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ASEAN STOCK WATCH Asean Affairs  6 February 2014 



Singapore

06 February 2014

The Straits Times Index (STI) ended +28.18 points higher or +0.95% to 2988.27, taking the year-to-date performance to -5.58%.

The FTSE ST Mid Cap Index gained +0.59% while the FTSE ST Small Cap Index gained +0.22%. The top active stocks were SingTel (+1.16%), DBS (+0.80%), UOB (+0.72%), OCBC (+1.76%) and GLP (+0.73%).

The outperforming sectors today were represented by the FTSE ST Technology Index (+2.40%). The two biggest stocks of the FTSE ST Technology Index are Silverlake Axis (+2.35%) and STATS ChipPAC (+1.67%). The underperforming sector was the FTSE ST Oil & Gas Index, which gained +0.26% with Keppel Corp’s share price gaining +0.10% and Sembcorp Industries’ share price declining -0.95%.The FTSE ST Basic Materials Index gained +2.06%. The FTSE ST Financials Index gained +0.79%.

The three most active Exchange Traded Funds (ETFs) by value today were the SPDR Straits Times Index ETF (+0.33%), DBXT FTSE Vietnam ETF (+1.01%), IS MSCI India (-0.35%).

The three most active Real Estate Investment Trusts (REITs) by value were Ascendas REIT (+1.42%), CapitaCommercial Trust (+0.36%), Suntec REIT (+0.63%).

The most active index warrants by value today were HSI22000MBeCW140328 (+7.79%), HSI21600MBePW140227 (-9.24%), HSI21600MBePW140328 (-6.74%).

The most active stock warrants by value today were OCBC Bk MBeCW140703 (+13.33%), DBS MB ePW140401 (-8.70%), DBS MB eCW140502 (+14.29%).

Singapore Stock Market
                          Thursday               Wednesday
*ST Index     2,988.27  +28.18       2,960.09  -5.71
Volume:              2,247.1M                  1,867M
Value:               $1,078.1M              $1,148.4M
Gainers/Losers:     295/152                 176/235


Malaysia

Daily Market Commentary (Securities)
6 Feb 2014

The FBM KLCI index gained 12.02 points or 0.67% on Thursday. The Finance Index increased 0.45% to 16469.43 points, the Properties Index dropped 0.03% to 1242.73 points and the Plantation Index rose 0.62% to 8383.72 points. The market traded within a range of 15.77 points between an intra-day high of 1799.45 and a low of 1783.68 during the session.

Actively traded stocks include SUMATEC, IRIS, MINETEC, KNM, AT-WA, TIGER-WB, KNM-WA, TIGER, PDZ and SUMATEC-WB. Trading volume increased to 1825.33 mil shares worth RM2200.60 mil as compared to Wednesday’s 1550.87 mil shares worth RM1622.13 mil.

Leading Movers were DIGI (+17 sen to RM4.85), SIME (+13 sen to RM8.95), YTL (+7 sen to RM1.58), SKPETRO (+10 sen to RM4.48) and PPB (+56 sen to RM15.62). Lagging Movers were GENTING (-12 sen to RM10.02), PETDAG (-50 sen to RM30.50), IOICORP (-1 sen to RM4.10), IHH (-1 sen to RM3.60) and MAXIS (-1 sen to RM6.88). Market breadth was positive with 498 gainers as compared to 251 losers.

The KLCI ended 12.02 points higher at 1797, despite the mild overnight loss in Wall Street. The performance of our benchmark index was underpinned by gains in DIGI and SIME. However, investors remained cautious ahead of Friday’s payroll report from US.


Indonesia

Indonesia's central bank chief said he will stick to a tight monetary policy this year, pointing to the downside risk from inflation and other economic factors.

"The improvement of the economy in 2013 is still ongoing. BI (Bank Indonesia) will maintain conditions towards a tightening direction... if it requires an adjustment, then BI will not hesitate to do it," Governor Agus Martowardojo told reporters on Thursday.

Inflation has shown an improving trend in the past three months, but the central bank will keep a close watch on it in coming months because of volatile food prices and adverse weather, he said.

BI's board of governors will meet on Feb. 13 to decide the policy rate <BIPG> . Between June and November, BI raised its key reference rate a total of 175 basis points to 7.50 percent, to cool the economy and contain a ballooning current account deficit.


