%).
The three most active Real Estate Investment Trusts (REITs) by value were Suntec REIT (-0.26%), CapitaCom Trust (-0.30%), Ascendas REIT (+0.87%).
The most active index warrants by value today were HSI23200MBePW150129 (-21.48%), HSI23400MBeCW150129 (+8.44%), HSI23800MBeCW141230 (+36.84%).
The most active stock warrants by value today were DBS MB eCW150602 (+0.91%), UOB MB eCW150415 (+1.33%), DBS MB ePW150402 (-2.52%).
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Singapore Stock Market
*ST Index 3,322.32 +16.68 3,305.64 -44.86
Volume: 1,182.3M 1,719.7M
Value: $1,067.5M $1,265.2M
Gainers/Losers: 219/171 84/400
Daily Market Commentary (Securities)
2 Dec 2014
The FBM KLCI index gained 7.70 points or 0.43% on Tuesday. The Finance Index increased 0.25% to 15954.09 points, the Properties Index up 0.27% to 1356.68 points and the Plantation Index down 0.13% to 8164.5 points. The market traded within a range of 25.87 points between an intra-day high of 1789.42 and a low of 1763.55 during the session.
Actively traded stocks include MINETEC, KNM, DIALOG, NEXGRAM, ARMADA, IFACAMSC, JAG, SYSTECH, SUMATEC and SKPETRO. Trading volume decreased to 2161.18 mil shares worth RM2178.13 mil as compared to Monday’s 2756.83 mil shares worth RM2955.93 mil.
Leading Movers were PETCHEM (+37 sen to RM5.50), GENTING (+31 sen to RM9.45), CIMB (+18 sen to RM5.80), ASTRO (+10 sen to RM3.44) and YTL (+4 sen to RM1.61). Lagging Movers were BAT (-250 sen to RM70.50), HLFG (-40 sen to RM16.80), PPB (-32 sen to RM15.00), HLBANK (-26 sen to RM14.02) and UMW (-18 sen to RM10.92). Market breadth was positive with 439 gainers as compared to 400 losers.
The KLCI rebounded from yesterday’s losses by ending 7.70 points higher at 1785.97 on bargain hunting as most of Asian peers advanced due to rebound in the crude oil price, despite the negative lead from Wall Street. The performance of our benchmark index was underpinned buying interest in Petronas-linked counters and banking stocks such as Maybank and CIMB.
Thai bourse announces 2015 plan, gearing towards to Digital Exchange with sustainability
BANGKOK, December 2, 2014 – The Stock Exchange of Thailand (SET) has revealed its 2015 plan focusing on improving product and service with quality, growing liquidity, increasing diversification and internationalize product and service, continuously working closely with capital markets in Greater Mekong Subregion (GMS), as well as enhancing infrastructure and capability. It will pave way for a Digital Exchange to accommodate new business and meet future demands, further leading the Thai capital market towards sustainable growth.
In 2014, SET achieved key milestones to become ASEAN’s number one in several aspects, covering (1) average daily trading value rising to THB 44.5 billion (USD 1.35 billion), from January to November, 2015, the highest in ASEAN for three consecutive years (2) MSCI having added three Thai stocks into MSCI Global Standard Indices, the highest number of net additions in ASEAN (3) Dow Jones included ten Thai listed companies in the Dow Jones Sustainability Indices (DJSI), the highest number of additions in ASEAN and (4) the ASEAN CG Scorecard showing that average corporate governance (CG) score of Thai listed companies has topped off all other ASEAN companies. (6) SET joining the UN Sustainable Stock Exchanges (SSE) initiative, becoming the first exchange in ASEAN to pledge commitment to the promotion of sustainability within its capital markets.
SET Chairman Sathit Limpongpan stated, “To manage the upcoming internal and external uncertainties, in 2015 we will put the “Digital - Diversified – Sustainable – Internationalized” (DDSI) concept into action by facilitating IT system for all parties in the capital market, expanding investor base, as well as diversifying products and assets to multi-market and multi-asset levels, while developing existing products. SET plans to expand business internationally and enhance stakeholders on sustainable competitiveness by adhering to good corporate governance, contributing to environment and society, in line with SET’s target towards sustainable growth in 2020.”
Meanwhile, SET has been supporting potential firms to participate in the DJSI. Currently, Thai listed companies have been selected to join in the DJSI. In addition, SET has encouraged fund firms to issue a type of fund giving financial yields both financial and environmental returns. SET has geared up to support Social Enterprises running their business with social and environmental considerations as well as being sustainable self-reliant companies. Besides, SET will continue to internationalize its GMS and global businesses to achieve sustainable growth by 2020, Sathit added
SET President Kesara Manchusree viewed that in 2015 Thailand’s economy would recover with higher growth than in 2014, corresponding with the business growth in Mekong sub-region and the upcoming AEC. Therefore, SET aimed to implement the four key elements of 2015 strategy covering:
1. Improving product and service quality: In 2015, SET has planned to grow market capitalization from IPOs among industry leaders which are transportation and logistics, tourism, alternative energy, and agriculture and food, as well as adding foreign listing, especially companies in GMS countries. It aims to grow market capitalization from IPOs by THB 250 billion (USD 7.56 billion) and increase fundraising from existing listed securities by THB 130 billion.
