ASEAN KEY DESTINATIONS
21 January 2014
The Straits Times Index (STI) ended +4.97 points higher or +0.16% to 3133.76, taking the year-to-date performance to -0.98%.
The FTSE ST Mid Cap Index gained +0.45% while the FTSE ST Small Cap Index gained +0.47%. The top active stocks were DBS (-0.23%), SingTel (+0.86%), UOB (-0.15%), HanKore (+6.36%) and OCBC (-0.10%).
The outperforming sectors today were represented by the FTSE ST Utilities Index (+3.15%). The two biggest stocks of the FTSE ST Utilities Index are Hyflux (+1.73%) and HanKore (+6.36%). The underperforming sector was the FTSE ST Health Care Index, which declined -0.38% with Raffles Medical Group ’s share price declining -0.32% and Biosensors International Group’s share price declining -0.57%.The FTSE ST Basic Materials Index gained +2.04%. The FTSE ST Financials Index declined -0.01%.
The three most active Exchange Traded Funds (ETFs) by value today were the DBXT FTSE Vietnam ETF (+1.08%), IS MSCI India (-0.17%), SPDR Straits Times Index ETF (+0.31%).
The three most active Real Estate Investment Trusts (REITs) by value were Ascendas REIT (+0.46%), CapitaMall Trust (+0.27%), Keppel REIT (+0.43%).
The most active index warrants by value today were HSI22800MBeCW140227 (+10.62%), HSI23200MBePW140227 (-14.39%), HSI23600MBeCW140227 (+5.17%).
The most active stock warrants by value today were DBS MB eCW140502 (+0.64%), DBS MB eCW140603 (+0.99%), KepCorp MBeCW140401 (unchanged).
Singapore Stock Market
*ST Index 3,133.76 +4.97 3,128.79 -18.54
Volume: 3,303.7M 3,071M
Value: $955.6M $830.2M
Gainers/Losers: 258/161 146/272
Daily Market Commentary (Securities)
21 Jan 2014
The FBM KLCI index gained 8.49 points or 0.47% on Tuesday. The Finance Index increased 0.38% to 16685.86 points, the Properties Index up 0.06% to 1280.74 points and the Plantation Index rose 0.05% to 8484.08 points. The market traded within a range of 10.69 points between an intra-day high of 1816.94 and a low of 1806.25 during the session.
Actively traded stocks include KNM, BLOOSMO, KNM-WA, XDL-WA, ASIAPAC, DAYA, XDL, MINETEC, IRIS and SUMATEC. Trading volume increased to 1591.66 mil shares worth RM1847.41 mil as compared to Monday’s 1557.70 mil shares worth RM1732.81 mil.
Leading Movers were YTL (+6 sen to RM1.58), TENAGA (+10 sen to RM11.50), GENTING (+12 sen to RM10.20), PETCHEM (+9 sen to RM6.72) and MAYBANK (+5 sen to RM9.86). Lagging Movers were FGV (-3 sen to RM4.37), PETDAG (-14 sen to RM30.38), MAXIS (-1 sen to RM6.99) and HLBANK (-2 sen to RM14.14). Market breadth was positive with 419 gainers as compared to 357 losers.
The KLCI end 7.75 points higher at 1815.34, snapping its three-day losing streak. The gain in the benchmark index was in line with other Asian markets, amid the drop in China's money market rate after China Central Bank injected funds into their financial system.
Indonesia sells 15 trln rupiah of bonds, well above target, at lower yields
Indonesia's finance ministry raised 15 trillion rupiah ($1.24 billion) at a bond auction on Tuesday, well above an indicative target of 10 trillion rupiah.
The country sold all offered government securities, with yields for 1-year T-bills, 5- and 10-year bonds all lower than the previous auction on Jan. 7.
The yield for 1-year T-bills was 7.01260 percent, against 7.34775 percent. The yield on 5-year bonds was 7.83358 percent, compared with 8.64861 percent.
The yield for 10-year bonds was 8.43996 percent, compared with 9.18643 percent.
Indonesia aims to raise 78 trillion rupiah of conventional and sharia bonds in January-March. It has sold 25 trillion rupiah of bonds so far this year.
