ASEAN KEY DESTINATIONS
12 February 2014
The Straits Times Index (STI) ended +6.35 points higher or +0.21% to 3035.45, taking the year-to-date performance to -4.09%.
The FTSE ST Mid Cap Index declined -0.04% while the FTSE ST Small Cap Index gained +0.21%. The top active stocks were DBS (+0.18%), OCBC (-0.21%), SingTel (-0.28%), Keppel Corp (+0.38%) and GLP (+1.08%).
The outperforming sectors today were represented by the FTSE ST Utilities Index (+2.40%). The two biggest stocks of the FTSE ST Utilities Index are Hyflux (+0.84%) and HanKore (+0.91%). The underperforming sector was the FTSE ST Consumer Goods Index, which declined -0.73% with Wilmar International ’s share price declining -1.22% and Thai Beverage’s share price declining -2.86%.The FTSE ST Basic Materials Index gained +0.82%. The FTSE ST Financials Index gained +0.10%.
The three most active Exchange Traded Funds (ETFs) by value today were the SPDR Gold Shares (+0.11%), SPDR Straits Times Index ETF (+0.66%), IS MSCI India (+0.35%).
The three most active Real Estate Investment Trusts (REITs) by value were Suntec REIT (+0.31%), Mapletree Logistics Trust (+0.50%), CapitaMall Trust (-0.27%).
The most active index warrants by value today were HSI22000MBeCW140328 (+23.01%), HSI21600MBePW140328 (-18.92%), HSI22000MBeCW140227 (+50.79%).
The most active stock warrants by value today were DBS MB eCW140604 (+2.11%), DBS MB eCW140502 (-2.82%), OCBC Bk MBeCW140703 (unchanged).
Singapore Stock Market
*ST Index 3,035.45 +6.35 3,029.1 +11.9
Volume: 2,301.7M 1,799M
Value: $992.1M $791.5M
Gainers/Losers: 219/202 288/139
Daily Market Commentary (Securities)
12 Feb 2014
The FBM KLCI index gained 1.47 points or 0.08% on Wednesday. The Finance Index fell 0.22% to 16628.42 points, the Properties Index up 0.20% to 1284.99 points and the Plantation Index rose 1.00% to 8601.59 points. The market traded within a range of 4.98 points between an intra-day high of 1826.73 and a low of 1821.75 during the session.
Actively traded stocks include PDZ, IRIS, SONA-WA, MINETEC, IRIS-WB, FRONTKN, TIGER-WB, SONA, CSL and KNM. Trading volume decreased to 2466.68 mil shares worth RM2002.76 mil as compared to Tuesday’s 2709.06 mil shares worth RM2339.51 mil.
Leading Movers were KLK (+42 sen to RM24.22), TENAGA (+6 sen to RM11.86), MISC (+10 sen to RM6.20), PPB (+22 sen to RM15.82) and GENM (+4 sen to RM4.34). Lagging Movers were PBBANK (-14 sen to RM19.10), CIMB (-4 sen to RM7.19), PETCHEM (-5 sen to RM6.70), MAYBANK (-2 sen to RM9.80) and AXIATA (-1 sen to RM6.55). Market breadth was positive with 421 gainers as compared to 398 losers.
The KLCI stayed in the red during the trading day before crawling back to the positive territory in the last few minutes of the trading session and ended marginally higher at 1825.64 points. Local investors were not seen taking cue from the strong showing of the U.S. and Asian peers’ markets as some investors opted to take profit after the rally of our local bourse in the past few days.
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: 12 February 2014
Description Volume Value Frequency
Total 4,924,014,210 5,910,529,938,639 214,869
ETF 16,100 5,542,500 43
Stock 4,741,950,810 5,895,679,932,939 210,594
Right 00 00 00
Warrant 182,047,300 14,844,463,200 4,232
As of 10 February 2014 Unit: M.Baht
Type Buy Sell Net
Institution 4,259.81 2,835.23 1,424.58
Proprietary 3,185.74 2,691.15 494.60
Foreign 9,584.22 9,849.21 -264.99
Individual 13,422.38 15,076.57 -1,654.19
Total Trading Value 30,452.15 M.Baht
Vietnam index hits 51-mth high, lifted by strong buying
Vietnam's benchmark VN Index jumped 1.87 percent on Wednesday to close at 564.25 points, the highest since October 2009, as investors bought
shares on optimistic outlook of the U.S. economy and Vietnam's market prospect.
