ASEAN KEY DESTINATIONS
11 February 2014
The Straits Times Index (STI) ended +11.9 points higher or +0.39% to 3029.1, taking the year-to-date performance to -4.29%.
The FTSE ST Mid Cap Index gained +0.57% while the FTSE ST Small Cap Index gained +0.55%. The top active stocks were DBS (unchanged), OCBC (+0.32%), UOB (+0.20%), SingTel (unchanged) and Genting SP (-0.71%).
The outperforming sectors today were represented by the FTSE ST Basic Materials Index (+2.19%). The two biggest stocks of the FTSE ST Basic Materials Index are Midas Holdings (+1.12%) and Geo Energy Resources (+1.59%). The underperforming sector was the FTSE ST Utilities Index, which declined -0.08% with Hyflux’s share price remaining unchanged and HanKore’s share price declining -0.90%. The FTSE ST Financials Index gained +0.31%.
The three most active Exchange Traded Funds (ETFs) by value today were the IShares USD Asia HY Bond ETF (+1.52%), SPDR Gold Shares (+0.86%), DBXT FTSE Vietnam ETF (+1.86%).
The three most active Real Estate Investment Trusts (REITs) by value were Suntec REIT (-0.31%), CapitaCommercial Trust (-0.36%), Ascendas REIT (-0.47%).
The most active index warrants by value today were HSI21600MBePW140328 (-22.92%), HSI22000MBeCW140328 (+29.89%), HSI21600MBePW140227 (-42.86%).
The most active stock warrants by value today were KepCorp MBeCW140603 (+6.84%), OCBC Bk MBeCW140703 (+5.66%), SGX MB eCW141001 (+1.15%).
Singapore Stock Market
*ST Index 3,029.1 +11.9 3,017.2 +4.06
Volume: 1,799M 1,530.1M
Value: $791.5M $884.8M
Gainers/Losers: 288/139 189/244
Daily Market Commentary (Securities)
11 Feb 2014
The FBM KLCI index gained 8.03 points or 0.44% on Tuesday. The Finance Index increased 0.21% to 16664.34 points, the Properties Index up 0.47% to 1282.45 points and the Plantation Index rose 1.03% to 8516.71 points. The market traded within a range of 8.63 points between an intra-day high of 1824.20 and a low of 1815.57 during the session.
Actively traded stocks include SONA-WA, MINETEC, SONA, KNM, PDZ, XDL, KNM-WA, MPAY-WA, MAS and HUBLINE. Trading volume increased to 2709.06 mil shares worth RM2339.51 mil as compared to Monday’s 1938.11 mil shares worth RM1866.80 mil.
Leading Movers were DIGI (+16 sen to RM5.16), CIMB (+8 sen to RM7.23), PBBANK (+12 sen to RM19.24), AXIATA (+6 sen to RM6.56) and IOICORP (+5 sen to RM4.24). Lagging Movers were MISC (-13 sen to RM6.10), PETGAS (-10 sen to RM23.00), HLBANK (-10 sen to RM14.00), PETDAG (-16 sen to RM30.10) and BAT (-32 sen to RM60.58). Market breadth was positive with 494 gainers as compared to 314 losers.
The KLCI raked in moderate gains and closed at 1824.17 points, tracking the overnight gains of Wall Street. Meanwhile, regional market continued to rebound from the recent slump with most of our Asian peers’ ended in positive territory ahead of the Federal Reserve Chairwoman Janet Yellen’s testimony to Congress.
Indonesia's finance ministry raised 1.26 trillion rupiah ($103.51 million) at a sukuk auction on Tuesday, below an indicative target of 1.5 trillion rupiah, the ministry's debt office said.
Southeast Asia's biggest economy only sold six-month T-bills and 29-year project-based sukuk, with yields mixed compared with the previous auction on Jan. 28.
The yield for six-month sharia T-bills was 6.48549, versus 6.68304 percent. The yield for 29-year project-based sukuk was 9.92995 percent, against 9.84367 percent previously.
There were no winning bids for six- and 13-year project-based sukuk.
