ASEAN KEY DESTINATIONS
09 December 2013
The Straits Times Index (STI) ended 0.53 points lower or -0.02% to 3,113.64, taking the year-to-date performance to -1.69%.
The FTSE ST Mid Cap Index gained +0.11% while the FTSE ST Small Cap Index gained +0.29%. The top active stocks were SingTel (+0.28%), DBS (-0.36%), Genting Hong Kong (-3.37%), Vallianz (+2.44%) and UOB (+0.34%).
The outperforming sectors today were represented by the FTSE ST Technology Index (+3.19%). The two biggest stocks of the FTSE ST Technology Index are Liongold Corp (+18.95%) and STATS ChipPAC (unchanged). The underperforming sector was the FTSE ST Basic Materials Index, which declined -0.86% with Midas Holdings’ price declining -1.01% and Geo Energy Resources’ share price gaining +1.67%. The FTSE ST Consumer Goods Index declined -0.65%.
The three most active Exchange Traded Funds (ETFs) by value today were the SPDR Gold Shares (-0.03%), iShares MSCI India (+2.20%) and DBXT FTSE Vietnam ETF (-0.44%).
The three most active Real Estate Investment Trusts (REITs) by value were Ascendas REIT (+0.46%), Suntec REIT (-0.33%) and CapitaMall Trust (-0.27%).
The most active index warrants by value today were HSI24000MBeCW140129 (-4.17%), HSI24600MBeCW140129 (unchanged) and HSI23600MBePW140129 (-3.42%).
The most active stock warrants by value today were DBS MB eCW140204 (-6.15%), KepCorp MBeCW140203 (+5.13%) and UOB MB eCW140303 (+4.58%).
Singapore Stock Market
*ST Index 3,113.64 -0.53 3,114.17 -10.21
Volume: 2,352.9M 1,476.7M
Value: $1,013.6M $945.2M
Gainers/Losers: 210/186 167/218
Daily Market Commentary (Securities)
9 Dec 2013
The FBM KLCI index gained 14.92 points or 0.82% on Monday. The Finance Index increased 0.70% to 16875.78 points, the Properties Index up 0.12% to 1278.74 points and the Plantation Index rose 0.66% to 9058 points. The market traded within a range of 16.69 points between an intra-day high of 1843.62 and a low of 1826.93 during the session.
Actively traded stocks include SANICHI, TIGER, TIGER-OR, SONA-WA, SONA, CLIQ-WA, INFOTEC, SUMATEC, GPACKET and HIBISCS-WA. Trading volume increased to 1144.11 mil shares worth RM1454.56 mil as compared to Friday’s 1039.55 mil shares worth RM1615.74 mil.
Leading Movers were BAT (+44 sen to RM63.30), PETGAS (+34 sen to RM23.40), HLFG (+44 sen to RM16.00), PETCHEM (+20 sen to RM6.90) and PETDAG (+18 sen to RM30.74). Lagging Movers were KLK (-48 sen to RM23.92), HLBANK (-10 sen to RM14.08), UMW (-8 sen to RM12.24), MAXIS (-4 sen to RM7.13) and ASTRO (-1 sen to RM2.95). Market breadth was positive with 457 gainers as compared to 294 losers.
The KLCI off to a great start by finishing strongly at 1841.87 points in the first trading day of the week. The local bourse was catapulted to record high after being buoyed by the encouraging performance of the plantation index as heavyweights such as IOI Corp, PPB, and FGV capitalised on the news that palm oil import by India may climb amid a delay in the domestic oilseed harvest. Moving to overseas, China’s trade surplus widened last month, indicating that its economy recovery is well supported by the global demand.
Date As of: 09 December 2013
Description Volume Value Frequency
ETF 6,000 624,000 01
Stock 3,230,325,377 3,975,615,854,230 107,504
Right 134,302,486 182,983,414 109
Warrant 16,886,000 411,210,000 566
Total 3,381,519,863 3,976,210,671,644 108,180
As of 9 December 2013 Unit: M.Baht
Type Buy Sell Net
Institution 2,474.35 2,043.79 430.55
Proprietary 2,718.79 2,445.26 273.53
Foreign 6,571.38 9,790.69 -3,219.31
Individual 14,024.04 11,508.81 2,515.23
Total Trading Value 25,788.55 M.Baht
Asia stocks boosted as US unemployment falls
Asian stock markets were mostly higher Monday as signs of U.S. economic recovery offset concerns that the Federal Reserve may reduce its monetary stimulus this month.
Japan's Nikkei 225 gained 1.9 percent to 15,582.31 and Hong Kong's Hang Seng was up 0.3 percent at 23,822.16. Benchmarks in Singapore, South Korea, Taiwan and Indonesia also rose.
China's Shanghai Composite bucked the trend, easing 0.1 percent to 2,235.20 and Australia's S&P/ASX 200 dropped 0.9 percent to 5,137.60.
The U.S. on Friday reported a fourth straight month of job gains, with 203,000 new jobs created in November. The unemployment rate fell to 7.0 percent from 7.3 percent. The strengthening job market focused investors on the improving economy instead of concerns about a possible reduction in the Fed's stimulus at its Dec.
Improvement in the U.S. economy, which is the world's largest, could be a boon for export-reliant Asian nations.
A run of strong economic data last week had already cemented belief among investors that the Fed would back a so-called tapering of its $85 billion in monthly bond purchases. Earlier this year, fears of the stimulus withdrawal had caused jitters in the markets as the monetary injection has helped to shore up stocks for several years.
"The jobs data followed on from several other firm U.S. data releases over the week, highlighting strengthening signs of recovery. Equities reacted well, rising as fears over tapering were outweighed by concrete signs of recovery," Credit Agricole CIB in Hong Kong said in a market commentary.
Some analysts, however, said the jury is still out on the timing of stimulus reduction.
Singapore-based Mizuho Bank Ltd. said markets may be wary that upcoming U.S. budget negotiations could stumble, which will be bad for confidence and that could encourage the Fed to leave the asset purchases in place.
DBS Vickers in Hong Kong said U.S. inflation is still low, easing to 1.1 percent in November, and that the jobs data may not be strong enough to convince the Fed that the economy is on a self-sustaining recovery path.
"Tapering will come but April still looks a good time frame to us, with risks to the far side rather than the near side," it said.
On Wall Street, the Dow Jones industrial average added 1.3 percent on Friday to close at 16,020.20. The Standard & Poor's 500 rose 1.1 percent to 1,805.09 for its biggest gain in a month.
Benchmark crude for January delivery was up 17 cents at $97.82 a barrel in electronic trading on the New York Mercantile Exchange. The contract rose 27 cents to close at $97.65 on Friday.
In currencies, the euro was little changed at $1.3702 from $1.3704 late Friday. The dollar fell to 102.97 yen from 103.04 yen.
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