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ASEAN STOCK WATCH Asean Affairs  10 February 2014 


Singapore

10 February 2014

The Straits Times Index (STI) ended +4.06 points higher or +0.13% to 3017.2, taking the year-to-date performance to -4.67%.

The FTSE ST Mid Cap Index declined -0.04% while the FTSE ST Small Cap Index declined -0.31%. The top active stocks were SingTel (+0.29%), DBS (+0.18%), UOB (-0.25%), Genting SP (+1.80%) and Keppel Corp (-0.39%).

The outperforming sectors today were represented by the FTSE ST Utilities Index (+2.27%). The two biggest stocks of the FTSE ST Utilities Index are Hyflux (+3.93%) and HanKore (+0.91%). The underperforming sector was the FTSE ST Basic Materials Index, which declined -1.97% with Midas Holdings’ share price declining -1.11% and Geo Energy Resources’ share price declining -3.08%. The FTSE ST Financials Index gained +0.05%.

The three most active Exchange Traded Funds (ETFs) by value today were the DBXT FTSE Vietnam ETF (+1.33%), SPDR Gold Shares (+1.00%), SPDR Straits Times Index ETF (+0.33%).

The three most active Real Estate Investment Trusts (REITs) by value were CapitaMall Trust (-0.55%), CapitaCommercial Trust (+0.36%), Ascendas REIT (+0.47%).

The most active index warrants by value today were HSI21600MBePW140328 (-2.70%), HSI21600MBePW140227 (-4.55%), HSI22000MBeCW140328 (-2.25%).

The most active stock warrants by value today were UOB MB eCW140701 (-10.62%), KepCorp MBeCW140603 (-4.88%), DBS MB eCW140502 (-8.22%).

 Singapore Stock Market
                              Monday                Friday
*ST Index        3,017.2  +4.06       3,013.14  +24.87
Volume:              1,530.1M                 2,209.6M
Value:                  $884.8M               $1,198.4M
Gainers/Losers:      189/244                  234/188


Malaysia

Daily Market Commentary (Securities)
10 Feb 2014

The FBM KLCI index gained 7.55 points or 0.42% on Monday. The Finance Index increased 0.4% to 16629.35 points, the Properties Index up 1.7% to 1276.39 points and the Plantation Index rose 0.4% to 8429.87 points. The market traded within a range of 7.7 points between an intra-day high of 1819.99 and a low of 1812.29 during the session.

Actively traded stocks include PDZ, MINETEC, FRONTKN, HUBLINE, KELADI, KNM, IRIS, SONA-WA, XDL and TIGER-WB. Trading volume increased to 1938.11 mil shares worth RM1866.8mil as compared to Friday’s 1860.72 mil shares worth RM2204.57 mil.

Leading Movers were MISC (+13 sen to RM6.23), CIMB (+14 sen to RM7.15), IOICORP (+8 sen to RM4.19), GENTING (+10 sen to RM10.16) and SKPETRO (+4 sen to RM4.55). Lagging Movers were BAT (-74 sen to RM60.9), IOIPG (-3 sen to RM2.57), PETDAG (-24 sen to RM30.26), HLBANK (-10 sen to RM14.10) and YTKL (-1 sen to RM1.57). Market breadth was positive with 530 gainers as compared to 267 losers.

The KLCI started the week on a positive note, closed higher at 1816.14 points. Local market sentiment was supported by the bullish performance in the U.S. and European market as unemployment rate in U.S. fell to the lowest level since Oct 2008 and gave a boost to the investors’ confidence in the U.S. economy.


Indonesia

Indonesian consumers remain optimistic, but worry about jobs

 Indonesia's consumers remained optimistic about prospects for the economy in January, but were more concerned about the availability of jobs, a Bank Indonesia
survey showed on Monday.
    
The consumer confidence index edged up to 116.7 from 116.5 in December. A reading above 100 indicates that consumers in general are optimistic.  
   
