ASEAN KEY DESTINATIONS
03 February 2014
The Straits Times Index (STI) ended -56.98 points lower or -1.87% to 2990.95, taking the year-to-date performance to -5.50%.
The FTSE ST Mid Cap Index declined -0.67% while the FTSE ST Small Cap Index declined -0.41%. The top active stocks were SingTel (-1.13%), DBS (+0.43%), OCBC (-1.40%), Keppel Corp (-0.96%) and UOB (-1.10%).
The outperforming sectors today were represented by the FTSE ST Utilities Index (+0.44%). The two biggest stocks of the FTSE ST Utilities Index are Hyflux (-0.87%) and HanKore (+0.91%). The underperforming sector was the FTSE ST Basic Materials Index, which declined -1.92% with Midas Holdings’ share price declining -2.17% and Geo Energy Resources’ share price declining -1.56%. The FTSE ST Financials Index declined -0.76%.
The three most active Exchange Traded Funds (ETFs) by value today were the SPDR Straits Times Index ETF (-0.65%), DBS Singapore STI ETF (-0.65%), FTSE China A50 ETF (-0.67%).
The three most active Real Estate Investment Trusts (REITs) by value were Fortune REIT (-0.33%), Ascendas REIT (-1.41%), CapitaMall Trust (-1.34%).
The most active index warrants by value today were STI 3150MBePW140430 (+7.14%), STI 3100BPePW140227 (+2.99%), STI 2950MBePW140430 (+6.25%).
The most active stock warrants by value today were DBS MB eCW140502 (unchanged), DBS MB ePW140401 (-5.59%), DBS MB eCW140303 (+5.88%).
Singapore Stock Market
*ST Index 2,990.95 -36.27 3,027.22 -20.71
Volume: 1,515.2M 1,630.3M
Value: $948M $1,023.8M
Gainers/Losers: 138/274 130/249
JAKARTA, Feb 3 - Indonesian shares were down 0.38 percent at midday on Monday, having recovered partly from a 0.93 percent drop earlier, after government data showed higher-than-expected December trade surplus.
Indonesia posted a trade surplus of $1.52 billion in December, putting the trade balance in the black for a third straight month and relieving pressure on the ailing rupiah.
The agriculture and trading indexes led the recovery, rising 0.81 percent and 0.21 percent respectively. Blue chips fell 0.53 percent, dragging down the broader index.
Palm oil producers London Sumatra and Astra Agro Lestari were up 2.1 and 1.3 percent respectively, while mobile phone producer Erajaya Swasembada rose 4.2 percent.
"CPO price is up by 1.5 percent, supported by USDA's report on Indonesia 2013/2014 CPO with slightly lower estimate on supply of 32.76 million tons, while production estimate is maintained at 31 million tons. At this stage, two of our top picks in the plantation sectors are AALI and LSIP," Jakarta-based Bahana Securities said in a note on Monday.
Date As of: 03 February 2014
Description Volume Value Frequency
ETF 25,800 8,608,500 89
Stock 3,738,476,531 3,866,313,671,732 176,749
Right 00 00 00
Warrant 90,927,200 4,526,546,500 3,210
Total 3,829,429,531 3,870,848,826,732 180,048
Thailand Futures Exchange improves SET50 futures contract size in May
Bangkok, Jan 31, 2014 - The Thailand Futures Exchange PCL, under The Stock Exchange of Thailand (SET) group, announced that it will modify its SET50 futures contract to have a smaller contract size on May 6, 2014. The new size of SET50 futures will increase liquidity to the product and reduce the capital
outlay, enabling more investors to participate.
TFEX is continually improving its products to better serve investor needs, TFEX Managing Director Kesara Manchusree said. Since TFEX started trading SET50 futures in April 2006, SET50 Index had been at its lowest at around 300 points.
The Index has dramatically increased over time, reaching its highest point last year at 1,092.27, so the SET50 futures notional value increases more than 3 times. Also, SET50 Index fluctuation means that investors need to deposit higher margins in order to trade. The new SET50 futures, or mini-SET50 futures, will have a contract size that is one-fifth that of the existing product. The contract multiplier will be reduced from THB 1,000 per index point to THB 200 per index point, resulting in a drop in size to about THB 200,000. Initial margins and exchange fees will be reduced by the same proportion", Kesara added.
TFEX, Thai Clearing House, and TFEX members are preparing to launch mini-SET50 futures on the same day as the launch of new derivatives trading system.
Derivatives markets in United States and Asia, eg. India, Hong Kong, Singapore and Taiwan, also reduce their contract sizes when their indices double, normally to one-fifth, but in some markets, contracts were reduced to half or one-tenth of their former size. Mini-SET50 futures will also become the same size as SET50 options. Therefore, investors can develop strategies using SET50 futures and options, together with other products based on SET50 Index components as their underlying assets more easily.
As of 3 February 2014 Unit: M.Baht
Type Buy Sell Net
Institution 4,336.45 2,269.25 2,067.20
Proprietary 3,233.65 2,387.49 846.16
Foreign 5,641.60 8,647.55 -3,005.95
Individual 12,606.08 12,513.50 92.58
Total Trading Value 25,817.79 M.Baht
Thai stocks hit one-week highs in light volume on Monday as short-sellers bought back shares after the weekend poll passed without violence, while shares in Singapore fell to their lowest since November 2012 amid weakness in Asia.
The key SET index closed up 1.5 percent at 1,292.81, its highest level since Jan. 24, led by telecoms firm Advanced Info Service and Airports of Thailand , which was among recently-battered tourism stocks.
Singapore dropped 1.2 percent to 2,990.95 while MSCI's broadest index of Asia-Pacific shares outside Japan eased 0.4 percent by 0949 GMT.
Indonesia and the Philippines ended down, with foreign investors selling a net 453 billion rupiah ($37 million) and 806.6 million peso ($17.80 million), respectively, stock exchage and Thomson Reuters data showed.
Thai underperformance lured domestic buyers, although the domestic risks pointed to near-term weakness, with data showing foreign investors selling shares worth a net 3 billion baht ($90.88 million) while domestic institutions led buyers.
Thai shares had fallen 12 percent in the three months to January, the region's worst performer, due to the protracted political crisis.
CIMB Securities (Thailand) maintained its 2014 SET index target at 1,500, based on a forward price-to-earnings multiple of 11, which was the market's last upcycle average.
"Although there was no serious outbreak of violence with only a few disruptions during yesterday's election, political uncertainties are here to stay, in our view, as the Election Commission cannot announce official results for some time and there are several political minefields ahead," the broker said.
Malaysia was shut for a market holiday and Vietnam remained closed for the country's Lunar New Year festival, reopening on Feb. 6.
SOUTHEAST ASIAN STOCK MARKETS
Market Current Prev Close Pct Move
TR SE Asia Index* 377.42 377.69 -0.07
Singapore 2990.95 3027.22 -1.20
Bangkok 1292.81 1274.28 +1.45
Jakarta 4386.26 4418.76 -0.74
Manila 6015.30 6041.19 -0.43