ASEAN KEY DESTINATIONS
27 January 2014
The Straits Times Index (STI) ended -33.56 points lower or -1.09% to 3042.43, taking the year-to-date performance to -3.87%.
The FTSE ST Mid Cap Index declined -0.80% while the FTSE ST Small Cap Index declined -1.25%. The top active stocks were SingTel (-0.57%), DBS (-0.60%), Keppel Corp (-1.50%), UOB (-0.45%) and GLP (-1.04%).
The outperforming sectors today were represented by the FTSE ST Basic Materials Index (+0.67%). The two biggest stocks of the FTSE ST Basic Materials Index are Midas Holdings (-1.05%) and Geo Energy Resources (-1.54%). The underperforming sector was the FTSE ST Technology Index, which declined -2.08% with Silverlake Axis’s share price declining -3.83% and STATS ChipPAC ’s share price declining -1.54%. The FTSE ST Financials Index declined -0.54%.
The three most active Exchange Traded Funds (ETFs) by value today were the SPDR Gold Shares (+0.80%), IS MSCI India (-3.35%), SPDR Straits Times Index ETF (-0.32%).
The three most active Real Estate Investment Trusts (REITs) by value were Suntec REIT (unchanged), CapitaCommercial Trust (+1.74%), Ascendas REIT (+0.47%).
The most active index warrants by value today were HSI22400MBePW140227 (+34.41%), HSI22800MBeCW140227 (-40.30%), HSI22000MBeCW140227 (-36.81%).
The most active stock warrants by value today were DBS MB ePW140401 (+6.76%), DBS MB eCW140502 (-10.48%), UOB MB eCW140701 (-29.67%).
Singapore Stock Market
*ST Index 3,042.43 -33.56 3,075.99 -24.25
Volume: 2,475.1M 2,241.9M
Value: $1,420.9M $1,110M
Gainers/Losers: 81/412 141/256
Daily Market Commentary (Securities)
27 Jan 2014
The FBM KLCI index lost 23.69 points or 1.31% on Monday. The Finance Index fell 1.08% to 16234.38 points, the Properties Index dropped 1.79% to 1245.88 points and the Plantation Index down 1.42% to 8375.69 points. The market traded within a range of 16.54 points between an intra-day high of 1794.16 and a low of 1777.62 during the session.
Actively traded stocks include SUMATEC, XDL, SUMATEC-WB, GPACKET, IRIS, DAYA, SONA-WA, CIMB, XDL-WA and KNM. Trading volume increased to 1717.70 mil shares worth RM2743.86 mil as compared to Friday’s 1586.77 mil shares worth RM2097.07 mil.
Leading Movers were MISC (+5 sen to RM5.65), CIMB (+1 sen to RM6.91), GENTING (+2 sen to RM10.38) and UMW (+4 sen to RM11.44). Lagging Movers were TENAGA (-48 sen to RM11.00), MAYBANK (-18 sen to RM9.47), SKPETRO (-16 sen to RM4.35), TM (-23 sen to RM5.28) and PBBANK (-12 sen to RM19.02). Market breadth was negative with 116 gainers as compared to 793 losers.
The KLCI plunged 23.69 points to 1778.88 mainly due to losses in Tenaga and Maybank, amid the bearish performance in US market. Meanwhile, investor sentiment was dampened by slower growth in China economy and the possibility of further stimulus cut by Federal Reserve in this Wednesday’s FOMC meeting.
As of 27 January 2014 Unit: M.Baht
Type Buy Sell Net
Institution 1,733.54 3,076.44 -1,342.90
Proprietary 3,393.66 2,675.41 718.25
Foreign 8,689.35 12,046.32 -3,356.97
Individual 13,789.49 9,807.87 3,981.62
Total Trading Value 27,606.04 M.Baht
Vietnam's benchmark VN Index closed down 0.66 percent on Monday as investors took profits in some blue chips, while the volume hit a three-week
low before a long holiday.
Investors, mostly Vietnamese, pulled money out of the market and took profit from the big-cap stocks with strong gain in the past weeks as demand for cash surges before market holidays between Jan. 28 and Feb. 5, analysts said.
The volume hit a three-week low at 67.5 million shares, or two thirds of the daily average volume last week, Reuters data showed.
Foreign investors have been net buyers for stocks worth nearly 1.6 trillion dong ($75.9 million) as of Jan. 24, down 37 percent from the same period last year, according to the exchange's data.
PetroVietNam Gas, Vietnam's largest listed firm, led the losers, with shares dropping 2.53 percent, followed by Hanoi-based lender BIDV , the country's largest listed bank by assets, that lost 2.13 percent.
All markets in Vietnam will reopen on Feb. 6.
Here is a snapshot of the VN Index at the close
VN Index 556.52
PREV. CLOSE 560.19
% CHANGE -0.66%
All Southeast Asian stocks plunged on Monday, with foreign investors shedding exposure to risky assets, as emerging markets remained under pressure on concerns over U.S. Federal Reserve further tapering its stimulus and fears of a slowdown in China.
Indonesia's Jakarta Composite Index fell 2.6 percent to its lowest level since Jan. 10, led by financial stocks.
Foreign investors cut their exposure in the region's risky assets on Monday. Jakarta saw a net foreign outflow of $79.93 million, while Malaysia suffered net foreign selling of $100.96 million. Thailand and the Philippines witnessed foreign outflows of $102.19 million and $33.99 million, respectively.
"The Fed tapering policy and China's slowing growth caused investors to lose confidence in emerging markets, especially in Indonesia," said John Teja, director of Jakarta-based broker Ciptadana Securities.
Fed officials are seen cutting bond-buying by another $10 billion at their regular two-day policy meeting beginning on Tuesday, while investors continued to fret about the impact of tightening credit conditions in China as Beijing seeks to curb growth in high-risk lending.
Malaysian shares fell 1.3 percent to a 3-1/2-month low, Philippine shares plummeted 1.8 percent to a near one-week low, and Vietnam index <.VNI> , the best performer in the region so far this year, closed 0.7 percent weaker on profit-booking in some blue chips.
Singapore share index declined 1.1 percent to a near five-month low.
Thailand index fell 2 percent to a near two-week low, led by energy and banks amid lingering political concerns a day after one of the leaders of anti-government protests in Bangkok was shot dead when violence erupted as demonstrators tried to block early voting for an election next week.
Nomura in a research report said the current political tensions in Thailand will only slow, but not derail, the long-term development of the economy.
SOUTHEAST ASIAN STOCK MARKETS
Market Current Prev Close Pct Move
TR SE Asia Index* 377.09 383.47 -1.66
Singapore 3042.43 3075.99 -1.09
Kuala Lumpur 1778.88 1802.57 -1.31
Bangkok 1288.59 1314.63 -1.98
Jakarta 4322.78 4437.34 -2.58
Manila 6081.61 6191.50 -1.77
Ho Chi Minh 556.52 560.19 -0.66