2. Growing liquidity: SET aims to balance its investors’ portfolio by enhancing knowledge among investors and stakeholders in order to increase mutual fund and provident fund investment. Furthermore, SET plans to develop expertise among investors, market makers and stakeholders in SET and Thailand’s Futures Exchange (TFEX) to increase liquidity, with expectations to boost average daily derivatives trading to 190,000 contracts, expecting average daily trading by THB 52,000 million in 2015.
3. Increasing diversification and internationalizing products and services: SET plans to launch USD-denominated products for stock and derivatives transaction to facilitate Thai and foreign investors. In addition, it will continue to conduct securities list of companies in GMS and to develop knowledge and expertise in the region, as well as enhancing collaboration with the global markets to become the forefront of regional capital market.
4. Enhancing infrastructure and capacity to meet future requirements: SET will launch new clearing services for equities in 2015 and expand digital listing services (Digital IPOs) covering all products to facilitate investors and stakeholders. SET will improve listed firms’ online information system including corporate action database. It has started conducting feasibility studies to reduce time of clearing and settlement process to two working days from three days.
In line with SET’s mission to strengthen Thai firms’ capabilities and quality towards sustainability, SET will continue to enhance corporate operation on environmental, social and governance (ESG) aspects, conduct and promote firms to run business according to ESG standards. Furthermore, SET will continue to create awareness of ESG practices in the capital market, as well as supporting potential firms to participate in the Dow Jones Sustainability Indices (DJSI). On top of this, it will continue to promote investment knowledge among investors through various projects, such as SET your wealth SET your life, Investor’s Classroom, etc.
“With many initiatives in stock for 2015 and beyond, SET is ready to move into the new head office by the end of next year. The new headquarters has been designed to match the ‘Digital Exchange’ concept, and will be the Thai capital market’s real learning center to enhance investment knowledge and activities for current investors and inspire the new generation investors, as well as facilitating the Thai capital market towards sustainable growth,” Kesara added.
As of 2 December 2014 Unit: M.Baht
Type Buy Sell Net
Institution 4,595.16 4,346.97 248.20
Proprietary 4,049.38 4,208.44 -159.06
Foreign 11,144.06 10,589.21 554.85
Individual 28,048.21 28,692.20 -643.99
Total Trading Value 47,836.81 M.Baht
Vietnam index rises 0.2 pct, GAS leads on dividend plan
Vietnam's benchmark VN Index edged up 0.25 percent, led by PetroVietNam Gas , Vietnam's top firm by market value, after the firm announced a
GAS shares closed up 1.18 percent, snapping a streak of seven losses that dragged the big-cap down to the lowest level in nearly eight months, Reuters data showed.
PetroVietNam would pay a cash dividend equivalent to 18 percent of the firm's registered capital, which stood at 18.95 trillion dong ($887.17 million) according to the exchange's data, the firm said late on Monday.
Some other gains included Mobile World , Vietnam's largest mobile phone retailer, that jumped 6.47 percent, but the total volume fell to near a one-month low at 101.6 million, according to Thomson Reuters data.
Here is a snapshot of the VN Index at the close
VN Index 569.43
PREV. CLOSE 568.01
% CHANGE 0.25%
SE Asia Stocks-Higher; Malaysia comes off six-week low
Southeast Asian stock markets rose on Tuesday as a rally in crude oil markets from five-year lows helped recoup losses in regional oil and gas stocks and investors selectively bought into shares expected to benefit from lower oil.
Malaysia's key index gained 0.4 percent to 1,785.97, after Monday's 2.3 percent drop to a more than six-week closing low of 1,778.27.
Bargain hunting emerged late in the day as the market slipped to a near oversold territory. The index's 14-day Relative Strength Index (RSI) closed at 37.2 versus 33.6 on Monday. A level of 30 or below indicates the market is oversold.
Beaten-down shares such as Sapurakencana Petroleum and UMW Oil and Gas Corporation led the rebound.
Singapore's Straits Times Index rose 0.5 percent, coming off a two-week closing low hit on Monday and the Thai SET index <.SETI> ended slightly higher after hovering in negative territory during early trade.
Among bright spots, shares of Thailand's biggest industrial conglomerate Siam Cement advanced 0.4 percent and Indonesia's airline firm Garuda Indonesia jumped 3.7 percent, with brokers citing a positive earnings outlook due to lower energy costs.
SOUTHEAST ASIAN STOCK MARKETS
Market Current Prev Close Pct Move
Singapore 3322.32 3305.64 +0.50
Kuala Lumpur 1785.97 1778.27 +0.43
Bangkok 1594.00 1593.82 +0.01
Jakarta 5175.79 5164.29 +0.22
Manila 7344.23 7331.73 +0.17
Ho Chi Minh 569.43 568.01 +0.25