ASEAN KEY DESTINATIONS
05 February 2014
The Straits Times Index (STI) ended -5.71 points lower or -0.19% to 2960.09, taking the year-to-date performance to -6.47%.
The FTSE ST Mid Cap Index declined -0.07% while the FTSE ST Small Cap Index declined -0.17%. The top active stocks were SingTel (-0.58%), DBS (-0.80%), UOB (-0.15%), OCBC (+0.11%) and Keppel Corp (+0.98%).
The outperforming sectors today were represented by the FTSE ST Oil & Gas Index (+0.90%). The two biggest stocks of the FTSE ST Oil & Gas Index are Keppel Corp (+0.98%) and Sembcorp Industries (+1.73%). The underperforming sector was the FTSE ST Utilities Index, which declined -1.93% with Hyflux’s share price declining -1.72% and HanKore’s share price declining -0.91%.The FTSE ST Basic Materials Index gained +0.55%. The FTSE ST Financials Index declined -0.16%.
The three most active Exchange Traded Funds (ETFs) by value today were the SPDR Straits Times Index ETF (+0.34%), DBS Singapore STI ETF (unchanged), SPDR Gold Shares (-0.19%).
The three most active Real Estate Investment Trusts (REITs) by value were Fortune REIT (-0.17%), CapitaMall Trust (-1.36%), CapitaCommercial Trust (-1.07%).
The most active index warrants by value today were HSI21600MBePW140328 (+11.95%), HSI22000MBeCW140328 (-18.09%), HSI22000MBeCW140227 (-29.41%).
The most active stock warrants by value today were UOB MB eCW140701 (-1.06%), UOB MB ePW140602 (-1.14%), DBS MB ePW140401 (+6.98%).
Singapore Stock Market
*ST Index 2,960.09 -5.71 2,965.8 -25.15
Volume: 1,867M 1,987.2M
Value: $1,148.4M $1,266M
Gainers/Losers: 176/235 108/328
Daily Market Commentary (Securities)
5 Feb 2014
The FBM KLCI index gained 7.05 points or 0.40% on Wednesday. The Finance Index increased 0.66% to 16396.33 points, the Properties Index up 0.33% to 1243.06 points and the Plantation Index rose 0.31% to 8332.18 points. The market traded within a range of 3.76 points between an intra-day high of 1786.58 and a low of 1782.82 during the session.
Actively traded stocks include MINETEC, IRIS, TIGER-WB, AT-WA, AT, SONA, KBB-WA, PDZ, ASUPREM and IRIS-WB. Trading volume increased to 1550.87 mil shares worth RM1622.13 mil as compared to Tuesday’s 1261.20 mil shares worth RM2000.76 mil.
Leading Movers were GENTING (+14 sen to RM10.14), MAYBANK (+7 sen to RM9.63), CIMB (+6 sen to RM6.91), PETDAG (+86 sen to RM31.00) and TENAGA (+8 sen to RM11.36). Lagging Movers were AXIATA (-5 sen to RM6.50), SIME (-5 sen to RM8.82), IOICORP (-4 sen to RM4.11), IOIPG (-5 sen to RM2.55) and TM (-3 sen to RM5.46). Market breadth was positive with 443 gainers as compared to 301 losers.
The KLCI rebounded to end 7.05 points higher at 1785.88, tracking the positive gains in US market. The mild performance of our benchmark index was underpinned by gains in Genting and Maybank. However, investors remain cautious ahead of this Friday’s monthly payroll data from US.
Indonesia's finance ministry raised 15 trillion rupiah ($1.23 billion) at a bond auction on Wednesday, well above an indicative target of 10 trillion rupiah.
The country sold all offered government securities with the yields mixed compared with the previous auction on Jan. 21.
The yield for 1-year T-bills was 6.95000 percent, lower than 7.01260 percent from the previous auction.
But the yields on 10-year and 15-year bonds were 9.05656 percent and 9.56933 percent, respectively, higher than 8.43996 percent and 9.00449 percent previously.
Total incoming bids were 28.403 trillion rupiah, less than 30.07 trillion rupiah in the previous auction.
Indonesia aims to raise 78 trillion rupiah of conventional and sharia bonds in the first quarter.
