ASEAN KEY DESTINATIONS
27 February 2014
The Straits Times Index (STI) ended +8.49 points higher or +0.27% to 3096.74, taking the year-to-date performance to -2.15%.
The FTSE ST Mid Cap Index gained +0.37% while the FTSE ST Small Cap Index declined -0.24%. The top active stocks were DBS (-0.30%), GoldenAgri (+4.63%), SingTel (+0.28%), Keppel Corp (+0.10%) and OCBC (+0.31%).
The outperforming sectors today were represented by the FTSE ST Consumer Services Index (+0.79%). The two biggest stocks of the FTSE ST Consumer Services Index are Genting Singapore (+1.12%) and Jardine Cycle & Carriage (+2.92%). The underperforming sector was the FTSE ST Health Care Index, which declined -1.32% with Raffles Medical Group ’s share price declining -1.81% and Biosensors International Group’s share price declining -1.00%.The FTSE ST Basic Materials Index gained +0.06%. The FTSE ST Financials Index gained +0.20%.
The three most active Exchange Traded Funds (ETFs) by value today were the SPDR Gold Shares (-1.35%), SPDR Straits Times Index ETF (+0.32%), IS MSCI India (+0.34%).
The three most active Real Estate Investment Trusts (REITs) by value were CapitaMall Trust (+0.53%), Ascendas REIT (+0.47%), CapitaCommercial Trust (unchanged).
The most active index warrants by value today were HSI22200MBeCW140429 (+20.50%), HSI22800MBeCW140328 (+52.63%), HSI22600MBePW140429 (unchanged).
The most active stock warrants by value today were DBS MB eCW140604 (-4.72%), KepCorp MBeCW140603 (unchanged), UOB MB ePW140602 (-1.04%).
Singapore Stock Market
*ST Index 3,096.74 +8.49 3,088.25 -15.37
Volume: 2,674.7M 1,913.2M
Value: $891.7M $955.2M
Gainers/Losers: 214/207 195/243
Daily Market Commentary (Securities)
27 Feb 2014
The FBM KLCI index gained 9.11 points or 0.50% on Thursday. The Finance Index increased 0.53% to 16490.93 points, the Properties Index dropped 0.17% to 1302.85 points and the Plantation Index rose 1.14% to 8809.68 points. The market traded within a range of 8.15 points between an intra-day high of 1831.66 and a low of 1823.51 during the session.
Actively traded stocks include NEXGRAM-WB, NEXGRAM, ASIABIO, PDZ, INFOTEC, MAS, SONA-WA, TIGER-WB, SONA and KNM-WA. Trading volume decreased to 2318.39 mil shares worth RM2096.54 mil as compared to Wednesday’s 2449.74 mil shares worth RM2375.37 mil. Leading Movers were CIMB (+20 sen to RM7.10), IOICORP (+12 sen to RM4.68), SIME (+8 sen to RM9.18), MAYBANK (+5 sen to RM9.70) and ASTRO (+13 sen to RM3.19).
Lagging Movers were MISC (-7 sen to RM6.29), GENM (-3 sen to RM4.31), PBBANK (-2 sen to RM19.08), PETGAS (-6 sen to RM23.48) and BAT (-28 sen to RM59.70). Market breadth was negative with 366 gainers as compared to 453 losers.
The KLCI rebounded from yesterday’s losses to end 9.11 points higher at 1831.66, following the gains in heavyweight counters led by CIMB and plantation stock as CPO price surge. Investor sentiment remained cautious ahead of US Federal Reserve chairperson Janet Yellen’s comment on US monetary policy.
Date As of: 27 February 2014
Description Volume Value Frequency
ETF 63,200 23,460,900 210
Stock 5,271,012,936 5,208,869,107,359 207,873
Right 2,455,900 2,836,700 21
Warrant 35,794,172 2,354,410,357 1,173
Total 5,309,326,208 5,211,249,815,316 209,277
Thai bourse sees investment mood bright on strong fundamentals
BANGKOK, February 27, 2014 - Investment atmosphere of The Stock Exchange of Thailand (SET) is likely to be robust due to strong fundamentals of the Thai capital market and listed companies after the first initial public offering (IPO) from Crown Tech Advance pcl (AJD) is listed on SET today.
SET Chairman Sathit Limpongpan said although challenges from both domestic and external factors impact investment conditions, the business sector remained confident in the capital market and the bourse had already welcomed AJD as the first IPO in 2014.