Total bids were 5.349 trillion rupiah, lower than 5.816 trillion rupiah from previous auction.
Date As of: 11 February 2014
Description Volume Value Frequency
ETF 5,900 4,501,900 59
Stock 4,357,940,410 5,618,871,937,027 237,058
Warrant 129,378,050 12,571,316,550 2,935
Total 4,487,324,360 5,631,447,755,477 240,052
As of 11 February 2014 Unit: M.Baht
Type Buy Sell Net
Institution 3,103.45 2,352.32 751.13
Proprietary 2,675.38 2,493.10 182.28
Foreign 8,184.95 9,642.35 -1,457.40
Individual 10,517.27 9,993.29 523.99
Total Trading Value 24,481.06 M.Baht
Vietnam's benchmark VN Index ended down 0.36 percent on Tuesday, with volume hitting the highest in two months and a half, as investors took profit following recent gains and after the index hit the strong 560-point resistance level.
Investors were cautious and selling was strong when the index hovered around 560 points, said analyst Doan Thi Anh Nguyet at Saigon-Hanoi Securities.
With most blue chips losing ground, the VN Index closed down at 553.90 points after climbing to 561.83 points earlier on Tuesday, nearing the four-year high of 564.61 points reached on Jan. 22.
A total of 175.05 million shares were traded on Tuesday, the highest since Nov. 21, 2013, Reuters data show.
The index has dropped every time it hit near 560 points so far this year, Reuters data showed.
Shares of property firm HAGL dropped 1.23 percent after gaining in the previous three sessions, while Hanoi-based lender BIDV, Vietnam's largest listed bank by assets, lost 0.59 percent.
The index needs supportive news to further rise, but it would not fall below the 540-point support level as the macro-economic outlook is still positive, Nguyet said.
Here is a snapshot of the VN Index at the close
VN Index 553.9
PREV. CLOSE 555.9
% CHANGE -0.36%
Major Southeast Asian stocks rose on Tuesday after active buying in a reporting season and ahead of the Congressional testimony by the new head of the U.S. Federal Reserve, with Thai benchmark capped below a key 1,300 mark amid growing domestic risks.
Bangkok's SET index closed up 0.4 percent after a rangebound session that saw the gauge moving in 1,288-1,299 range. Commodities stocks such as PTT Global Chemical Pcl outperformed as a global recovery bolstered earnings outlook.
Traders said players were wary of the political deadlock, with the inconclusive Feb. 2 poll and rice farmer protests raising risks going forward. Thai exchange noted a fall in volumes to 83 percent of a full-day average over past 30 days.
A member of Thailand's Election Commission said it may prove impossible to complete this month's disrupted election and the whole vote may need to be re-run, implying many months more under a caretaker government with limited powers.
Across the exchanges, investors piled into shares of Southeast Asian firms following their strong earnings, including Indonesia's Bank Mandiri Tbk and Singapore Airlines Ltd both up more than 2 percent.
HSBC Global Research reiterated an 'overweight' rating on Singapore Airlines, citing the stock's compelling valuation, with a target price of S$12.5 compared to the closing price of S$9.75.
Philippine shares outperformed in the region, with the main index up 1 percent at the highest in more than two weeks, with foreign investors buying shares a net 560.6 million peso ($12.46 million).
MSCI's broadest index of Asia-Pacific shares outside Japan rose 1.2 percent.
Fed Chair Janet Yellen is likely to face questions on the state of the labour market and the future pace of tapering when she appears before the House Financial Services Committee on Tuesday.
SOUTHEAST ASIAN STOCK MARKETS
Market Current Prev Close Pct Move
TR SE Asia Index* 384.23 381.49 +0.72
Singapore 3029.10 3017.20 +0.39
Kuala Lumpur 1824.17 1816.14 +0.44
Bangkok 1296.25 1290.66 +0.43
Jakarta 4470.19 4450.75 +0.44
Manila 6106.03 6042.25 +1.06
Ho Chi Minh 553.90 555.90 -0.36