ASEAN KEY DESTINATIONS
10 January 2014
The Straits Times Index (STI) ended -1.54 points lower or -0.05% to 3143.87, taking the year-to-date performance to -0.66%.
The FTSE ST Mid Cap Index gained +0.07% while the FTSE ST Small Cap Index declined -0.09%. The top active stocks were OCBC (+0.10%), Albedo (+23.08%), DBS (+0.17%), GoldenAgri (unchanged) and HanKore (+1.70%).
The outperforming sectors today were represented by the FTSE ST Utilities Index (+2.30%). The two biggest stocks of the FTSE ST Utilities Index are Hyflux (unchanged) and HanKore (+1.70%). The underperforming sector was the FTSE ST Technology Index, which declined -0.87% with Silverlake Axis’s share price declining -1.08% and STATS ChipPAC’s share price declining -1.54%.The FTSE ST Basic Materials Index declined -0.43% and the FTSE ST Financials Index declined -0.02%.
The three most active Exchange Traded Funds (ETFs) by value today were the SPDR Gold Shares (+0.64%), IS MSCI India (+1.72%), China A50 ETF (-2.67%).
The three most active Real Estate Investment Trusts (REITs) by value were Ascendas REIT (-0.46%), CapitaMall Trust (+0.27%), Keppel REIT (-0.86%).
The most active index warrants by value today were HSI22800MBeCW140227 (+2.54%), HSI22400MBePW140227 (-4.60%), HSI23200MBePW140227 (-5.73%).
The most active stock warrants by value today were KepCorp MBeCW140401 (-3.64%), DBS MB eCW140603 (unchanged), DBS MB eCW140502 (-0.60%).
Singapore Stock Market
*ST Index 3,143.87 -1.54 3,145.41 -5.24
Volume: 3,678.6M 2,684.2M
Value: $963.5M $1,014.1M
Gainers/Losers: 186/213 160/256
Daily Market Commentary (Securities)
10 Jan 2014
The FBM KLCI index lost 1.60 points or 0.09% on Friday. The Finance Index fell 0.15% to 16731.02 points, the Properties Index up 0.19% to 1315.98 points and the Plantation Index rose 0.12% to 8624.35 points. The market traded within a range of 5.70 points between an intra-day high of 1827.95 and a low of 1822.25 during the session.
Actively traded stocks include INGENCO, SONA-WA, HUBLINE, MINETEC, TIGER-WB, IRIS-WB, CSL, BIOOSMO, XDL-WA and SONA. Trading volume increased to 1915.90 mil shares worth RM2068.27 mil as compared to Thursday’s 1848.14 mil shares worth RM1946.34 mil.
Leading Movers were HLFG (+14 sen to RM15.40), TM (+10 sen to RM5.53), GENM (+9 sen to RM4.36), GENTING (+6 sen to RM10.16) and MISC (+5 sen to RM5.50). Lagging Movers were BAT (-40 sen to RM62.80), PETGAS (-28 sen to RM23.00), PPB (-18 sen to RM15.36), TENAGA (-14 sen to RM11.58) and HLBANK (-6 sen to RM14.16). Market breadth was positive with 406 gainers as compared to 378 losers.
The KLCI finished slightly lower at 1826.61 points in the last trading day of the week. The flattish performance was probably due to the cautious sentiment of the investors as they await the release of US payroll report, seeking more clues on whether the Federal Reserve will accelerate the pace of stimulus cuts
Date As of: 09 January 2014 Time 16:00:00
Description Volume Value Frequency
ETF 6,100 1,916,400 14
Stock 3,037,196,170 4,151,781,519,707 164,069
Right 6,582,967 91,498,567 118
Warrant 29,380,075 2,940,223,800 919
Total 3,073,165,312 4,154,815,158,474 165,120
As of 10 January 2014 Unit: M.Baht
Type Buy Sell Net
Institution 3,290.05 2,163.39 1,126.66
Proprietary 4,334.41 3,758.68 575.73
Foreign 9,557.91 10,694.51 -1,136.60
Individual 12,008.36 12,574.15 -565.79
Total Trading Value 29,190.73 M.Baht
Vietnam's benchmark VN Index climbed 0.38 percent to close at 518.94 points, the highest since last June, lifted by buying of blue chips on expectations of solid earnings, analysts said.
The index closed at the highest level since June 11, 2013, based on Reuters data, having gained in six consecutive days.
Shares of PetroVietNam Gas, Vietnam's largest listed firm, rose 2.21 percent to 69,500 dong ($3.3) each, its highest closing price since late August 2013, while GAS volume reached the highest for more than three months.
Dairy product maker Vinamilk climbed 1.47 percent and food producer Ma San Group rose 1.18 percent.
