ASEAN KEY DESTINATIONS
16 January 2014
The Straits Times Index (STI) ended -2.81 points lower or -0.09% to 3140.44, taking the year-to-date performance to -0.77%.
The FTSE ST Mid Cap Index declined -0.10% while the FTSE ST Small Cap Index declined -0.25%. The top active stocks were SingTel (unchanged), DBS (+0.29%), UOB (-0.53%), OCBC (-0.10%) and Keppel Corp (+0.83%).
The outperforming sectors today were represented by the FTSE ST Technology Index (+0.74%). The two biggest stocks of the FTSE ST Technology Index are Silverlake Axis (+1.09%) and STATS ChipPAC (+3.13%). The underperforming sector was the FTSE ST Basic Materials Index, which declined -2.44% with Midas Holdings’s share price declining -3.00% and Geo Energy Resources’ share price remaining unchanged. The FTSE ST Financials Index declined -0.16%.
The three most active Exchange Traded Funds (ETFs) by value today were the DBXT MSCI Asia Ex Japan ETF (unchanged), DBXT FTSE Vietnam ETF (+1.71%), IS MSCI India (unchanged).
The three most active Real Estate Investment Trusts (REITs) by value were CapitaMall Trust (-0.80%), Ascendas REIT (-0.92%), CapitaCommercial Trust (+1.02%).
The most active index warrants by value today were HSI23200MBePW140227 (-2.92%), HSI22800MBeCW140227 (+5.00%), HSI23200MBeCW140129 (+4.44%).
The most active stock warrants by value today were DBS MB eCW140502 (+1.27%), DBS MB eCW140603 (+0.99%), KepCorp MBeCW140401 (+1.10%).
Singapore Stock Market
*ST Index 3,140.44 -2.81 3,143.25 +19.5
Volume: 2,496.5M 3,443.8M
Value: $947.3M $1,079.1M
Gainers/Losers: 170/257 269/147
Daily Market Commentary (Securities)
16 Jan 2014
The FBM KLCI index lost 11.02 points or 0.60% on Thursday. The Finance Index fell 0.09% to 16663.78 points, the Properties Index dropped 0.95% to 1286.43 points and the Plantation Index down 0.91% to 8483.47 points. The market traded within a range of 20.15 points between an intra-day high of 1831.33 and a low of 1811.18 during the session.
Actively traded stocks include IRIS, SONA-WA, BIOOSMO, PDZ, SUMATEC, MINETEC, IOIPG, XDL-WA, DAYA and SONA. Trading volume decreased to 1711.68 mil shares worth RM2184.75 mil as compared to Wednesday’s 2360.34 mil shares worth RM2703.14 mil.
Leading Movers were GENTING (+12 sen to RM10.20), CIMB (+2 sen to RM7.11), HLBANK (+2 sen to RM14.26) and HLFG (+6 sen to RM15.12). Lagging Movers were AXIATA (-9 sen to RM6.64), TENAGA (-10 sen to RM11.46), SIME (-9 sen to RM9.12), GENM (-8 sen to RM4.30) and DIGI (-6 sen to RM4.74). Market breadth was negative with 245 gainers as compared to 571 losers.
The KLCI ended 11.02 points lower at 1813.01 despite the bullish overnight performance in US market. The benchmark index was mainly dragged down by losses in Axiata and Tenaga, amid profit taking activities ahead of Thaipusam holiday tomorrow.
As of 16 January 2014 Unit: M.Baht
Type Buy Sell Net
Institution 4,164.44 3,134.44 1,029.99
Proprietary 5,080.98 4,735.49 345.48
Foreign 10,350.66 12,182.88 -1,832.21
Individual 18,168.43 17,711.69 456.74
Total Trading Value 37,764.50 M.Baht
Vietnam's benchmark VN Index rose 1.3 percent to 533.54 points, its highest since May 2010, lifted by gains in blue chip firms with good corporate
earnings, analysts said.
Shares of PetroVietNam Gas, the country's biggest listed firm, rose 4.76 percent to its record high of 77,000 dong ($3.7) each.
The Ho Chi Minh City-based firm earned a net profit of nearly 12 trillion dong, beating its own annual target by 53 percent, it said in a statement early this month.
Investors also bought other blue chips with expected solid earnings, analysts said. Food producer Ma San Group rose 3.47 percent and steel producer Hoa Phat Group climbed 3.26 percent.
The VN Index gained strongly in recent sessions, mainly thanks to foreign investors' buying of blue chips, analysts said. The index, Southeast Asia's best performer last year, has risen 10 sessions in a row.
The index reached the highest level since May 11, 2010 when it was 534.36 points.
Foreign investors, who are major buyers of blue chips and tend to invest strongly in Vietnamese stocks during the first quarter of a year, have been net buyers so far this month, according to analysts and the exchange's data.
Here is a snapshot of the VN Index at the close
VN Index 533.54
PREV. CLOSE 526.68
% CHANGE 1.30%
Thai shares hit a three-week high on Thursday on heavy buying in large-caps and banks amid expectations of lower interest rates, despite continuing
political uncertainty, while the Philippines rose to a one-week high aided by foreign buying.
The key SET index ended up 1.9 percent at 1,301.48, the highest since Dec. 26, with Advanced Info Service and Krung Thai Bank among the top gainers.
Trading volume was relatively high, with technical-led buying heavy around the 1,300 level, said Teerawut Kanniphakul, strategist at broker CIMB Securities (Thailand).
Domestic institutions bought shares for a third consecutive session on Thursday, Thomson Reuters data showed .
A number of so-called trigger funds, which redeem when the index hits a target level, have piled into low-valuation shares, said Phillip Securities.
However, caution remained as protests in Bangkok escalated, trying to force out the government and calling for a reform before an election. The caretaker government has confirmed a general election will be held on Feb. 2.
Citi Research said the unpredictable politics could increase the chances of a rate cut by the Bank of Thailand's Monetary Policy Committee (MPC) next week.
"Even if the rate cut event doesn't happen next week, pushing back elections as Bangkok is still under siege, may revive the likelihood of more rate stimulus," Citi said in a report dated Jan. 15.
Among the bright spots, the Philippine index gained 0.4 percent to 5,982.24, with foreign investors buying shares worth a net 125 million pesos ($2.78 million) while Vietnam rose 1.3 percent to a 3-1/2 year high.
Major Southeast Asian markets reversed early gains, with Malaysia sliding 0.6 percent to near seven-week lows ahead of a market holiday on Friday while Indonesian stocks edged down 0.7 percent after a rally earlier in the week.
Singapore edged down 0.1 percent, weighed down by commodities shares, including Wilmar International Ltd .
SOUTHEAST ASIAN STOCK MARKETS
Market Current Prev Close Pct Move
TR SE Asia Index* 385.54 384.98 +0.15
Singapore 3140.44 3143.25 -0.09
Kuala Lumpur 1813.01 1824.03 -0.60
Bangkok 1301.48 1277.03 +1.91
Jakarta 4412.49 4441.59 -0.66
Manila 5982.24 5958.12 +0.40
Ho Chi Minh 533.54 526.68 +1.30