ASEAN KEY DESTINATIONS
25 February 2014
The Straits Times Index (STI) ended -2.22 points lower or -0.07% to 3103.62, taking the year-to-date performance to -1.94%.
The FTSE ST Mid Cap Index gained +0.30% while the FTSE ST Small Cap Index declined -0.01%. The top active stocks were Wilmar (+2.66%), UOB (+0.24%), SingTel (+0.28%), DBS (+0.24%) and Genting (unchanged).
The outperforming sectors today were represented by the FTSE ST Utilities Index (+0.92%). The two biggest stocks of the FTSE ST Utilities Index are Hyflux (+1.27%) and HanKore (unchanged). The underperforming sector was the FTSE ST Industrials Index, which declined -0.47% with Jardine Strategic Holdings’ share price declining -1.46% and Jardine Matheson Holdings’ share price declining -0.62%.The FTSE ST Basic Materials Index declined -0.37%. The FTSE ST Financials Index gained +0.10%.
The three most active Exchange Traded Funds (ETFs) by value today were the SPDR Gold Shares (+0.52%), DBXT AUD SSA Bonds ETF (-0.24%), DBXT CSI300 ETF (-2.27%).
The three most active Real Estate Investment Trusts (REITs) by value were CapitaMall Trust (+0.27%), CapitaCommercial Trust (+1.05%), Ascendas REIT (+0.94%).
The most active index warrants by value today were HSI22400MBePW140328 (+0.84%), HSI22000MBeCW140328 (-5.39%), HSI22800MBeCW140328 (-10.35%).
The most active stock warrants by value today were UOB MB eCW140701 (+6.16%), DBS MB eCW140604 (+3.33%), SGX MB eCW141001 (-3.85%).
Singapore Stock Market
*ST Index 3,103.62 -2.22 3,105.84 +5.91
Volume: 2,118.1M 1,911.9M
Value: $1,024.7M $903.6M
Gainers/Losers: 202/221 200/235
Daily Market Commentary (Securities)
25 Feb 2014
The FBM KLCI index gained 5.07 points or 0.28% on Tuesday. The Finance Index fell 0.04% to 16556 points, the Properties Index dropped 0.45% to 1309.61 points and the Plantation Index rose 0.26% to 8822.92 points. The market traded within a range of 6.53 points between an intra-day high of 1833.79 and a low of 1827.26 during the session.
Actively traded stocks include IRIS, LUSTER, KNM-WA, MAS, ASIABIO, KNM, NEXGRAM-WB, AMEDIA-WA, PDZ and SUMATEC. Trading volume decreased to 2863.49 mil shares worth RM2056.49 mil as compared to Monday’s 3063.39 mil shares worth RM2076.95 mil.
Leading Movers were IOICORP (+12 sen to RM4.73), SIME (+13 sen to RM9.22), DIGI (+6 sen to RM5.15), PETGAS (+20 sen to RM23.40) and AXIATA (+3 sen to RM6.56). Lagging Movers were KLK (-50 sen to RM23.90), IOIPG (-6 sen to RM2.59), MAYBANK (-2 sen to RM9.73), PETDAG (-26 sen to RM30.30) and TENAGA (-2 sen to RM12.02). Market breadth was negative with 294 gainers as compared to 547 losers.
The KLCI rebounded from yesterday’s losses to close 5.07 points higher at 1833.75, underpinned by gains in IOI Corp and Sime. The performance of our benchmark index was in line with overnight gains in Wall Street and other regional peers.
Indonesia's finance ministry raised 1 trillion rupiah ($85.86 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 sharia T-bills with a yield 6.16786 percent, compared with 6.48549 percent in the previous auction on Feb. 11.
There were no winning bids for the six-, 13- and 29-year project-based sukuk.
Total bids were 5.693 trillion rupiah, higher than 5.349 trillion rupiah from previous auction.
