ASEAN KEY DESTINATIONS
04 December 2013
The Straits Times Index (STI) ended 26.97 points lower or -0.85% to 3,160.70, taking the year-to-date performance to -0.20%.
The FTSE ST Mid Cap Index declined -0.67% while the FTSE ST Small Cap Index declined -0.38%. The top active stocks were OCBC (-0.97%), DBS (unchanged), SingTel (-0.54%), UOB (-1.00%) and Keppel Corporation (-1.50%).
The outperforming sectors today were represented by the FTSE ST Technology Index (+0.25%). The two biggest stocks of the FTSE ST Basic Technology Index are Liongold Corporation (-5.95%) and STATS ChipPAC (-1.61%). The underperforming sector was the FTSE ST Utilities Index, which declined -1.21% with United Envirotech’s share price remaining unchanged and Hyflux’s share price declining -1.26%. The FTSE ST Consumer Goods Index declined -0.92%.
The three most active Exchange Traded Funds (ETFs) by value today were the iShares MSCI India (+1.70%), SPDR Gold Shares (-0.52%) and DBXT MSCI Thailand TRN ETF (+1.43%).
The three most active Real Estate Investment Trusts (REITs) by value were Ascendas REIT (-1.79%), Suntec REIT (-0.97%) and CapitaMall Trust (-0.52%).
The most active index warrants by value today were HSI23600MBePW140129 (+8.85%), HSI24000MBeCW140129 (-11.85%) and HSI23600MBeCW131230 (-18.90%).
The most active stock warrants by value today were DBS MB eCW140204 (-2.38%), KepCorp MBeCW140203 (-11.22%) and DBS MB ePW140401 (-4.24%).
Singapore Stock Market
*ST Index 3,160.7 -26.97 3,187.67 -1.09
Volume: 1,942.9M 1,392.6M
Value: $1,027.4M $851.7M
Gainers/Losers: 130/267 166/237
Daily Market Commentary (Securities)
4 Dec 2013
The FBM KLCI index lost 2.39 points or 0.13% on Wednesday. The Finance Index increased 0.02% to 16773.48 points, the Properties Index dropped 0.07% to 1275.36 points and the Plantation Index down 0.84% to 8837.92 points. The market traded within a range of 8.50 points between an intra-day high of 1828.46 and a low of 1819.96 during the session.
Actively traded stocks include SUMATEC, SUMATEC-WB, AT, DSCSOL, TIGER-OR, XOX, AMEDIA, TIGER, TENAGA and BENALEC. Trading volume decreased to 1197.92 mil shares worth RM1548.63 mil as compared to Tuesday’s 1241.14 mil shares worth RM2102.39 mil.
Leading Movers were TENAGA (+14 sen to RM10.86), TM (+13 sen to RM5.30), RHBCAP (+12 sen to RM7.79), AMMB (+5 sen to RM7.42) and CIMB (+5 sen to RM7.67). Lagging Movers were HLFG (-74 sen to RM15.26), KLK (-30 sen to RM24.00), MISC (-25 sen to RM5.30), UMW (-18 sen to RM12.32) and PETDAG (-16 sen to RM30.50). Market breadth was negative with 347 gainers as compared to 394 losers.
The FBM KLCI eased 2.39 points to end the day at 1821.90 points. The subdued performance was in tandem with regional peers which mostly ended in red. We reckon certain investors took profit ahead of U.S. jobs data slated to be released this week which would provide guidance as to when the Federal Reserve will reduce stimulus.
As of 4 December 2013 Unit: M.Baht
Type Buy Sell Net
Institution 4,629.41 2,525.93 2,103.49
Proprietary 2,964.40 2,339.66 624.74
Foreign 8,192.47 11,038.86 -2,846.39
Individual 11,547.87 11,429.71 118.16
Total Trading Value 27,334.15 M.Baht
Vietnam's benchmark VN Index ended down 0.14 percent at 510.88 points on Wednesday as stocks moved in mixed directions ahead of an expected increase of foreign ownership and exchange-traded funds (ETF) restructuring portfolio, analysts said.
Shares of dairy product maker Vinamilk fell 0.7 percent and Vietcombank dropped 1.06 percent, but gains in VietinBank , the country's top partly private bank in assets, helped the index avoid steep falls. Its shares rose 0.58
Petrovietnam Transportation Corp was also up 1.61 percent as investors expected the db x-trackers FTSE Vietnam ETF to buy PVT in its fourth quarter's restructuring, analysts said.
Investors were also interested in stocks of firms where foreign holding is at limit as they anticipate the government to soon raise foreign ownership in several listed firm to 60 percent from 49 percent now, analysts added.
Refrigeration Electrical Engineering Corp climbed 0.67 percent on Wednesday.
Here is a snapshot of the VN Index at the close
VN Index 510.88
PREV. CLOSE 511.62
% CHANGE -0.14%
All Southeast Asian markets fell on Wednesday as the prospects for an early reduction in the U.S. Federal Reserve's monetary stimulus prompted investors to sell their risky assets ahead of U.S. jobs data later this week.
The Philippines' main stock index fell 1.2 percent to a one-week low, led by financials. Jakarta's Composite Index lost 1.1 percent, also led by financials.
Singapore's Straits Times Index fell 0.9 percent to a near two-month low.
Unexpectedly strong factory activity data from United States released last week has renewed the possibility of the Fed starting to taper its asset buying programme sooner than expected.
Investors are waiting for more clarity from U.S. employment data out on Friday.
Many analysts expect the Fed to take a decision on reducing its bond purchases at its March meeting, but some think that could be brought forward to January, or at the extreme, later this month, if the employment data comes in strong.
Thailand's stock market , which saw over 18.6 billion baht ($578.4 million) of foreign outflows in five straight sessions through Tuesday, edged down 0.5 percent from a near two-week closing high.
Thai financial markets calmed down on easing political tensions after the country's navy chief ruled out a coup following days of anti-government protests.
Malaysia's broader index , which hit an intraday record high on Tuesday, edged down 0.1 percent with $50.92 million in foreign outflows.
Vietnam's benchmark VN Index ended 0.1 percent down from a near six-month closing high as stocks moved in mixed directions.
SOUTHEAST ASIAN STOCK MARKETS
Market Current Prev Close Pct Move
TR SE Asia Index* 396.98 401.76 -0.94
Singapore 3160.70 3187.67 -0.85
Kuala Lumpur 1821.90 1824.29 -0.13
Bangkok 1376.63 1383.89 -0.52
Jakarta 4241.30 4288.76 -1.11
Manila 6105.23 6179.50 -1.20
Ho Chi Minh 510.88 511.62 -0.14
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