Trade Summary
Date As of:     06 February 2014    

Description          Volume                        Value          Frequency
ETF                      2,900                   1,399,700                   18
Stock       4,397,469,862       5,118,455,320,863            215,316
Warrant         72,905,700             5,344,004,900               2,303
Total         4,470,378,462       5,123,800,725,463           217,637



Thailand

Trading Summary

As of  6 February 2014         Unit: M.Baht
Type                        Buy                    Sell               Net        
Institution           3,314.61           2,235.20         1,079.42     
Proprietary         3,786.37            2,386.53         1,399.84     
Foreign              7,724.02          10,017.01        -2,292.99     
Individual          11,640.16          11,826.43           -186.27     
Total Trading Value     26,465.16 M.Baht     

                                               
Vietnam

Vietnam's benchmark VN Index  closed down 0.33 percent on Thursday on profit taking in large-cap stocks, while analysts expected the index to rise in
coming sessions on positive macro economic outlook.

Investors booked profits after big-caps rose in January, and the sale has in turn erased gains in most stocks on Thursday, analysts said.
    
Hanoi-based lender BIDV , Vietnam's largest listed bank by assets, dropped 4.35 percent, and food producer Ma San Group  lost 3.16 percent.     
    
But the index could bounce back in the next few sessions as investors were optimistic about the economic outlook and further rises of the index, said analyst Pham Van Khoa at Bao Viet Securities.

A high purchasing managers' index (PMI) for last month has also partially boosted the sentiment, Khoa added.

The PMI for Vietnam in January 2014 reached 52.1 points, the highest since April 2011, indicating a "notable bounce of the manufacturing sector", the Hongkong and Shanghai Banking Corporation (HSBC) said in a report on Thursday.

Here is a snapshot of the VN Index  at the close

                        VN Index       554.68             
                 PREV. CLOSE       556.52             
                    % CHANGE       -0.33%             
                                                   
                     HIGH       557.29             
                      LOW       551.45  


Asean

Most Southeast Asian stock markets rose on Thursday, in line with Asian shares amid investor expectations that a euro zone policy decision and
upcoming U.S. jobs data can calm nerves strained by the emerging market selloff.
    
Bangkok's SET index  closed at its highest level in nearly two weeks at 1,295.24. Dividend-yielding stocks such as Siam Cement  rose, while Kasikornbank  fell
amid profit-booking.

Investors remained wary of the inconclusive polls on Sunday while awaiting a court ruling expected later in the day on whether to revoke the emergency decree issued by the caretaker government in January which sent consumer confidence in the month to 26-month lows.  ID:nL3N0LB1NT   ID:nAAN0KV020  
    
Thai stock exchange President Charamporn Jotikasthira told reporters that the stock market could be subdued and volatile through the first half of the year due to domestic political uncertainty.

Singapore's Straits Times Index  snapped a five-session losing streak and ended up 1 percent at 2,988.27, with shares of Singapore Telecommunications   up 1.2
percent, their first gain in five sessions. It had hit its 14-month closing low on Wednesday.  
   
 MSCI's broadest index of Asia-Pacific shares outside Japan  was up 1 percent, with investors looking forward to the European Central Bank meeting and Friday's jobs numbers in the United States.

Philippine shares erased most gains made earlier in the day and ended up 0.1 percent. Alliance Global Group  <AGI.PS> , which rose 1.3 percent, was the top traded stock, while Philippine Long Distance Telephone   lost 0.5 percent in late selling.

Stock exchange data showed foreign investors sold shares worth net 233.9 million peso ($5.16 million) on Thursday.

The Philippine central bank announced after market hours that it left an overnight borrowing rate unchanged at a record low of 3.5 percent, in line with expectations, saying that inflation was manageable.  

Malaysia  was up 0.7 percent with stock exchange data showing local institutions and retail investors were net buyers.

Indonesia   was up 0.9 percent, with foreign investors buying a net 294.1 billion rupiah ($24.12 million).
    
Vietnam  closed down 0.33 percent on profit-taking in large-cap stocks, while analysts expected the index to rise in the coming sessions on positive macro economic outlook.
 
SOUTHEAST ASIAN STOCK MARKETS
 
 Market                        Current     Prev Close    Pct Move
 TR SE Asia Index*        379.07          376.31          +0.73
 Singapore                   2988.27         2960.09          +0.95
 Kuala Lumpur             1797.90         1785.88          +0.67
 Bangkok                     1295.24         1280.25          +1.17
 Jakarta                       4424.71         4384.31          +0.92
 Manila                        5914.59         5908.41          +0.10
 Ho Chi Minh                 554.68           556.52           -0.33



 
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ASEAN  ANALYSIS

This year in Thailand-what next?


AseanAffairs   04 January 2011
By David Swartzentruber      

It is commonplace in journalism to write two types of articles at the transition point between the year that has passed and the New Year. As this writer qualifies as an “old hand” in observing Thailand with a track record dating back 14 years, it is time take a shot at what may unfold in Thailand in 2011.

The first issue that can’t be answered is the health of Thailand’s beloved King Bhumibol, who is now 83 years old. He is the world's longest reigning monarch, but elaborate birthday celebrations in December failed to mask concern over his health. More

 


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