ASEAN KEY DESTINATIONS
22 January 2014
The Straits Times Index (STI) ended -0.02 points lower or -0.00% to 3133.74, taking the year-to-date performance to -0.98%.
The FTSE ST Mid Cap Index gained +0.55% while the FTSE ST Small Cap Index gained +0.04%. The top active stocks were DBS (-1.27%), CapitaLand (+0.35%), KLW (-6.52%), GLP (+1.38%) and SingTel (+0.57%).
The outperforming sectors today were represented by the FTSE ST Utilities Index (+1.91%). The two biggest stocks of the FTSE ST Utilities Index are Hyflux (-0.85%) and HanKore (-3.42%). The underperforming sector was the FTSE ST Technology Index, which declined -0.53% with Silverlake Axis’s share price remaining unchanged and STATS ChipPAC ’s share price declining -1.49%.The FTSE ST Basic Materials Index declined -0.43%. The FTSE ST Financials Index declined -0.04%.
The three most active Exchange Traded Funds (ETFs) by value today were the SPDR Gold Shares (-0.81%), DBXT FTSE Vietnam ETF (-1.70%), IS MSCI India (-0.66%).
The three most active Real Estate Investment Trusts (REITs) by value were Ascendas REIT (-0.46%), Suntec REIT (+0.63%), CapitaCommercial Trust (+1.02%).
The most active index warrants by value today were HSI23200MBePW140227 (-0.89%), HSI22800MBeCW140227 (-2.40%), HSI23600MBeCW140227 (-1.64%).
The most active stock warrants by value today were KepCorp MBeCW140701 (+4.41%), DBS MB eCW140502 (-12.66%), KepCorp MBeCW140401 (+5.56%).
Singapore Stock Market
*ST Index 3,133.74 -0.02 3,133.76 +4.97
Volume: 4,048.9M 3,303.7M
Value: $1,175.8M $955.6M
Gainers/Losers: 180/234 258/161
Daily Market Commentary (Securities)
22 Jan 2014
The FBM KLCI index lost 1.24 points or 0.07% on Wednesday. The Finance Index fell 0.54% to 16595.61 points, the Properties Index dropped 0.44% to 1275.08 points and the Plantation Index rose 0.46% to 8522.87 points. The market traded within a range of 13.14 points between an intra-day high of 1816.57 and a low of 1803.43 during the session.
Actively traded stocks include KNM, XDL, XDL-WA, HUBLINE, SUMATEC, KNM-WA, SILKHLD, TIGER-WB, MRCB and IOICORP. Trading volume increased to 1839.64 mil shares worth RM2135.52 mil as compared to Tuesday’s 1591.66 mil shares worth RM1847.41 mil.
Leading Movers were GENTING (+16 sen to RM10.36), PPB (+40 sen to RM15.64), FGV (+10 sen to RM4.47), BAT (+112 sen to RM63.24) and SKPETRO (+3 sen to RM4.60). Lagging Movers were CIMB (-10 sen to RM7.01), MAYBANK (-10 sen to RM9.76), AXIATA (-4 sen to RM6.60), GENM (-4 sen to RM4.34) and PBBANK (-4 sen to RM19.16). Market breadth was negative with 325 gainers as compared to 464 losers.
The KLCI finished 1.24 points lower at 1814.10 mainly due to losses in CIMB and Maybank. Investors are cautious on the expectation of further cut in US Federal Reserve’s stimulus and ahead of central bank meetings in Japan and Thailand.
Date As of: 22 January 2014 Time 16:00:00
Description Volume Value Frequency
ETF 24,400 14,710,500 166
Stock 4,338,184,791 5,555,646,373,543 212,074
Right 00 00 00
Warrant 31,911,300 1,889,758,200 1,649
Total 4,370,120,491 5,557,550,842,243 213,889
Thai bourse lists Hemaraj property fund on January 23
BANGKOK, January 22, 2014 - The Stock Exchange of Thailand (SET) will list Hemaraj Industrial Property and Leasehold Fund, managed by MFC Asset Management pcl, worth THB 4.7 billion (approx. USD 142 million), on its main board on January 23, under the ticker "HPF".
Paveena Sriphothong, SET senior vice president, said that HPF was the first property fund to list on the Thai bourse's REIT and Property Fund sector this
year. It sold 470 million units via an initial public offering (IPO) at THB 10 per unit, with total value of THB 4.7 billion during December 16-23, 2013.
