ASEAN KEY DESTINATIONS
14 January 2015
The Straits Times Index (STI) ended -14.91 points lower or -0.45% to 3326.16, taking the year-to-date performance to -1.16%.
The FTSE ST Mid Cap Index declined -0.06% while the FTSE ST Small Cap Index declined -0.42%. The top active stocks were SingTel (+0.77%), DBS (-0.35%), UOB (-0.56%), OCBC Bank (-1.53%) and Keppel Corp (-0.86%).
The outperforming sectors today were represented by the FTSE ST Technology Index (+2.62%). The two biggest stocks of the FTSE ST Technology Index are Silverlake Axis (+4.88%) and STATS ChipPAC (unchanged). The underperforming sector was the FTSE ST Basic Materials Index, which declined -4.92% with Midas Holdings’s share price declining -7.94% and Geo Energy Resources’s share price unchanged.
The three most active Exchange Traded Funds (ETFs) by value today were the SPDR Gold Shares (-1.08%), DBXT MSCI Asia Ex Japan ETF (+0.19%), IS MSCI India (-0.53%).
The three most active Real Estate Investment Trusts (REITs) by value were Ascendas REIT (-4.35%), CapitaMall Trust (-0.47%), CapitaCom Trust (+0.56%).
The most active index warrants by value today were HSI24200MBeCW150226 (-8.16%), HSI23400MBePW150226 (+5.00%), HSI24000MBeCW150129 (-8.16%).
The most active stock warrants by value today were SGX MB eCW150803 (-4.80%), DBS MB eCW150602 (-1.92%), OCBC Bk MBeCW150413 (-7.58%).
Singapore Stock Market
*ST Index 3,326.16 -14.91 3,341.07 -3.82
Volume: 1,177.6M 1,394.5M
Value: $1,128.5M $1,176.7M
Gainers/Losers: 145/256 164/226
Daily Market Commentary (Securities)
14 Jan 2015
The FBM KLCI index lost 6.89 points or 0.39% on Wednesday. The Finance Index fell 1.06% to 15224.34 points, the Properties Index up 0.26% to 1280.99 points and the Plantation Index rose 0.34% to 7839.49 points. The market traded within a range of 7.94 points between an intra-day high of 1744.71 and a low of 1736.77 during the session.
Actively traded stocks include MINETEC, SYSTECH, IFCAMSC, IFCAMSC-WA, JAG, HUBLINE, IRIS, HSI-H4, KNM and CIMB. Trading volume decreased to 1800.31 mil shares worth RM2489.28 mil as compared to Tuesday’s 1907.75 mil shares worth RM2121.30 mil.
Leading Movers were MISC (+34 sen to RM7.79), BAT (+268 sen to RM67.50), TENAGA (+28 sen to RM14.50), HLFG (+12 sen to RM16.54) and IOICORP (+3 sen to RM4.78). Lagging Movers were GENM (-12 sen to RM3.84), CIMB (-17 sen to RM5.75), GENTING (-24 sen to RM8.54), MAYBANK (-23 sen to RM8.39) and PPB (-28 sen to RM14.00). Market breadth was positive with 450 gainers as compared to 349 losers.
The day ended with the KLCI closing lower at 1742.01 points, tracking the overnight losses in Wall Street. Market sentiment was cautious amid further weakness in oil prices while investors remained concern about the global economy after the World Bank has cut its global growth forecast on subdued performance in the Euro zone, Japan and some major economies.
Date As of: 14 January 2015
Description Volume Value Frequency
ETF 21,100 14,939,400 188
Stock 7,625,204,189 5,565,642,554,512 245,073
Right 455,700 17,843,000 14
Warrant 40,821,400 1,708,606,500 1,319
Total 7,666,502,389 5,567,383,943,412 246,594
Thai government to drive development on international platform and digital economy
BANGKOK, January 14, 2015 - The Stock Exchange of Thailand (SET) has today welcomed M.R. Pridiyathorn Devakula, Deputy Prime Minister, who gave a key note speech on "The Strategy to drive Thai economy to grow firmly and sustainably" to
more than 300 executives of the money market and capital market. He also urged the Thai capital market's initiatives to enhance the direction on international platform, along with the country's digital economy agenda, with synergy to drive the economy to grow firmly and sustainably.
SET Chairman Sathit Limpongpan said the deputy prime minister also has recently joined the SET board of governors' meeting and was instrumental in advising the Thai capital market's strategic planning as one of the key Thai economic drivers under the country's development framework, aiming Thailand to be a key player on the international platform. Under this plan, the government would encourage foreign companies to establish their regional and international headquarters in Thailand in order to attract foreign investment into the country.
