ASEAN KEY DESTINATIONS
09 December 2014
The Straits Times Index (STI) ended +1.43 points higher or +0.04% to 3304.82, taking the year-to-date performance to +4.42%.
The FTSE ST Mid Cap Index declined -0.08% while the FTSE ST Small Cap Index declined -0.36%. The top active stocks were OCBC Bank (+2.06%), DBS (+1.85%), SingTel (+1.81%), UOB (+0.25%) and SGX (+3.40%).
The outperforming sectors today were represented by the FTSE ST Health Care Index (+1.49%). The two biggest stocks of the FTSE ST Health Care Index are Raffles Medical Group (+0.26%) and Biosensors International Group (+2.04%). The underperforming sector was the FTSE ST Utilities Index, which declined -1.36% with United Envirotech’s share price unchanged and Hyflux’s share price declining -3.05%.
The three most active Exchange Traded Funds (ETFs) by value today were the DBXT CSI300 ETF (-5.81%), United SSE 50 China ETF (-9.30%), LYXOR China H 10 (-2.69%).
The three most active Real Estate Investment Trusts (REITs) by value were Suntec REIT (+2.37%), CapitaMall Trust (+0.25%), Lippo Malls Tr (-6.85%).
The most active index warrants by value today were HSI24600MBeCW150129 (-32.74%), HSI23200MBePW150129 (+46.25%), HSI23800MBePW150129 (+36.29%).
The most active stock warrants by value today were DBS MB eCW150602 (+7.90%), OCBC Bk MBeCW150413 (+13.51%), KepCorp MBeCW150602 (+2.50%).
Singapore Stock Market
*ST Index 3,319.84 +22 3,297.84 -26.55
Volume: 1,581.3M 1,273.5M
Value: $1,178.4M $1,018.8M
Gainers/Losers: 156/263 135/273
Daily Market Commentary (Securities)
9 Dec 2014
The FBM KLCI index lost 2.74 points or 0.16% on Tuesday. The Finance Index increased 0.10% to 15535.71 points, the Properties Index dropped 0.63% to 1317.45 points and the Plantation Index down 0.88% to 7861.59 points. The market traded within a range of 10.54 points between an intra-day high of 1741.31 and a low of 1730.77 during the session.
Actively traded stocks include COMPUGT, HSI-CJ, SUMATEC, SKPETRO, SYSTECH, FBMKLCI-HG, ARMADA, PERISAI, IFCAMSC and HSI-H4. Trading volume increased to 1443.33 mil shares worth RM1702.35 mil as compared to Monday’s 1245.14 mil shares worth RM1524.97 mil.
Leading Movers were TM (+26 sen to RM6.90), HLBANK (+34 sen to RM14.30), ASTRO (+7 sen to RM3.33), MAXIS (+7 sen to RM6.62) and GENM (+4 sen to RM4.14). Lagging Movers were FGV (-12 sen to RM2.85), SKPETRO (-7 sen to RM2.45), PETGAS (-48 sen to RM21.50), PPB (-20 sen to RM13.62) and KLK (-30 sen to RM21.40). Market breadth was negative with 216 gainers as compared to 647 losers.
The KLCI closed lower at 1738.10 points, in line with the losses in regional markets. Market breadth was negative where most of the stocks listed on Bursa Malaysia were in the red, succumbing to the continuing selling pressure. Our local bourse remained clouded by the falling crude oil prices and the worries over challenging economic outlook for Malaysia next year.
As of 9 December 2014 Unit: M.Baht
Type Buy Sell Net
Institution 7,309.73 6,120.01 1,189.72
Proprietary 4,692.35 5,931.31 -1,238.96
Foreign 8,599.76 12,143.54 -3,543.78
Individual 34,806.56 31,213.54 3,593.01
Total Trading Value 55,408.40 M.Baht
Vietnam index hits 6-mth low on heavy selling
Vietnam's benchmark VN Index tumbled 2.86 percent to close at the lowest in half a year, beyond market expectations, as sharp falls in energy shares
triggered margin call and offloads in the broader market.
The index closed at 555.31, the lowest since June 5, while the Tuesday drop is the biggest since May 12 when investors withdrew funds amid rising tension at sea with China.
Nearly three quarters of the equities lost ground on Tuesday, led by the hammered oil and gas sector that was hurt by lower global crude prices, while volume surged to a two-month high with 192 million shares.
Energy-related stocks on both Vietnamese exchanges were battered to close near their floor prices. PetroVietNam Gas <GAS.HM> , the country's top listed firm by market value, hit near a 11-month low with a 6.79-percent loss.
Analysts attributed recent drops in Vietnamese energy shares to weaker global oil prices, but were surprised with such strong offloads on the sector and effect on the broader market.
"The market is out of control... Margin call on energy shares has started since yesterday and I thought there would be a domino effect but didn't expect it to be this strong and fast," said deputy manager Nguyen Thanh Lam of Maybank Kim Eng Securities.
Benchmark Brent crude slipped again on Tuesday to its lowest in five years, dropping below $66 a barrel after plunging more than 4 percent the day before on worries of a swelling supply glut.
Food producer Masan Group managed to close flat among its declining peers, having announced on Monday its subsidiary Masan Consumer Holdings raised 2.1 trillion dong ($98.48 million) via selling 10-year bonds at a fixed coupon of 8 percent per year.
Here is a snapshot of the VN Index at the close
VN Index 555.31
PREV. CLOSE 571.68
% CHANGE -2.86%
SE Asia Stocks -Thai index falls on sell-off in energy shares
Most Southeast Asian stock markets fell on Tuesday, with the key Thai share index hitting a six-week closing low amid sell- offs in energy shares, while
foreign outflows pulled most other regional indexes lower.
The key SET index fell 1 percent to 1,559.56, the lowest closing level since Oct. 28.
Shares of PTT Pcl , the country's biggest oil and gas firm, dropped 6 percent, the worst single-day loss since October 2011. Brent crude oil hit a fresh five-year low on Tuesday before steadying near $66 a barrel.
Foreign investors sold shares worth a net 3.5 billion baht ($106.32 million), erasing their net purchase of 1.8 billion baht on Monday.
The Thai stock market will be closed on Wednesday for a public holiday, reopening on Thursday.
The Malaysian bourse reported net foreign selling worth 282 million ringgit ($80.99 million), while the Kuala Lumpur composite index fell for a second session to its lowest close since September 2013.
Indonesia's key share index finished at a two-week closing low, with net foreign selling worth 461 billion rupiah ($37.40 million).
SOUTHEAST ASIAN STOCK MARKETS
Market Current Prev Close Pct Move
Singapore 3319.84 3297.84 +0.67
Kuala Lumpur 1738.10 1740.84 -0.16
Bangkok 1559.56 1575.55 -1.01
Jakarta 5122.31 5144.01 -0.42
Manila 7183.87 7230.56 -0.65