ASEAN KEY DESTINATIONS
17 February 2014
The Straits Times Index (STI) ended +30.57 points higher or +1.01% to 3069.28, taking the year-to-date performance to -3.02%.
The FTSE ST Mid Cap Index gained +0.55% while the FTSE ST Small Cap Index gained +0.71%. The top active stocks were UOB (+2.56%), DBS (+0.67%), SingTel (+0.28%), GLP (+1.07%) and Ocean Sky (+28.67%).
The outperforming sectors today were represented by the FTSE ST Health Care Index (+2.30%). The two biggest stocks of the FTSE ST Health Care Index are Raffles Medical Group (+4.73%) and Biosensors International Group (unchanged). The underperforming sector was the FTSE ST Technology Index, which declined -0.30% with Silverlake Axis’s share price declining -1.11% and STATS ChipPAC ’s share price remaining unchanged. The FTSE ST Basic Materials Index gained +0.91%. The FTSE ST Financials Index gained +1.03%.
The three most active Exchange Traded Funds (ETFs) by value today were the SPDR Gold Shares (+1.21%), IS MSCI India (+1.40%), DBS Singapore STI ETF (+0.97%).
The three most active Real Estate Investment Trusts (REITs) by value were Suntec REIT (+1.52%), Ascendas REIT (+0.47%), CapitaMall Trust (-0.28%).
The most active index warrants by value today were HSI22400MBePW140328 (-14.39%), HSI22000MBeCW140227 (+13.98%), HSI22000MBeCW140328 (+8.51%).
The most active stock warrants by value today were UOB MB eCW140701 (+30.48%), DBS MB eCW140604 (+3.40%), KepCorp MBeCW140603 (-0.81%).
Singapore Stock Market
*ST Index 3,069.84 +0.56 3,069.28 +30.57
Volume: 1,223.6M 2,568.4M
Value: $397.8M $1,086.7M
Gainers/Losers: 207/143 302/134
Daily Market Commentary (Securities)
17 Feb 2014
The FBM KLCI index gained 8.11 points or 0.45% on Monday. The Finance Index increased 0.13% to 16574.78 points, the Properties Index up 0.80% to 1299.22 points and the Plantation Index rose 0.72% to 8610.56 points. The market traded within a range of 13.70 points between an intra-day high of 1833.39 and a low of 1819.69 during the session.
Actively traded stocks include PDZ, KNM-WA, SONA-WA, MINETEC, SUMATEC, SCOMI, IRIS, SONA-WA, KINSTEL and KNM. Trading volume increased to 3632.80 mil shares worth RM2577.91 mil as compared to Friday’s 2366.54 mil shares worth RM2008.99 mil.
Leading Movers were TENAGA (+18 sen to RM12.18), GENTING (+18 sen to RM10.34), KLK (+38 sen to RM23.88), IOICORP (+5 sen to RM4.36) and PBBANK (+6 sen to RM19.18). Lagging Movers were MAYBANK (-4 sen to RM9.75), ASTRO (-3 sen to RM3.01), AMMB (-2 sen to RM7.31), SIME (-1 sen to RM8.99) and BAT (-4 sen to RM60.00). Market breadth was positive with 573 gainers as compared to 319 losers.
The KLCI closed higher at 1827.48 points in the first trading day of the week, in line with the firmer Asian markets. As shown in the high trading volume, the market sentiment was positive and buoyant, well supported by the optimism after the strong closing in U.S. market last Friday while further boosted by the encouraging new credit data posted by China.
Indonesia's c.bank sees Q1 current-account deficit same as in Q4
Indonesia's current-account deficit in the first quarter will be about the same as in the fourth quarter but will widen in April-June as economic activity picks up, a senior central bank official said on Monday.
Senior Deputy Governor Mirza Adityaswara told Reuters it was too soon to judge the impact of the ban from January on mineral ore exports which prompted a surge of exports in unprocessed ore at the end of 2013. He expected a smaller trade balance in January, but gave no figures.
For October-December, Indonesia posted a current-account deficit of 1.98 percent of GDP, the smallest in 1-1/2 years and much smaller than market expectations.