In line with the government policy, SET has continuously been expanding, diversifying and internationalizing the products and assets, while enhancing the positioning of being an investment hub in the Greater Mekong Subregion (GMS).
In addition, the government sector is committed to driving the economy along its digital economy plan by using information technology to boost efficiency and add value, across the board, starting from the capital market to all industries, including services and manufacturing sectors.
"This year SET has launched the capital market development direction to have a sustainable growth to accommodate the change of business environment by putting its "Digital-Diversified-Sustainable-Internationalized" (DDSI) concept into action. SET will facilitate the IT system for all dimensions of operation to accommodate all parties in the capital market, diversify products and assets at multi-market and multi-asset levels, while developing existing products. The exchange will also enhance the capital market's stakeholders to run business with combined environment, social and governance concerns, and expand its international role. These are SET's core tasks for the next decade and in celebration of its 40th anniversary this year," Sathit added.
As of 14 January 2015 Unit: M.Baht
Type Buy Sell Net
Institution 3,347.42 3,635.26 -287.84
Proprietary 4,171.34 5,370.28 -1,198.93
Foreign 9,171.33 9,207.97 -36.64
Individual 32,409.25 30,885.84 1,523.41
Total Trading Value 49,099.35 M.Baht
Vietnam index dips 0.6 pct on profit taking, cbank rule
Vietnam's benchmark VN Index slipped from a seven-week high to close down 0.62 percent on Wednesday on profit taking and as the central bank decided to implement without delays a ruling that will limit banks lending for stock investment.
PetroVietNam Gas, Vietnam's top firm by market value, led the losers to fall 3.73 percent as global oil prices hovered around a six-year low and after a streak of five gains following the firm's share repurchase plan.
Most other blue chips fell, including dairy product maker Vinamilk with a 0.98 percent loss, as investors booked profits from recent gains and switched to small- and mid-cap equities.
The central bank said it would implement on time a circular that will limit banks' loans for stock investments at 5 percent of a bank's registered capital from Feb. 1, despite market expectations of a delay to boost funds inflows.
But selling was not too strong while some adjustments could buoy further gains this quarter amid a rebound of foreign funds and hopes of good corporate results, analysts said, expecting the index to reach 640 points in coming months.
"It's positive that money is still within the market," manager Nguyen The Minh of Viet Capital Securities said.
Here is a snapshot of the VN Index at the close
VN Index 577.01
PREV. CLOSE 580.6
% CHANGE -0.62%
SE Asia Stocks-Philippine index closes at record high
The Philippine index closed at a record high for the second time in two weeks on Wednesday as foreign inflows boosted select large caps while other Southeast Asian stock markets slipped after the World Bank cut global growth forecasts.
The development lender predicted the global economy would grow 3 percent this year despite benefits from lower oil prices, on disappointing economic prospects in the euro zone, Japan and some major emerging economies.
The World Bank, in its twice-yearly Global Economic Prospects report in June, had predicted that the global economy would grow 3.4 percent in 2015. World GDP growth will reach 3.3 percent in 2016, it said, below its forecast 3.5 percent growth.
The Philippine composite index ended the day up 1.2 percent at 7,490.88, surpassing its previous record closing high of 7,402.72 hit on Jan. 9.
Buying by foreign investors sent shares of Metropolitan Bank & Trust Co to their highest level since July 2014 and those of Philippine Long Distance Telephone to the highest since November 2014, stock exchange.
"We are optimistic that solid economic fundamentals and corporate profits will continue to fuel the market's upward momentum," said Philippine Stock Exchange President Hans B. Sicat in a news release.
The Philippine stock market will be closed on Thursday and Friday for a public holiday.
Stocks in Indonesia reversed gains of the previous session and Malaysia closed lower, ending a four-day winning streak.
Thai stocks retreated from a more than three-week high hit on Tuesday, while Singapore fell for a second day.
Vietnam posted the first loss in seven sessions.
SOUTHEAST ASIAN STOCK MARKETS
Market Current Prev Close Pct Move
Singapore 3326.16 3341.07 -0.45
Kuala Lumpur 1742.01 1748.90 -0.39
Bangkok 1523.24 1534.97 -0.76
Jakarta 5159.67 5214.36 -1.05
Manila 7490.88 7399.00 +1.24
Ho Chi Minh 577.01 580.60 -0.62