Indonesian shares up; property, plantation lead
21 January 2014 13:35 (GMT/UTC+08:00) - Thomson Reuters
Indonesian shares rose 0.36 percent by midday, in line with regional indexes and boosted by palm oil and property stocks.
The blue chip index rose 0.31 percent to 750.8 on Tuesday. Property stocks jumped 1.61 percent, while plantation sector rose 0.91 percent.
Property stocks such as Bumi Serpong Damai , Alam Sutera Realty and Summarecon Agung rose more than 2.7 percent each on higher-than-expected marketing sales.
"There would probably be no earnings surprise for full-year 2013. The indicated net profit is in-line with both our estimate and consensus. Whereas the marketing sales achievement stood 5.8 percent above our forecast," Trimegah Securities said in a note.
Palm oil producers such as Salim Ivomas and London Sumatera rose more than 2.4 percent each.
"We think that CPO price uptrend will continue due to higher palm oil demand over its supply," said Hariyanto Wijaya, plantation analyst at Jakarta-based Mandiri Sekuritas, who rated the sector as "overweight".
As of 21 January 2014 Unit: M.Baht
Type Buy Sell Net
Institution 2,847.94 1,503.06 1,344.88
Proprietary 3,578.61 4,823.03 -1,244.42
Foreign 8,043.52 9,007.60 -964.07
Individual 12,629.76 11,766.14 863.62
Total Trading Value 27,099.84 M.Baht
Vietnam's benchmark VN Index closed up 1.13 percent on Tuesday, extending its winning streak to 13 sessions, boosted by foreign funds buying blue
chips, analysts said.
Shares in Baoviet Holdings , Vietnam's biggest insurer, climbed 6.79 percent to reach its seven-month high of 47,200 dong ($2.24) each.
Real estate firm Vingroup rose 4.61 percent and Petrovietnam Drilling and Well Service increased 6.47 percent.
Although some investors took profit in the morning session, the strong buying demand from foreign funds boosted the index on Tuesday, said analyst Nguyen Hoai Nam at Maybank Kim Eng Securities.
"Because of the unstable political situation in Thailand, some foreign funds are shifting their investment to Vietnam," Nam added.
Foreign investors were net buyers of 22 million shares last week, the highest weekly level since the first week of February
2013, the exchange's data showed.
Here is a snapshot of the VN Index at the close
VN Index 559.91
PREV. CLOSE 553.67
% CHANGE 1.13%
Thai shares snapped two sessions of falls on Tuesday, helped by selective buying in large-caps such as Airports of Thailand while Philippine stocks
rose to their highest in almost seven weeks amid a fall in the peso and on foreign buying.
The Thai SET index closed up 0.2 percent at 1,293.10, coming off its day high of 1,304.28, amid expectations that the Bank of Thailand would cut its benchmark interest rate on Wednesday, but caution about the political protests weighed.
The Philippine main index extended gains for a fifth session, up 0.2 percent at 6,019.24, the highest since Dec. 5 last year, led by a 2.5 percent jump in shares of Philippine Long Distance Telephone , the country's biggest firm by market value.
The Philippine bourse said foreign investors bought shares worth a net 247 million peso ($5.47 million).
The Philippine peso fell to a more-than-three-year low as investors continued to bet on further reductions in the U.S. Federal Reserve's stimulus.
Stocks in Singapore, Malaysia and Indonesia posted modest gains in line with Asian stock markets, with MSCI's broadest index of Asia-Pacific shares outside Japan
Stocks in Vietnam pared earlier losses to close up 1.13 percent, boosted by foreign funds buying blue-chips.
SOUTHEAST ASIAN STOCK MARKETS
Market Current Prev Close Pct Move
TR SE Asia Index* 384.37 383.93 +0.11
Singapore 3133.76 3128.79 +0.16
Kuala Lumpur 1815.34 1807.59 +0.43
Bangkok 1293.10 1289.99 +0.24
Jakarta 4452.50 4431.57 +0.47
Manila 6019.24 6005.60 +0.23
Ho Chi Minh 559.91 553.67 +1.13