 Price pressures were expected to increase in the next three months and will surge over the next six months, bolstered by Muslim holidays, as well as rising worries about the security, social and political situations after presidential election on July 9.
         
                                              JAN       DEC       NOV
 Consumer confidence index     116.7      116.5      114.3
 Present situation index             110.9      111.6      107.2
 Expectation index                   122.4      121.3      121.4
 
    CONTEXT  

 - Bank Indonesia (BI) will hold its next monthly policy meeting to decide its benchmark reference rate on Feb. 13.

 - January inflation was 8.22 percent, while core inflation was 4.53 percent from a year earlier. Both eased slightly from December.
 
 - Bank Indonesia reported bank loans in December grew 21.4 percent, slowing from 21.9 percent the previous month.
   
- For 2013, the economy expanded at the slowest pace in four years at 5.78 percent.

 - The central bank expects annual inflation to be around  3.5-5.5 percent in 2014.  
 
Trade Summary
Date As of:     10 February 2014    
Description               Volume                         Value         Frequency
ETF                          28,000                19,891,000                    94
Stock              4,507,552,040     5,329,708,319,928            237,221
Warrant               91,930,900            7,870,984,300               2,247
Total               4,599,510,940      5,337,599,195,228           239,562


Thailand

Thai bourse announces winners of 2013 Young Financial Star
 
BANGKOK, February 10, 2014 – The Stock Exchange of Thailand (SET), together with Thailand Futures Exchange (TFEX), Muang Thai Life Assurance pcl, PTT pcl, Kasikornbank pcl, Association of Securities Companies, Thai Financial Planner Association, and The Capital Market Development Fund Foundation, announces the winners of "Young Financial Star Competition 2013" (YFS), consisting of three young financiers and two groups of students. The total award value is THB 5 million (approx. USD162,000).

The competition, now held for eleven consecutive years, searches for the most competent young financiers from Thai university students nationwide. This year, the contest attracted 5,628 students from 96 institutions.

"YFS is one of SET's sustainable CSR activities committed to driving business and economic growth through practical education. YFS’s key objective is to empower university students to increase their financial and investment management expertise, inclusive of social responsibility, paving the way to becoming investment professionals and prudent investors. We are very proud of the work from these students, who have demonstrated their insights into the financial, investment and capital market world,” said SET President Charamporn Jotikasthira.

SET is committed to promoting financial and investment expertise from basic to advanced levels, to youth, the general public, and investors. It is significant that YFS has contributed to society by producing capital market professionals or prudent investors. YFS 2013 has embraced a total of 226 persons who successfully passed the Securities Investment Consultant course, representing 73 percent of the total 309 candidates. Among these, 174 persons (out of 244) earned a derivatives license, representing 71 percent. On top of this, 46 persons who made it to the final round were awarded the special training and testing for the Certified Investment and Securities Analyst course and Certified Financial Planner course for financial advisors.

The YFS 2013 winners are 1. Sikkhawat Suesatcha from Thammasat University, as SET Star Investment Star 2. Chaiwat Patjareesakul from Thammasat University, as K-Expert Star  3. Pattarakorn Tantratananuwat from Thammasat University, as Muang Thai Star Insurance Star, and two student groups were granted the PTT CSR Star Team  and TFEX Derivatives Star Team.

YFS 2013 ran from October 2013 to January 2014, opening up opportunities, enabling the qualified youths to learn from intensive and challenging scenarios in finance and investment. The final round was held on February 9. The winners and first runner-ups were granted scholarships for financial study trips in Thailand and overseas.

Trading Summary

As of  10 February 2014         Unit: M.Baht
Type                        Buy                    Sell               Net        
Institution           1,896.80            2,511.34         -614.54     
Proprietary          2,162.89           2,713.82         -550.93     
Foreign               6,416.51           7,208.44         -791.93     
Individual          12,618.05         10,660.65        1,957.40     
Total Trading Value     23,094.25 M.Baht     

                                               
Vietnam

Vietnam's benchmark VN Index  climbed 1.12 percent on Monday to close at 555.9 points as investors picked up blue-chips that fell over the past few sessions.
    