Date As of: 05 February 2014
Description Volume Value Frequency
ETF 76,318,595 7,632,374,200 16
Stock 3,356,068,850 4,211,490,470,660 211,189
Right 226,300 1,026,700 03
Warrant 54,247,677 4,242,169,340 1,328
Total 3,486,861,422 4,223,366,040,900 212,536
Thai bourse gears up domestic roadshows to expand investor base
BANGKOK, February 5, 2014 – The Stock Exchange of Thailand (SET) kicks off its annual roadshows in various provinces by participating in the Money Expo in Pattaya City, Chonburi province, during February 7-9, as part of its 2014 domestic roadshow plan aiming to expand the investor base and match investment opportunities in six provinces with high growth potential that benefit in particular from the preparations for the ASEAN Economic Community (AEC) next year.
“SET aims to continuously and strategically expand the retail investor base. Although the Thai stock market has recently been adversely affected by both internal and external factors, it can still be turned into an opportunity for investors to prepare themselves by seeking sharper investment tips and competence, in order to invest wisely ahead of the market recovery. Currently, there are 166,000 retail investors accounts in provinces, equivalent to 17 percent of total trading accounts,” stated Kesara Manchsree, SET Executive Vice President and Head of Markets Division.
The nationwide roadshows will be organized in Chiang Mai, Chiang Rai, Chonburi, Nakhon Ratchasima, Songkhla and Udon Thani. These provinces are a key in each region, with significant economic and investment growth, on top of their underlying superb infrastructure. The potential savings and investment among affluent residents, entrepreneurs, traders and up-and-coming executives are high. These six provinces have benefited from urban expansion and show promising rises in savings, trading securities value, and increasing number of branches of securities firms and banks, all promoting GDP growth. The rising numbers of commercial projects, such as shopping malls, housing villages and condominiums, also point to an economic boom, Kesara added.
“To make them more effective, this year’s domestic roadshows will focus on the ‘all aspects of expansion’ strategy, covering the partner, content expansion and timing. Thus, SET, in a joint effort with the Thai Financial Planners Association, will enhance the financial planning skills to all types of investors, enabling them to invest with quality,” Kesara said.
As for the roadshow in Chonburi province, which has the highest securities trading volume in eastern Thailand, SET will hold a special exhibition at the Royal Cliff Hotel, under the concept “Match investment opportunities to become wealthy.” For more information, please visit www.set.or.th.
As of 5 February 2014 Unit: M.Baht
Type Buy Sell Net
Institution 2,917.43 1,896.61 1,020.82
Proprietary 3,300.63 2,831.41 469.22
Foreign 5,036.96 8,355.22 -3,318.26
Individual 12,971.06 11,142.85 1,828.21
Total Trading Value 24,226.08 M.Baht
Indonesian shares rose almost 1 percent on Wednesday after better-than-expected GDP growth for the fourth quarter, while Thai shares gave up some earlier
gains as the continuing political uncertainty sparked late profit-taking.
Jakarta's composite index closed at 4,384.31, led by large caps such as Telkom Indonesia and Bank Rakyat Indonesia , with foreign investors buying a net 144.2
billion rupiah ($11.8 million).
Indonesian shares recovered from losses over the past two days after data showed its economy grew a faster-than-expected 5.72 percent in the fourth quarter from a year earlier, partly buoyed by firmer exports on a weaker rupiah.
The Thai SET index ended up 0.3 percent at 1,280.25, coming off its day high of 1,287.05. Shares linked with the tourism sector fell due to late selling, including in airport operator Airports of Thailand.
Investors were cautious to chase up prices around 1,280, which was a key near-term resistance, with political risks remaining, said Pichai Lertsupongkij, senior investment advisor at broker Thanachart Securities.
"Investors mainly looked at political risks and traded on news flows related to the political situation," he said.
Thailand's fiery protest leader denounced the government's battered rice-buying scheme as corrupt on Wednesday, piling on the pressure after a weekend election did nothing to restore stability in the politically polarised country.
Malaysia ended up 0.4 percent, reversing Tuesday's loss. The Philippine index rose 0.4 percent, its first gain in four sessions.
Foreign investors sold Philippine shares worth a net 900.4 million peso ($19.9 million), while for Malaysian shares it was a net 211 million ringgit ($63.4 million), stock exchange and Thomson Reuters data showed.
Singapore closed down 0.2 percent, paring early gains and extending its fall to a fifth session.
SOUTHEAST ASIAN STOCK MARKETS
Market Current Prev Close Pct Move
TR SE Asia Index* 376.20 374.94 +0.34
Singapore 2960.09 2965.80 -0.19
Kuala Lumpur 1785.88 1778.83 +0.40
Bangkok 1280.25 1276.84 +0.27
Jakarta 4384.31 4352.26 +0.74
Manila 5908.41 5886.01 +0.38