On Feb. 11, the ministry raised 6 trillion rupiah of sukuk via a private placement to the state-managed Islamic Haj Fund
Date As of: 25 February 2014
Description Volume Value Frequency
ETF 167,400 82,588,200 750
Stock 4,266,697,801 5,264,661,465,158 198,605
Right 918,500 4,573,000 157
Warrant 44,907,700 4,268,438,100 1,237
Total 4,312,691,401 5,269,017,064,458 200,749
Thai bourse, Thaipat Institute announce 2014 CSR direction, focusing on "Creating Shared Value"
BANGKOK, February 25, 2014 - The Stock Exchange of Thailand (SET) and Thaipat Institute (the Foundation for Thailand Rural Reconstruction Movement under Royal
Patronage), jointly hold a seminar to disclose 2014 CSR direction for the industry which would focus on stimulating the private sector to boost its role
in social responsibility, under the theme "Corporate Citizenship."
To perform its role as a corporate citizen of the society, the private sector might integrate the "Creating Shared Value" (CSV) strategy by utilizing
corporate assets and expertise in conducting social responsibility, to create economic value and business opportunities, together with scalable and
self-sustaining social development.
SET President Charamporn Jotikasthira said SET continuously enhanced commitment to social responsibility among listed companies from the CEO through to the officer levels through a variety of activities, such as CEO Forums, seminars, workshops, and other training, focusing on applying social responsibility to achieve corporate sustainable development. The exchange also develops and disseminates CSR reporting guidelines to prepare listed firms in disclosing their social responsibility performance through CSR reports. For potential listed firms which could comply with global sustainability benchmarks, the Thai bourse encourages them to seek to qualify as members of the Dow Jones Sustainability Indices (DJSI). To prepare the companies for the sustainability assessment, used in screening DJSI members, SET has invited RobecoSAM, an investment specialist in sustainability investing assessment for S&P and Dow Jones, to guide such firms.
"SET's key objectives in developing social responsibility and sustainability among listed firms are to create awareness and promote a better understanding of corporate social responsibility. Firms are encouraged to embed social responsibility into all business processes, to eventually enhance their competitiveness and productivity," Charamporn added.
Pipat Yodprudtikan, director of Thaipat Institute, said that companies should engage in social development to achieve corporate sustainability, not only
because the society is affected by the firms' operations but also because of companies' corporate citizenship as key stakeholders of the society.
As of 25 February 2014 Unit: M.Baht
Type Buy Sell Net
Institution 2,435.26 1,742.12 693.14
Proprietary 2,319.92 2,446.77 -126.84
Foreign 5,641.22 6,249.09 -607.87
Individual 11,537.56 11,495.99 41.57
Total Trading Value 21,933.97 M.Baht
SE Asia Stocks-Indonesia hits 1-week low; Thai shares trim gains
Indonesian stocks fell for a second session on Tuesday amid profit-taking in shares such as Kalbe Farma , while Thai stocks trimmed gains with Thai
Airways losing ground ahead of earnings.
Jakarta's Composite Index ended down 1 percent at 4,577.29, its lowest close since Feb. 18, extending Monday losses and further coming off a five-month high hit last week.
Kalbe Farma shares eased 1.7 percent after last week's rally as a strong rupiah eased concerns over the company's U.S. dollar cost. Shares of Alam Sutera Realty, among companies that benefit from the rising rupiah, retreated.
The rupiah weakened on Tuesday on dollar demand from importers while offshore funds took profits on the best-performing Asian currency so far this year.
The Thai SET index finished up 0.2 percent, climbing almost 1 percent at one point as bargain hunting emerged in battered politically-sensitive shares such as Advanced Info Service and Shin Corp .
Shares of national carrier Thai Airways dropped 1.5 percent on caution about its fourth quarter results
Somboon Advance Technology eased 1.8 percent as late payments to farmers in the government's rice scheme and an expected widespread drought weighed on the farm machinery market and domestic tractor sales, brokers said.
Stocks in Singapore and the Philippines slipped into negative territory after late selling while Malaysia edged slightly higher, with shares of CIMB Group Holdings Bhd closing nearly flat.
CIMB, Malaysia's second-largest bank, posted a 4.6 percent drop in net profit for the quarter ended December. The report came after market close.
SOUTHEAST ASIAN STOCK MARKETS
Market Current Prev Close Pct Move
TR SE Asia Index* 395.18 395.26 -0.02
Singapore 3103.62 3105.84 -0.07
Kuala Lumpur 1833.75 1828.68 +0.28
Bangkok 1303.88 1301.38 +0.19
Jakarta 4577.29 4623.57 -1.00
Manila 6295.55 6296.32 -0.01
Ho Chi Minh 586.20 576.58 +1.67