"The SET Index, closing today at 1,318.05 points, has risen 1.5 percent so far this year from 1,298.71 points a year earlier, outperforming Japan (-8.4
percent), other Asian countries (-3.0 percent) and United States indices (-2.3 percent).
SET's securities trading value in January was also the top among ASEAN, despite internal and external uncertainties. In addition, SET's forward P/E ratio (for the next 12 months) is currently at 12.34 times, which remains attractive compared with other markets in the region. We believe that the
volatility should just have short-term impact on investment.
Thus, investment decisions should be mainly based on fundamentals and the outlook of the company," Sathit said.
SET Executive Vice President Chanitr Charnchainarong said that in 2014, the bourse expected to grow its market cap from IPOs by THB 210 billion (USD 6.46 billion) as expected, even though uncertainties had caused some companies to reschedule their debuts. The first SET IPO, AJD, rose 38.4 percent on its first trading day, reflecting the confidence of the fundraiser and investors.
Moreover, firms has scheduled their IPO date which are the good sign for the investment mood as there are eight companies waiting to be listed on SET, three firms for the Market for Alternative Investment, as well as one property fund.
As of 27 February 2014 Unit: M.Baht
Type Buy Sell Net
Institution 3,281.71 1,645.35 1,636.36
Proprietary 2,656.24 2,166.86 489.38
Foreign 7,266.87 9,140.16 -1,873.29
Individual 15,548.12 15,800.57 -252.46
Total Trading Value 28,752.93 M.Baht
Vietnam index dips 0.85 pct, volume near record high
Vietnam's benchmark VN Index fell 0.85 percent to close at 584.79 points on Thursday as investors selling for profit eroded the strength of buying
demand, but analysts expected the index to bounce back soon.
Most stocks retreated on Thursday as investors took profit following recent gains that had lifted the index to 596.40 points earlier in the day, said analyst Vu Tran Vinh Thuy at Dai Viet Securities.
But solid demand for stocks, which partially boosted liquidity on Thursday, has prevented a steep fall, Thuy said.
Volume on the Ho Chi Minh Stock Exchange reached 225 million shares, nearing the record high of 260 million shares traded on Feb. 20, Reuters data showed.
"The index would bounce back as it did after the fall on Feb. 20," Thuy added. The index had gained a combined 3.4 percent in three consecutive sessions after two drops on Feb.20-21, according to Reuters data.
Shares of PetroVietNam Gas , Vietnam's largest listed firm, dropped 3.49 percent, and food producer Masan Group lost 2 percent.
Here is a snapshot of the VN Index at the close
VN Index 584.79
PREV. CLOSE 589.81
% CHANGE -0.85%
SE Asia Stocks-Up; Thai shares gain on hopes of political talks
Thai shares rose to their highest in more than one week on Thursday after anti-government protest leader Suthep Thaugsuban said he was willing to appear in a live TV debate with Prime Minister Yingluck Shinawatra.
The key SET index closed up 1.03 percent at 1,318.05, the highest since Feb. 19. Outperformers included dividend-yielding banking shares such as Bank of Ayudhya and Siam Commercial Bank .
Jakarta's Composite Index rose almost 1 percent after three sessions of falls.
Shares of state-owned tin miner PT Timah surged 8 percent, following a move from Indonesia Commodity and Derivatives Exchange that suggested an opening bid benchmark for tin prices
Other markets in Southeast Asia posted limited gains ahead of the U.S. Federal Reserve chairman's testimony on the Fed monetary policy plan. I
Stocks in Singapore inched up 0.3 percent, their first in three sessions, Malaysia rose 0.5 percent after Wednesday's fall to a more than one-week low, while the Philippines was up 0.5 percent at a near 4-month high.
Vietnam fell 0.85 percent as investors selling for profit eroded the strength of buying demand, but analysts expected the index to bounce back soon.
SOUTHEAST ASIAN STOCK MARKETS
Market Current Prev Close Pct Move
TR SE Asia Index* 395.93 394.46 +0.37
Singapore 3096.74 3088.25 +0.27
Kuala Lumpur 1831.66 1822.55 +0.50
Bangkok 1318.05 1304.62 +1.03
Jakarta 4568.94 4532.72 +0.80
Manila 6354.79 6322.60 +0.51
Ho Chi Minh 584.79 589.81 -0.85