ASEAN KEY DESTINATIONS
15 January 2015
The Straits Times Index (STI) ended +12.68 points higher or +0.38% to 3338.84, taking the year-to-date performance to -0.78%.
The FTSE ST Mid Cap Index gained +0.53% while the FTSE ST Small Cap Index declined -0.08%. The top active stocks were DBS (+0.05%), Keppel Corp (unchanged), Ascendas REIT (+1.65%), SingTel (unchanged) and UOB (+0.73%).
The outperforming sectors today were represented by the FTSE ST Oil & Gas Index (+0.93%). The two biggest stocks of the FTSE ST Oil & Gas Index are Keppel Corp (unchanged) and Sembcorp Industries (+2.68%). The underperforming sector was the FTSE ST Technology Index, which declined -3.15% with Silverlake Axis’s share price declining -5.43% and STATS ChipPAC’s share price declining unchanged.
The three most active Exchange Traded Funds (ETFs) by value today were the SPDR Gold Shares (+0.01%), IS MSCI India (+3.48%), DBXT MSCI Asia Ex Japan ETF (+0.63%).
The three most active Real Estate Investment Trusts (REITs) by value were Ascendas REIT (+1.65%), CapitaMall Trust (+2.38%), CapitaCom Trust (unchanged).
The most active index warrants by value today were HSI24200MBeCW150226 (+17.04%), HSI24000MBeCW150129 (+28.89%), HSI23400MBePW150226 (-20.24%).
The most active stock warrants by value today were KepCorp MBeCW150602 (unchanged), DBS MB eCW150602 (-1.96%), KepCorp MBePW150603 (-0.61%).
*ST Index 3,338.84 +12.68 3,326.16 -14.91
Volume: 1,283.2M 1,177.6M
Value: $1,063.5M $1,128.5M
Gainers/Losers: 223/218 145/256
Daily Market Commentary (Securities)
15 Jan 2015
The FBM KLCI index gained 2.99 points or 0.17% on Thursday. The Finance Index increased 1.11% to 15392.79 points, the Properties Index up 0.38% to 1285.87 points and the Plantation Index down 0.41% to 7807.44 points. The market traded within a range of 12.70 points between an intra-day high of 1750.94 and a low of 1738.24 during the session.
Actively traded stocks include MINETEC, PMCORP, NOVAMSC, CIMB, SYSTECH, IFCAMSC, IFCAMSC-WA, ASIABIO, HUBLINE and MUIIND. Trading volume increased to 1934.46 mil shares worth RM2297.03 mil as compared to Wednesday’s 1800.31 mil shares worth RM2489.28 mil.
Leading Movers were CIMB (+16 sen to RM5.91), MAYBANK (+21 sen to RM8.60), SKPETRO (+5 sen to RM2.44), KLCC (+10 sen to RM6.80) and RHBCAP (+10 sen to RM7.75). Lagging Movers were ASTRO (-6 sen to RM2.94), GENTING (-15 sen to RM8.39), GENM (-5 sen to RM3.79), MISC (-9 sen to RM7.70) and IOICORP (-5 sen to RM4.73). Market breadth was positive with 497 gainers as compared to 283 losers.
The KLCI ended higher at 1745.00 points after oil prices rebound the most in more than 2 1/2 years from close to six-year low. The surge in oil prices outweighed the concerns over slowdown in global economy that indicated by the decline of US retail sales in December.
As of 5 January 2015 Unit: M.Baht
Type Buy Sell Net
Institution 3,722.68 2,825.49 897.19
Proprietary 4,348.61 3,408.64 939.97
Foreign 7,327.41 10,483.63 -3,156.23
Individual 23,268.99 21,949.92 1,319.07
Total Trading Value 38,667.69 M.Baht
Vietnam index ends up 0.1 pct as energy shares rally
Vietnam's benchmark VN Index closed up 0.13 percent on Thursday as gains in energy shares reflected a sharp rebound of global oil prices in the previous session, analysts said.
Crude oil prices fell on Thursday, with both Brent and U.S. WTI futures dropping below $48 a barrel because of a global oversupply, following a volatile session the previous day when prices had rebounded sharply from near-six-year lows.
PetroVietNam Gas , Vietnam's top firm by market value, rose 1.29 percent, while Petrovietnam Drilling & Well Services Corp jumped 4.17 percent.
Losses in other big-caps, including dairy product maker Vinamilk that dipped 0.99 percent, mirrored profit taking after the index hit its seven-week high close on Tuesday.
Analysts said they expected the index to advance to as high as 640 points in the first quarter.
Here is a snapshot of the VN Index at the close
VN Index 577.74
PREV. CLOSE 577.01
% CHANGE 0.13%
SE Asia Stocks-Indonesia up before cbank rate decision
Southeast Asian stock markets rose on Thursday, with Indonesia rebounding from over three-week closing low hit in the previous session before the central bank meeting on interest rates, while bargain hunting lifted battered Thai banking stocks.
Jakarta's composite index edged up 0.6 percent to 5,188.71, rebounding from Wednesday's close of 5,159.67, the lowest close since Dec. 23.
Indonesia's central bank is expected to maintain its key interest rates at a policy meeting on Thursday, on anticipation that inflation will cool following a spike in late 2014.
In Bangkok, the key SET index closed slightly higher at 1,523.38.
Shares of Kasikornbank Pcl gained 0.9 percent after a third straight fall on Wednesday to a one-week low, while shares of Krung Thai Bank Pcl rose for the first time in five sessions.
Recent losses in large-cap banking shares were due to expectations of unfavourable fourth quarter results. Banks are due to report their October-December earnings by next week.
Analysts at broker Kasikorn Securities advised investors to buy banking shares, citing the prospect for earnings growth in 2015. It forecast 2015 GDP growth of 3.5 percent compared with a 2014 GDP growth of less than 1 percent.
Stocks in Singapore posted their first gain in three days as Asian stocks mostly edged up on Thursday after a significant rebound in oil and copper prices brought a semblance of calm.
Stocks in Malaysia and Vietnam ended slightly higher after the fall in the previous session.
Philippine stock market is closed on Thursday and Friday for the visit of Pope Francis in Asia's most populous Catholic country.
SOUTHEAST ASIAN STOCK MARKETS
Market Current Prev Close Pct Move
Singapore 3338.84 3326.16 +0.38
Kuala Lumpur 1745.00 1742.01 +0.17
Bangkok 1523.38 1523.24 +0.01
Jakarta 5188.71 5159.67 +0.56
Ho Chi Minh 577.74 577.01 +0.13