Real-estate company Vingroup  rose 2.01 percent while Hanoi-based lender BIDV  , Vietnam's largest listed bank by assets, advanced 2.41 percent.
   
Shares of property firm HAGL   jumped 6.58 percent to 24,300 dong ($1.15), its highest close since April 2013.

The index rebounding in good liquidity after three straight sessions of falls showed that it would rise further with strong buying demand around its support level at 550 points, said Doan Minh Quan, manager at ACB Securities.

Investment funds usually invest strongly in the Vietnamese share market in the first quarter, Quan added.

    Here is a snapshot of the VN Index  at the close

                         VN Index         555.9              
                   PREV. CLOSE       549.76              
                     % CHANGE        1.12%              
                                                    
                     HIGH        555.9              
                      LOW       548.56              
                                        

Asean

Singapore stocks pared losses to rise on Monday as active buying in midcaps such as Genting Singapore   outweighed concerns about a proposed reform
of market rules, while Thai shares retreated as protests by rice farmers added to the political uncertainty.

 Singapore's main index  ended up 0.1 percent at 3,017.20, bouncing off the day's low of 3,003.48. Genting Singapore rose 1.8 percent and was the top percentage gainer, buoyed by a brokerage upgrade and its plan to develop a $2.2 billion casino resort in South Korea.  
 
Shares of bourse operator Singapore Exchange  fell 1 percent, the biggest percentage loser on the benchmark, as the proposed market reforms, released late on Friday, worried investors of a possible fall in trading volumes.

The Thai SET index  closed 0.5 percent lower from a two-week closing high of 1,296.49 in the previous session, amid political problems and technical-led selling around 1,300 level, brokers said.

More than 1,000 farmers protested outside the Thai government's temporary headquarters on Monday over the state's failure to pay for rice bought under a subsidy scheme that the caretaker administration admits it is struggling to fund.

 Indonesian shares ended 0.4 percent lower, dragged down by late selling as investors trimmed risk positions ahead of Bank Indonesia's interest rate review later in the week.

Jakarta rallied last week, helped by a set of favourable economic data.
    
Malaysia   rose 0.4 percent as local institutions led buyers, while the Philippines   was up 0.5 percent, with foreign investors buying a net 43.6 million peso ($969,000), stock exchange data showed.

 Vietnam's benchmark VN Index  climbed 1.12 percent as investors picked up blue chips that fell over the past few sessions.  
         
SOUTHEAST ASIAN STOCK MARKETS

 Market                   Current     Prev Close    Pct Move
 TR SE Asia Index*   381.75        381.62        +0.03
 Singapore              3017.20       3013.14        +0.13
 Kuala Lumpur        1816.14       1808.59        +0.42
 Bangkok                1290.66       1296.49         -0.45
 Jakarta                  4450.75       4466.67         -0.36
 Manila                   6042.25       6011.14        +0.52
 Ho Chi Minh            555.90        549.76         +1.12
 



 
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ASEAN NEWS UPDATES      Updated: 04 January 2011

 • Women Shariah scholars see gender gap closing
• Bank Indonesia may hold key rate as inflation hits 7 percent
• Bursa Malaysia to revamp business rules
• Private property prices hit new high in Singapore • Bangkok moves on mass transport
• Thai retailers are upbeat
• Rice exports likely to decline • Vietnamese PM projects 10-year socioeconomic plan

ASEAN  ANALYSIS

This year in Thailand-what next?


AseanAffairs   04 January 2011
By David Swartzentruber      

It is commonplace in journalism to write two types of articles at the transition point between the year that has passed and the New Year. As this writer qualifies as an “old hand” in observing Thailand with a track record dating back 14 years, it is time take a shot at what may unfold in Thailand in 2011.

The first issue that can’t be answered is the health of Thailand’s beloved King Bhumibol, who is now 83 years old. He is the world's longest reigning monarch, but elaborate birthday celebrations in December failed to mask concern over his health. More

 


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