ASEAN KEY DESTINATIONS
18 February 2014
The Straits Times Index (STI) ended +1.5 points higher or +0.05% to 3070.78, taking the year-to-date performance to -2.97%.
The FTSE ST Mid Cap Index gained +0.55% while the FTSE ST Small Cap Index gained +0.54%. The top active stocks were SingTel (-0.56%), HanKore (+4.96%), DBS (-0.24%), Biosensors (+14.37%) and JES (+12.25%).
The outperforming sectors today were represented by the FTSE ST Health Care Index (+6.49%). The two biggest stocks of the FTSE ST Health Care Index are Raffles Medical Group (-0.90%) and Biosensors International Group (+14.37%). The underperforming sector was the FTSE ST Telecommunications Index, which declined -0.49% with SingTel’s share price declining -0.56% and StarHub’s share price declining -0.24%.The FTSE ST Basic Materials Index declined -0.06%. The FTSE ST Financials Index gained +0.35%.
The three most active Exchange Traded Funds (ETFs) by value today were the SPDR Straits Times Index ETF (+0.65%), Xinhua China A50 ETF (-1.99%), DBS Singapore STI ETF (-0.32%).
The three most active Real Estate Investment Trusts (REITs) by value were Fortune REIT (unchanged), Keppel REIT (+0.44%), Suntec REIT (+0.30%).
The most active index warrants by value today were HSI22800MBeCW140328 (+5.26%), HSI22400MBePW140328 (-5.88%), HSI22000MBeCW140328 (+3.92%).
The most active stock warrants by value today were DBS MB eCW140502 (-9.59%), DBS MB eCW140604 (-5.92%), SembMar MBeCW140901 (-8.79%).
Singapore Stock Market
*ST Index 3,070.78 +1.5 3,069.28 +30.57
Volume: 2,993.4M 2,568.4M
Value: $915.4M $1,086.7M
Gainers/Losers: 267/150 302/134
Daily Market Commentary (Securities)
18 Feb 2014
The FBM KLCI index lost 2.24 points or 0.12% on Tuesday. The Finance Index fell 0.12% to 16554.61 points, the Properties Index dropped 0.00% to 1299.21 points and the Plantation Index down 0.31% to 8584.15 points. The market traded within a range of 5.55 points between an intra-day high of 1828.23 and a low of 1822.68 during the session.
Actively traded stocks include SUMATEC, MINETEC, SCOMI, PDZ, SUMATEC-WB, KNW-WA, SONA-WA, ZELAN, IRIS and ZELAN-WA. Trading volume decreased to 2860.11 mil shares worth RM2307.78 mil as compared to Monday’s 3632.80 mil shares worth RM2577.91 mil.
Leading Movers were PBBANK (+26 sen to RM19.14), PETGAS (+20 sen to RM23.20), PPB (+20 sen to RM16.00), PETDAG (+22 sen to RM30.42) and TM (+3 sen to RM5.59). Lagging Movers were SKPETRO (-6 sen to RM4.40), GENTING (-8 sen to RM10.26), KLK (-28 sen to RM23.60), FGV (-4 sen to RM4.48) and TENAGA (-2 sen to RM12.16). Market breadth was negative with 393 gainers as compared to 454 losers.
The KLCI finished marginally lower at 1825.24 points today. The local bourse was range-bounded with investors pondered for fresh clues as the US market was closed yesterday for the President’s Day holiday.
Indonesia raises 12.25 trln rupiah of bonds, above target
Indonesia's finance ministry raised 12.25 trillion rupiah ($1.04 billion) at a bond auction on Tuesday, well above an indicative target of 10 trillion rupiah, the ministry's debt office said.
The country sold all offered government securities with most yields lower than the previous auction on Feb. 5.
The yield for 1-year T-bill was 6.44258 percent against 6.95000 percent, while yield for 5-year bond was 7.86944 percent.
The yields for 10-year bond was 8.51964 percent, lower than 9.05656 percent, and 20-year bond was 9.1798 percent compared with 9.63318 percent previously.
Total incoming bids were 23.33 trillion rupiah.
Thai bourse market report for January
- Daily average trading volume up 11 pct month-on-month to USD 983 mln
- Market cap at USD 350 billion, down 4.05 pct from end-2013
- Derivatives trading down 5.2 pct month-on-month at 53,692 contracts per day
BANGKOK, February 18, 2014 - The Stock Exchange of Thailand (SET) securities trading value in January rose from a month ago, but dropped sharply from a year earlier. The SET index fell in January, in line with other key global markets, dampened by weakness of China and U.S. economic outlooks, the U.S. Federal Reserve Bank's quantitative easing, and uncertainties of economic stability among emerging markets.
