ASEAN KEY DESTINATIONS
23 January 2014
The Straits Times Index (STI) ended -33.5 points lower or -1.07% to 3100.24, taking the year-to-date performance to -2.04%.
The FTSE ST Mid Cap Index declined -0.70% while the FTSE ST Small Cap Index declined -0.87%. The top active stocks were DBS (-1.81%), UOB (-0.34%), SingTel (-1.13%), OCBC (-0.83%) and SunVic (-15.13%).
The outperforming sectors today were represented by the FTSE ST Utilities Index (+0.07%). The two biggest stocks of the FTSE ST Utilities Index are Hyflux (+0.86%) and HanKore (unchanged). The underperforming sector was the FTSE ST Basic Materials Index, which declined -3.52% with Midas Holdings’s share price declining -1.02% and Geo Energy Resources’s share price remaining unchanged. The FTSE ST Basic Materials Index declined -3.52%. The FTSE ST Financials Index declined -0.90%.
The three most active Exchange Traded Funds (ETFs) by value today were the IS MSCI India (+1.00%), SPDR Gold Shares (-0.12%), DBXT FTSE Vietnam ETF (-0.79%).
The three most active Real Estate Investment Trusts (REITs) by value were Ascendas REIT (-2.29%), CapitaMall Trust (+0.27%), Suntec REIT (-0.31%).
The most active index warrants by value today were HSI23200MBePW140227 (+22.32%), HSI22800MBeCW140227 (-19.67%), HSI23600MBeCW140227 (-31.67%).
The most active stock warrants by value today were DBS MB eCW140502 (-15.94%), KepCorp MBeCW140701 (-8.45%), KepCorp MBeCW140401 (-13.68%).
Singapore Stock Market
*ST Index 3,100.24 -33.5 3,133.74 -0.02
Volume: 2,700.9M 4,048.9M
Value: $1,329.3M $1,175.8M
Gainers/Losers: 130/311 180/234
Daily Market Commentary (Securities)
23 Jan 2014
The FBM KLCI index lost 5.79 points or 0.32% on Thursday. The Finance Index fell 0.70% to 16478.95 points, the Properties Index up 0.22% to 1277.93 points and the Plantation Index rose 0.71% to 8583.2 points. The market traded within a range of 9.33 points between an intra-day high of 1816.06 and a low of 1806.73 during the session.
Actively traded stocks include XDL, IRIS, XDL-WA, SILKHLD, KNM, BRIGHT-WB, CIMB, BLOOSMO, IOIPG and ASUPREM. Trading volume decreased to 1520.54 mil shares worth RM2022.88 mil as compared to Wednesday’s 1839.64 mil shares worth RM2135.52 mil.
Leading Movers were KLK (+120 sen to RM24.82), GENTING (+4 sen to RM10.40), PETDAG (+16 sen to RM30.68), PETGAS (+6 sen to RM23.16) and IHH (+1 sen to RM3.79). Lagging Movers were CIMB (-21 sen to RM6.80), AXIATA (-7 sen to RM6.53), BAT (-124 sen to RM62.00), FGV (-9 sen to RM4.38) and YTL (-3 sen to RM1.56). Market breadth was negative with 228 gainers as compared to 544 losers.
The FBM KLCI extended yesterday’s losses to close 5.79 points lower at 1808.31. The decline was in tandem with the slow performance in regional peers as investors became less confident after China posted a lower PMI data for January.
Indonesia's stock exchange on Thursday set the minimum amount of shares to be released to the public at 7.5 percent of the paid-up capital, in an effort to increase market liquidity and trading volume.
The regulation of minimum release of shares to the public, known as free-float, will be effective as of Jan. 30.
Listed companies will have two years to comply with this regulation, the stock exchange said.
