ASEAN KEY DESTINATIONS
24 January 2014
The Straits Times Index (STI) ended -24.25 points lower or -0.78% to 3075.99, taking the year-to-date performance to -2.81%.
The FTSE ST Mid Cap Index declined -0.67% while the FTSE ST Small Cap Index declined -0.27%. The top active stocks were DBS (-1.01%), SingTel (+0.57%), Keppel Corp (-1.84%), OCBC (-0.73%) and CapitaLand (-1.39%).
The outperforming sectors today were represented by the FTSE ST Telecommunications Index (+0.49%). The two biggest stocks of the FTSE ST Telecommunications Index are SingTel (+0.57%) and StarHub (+0.24%). The underperforming sector was the FTSE ST Oil & Gas Index, which declined -1.35% with Keppel Corp ’s share price declining -1.84% and Sembcorp Industries ’s share price declining -0.94%. The FTSE ST Basic Materials Index declined -1.32%. The FTSE ST Financials Index declined -0.81%.
The three most active Exchange Traded Funds (ETFs) by value today were the SPDR Gold Shares (+1.59%), SPDR Straits Times Index ETF (-0.95%), Lyxor Asia (-1.47%).
The three most active Real Estate Investment Trusts (REITs) by value were Ascendas REIT (-0.94%), Suntec REIT (+0.63%), CapitaMall Trust (-0.26%).
The most active index warrants by value today were HSI22400MBePW140227 (+32.86%), HSI22800MBeCW140227 (-31.63%), HSI23200MBePW140227 (+22.63%).
The most active stock warrants by value today were DBS MB eCW140502 (-9.48%), DBS MB ePW140401 (+6.48%), KepCorp MBeCW140701 (-11.54%).
Singapore Stock Market
*ST Index 3,075.99 -24.25 3,100.24 -33.5
Volume: 2,241.9M 2,700.9M
Value: $1,110M $1,329.3M
Gainers/Losers: 141/256 130/311
Daily Market Commentary (Securities)
24 Jan 2014
The FBM KLCI index lost 5.74 points or 0.32% on Friday. The Finance Index fell 0.41% to 16412.09 points, the Properties Index dropped 0.73% to 1268.64 points and the Plantation Index down 1.01% to 8496.18 points. The market traded within a range of 7.87 points between an intra-day high of 1806.44 and a low of 1798.57 during the session.
Actively traded stocks include IRIS, SUMATEC, XDL, SILKHLD, TIGER-WB, KNM, DAYA, XDL-WA, KRETAM and MARCO. Trading volume increased to 1586.77 mil shares worth RM2097.07 mil as compared to Thursday’s 1520.54 mil shares worth RM2022.88 mil. Leading Movers were CIMB (+10 sen to RM6.90), AXIATA (+4 sen to RM6.57), IOICORP (+2 sen to RM4.21), PPB (+10 sen to RM15.64) and YTL (+1 sen to RM1.57).
Lagging Movers were KLK (-108 sen to RM23.74), MAYBANK (-11 sen to RM9.65), SKPETRO (-9 sen to RM4.51), SIME (-8 sen to RM9.05) and DIGI (-6 sen to RM4.67). Market breadth was negative with 294 gainers as compared to 452 losers.
The KLCI ended lower at 1802.57 points in the last trading day of the week. The bearish performance of the benchmark index was in line with most of regional markets, amid continuous concern over the weaker PMI data posted by China yesterday.
As of 24 January 2014 Unit: M.Baht
Type Buy Sell Net
Institution 3,654.07 2,336.55 1,317.52
Proprietary 4,365.68 3,831.40 534.28
Foreign 10,050.38 10,210.66 -160.28
Individual 15,918.40 17,609.92 -1,691.52
Total Trading Value 33,988.52 M.Baht
Vietnam's VN Index closed up 1.2 percent on Friday as foreign investors stepped up buying, boosting some blue chips and propping up the market as domestic traders sold shares ahead of a long holiday.
Most local investors offloaded equities as cash demand often surges before the Jan. 28 to Feb. 5 Lunar New Year holiday, analysts said, although foreign buying was still strong enough to push the index up.
It would further rise next month as Vietnamese investors return after the holiday and foreigners are likely to continue buying, analysts said. The market closed at 560.19 points and reached a four-year high last week during a winning streak of 13 trading days.
PetroVietNam Gas, Vietnam's largest listed firm, rose 4.64 percent, and food producer Ma San Group climbed 3.19 percent.
HAGL , which specialises in property but has numerous commodities investments, advanced 2.31 percent after a state-run newspaper reported on Friday that several ministries showed support for its proposal to import 30,000 tonnes of raw sugar from its plants in Laos.
Shares of BIDV , Vietnam's largest listed bank by assets, rose 0.53 percent on its debut, with 8.4 million of its shares changing hands, or almost 10 percent of the total volume on the Ho Chi Minh Stock Exchange, Reuters data showed.
BIDV's capitalisation accounted for around 5 percent of that of the entire market. Its debut made the banking sector's capitalisation the largest on the exchange, BIDV said in a statement.
Here is a snapshot of the VN Index at the close
VN Index 560.19
PREV. CLOSE 553.55
% CHANGE 1.20%
Stocks in Indonesia and Singapore fell on Friday as disappointing Chinese manufacturing data and the possibility of the U.S. Federal Reserve further trimming its bond buying next week hit sentiment.
However, Thai shares gained after political unrest eased in the capital.
The Jakarta Composite Index lost 1.3 percent, led by financials and hurt by a weaker rupiah.
The index fell from a near three-month high hit in the previous session, after having gained 1.9 percent in the four straight sessions until Thursday. The rupiah slid as much as 0.7 percent in early trade.
Cautious investors are awaiting directions from the Fed, 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.
Singapore eased 0.8 percent to a near five-week low. The index fell 2.27 percent on week, its worst weekly performance in the last 22 straight weeks, Thomson Reuters data showed.
Singapore conglomerate Keppel Corp fell 1.8 percent on Friday, a day after it posted a 26 percent decline in 2013 net profit.
Singapore shares have been the worst performers this week followed by Malaysia and Thailand. Malaysia ended down 0.3 percent to a more than five-week low with a foreign outflow of 56.33 million on Friday
However, Thai shares bucked the trend, rising 0.5 percent after Bangkok returned to calm after weeks of political unrest, extending the week's net gain to 1.5 percent.
Foreign investors sold only $4.87 million worth Thai share, after buying a net $56.55 million worth of stocks on Thursday.
Bangkok suffered a $221.4 million outflow in seven straight sessions through Wednesday.
The Philippine share index , the best performer for the week, closed up 0.4 percent, while Vietnam gained 1.2 percent as foreign investors stepped up buying, boosting some blue chips and propping up the market as domestic traders sold shares ahead of a long holiday.
SOUTHEAST ASIAN STOCK MARKETS
Market Current Prev Close Pct Move
TR SE Asia Index* 383.56 385.41 -0.48
Singapore 3075.99 3100.24 -0.78
Kuala Lumpur 1802.57 1808.31 -0.32
Bangkok 1314.63 1308.34 +0.48
Jakarta 4437.34 4496.04 -1.31
Manila 6191.50 6170.05 +0.35
Ho Chi Minh 5560.19 553.55 +1.20