The SET main index ended January at 1,274.28 points, down 1.9 percent from end-2013. Foreign investors had been selling Thai shares for the past three consecutive months, selling a net USD 415 million in January, with downward trend similar to the stock markets in Philippines and South Korea.
Combined average daily trading value of SET and Market for Alternative Investment (mai) was at THB 31.76 billion (approx. USD 983 million), or up 11 percent from a month ago and down 45.2 percent from a year earlier, while daily trading volume of derivatives dropped 5.2 percent from a month ago at 53,692 contracts per day.
Key highlights for January
- Market capitalization of the SET was at THB 11.31 trillion (USD 350 billion), down 4.05 percent from the end of 2013, while market valuation of the mai was at THB 157.49 billion (USD 4.88 billion), down 11.2 percent.
- The forward P/E ratio for the SET was at 11.63 times, down from 13.45 a year ago, while mai's forward P/E ratio increased to 12.41 times, due mainly to expectations of higher earnings growth this year.
- The dividend yield of the SET was at 3.36 percent at the end of January, while mai's was at 2.02 percent.
- Most SET's sector indices at the end of January were lower than those at the end of 2013, except Finance and Information and Technology Communication sectors.
- Listed companies raised funds through equity worth a combined THB 5.44 billion in January, down 42.11 percent a year earlier, of which, THB 4.7 billion was raised from initial public offerings (IPOs) of a property fund, and THB 740 million was raised from the secondary market.
-Derivatives trading volume fell 5.21 percent in January from a month earlier to an average of 53,692 contracts per day, down 20.78 percent from a year earlier.
All types of securities dropped except SET50 index futures.
As of 17 February 2014 Unit: M.Baht
Type Buy Sell Net
Institution 4,478.87 3,800.43 678.44
Proprietary 4,128.33 3,960.29 168.04
Foreign 9,285.18 9,561.90 -276.72
Individual 16,508.06 17,077.83 -569.76
Total Trading Value 34,400.44 M.Baht
Vietnam index ends up 0.8 pct on easing bad debt rule
Vietnam's benchmark VN Index closed up 0.76 percent on Tuesday, supported by a central bank ruling that could ease banks' provisions for bad debts.
The central bank would allow lenders to keep their "violated, but good debts" from being classified as bad loans to "avoid shock in the market," State Bank of Vietnam Governor Nguyen Van Binh was quoted by state media on Tuesday as saying.
The new circular on bank debt classification will come into effect on June 1.
The news supported gains in the stock market, analyst Nguyen Hoai Nam at Maybank Kim Eng Securities said. The index rose in
the afternoon session to close at 574.56 points, after a 0.15-percent gain in the morning.
Ho Chi Minh City-based Sacombank increased 1.95 percent and Hanoi-based lender Vietcombank advanced 0.69 percent. Other blue chips also rose, led by property firm Vingroup with a 1.96-percent increase.
Vingroup's 2013 net profit surged four-fold from a year earlier to 7.1 trillion dong ($336 million), it said in a statement on Monday.
Here is a snapshot of the VN Index at the close
VN Index 574.56
PREV. CLOSE 570.2
% CHANGE 0.76%
SE Asia Stocks-Mixed; Thai shares down on political unrest, sluggish growth
Southeast Asian stocks were mixed on Tuesday with Thai shares underperforming as caution prevailed due to continued political risks amid concerns over sluggish economic growth this year.
Thailand's SET index ended down 0.5 percent, after having hit an eight-week closing high in the previous session.
Foreign investors sold a net $8.57 million worth of shares on Tuesday, extending the net outflow to $906.5 million in the last 17 straight sessions, Reuters data showed.
The unrest has already hit the economy with data published on Monday showing the economy grew just 0.6 percent in the fourth quarter from the third.
Malaysian shares edged down 0.1 percent from a five-week closing high in the previous session.
However, Singapore shares rose 0.05 percent to close at their highest level in three weeks, while Jakarta's Composite Index ended steady at a more than 3-1/2-month high. Philippine stocks gained 0.4 percent to a 2-1/2-month high.
Vietnam's benchmark VN Index gained 0.8 percent to a more-than-eight-month closing high, supported by a central bank ruling that could ease banks' provisions for bad debts.
SOUTHEAST ASIAN STOCK MARKETS
Market Current Prev Close Pct Move
TR SE Asia Index* 393.24 394.92 -0.43
Singapore 3070.78 3069.28 +0.05
Kuala Lumpur 1825.24 1827.48 -0.12
Bangkok 1326.21 1332.37 -0.46
Jakarta 4556.19 4555.37 +0.02
Manila 6193.97 6167.82 +0.42
Ho Chi Minh 574.56 570.20 +0.76