He also said that the central bank was closely monitoring liquidity in the banking system, as deposit rates had risen more agressively than Bank Indonesia's benchmark reference rates
Date As of: Monday, February 17, 2014
Description Volume Value Frequency
ETF 11,900 6,992,600 94
Stock 5,017,046,897 7,261,604,625,492 268,271
Right 00 00 00
Warrant 118,431,400 9,287,439,600 2,661
Total 5,135,490,197 7,270,899,057,692 271,026
As of 17 February 2014 Unit: M.Baht
Type Buy Sell Net
Institution 6,025.02 3,311.09 2,713.93
Proprietary 3,413.37 3,203.78 209.59
Foreign 10,120.62 10,522.44 -401.81
Individual 17,333.35 19,855.06 -2,521.71
Total Trading Value 36,892.36 M.Baht
Vietnam index ends down 0.35 pct on blue chips' sale
Vietnam's benchmark VN Index ended down 0.35 percent on Monday due to profit taking in most blue chips while investors bought small- and mid-cap shares.
PetroVietNam Gas , Vietnam's largest listed firm, led the falls, with shares dropping 1.2 percent. All banking shares lost on the news that Ho Chi Minh
City-based lender Eximbank 's net profit last year plummeted 69 percent from a year earlier.
EIB shares lost 1.48 percent and stocks in Hanoi-based Vietcombank decreased 0.69 percent.
But the index could bounce back soon as selling volume of the stocks was small while investors bought small- and mid-cap shares on expectation of further rises, said analyst Pham Van Khoa at Bao Viet Securities.
Property firm HAGL closed up 4.02 percent at 25,900 dong ($1.2), its 10-month high, while volume hit a record 12.3 million shares, Reuters data showed.
HAGL announced its 2013 net profit surged to 950 billion dong, about 2.6 times above the earnings in the previous year, according to the company's statement released on Friday.
Here is a snapshot of the VN Index at the close
VN Index 570.2
PREV. CLOSE 572.22
% CHANGE -0.35%
SE Asia Stocks-Firmer on easing emerging market concerns; Thai shares gain
Most Southeast Asian stocks ended firmer on Monday, led by Thailand and Indonesia on hopes foreign funds will return to emerging markets, while positive earnings also
helped boost sentiment.
Thailand's SET index jumped 1.6 percent to its highest close since Dec. 25, led by a 2.8 percent gain in the country's top oil company PTT Pcl .
Airports of Thailand , which posted a better-than-expected quarterly net profit also jumped 4 percent, helping the overall Bangkok index.
Analysts said domestic political concerns could hinder the overall performance of the market and foreign buying as Thailand's economy slowed significantly in the final quarter of 2013 when the unrest started, data showed on Monday.
The state planning agency cut its forecast for Thailand's growth this year because of the political unrest that could prevent the formation of a fully functioning government for months.
Thai market saw a net outflow of $12.33 million, extending its net outflow to $897.9 million in the last 16 straight sessions.
Jakarta's Composite Index gained 1.1 percent to a more than 3-1/2-month high, helped by a net foreign inflow of $5.72 million on Monday. Foreigners have bought a net $133.95 million worth risky assets in Jakarta .
The index has gained about 4.7 percent in the last nine sessions with a recent set of positive economic data supportive to broader sentiment.
Singapore shares ended 1 percent higher at more than three-week highs, led by banks after positive earnings from United Overseas Bank Ltd lifted its shares to their highest in 2-1/2 weeks on Monday.
The Philippines main index gained 0.9 percent to a three-week high with an inflow of $4.53 million and Malaysian shares rose 0.5 percent to a five-week closing high.
Bucking the trend, Vietnam ended 0.4 percent weaker due to profit-taking in most blue chips, while investors bought small- and mid-cap shares.
SOUTHEAST ASIAN STOCK MARKETS
Market Current Prev Close Pct Move
TR SE Asia Index* 394.92 389.89 +1.29
Singapore 3069.28 3038.71 +1.01
Kuala Lumpur 1827.48 1819.37 +0.45
Bangkok 1332.37 1311.87 +1.56
Jakarta 4555.37 4508.04 +1.05
Manila 6167.82 6113.66 +0.89
Ho Chi Minh 570.20 572.22 -0.45