Both foreign and local investors have been raising investment in Vietnamese shares, mostly in blue chip firms with expected solid earnings before they release the results, said Doan Minh Quan, a client manager at ACB Securities.
Investors' sentiment has also been boosted after the government said foreign investors will be allowed to buy bigger stakes in Vietnamese banks from next month.
Volume hit 107.2 million shares on Friday, well above the five-day average of 68.5 million shares, Reuters data showed.
Analysts said the index could surpass its 530-point resistance level before Tet holidays -- between Jan 28 and Feb.
5 to welcome the Lunar New Year -- as stocks have posted strong gains with high volume.
Here is a snapshot of the VN Index at the close
VN Index 518.94
PREV. CLOSE 516.98
% CHANGE 0.38%
Thai stocks posted modest losses on Friday as some large caps, including PTT and Krung Thai Bank regained early lost ground, while Indonesian
shares ended at their highest in one week, helped by inflows and a rise in the rupiah.
The Thai SET index eased 0.22 percent, with a 2.5 percent gain on the week, its first in three. It fell 1.4 percent at one point, as investors remained wary of domestic political tensions ahead of a major anti-government protest on Monday.
Foreign investors were net sellers of 1.1 billion baht ($33.3 million), trimming their net buying on the week to $73 million, Thomson Reuters data showed.
Jakarta's Composite Index climbed 1.3 percent to 4,254.97, the highest close since Jan. 3, erasing its weekly loss to 0.06 percent. Banking shares were actively traded, with shares of Bank Mandiri up almost 6 percent.
Jakarta brought in net inflows of $7.92 million on the day, while the rupiah <IDR=ID> edged up 0.25 percent on Friday.
Others in the region ended mixed ahead of Friday's U.S. nonfarm payrolls report. Payrolls are forecast to have risen by a solid 196,000 in December, according to a Reuters survey of economists, just below November's count of 203,000.
Singapore was down 0.05 percent on the day, while rising 0.4 percent on the week. Malaysia eased 0.09 percent on the day and was down 0.4 percent on the week. The Philippines dropped 1.6 percent on the day, taking its weekly loss to 1.8 percent.
Vietnam's benchmark VN Index gained 0.38 percent, and was the region's outperformer with a weekly gain of 2.7 percent.
SOUTHEAST ASIAN STOCK MARKETS
Market Current Prev Close Pct Move
TR SE Asia Index* 381.45 381.27 +0.05
Singapore 3143.87 3145.41 -0.05
Kuala Lumpur 1826.61 1828.21 -0.09
Bangkok 1255.45 1258.26 -0.22
Jakarta 4254.97 4201.22 +1.28
Manila 5842.88 5937.51 -1.59
Ho Chi Minh 518.94 516.98 +0.38
Europe stocks gain, Asia muted before jobs report
Asian stock markets were cautious Friday after a slowdown in China's exports dimmed sentiment, while European stocks gained ground ahead of a key U.S. jobs report.
Japan's Nikkei closed with a slight gain of 0.2 percent to 15,912.06 while Hong Kong's Hang Seng rose by 0.3 percent to 22,846.25.
South Korea's Kospi dropped 0.4 percent to 1,938.54 and the Shanghai Composite Index shed 0.7 percent to 2,103.30. India's Sensex rose by 0.3 percent to 20,783.99.
The choppy trading in Asia followed China's release of trade data for December showing a deceleration in export growth, which suggests demand from Western nations remains tepid. That glum news was partially offset by an increase in import growth that pointed to some resilience in the world's No. 2 economy.
"Perhaps the fact that the numbers out of China aren't that bad suggests there is no need for officials to loosen policy, which is deemed a negative by some investors," said Stan Shamu, strategist at IG Markets in Melbourne, Australia.
Markets will be closely watching the U.S. government jobs report for December due later Friday. Economists expect employers added 196,000 jobs last month and the unemployment rate remained at 7 percent. The strength of the report could shift expectations about how quickly the Federal Reserve reduces its economic stimulus.
European stocks regained some ground after taking a hit the previous day on the European Central Bank's decision to leave interest rates unchanged.
Germany's DAX was up 0.5 percent in early trading to 9,472.80 and Britain's FTSE 100 added 0.7 percent to 6,734.91. France's CAC gained 0.6 percent to 4,248.84.
Futures augured gains on Wall Street, with Dow futures up 0.2 percent and S&P 500 futures ahead by 0.3 percent.
Benchmark crude for February delivery was up 84 cents to $92.50 a barrel in electronic trading on the New York Mercantile Exchange. The contract fell 67 cents to $91.66 on Thursday.
In currencies, the dollar rose to 104.98 yen from 104.89 yen late Thursday. The euro fell to $1.3598 from $1.3606.