ASEAN KEY DESTINATIONS
30 January 2014
The Straits Times Index (STI) ended -20.71 points lower or -0.68% to 3027.22, taking the year-to-date performance to -4.35%.
The FTSE ST Mid Cap Index declined -0.83% while the FTSE ST Small Cap Index declined -0.13%. The top active stocks were SingTel (-0.28%), DBS (-0.30%), UOB (-0.94%), Keppel Corp (-1.33%) and GLP (-0.71%).
The outperforming sectors today were represented by the FTSE ST Utilities Index (+0.16%). The two biggest stocks of the FTSE ST Utilities Index are Hyflux (-0.86%) and HanKore (+0.92%). The underperforming sector was the FTSE ST Real Estate Holding and Development Index, which declined -1.23% with Hongkong Land Holdings’ share price declining -0.82% and Global Logistic Properties’ share price declining -0.71%.The FTSE ST Basic Materials Index declined -0.67%. The FTSE ST Financials Index declined -0.77%.
The three most active Exchange Traded Funds (ETFs) by value today were the SPDR Straits Times Index ETF (-0.64%), Lyxor China (-2.12%), Lyxor Asia (-0.88%).
The three most active Real Estate Investment Trusts (REITs) by value were Suntec REIT (-1.23%), Ascendas REIT (-1.39%), CapitaMall Trust (-0.53%).
The most active index warrants by value today were HSI21600MBePW140227 (+5.26%), HSI22000MBeCW140227 (-12.87%), HSI22800MBeCW140328 (-11.11%).
The most active stock warrants by value today were UOB MB eCW140701 (-7.63%), DBS MB ePW140401 (+3.21%), DBS MB eCW140502 (-3.41%).
Singapore Stock Market
*ST Index 3,027.22 -20.71 3,047.93 -14.48
Volume: 1,630.3M 1,931.4M
Value: $1,023.8M $1,051.5M
Gainers/Losers: 130/249 168/236
Daily Market Commentary (Securities)
30 Jan 2014
The FBM KLCI index gained 14.80 points or 0.83% on Thursday. The Finance Index increased 0.12% to 16408.68 points, the Properties Index up 0.49% to 1255.72 points and the Plantation Index rose 0.61% to 8428.94 points. The market traded within a range of 23.93 points between an intra-day high of 1804.03 and a low of 1780.10 during the session.
Actively traded stocks include GPACKET, KNM, ZELAN-WA, IRIS, KNM-WA, ZELAN, DAYA, HUBLINE, DIGI and CIMB.
Leading Movers were TENAGA (+56 sen to RM11.80), GENTING (+26 sen to RM10.40), GENM (+15 sen to RM4.36), PETGAS (+40 sen to RM23.38) and MISC (+13 sen to RM6.00). Lagging Movers were PBBANK (-4 sen to RM19.08), IHH (-4 sen to RM3.69), PETCHEM (-2 sen to RM6.65), RHBCAP (-7 sen to RM7.67) and HLBANK (-8 sen to RM14.10). Market breadth was negative with 291 gainers as compared to 318 losers.
The KLCI swung between gains and losses in the morning trading session before closing sharply higher at 1804.03 points. The Index jumped in the last few trading minutes, mainly lifted by the strong gains made by Tenaga, Genting Malaysia, and Genting. Regionally, market sentiment was low with most of our regional peers in the red as Federal Reserve planned more cuts in its bond stimulus and a decline in January PMI data posted by China showed contraction.
Indonesian stocks fell as much as 1.6 percent on Thursday morning, hurt by worldwide market fears over the U.S. Federal Reserve decision to trim its bond purchases by another $10 billion.
Asian shares took a spill as strains in emerging markets returned with a vengeance following the U.S. tapering announcement. Also, a measure of Chinese manufacturing slipped to a six-month low for January and gave speculators a fresh excuse to target risky assets.
"Stronger U.S. dollar is feared to be a negative sentiment for some developing and emerging countries, which are still struggling with the trade deficit and foreign debt," said Batavia Prosperindo Sekuritas in a note on Thursday.
