ASEAN KEY DESTINATIONS
13 January 2015
The Straits Times Index (STI) ended -3.82 points lower or -0.11% to 3341.07, taking the year-to-date performance to -0.72%.
The FTSE ST Mid Cap Index declined -0.22% while the FTSE ST Small Cap Index declined -0.53%. The top active stocks were Keppel Corp (-1.45%), Noble (-6.82%), SingTel (-0.26%), IHH (-1.37%) and DBS (+0.10%).
The outperforming sectors today were represented by the FTSE ST Health Care Index (+1.79%). The two biggest stocks of the FTSE ST Health Care Index are Raffles Medical Group (unchanged) and Biosensors International Group (+4.65%). The underperforming sector was the FTSE ST Technology Index, which declined -4.84% with Silverlake Axis’s share price declining -8.21% and STATS ChipPAC’s share price unchanged.
The three most active Exchange Traded Funds (ETFs) by value today were the IS MSCI India (+0.67%), DBXT MSCI Asia Ex Japan ETF (+1.71%), SPDR Gold Shares (+1.66%).
The three most active Real Estate Investment Trusts (REITs) by value were CapitaMall Trust (+1.44%), Ascendas REIT (+2.43%), Keppel REIT (unchanged).
The most active index warrants by value today were HSI24200MBeCW150226 (+13.08%), HSI23400MBePW150226 (-14.89%), HSI24000MBeCW150129 (+16.67%).
The most active stock warrants by value today were DBS MB eCW150602 (-2.80%), OCBC Bk MBeCW150803 (-3.10%), OCBC Bk MBeCW150413 (-5.71%).
Singapore Stock Market
*ST Index 3,341.07 -3.82 3,344.89 +6.45
Volume: 1,394.5M 1,101.2M
Value: $1,176.7M $906.1M
Gainers/Losers: 164/226 159/245
Daily Market Commentary (Securities)
13 Jan 2015
The FBM KLCI index gained 13.82 points or 0.80% on Tuesday. The Finance Index increased 1.92% to 15387.49 points, the Properties Index up 0.41% to 1277.64 points and the Plantation Index rose 0.00% to 7813.25 points. The market traded within a range of 24.18 points between an intra-day high of 1750.16 and a low of 1725.98 during the session.
Actively traded stocks include SYSTECH, IRIS, ASIABIO, HUBLINE, AIRASIA, MBSB, MINETEC, EFFICEN, IFCAMSC and TEKSENG. Trading volume increased to 1907.75 mil shares worth RM2121.30 mil as compared to Monday’s 1361.41 mil shares worth RM1455.45 mil.
Leading Movers were CIMB (+74 sen to RM5.92), SIME (+25 sen to RM9.40), UMW (+20 sen to RM10.82), GENTING (+9 sen to RM8.78) and RHBCAP (+7 sen to RM7.80). Lagging Movers were SKPETRO (-6 sen to RM2.43), PETCHEM (-8 sen to RM5.10), KLK (-32 sen to RM21.98), MAXIS (-7 sen to RM6.88) and AXIATA (-7 sen to RM6.98). Market breadth was positive with 502 gainers as compared to 313 losers.
The KLCI extended yesterday’s gains by rising 13.82 points to 1748.90, despite the weak overnight closing in Wall Street following rising concerns of tumbling oil price. The performance of our benchmark index was underpinned by strong gains in CIMB following news suggesting its mega-merger with RHB Capital and MBSB may be called off. Investors’ sentiment was boosted by positive China’s trade surplus which grew 45.9% in 2014.
Date As of: 13 January 2015
Description Volume Value Frequency
ETF 15,800 10,434,900 70
Stock 10,903,737,170 7,818,411,815,741 277,154
Right 1,789,754 20,712,679 21
Warrant 39,597,600 1,397,481,200 987
Total 10,945,140,324 7,819,840,444,520 278,232
As of 13 January 2015 Unit: M.Baht
Type Buy Sell Net
Institution 3,878.21 2,507.72 1,370.49
Proprietary 4,350.90 4,871.26 -520.36
Foreign 6,934.48 9,016.61 2,082.13
Individual 29,438.58 28,206.59 1,232.00
Total Trading Value 44,602.18 M.Baht
Vietnam index ends at 7-wk high on earnings hopes
Vietnam's benchmark VN Index ended 1.09 percent up at a seven-week high on Tuesday, led by some big caps and amid expectations of good corporate results and dividend payments.
PetroVietNam Gas, the country's top firm by market value, led the risers with a 1.9 percent gain on a share buy-back plan, while property firm HAGL jumped 4.04 percent in robust trade on expected positive earnings.
Analysts and traders said HAGL may be profitable from partially selling an overseas project and could announce a dividend plan in coming sessions. The firm's net profit in the third quarter of 2014 jumped four-fold to $46 million.
VietinBank advanced 5.44 percent, and Hanoi-based lender BIDV climbed 5.81 percent in its highest trading volume since March 2014 of 4.2 million shares after a central bank's briefing note said they may merge with some others.
But profit taking in some big-caps such as Vietcombank , Vietnam's top lender by market value, signals adjustments in the short term, which are necessary for further gains, said analyst Do Quang Hop of Saigon-Hanoi Securities.
The index closed at 580.60 points, the highest since Nov. 25, 2014, based on Reuters data.
Here is a snapshot of the VN Index at the close
VN Index 580.6
PREV. CLOSE 574.32
% CHANGE 1.09%
SE Asia Stocks-CIMB surges in Malaysia as merger talks flounder
BANGKOK, Jan 13 - Most Southeast Asian stock markets rose on Tuesday, with a rally in shares of Malaysia's CIMB Group Holdings helping the index rise to a more than one-week high, while investors bought select shares in the results season.
Kuala Lumpur's composite index extended gains for a fourth session, ending the day up 0.8 percent at 1,748.90, its highest close since Jan. 2.
CIMB shares surged 14.3 percent, its best single-day gain since February 2001 and the biggest percentage gainer on the index. The stock ended at 5.92 ringgit, its highest close since Nov. 19.
Malaysia's proposed $20 billion merger to create the nation's biggest bank is likely to be scrapped after CIMB and RHB Capital failed to agree on new deal terms, people familiar with the matter told Reuters.
Indonesia's Bank Negara climbed 1.2 percent ahead of the release of its full-year 2014 earnings report, likely to be the first bank to announce results, a broker said.
In Bangkok, shares of Siam Commercial Bank inched up 0.3 percent before fourth-quarter results due next week while the broader SET index recovered from losses earlier in the day to close 0.3 percent higher.
Persistent weakness in oil prices weighed on energy-related shares across the region, with Singapore's Keppel Corp sliding 1.5 percent and Thailand's PTT Exploration and Production ending 2.7 percent lower.
Stocks in the Philippines rebounded from the previous session's decline, closing at 7,399, just shy of its record closing high on Jan. 9. Foreign investors bought shares worth a net 956 million peso ($21.36 million) for the third straight session.
Trading volumes were at about 80 percent a full day's average over the past 30 sessions.
Investors stayed on the sidelines in a shortened trading week, with the Philippine stock market shut on Thursday and Friday for a public holiday.
SOUTHEAST ASIAN STOCK MARKETS
Market Current Prev Close Pct Move
Singapore 3341.07 3344.89 -0.11
Kuala Lumpur 1748.90 1735.08 +0.80
Bangkok 1534.97 1531.21 +0.25
Jakarta 5214.36 5187.93 +0.51
Manila 7399.00 7358.36 +0.55
Ho Chi Minh 580.60 574.32 +1.09