The exchange is also raising free-float requirements for companies planning an initial public offering (IPO). The following table shows the details :
Equity valuation Free-float size
< 500 bln rupiah 20 percent
500 bln rupiah< 2 tln rupiah 15 percent
>= 2 tln rupiah 10 percent
Last month, Indonesia's stock exchange reduced trading sizes and price fractions, effective Jan. 6.
The Jakarta Composite index has risen 5 percent so far this year, making it the second best performing market in Southeast Asia after Vietnam.
As of 23 January 2014 Unit: M.Baht
Type Buy Sell Net
Institution 3,427.87 2,668.06 759.80
Proprietary 4,541.47 4,371.81 169.67
Foreign 13,035.11 11,176.07 1,859.05
Individual 15,849.31 18,637.83 -2,788.52
Total Trading Value 36,853.76 M.Baht
Vietnam's benchmark VN Index closed up 0.3 percent on Thursday with most stocks gaining as investors are optimistic with the macroeconomic outlook.
"The index is still on its upward trend," said analyst Vu Thi Thu Trang at APEC Securities, adding that the positive macroeconomic outlook was the main boost for the market.
Fitch Ratings on Thursday revised Vietnam's outlook to "positive" from "stable".
The market would also be upbeat on Friday when BIDV, Vietnam's second-largest lender by assets, debuts with a $2.5 billion listing, analysts said.
The government raising foreign holdings in listed firms to 60 percent from 49 percent now, which could soon be approved, will also help maintain the excitement on the country's two bourses, analysts said.
Many blue chips advanced, led by food producer Ma San Group that climbed 1.62 percent. PetroVietNam Gas, Vietnam's largest listed firm, increased 0.67 percent and dairy product maker Vinamilk was up 0.71 percent.
Here is a snapshot of the VN Index at the close
VN Index 553.55
PREV. CLOSE 551.92
% CHANGE 0.30%
Thai shares recovered strongly on Thursday to a near four-week high on foreign buying as the capital Bangkok returned to calm after weeks of political
unrest, while other Southeast Asian markets mostly ended firmer though Singapore underperformed.
The Thai SET index outperformed the region with a 1.4 percent gain, ending at 1,308.34 points, its highest close since Dec. 26, Thomson Reuters data showed.
The strong recovery was led by bank and energy shares.
Foreign investors bought a net $56.55 million worth of shares on Thursday after the Thai market saw a $221.4 million outflow in seven straight sessions through Wednesday.
Thailand's Constitutional Court on Thursday deferred a ruling on whether a general election scheduled for Feb. 2 can be postponed, as protesters who say they will boycott the vote kept up pressure on the government to step down.
Prime Minister Yingluck Shinawatra declared a 60-day state of emergency in Bangkok and surrounding areas from Wednesday, hoping to prevent an escalation in the protests now in their third month.
The Philippines index ended 0.5 percent firmer at its highest close since Dec. 3, led by a 3.8 percent gain in BDO Unibank Inc after the IMF raised the country's growth forecast.
Cautious investors are awaiting directions from the U.S. Federal Reserve, which some market players expect to further trim its bond buying next week even as Chinese manufacturing data pointed to a mild slowdown in the new year.
Vietnam's benchmark VN Index closed up 0.3 percent and the Jakarta Composite index ended up 0.4 percent at its highest level since Nov. 1.
Bucking the trend, Singapore underperformed the region with a 1.1 percent loss, while Malaysia fell 0.3 percent with a foreign outflow of $100.23 million, echoing sluggishness in Asian markets as investors remained cautious about Chinese manufacturing data.
SOUTHEAST ASIAN STOCK MARKETS
Market Current Prev Close Pct Move
TR SE Asia Index* 385.41 385.16 +0.07
Singapore 3100.24 3133.74 -1.07
Kuala Lumpur 1808.31 1814.10 -0.32
Bangkok 1308.34 1290.49 +1.38
Jakarta 4496.04 4477.49 +0.41
Manila 6170.05 6139.86 +0.49
Ho Chi Minh 553.55 551.92 +0.30