Semen Indonesia and Holcim Indonesia were down more than 2 percent each, while Astra International was down 1.56 percent on concern that these cement and auto makers are likely to post negative monthly sales numbers due to the recent floods in the country.
However, the drop was redeemed by better trade surplus of $800 million seen in December, announced by Finance Minister Chatib Basri.
At 0500 GMT, Jakarta composite index was down 0.68 percent. Blue chip index slid 0.87 percent, drove by miscellaneous and basic industry sectors. which were down 1.2 percent each.
Thai bourse launches investment center in eastern region
BANGKOK, January 30, 2014 – The Stock Exchange of Thailand (SET) today launches its seventh financial and investment information center, called a “SET Investment Center (SET IC)”, conveniently located in Kasetsart University’s Si Racha campus, reaching out to provide extensive information to students, investors, securities professionals and the general public in Chonburi and neighboring provinces on the eastern seaboard.
This center embraces the same strategic tools as the six previous centers. Firstly, it continues to follow "Your Investment Center: One You Can Reach," concept. Secondly, it is part of a strong university network, offering modern and comprehensive learning sources equipped with a variety of effective media, including a magnitude of online media, e.g., the SET Market Analysis and Reporting Tool (SETSMART) with stock prices, live broadcast of Opportunity Day activities, Aspen and Click2win programs, and e-learning on www.tsi-thailand.org . Each center also provides seminars by professionals from SET and securities companies and other training throughout the year to ensure that participants have sustainable investment opportunities, and costs THB 4.5 million.
“SET ICs have been well-received by investors and the general public in each region. Chonburi, a key economic center with high potential growth in both industrial and investment sectors, is highly populated, with affluent residents, entrepreneurs, professionals and investors who welcome opportunities and guidance in financial and wealth management. We are delighted to help fill their investment demand,” stated SET President Charamporn Jotikasthira.
The other SET ICs are in six universities nationwide: Chiang Mai University, Khon Kaen University, Naresuan University, Prince of Songkla University (Hat Yai campus), Suratthani Rajabhat University, and Ubon Ratchathani University. For more information, please visit www.tsi-thailand.org/SETIC .
As of 30 January 2014 Unit: M.Baht
Type Buy Sell Net
Institution 1,899.70 1,258.96 640.75
Proprietary 2,261.13 2,249.87 11.26
Foreign 6,754.05 10,116.85 -3,362.79
Individual 10,171.06 7,460.27 2,710.79
Total Trading Value 21,085.95 M.Baht
Singapore shares hit five-month lows on Thursday, posting their biggest monthly drop since August, with most others in Southeast Asia slipping amid renewed
risk aversion after the U.S. Federal Reserve further scaled back its stimulus.
The benchmark Straits Times Index ended down 0.7 percent at 3,027.22, the lowest level since Sept. 4. It posted a 4.4 percent fall in January.
Stock markets in Singapore, Malaysia, Indonesia and the Philippines will be closed for the Lunar New Year holiday on Friday.
Foreign-led selling sent Philippine shares down 0.5 percent on the day, trimming their monthly gains to 2.6 percent.
The Philippines bourse said foreign investors sold a net 909 million peso ($20.1 million) worth of shares on Thursday.
In Bangkok, the SET index fell for a fourth session, down 0.6 percent in low volumes on worries that the election on Sunday could turn violent. The index closed at 1,264.07, the lowest since Jan. 10.
Thai army will increase the number of troops in the capital ahead of Sunday's election as the government warned it might not be able to contain violence if anti-government protesters try to stop people voting.
SOUTHEAST ASIAN STOCK MARKETS
Market Current Prev Close Pct Move
TR SE Asia Index* 377.03 378.78 -0.46
Singapore 3027.22 3047.93 -0.68
Kuala Lumpur 1804.03 1789.23 +0.83
Bangkok 1264.07 1271.42 -0.58
Jakarta 4418.76 4417.35 +0.03
Manila 6041.19 6069.84 -0.47