Prapa Puranachote, MFC Asset Management president, said "HPF has invested in freehold and leasehold rights on the land and 104 ready-built factories on its 203 rai (32.48 hectares) covers 150,117 square meters factory space.
The factories are in four locations of industrial estates, and benefit from government investment promotion. The industrial estates involved are the Eastern Seaboard Industrial Estate (Rayong), Hemaraj Eastern Seaboard Industrial Estate, Hemaraj Chonburi Industrial Estate and Hemaraj Saraburi Industrial
Estate. HPF's advantages are its prime locations near Leam Chabang deep sea port and Maptaput Industrial Estate. HPF's continuous satisfactory performance is due to its income mainly coming from rental fees reflecting its premium market position, as well as Hemaraj's land development expertise and commitment. We are confident the HPF listing will be a great choice for investors."
HPF is a closed-end specific property fund with no maturity. Its dividend policy is to pay no less than four times a year at 90 percent of annual net profit of its financial year. The net profit excludes unrealized gains from evaluation of property and its leasehold rights.
The fund's top three unit holders after its IPOs are Hemaraj Land and Development pcl (23.12 percent), Krung Thai Bank pcl (10.00 percent) and
Government Savings Bank (10.00 percent).
As of 22 January 2014 Unit: M.Baht
Type Buy Sell Net
Institution 3,600.13 2,509.09 1,091.04
Proprietary 3,388.16 3,857.90 -469.74
Foreign 11,820.83 12,682.47 -861.64
Individual 12,951.62 12,711.29 240.34
Total Trading Value 31,760.74 M.Baht
Vietnam's benchmark VN Index closed down 1.43 percent on Wednesday, ending a 13-session run of gains as investors booked profits from
large-cap stocks, analysts said.
Investors sold blue chips that gained strongly over the past sessions, including steel producer Hoa Phat Group , which plummeted 6.48 percent and food producer Ma San , which lost 4.15 percent.
Property firm Vingroup fell 3.14 percent and PetroVietNam Gas , Vietnam's largest listed firm by capitalisation, dropped 2.6 percent.
Gains in other blue chips prevented bigger losses, among them top insurer Baoviet Holdings , which climbed 1.69 percent and Sacombank, which rose 0.47 percent.
Sacombank had a net profit before tax of 2.84 trillion dong ($134.6 million) in 2013, more than double its annual target, state media quoted the bank's chairman as saying on Wednesday.
VN Index 551.92
PREV. CLOSE 559.91
% CHANGE -1.43%
Philippine stocks jumped to their highest in more than seven weeks after the IMF raised the country's growth forecast, while other markets ended mixed over possibility of more cuts in the U.S. Federal Reserve's stimulus.
The Philippines stock index jumped 2 percent to 6,139.86 points, its highest close since Dec. 3, led by banks.
The index would test 6150-6300 level after surpassing the key barrier of 6,000, said Jonathan Ravelas, chief market strategist at BDO Unibank Inc, in a Twitter message.
The IMF on Wednesday raised its growth forecast for Philippines to 6.3 percent this year from 6 percent, with the country likely to benefit from faster growth in advanced economies and typhoon rebuilding.
Thai market fell as its central bank surprisingly kept its benchmark interest rate unchanged, contending that the country's months-long political unrest should only have a short-term impact on growth.
The Thai SET index underperformed the region with a 0.2 percent fall amid lingering political unrest in the capital.
A pro-government leader was shot and wounded on Wednesday in Thailand's northeast, a stronghold of Prime Minister Yingluck Shinawatra, as a 60-day state of emergency began in and around Bangkok where protesters are trying to force her from power.
Other markets traded mixed amid lower appetite for risky assets with many investors expecting the U.S. central bank to further trim its bond buying next week.
The Malaysian and Vietnam indexes were down 0.1 percent and 1.4 percent respectively, while Singapore ended steady. Indonesia's stock index ended 0.6 percent firmer.
SOUTHEAST ASIAN STOCK MARKETS
Market Current Prev Close Pct Move
TR SE Asia Index* 385.22 384.17 +1.05
Singapore 3133.74 3133.76 0.00
Kuala Lumpur 1814.10 1815.34 -0.07
Bangkok 1290.49 1293.10 -0.20
Jakarta 4477.49 4452.50 +0.56
Manila 6139.86 6019.24 +2.00
Ho Chi Minh 551.92 559.91 -1.43