Fed chief Janet Yellen made it clear on Tuesday she would not make any abrupt changes to U.S. monetary policy, saying the central bank was on track to keep reducing its stimulus.
New foreign funds have shown interest in the Vietnamese market as they were optimistic about the country's macro economic prospect, said analyst Tran Thang Long at BIDV Securities.
Foreign investors were net buyers on Wednesday, with net purchase worth 86.6 billion dong ($4.1 million), extending their net buying position on Tuesday, the exchange's data showed.
The index rise in early trade on Wednesday took Vietnamese investors by surprise, but they followed foreigners to pick up stocks later in the session, Long said.
PetroVietNam Gas, Vietnam's largest listed firm, led the gains, with shares advancing 3.95 percent.
The company's 2013 net profit rose 26 percent from the previous year to 12.7 trillion dong, it said in a statement released on Tuesday.
Top insurer Baoviet holdings climbed 5.01 percent and Hanoi-based lender Vietcombank increased 2.47 percent.
The index closed on Wednesday at the highest since Oct. 30, 2009, when it was 587.12 points, based on Thomson Reuters data.
Here is a snapshot of the VN Index at the close
VN Index 564.25
PREV. CLOSE 553.9
% CHANGE 1.87%
SE Asia Stocks-Thai shares breach 1,300; Malaysia rebounds before strong Q4 GDP
Thai stocks climbed 1.4 percent on Wednesday amid a rise in the baht and decent quarterly earnings by large caps, while others in Southeast Asia edged higher after China trade data and an optimistic economic outlook from the U.S. Federal Reserve chief.
Thai key SET index closed at 1,314.06, the highest since Jan. 24, also helped by technical-led buying above 1,300 mark. Telecommunications company Advanced Info Service jumped 2.4 percent following a rise in quarterly earnings.
"Investors have looked for an entry point on Thai stocks and so, the strong baht and a buying signal above 1,300 helped attract them today," said Teerawut Kanniphakul, a senior analyst at CIMB Securities.
Thai baht traded around 32.56 against the dollar, up around 0.6 percent from the previous session, in line with gains in Asian currency.
The domestic political risks would limit any near-term rally, brokers said, as investors awaited a coming court ruling on the case lodged by protesters seeking to have the emergency decree withdrawn.
Malaysia pared early losses and closed up 0.1 percent.
Malaysia's economy grew 5.1 percent in the fourth quarter, its fastest pace in a year and beating the forecast of 4.8 percent, supported by firm domestic demand and improving exports. The data came after market close on Wednesday.
Stocks in Singapore ended up 0.2 percent at a two-week closing high, with Indonesia , the Philippines and Vietnam all higher as China's solid trade data boosted sentiment of Southeast Asian exporting countries.
China's exports handily beat expectations in January, rising 10.6 percent from a year earlier, while imports jumped 10 percent, leaving the country with a trade surplus of $31.9 billion for the month, the Customs Administration said on Wednesday.
Janet Yellen, fresh from taking the helm of the Federal Reserve, made it clear on Tuesday she would not make any abrupt changes to U.S. monetary policy, saying the central bank was on track to keep reducing its stimulus even though the labour market recovery was far from complete.
SOUTHEAST ASIAN STOCK MARKETS
Market Current Prev Close Pct Move
TR SE Asia Index* 387.23 384.25 +0.78
Singapore 3035.45 3029.10 +0.21
Kuala Lumpur 1825.64 1824.17 +0.08
Bangkok 1314.06 1296.25 +1.37
Jakarta 4496.28 4470.19 +0.58
Manila 6112.31 6106.03 +0.10
Ho Chi 564.25 553.90 +1.87