ASEAN KEY DESTINATIONS
06 January 2014
The Straits Times Index (STI) ended -7.65 points lower or -0.24% to 3123.82, taking the year-to-date performance to -1.30%.
The FTSE ST Mid Cap Index declined -0.23% while the FTSE ST Small Cap Index gained 0.19%. The top active stocks were SingTel (-1.67%), Memstar Technology (4.76%), OCBC (-1.50%), HanKore (2.52%) and DBS (0.24%).
The outperforming sectors today were represented by the FTSE ST Basic Materials Index (3.61%). The two biggest stocks of the FTSE ST Basic Materials Index are Midas Holdings (1.00%) and Geo Energy Resources (1.59%). The underperforming sector was the FTSE ST Telecommunications Index, which declined -1.55% with SingTel’s share price declining -1.67% and StarHub’s share price declining -0.94%. The FTSE ST Financials Index declined -0.19%.
The three most active Exchange Traded Funds (ETFs) by value today were the IS MSCI India (unchanged), SPDR Gold Shares (0.52%), China A50 ETF (-1.96%).
The three most active Real Estate Investment Trusts (REITs) by value were Ascendas REIT (0.46%), CapitaMall Trust (0.53%), Suntec REIT (unchanged).
The most active index warrants by value today were HSI22400MBePW140227 (4.21%), HSI23200MBePW140227 (7.50%), HSI23200MBeCW140129 (-21.21%).
The most active stock warrants by value today were UOB BP eCW140702 (-0.74%), KepCorp MBeCW140401 (0.89%), DBS MB eCW140502 (unchanged).
Singapore Stock Market
*ST Index 3,123.82 -7.65 3,131.47 -43.18
Volume: 3,510.4M 3,295.2M
Value: $798.3M $904.6M
Gainers/Losers: 183/235 141/298
Daily Market Commentary (Securities)
6 Jan 2014
The FBM KLCI index lost 5.56 points or 0.30% on Monday. The Finance Index fell 0.20% to 16770.9 points, the Properties Index up 0.83% to 1305.95 points and the Plantation Index down 0.64% to 8770.66 points. The market traded within a range of 7.61 points between an intra-day high of 1836.74 and a low of 1829.13 during the session.
Actively traded stocks include HUBLINE, INGENCO, SUMATEC, IRIS, DAYA, SUMATEC-WB, TIGER-WB, KNM, PUC and AIRASIA. Trading volume increased to 1964.91 mil shares worth RM1840.57 mil as compared to Friday’s 1310.60 mil shares worth RM1617.54 mil.
Leading Movers were TENAGA (+12 sen to RM11.12), KLK (+12 sen to RM24.24), PETDAG (+10 sen to RM30.50), PBBANK (+8 sen to RM18.98) and ASTRO (+6 sen to RM3.04). Lagging Movers were BAT (-70 sen to RM63.18), PETGAS (-52 sen to RM23.08), PPB (-42 sen to RM15.50), HLFG (-26 sen to RM15.24) and UMW (-14 sen to RM12.14). Market breadth was positive with 538 gainers as compared to 262 losers.
The KLCI slid in the first trading day of the week, closing at 1829.18 points. The decline was in line with the lower broader Asian market as a gauge of China’s services industries dropped, signaling slower growth in China. However, the local investors were seen back from the holiday season, as suggested by the higher trading volume and value.
As of 6 January 2014 Unit: M.Baht
Type Buy Sell Net
Institution 2,956.71 4,640.04 -1,683.33
Proprietary 5,008.37 4,207.09 801.28
Foreign 11,378.09 10,034.56 1,343.52
Individual 14,479.02 14,940.49 -461.47
Total Trading Value 33,822.19 M.Baht
Vietnam's benchmark VN Index rose 0.74 percent to close on Monday, led by gains in most blue chips, and investors were expecting good business results in some firms, an analyst said.
Real estate, energy and securities sectors attracted investors who have been expecting solid corporate earnings of these companies for the fourth quarter of 2013, said analyst Pham Van Khoa at Bao Viet Securities.
These results are likely to be released within the next two weeks, Khoa said.
Pha Lai Thermal Power Co gained 3.54 percent, property firm HAGL rose 1.95 percent, and Sai Gon Securities Incorp advanced 1.67 percent.
Shares of PetroVietNam Gas, the country's largest listed firm, also climbed 1.52 percent, while food producer Ma San Group increased 0.61 percent.
Here is a snapshot of the VN Index at the close
VN Index 509.1
PREV. CLOSE 505.37
% CHANGE 0.74%
Indonesian shares underperformed in Southeast Asia on Monday, sliding to their lowest in two weeks amid weak fourth-quarter economic estimates and a fall in the rupiah , while short-covering helped Thai stocks recoup earlier losses.
Jakarta's Composite Index dropped 1.3 percent to 4,202.81, their lowest close since Dec. 23. Agricultural and mining stocks led the decliners due to
concerns about the impact of the rupiah's weakness on earnings.
Indonesia's economy contracted by 1.4 to 2 percent in the fourth quarter from the previous three months, though full-year growth was 5.7 percent, Finance Minister Chatib Basri said on Monday.
The Thai SET index ended up 0.5 percent at 1,230.84, helped by late buying in battered stocks such as Kasikornbank and Advanced Info Service .
The benchmark fell to 1,205.44 at one point, the lowest since August 2012.
Short-term trading dominated the market, while the persisting political uncertainty kept the market rebound small, said Pichai Lertsupongkij, a senior analyst at broker Thanachart Securities, pegging near-term resistance of the SET at 1,240.
"Flows moved out of energy into banking and telecoms shares today, mainly involving short-term trading. A big picture is still weak as political concerns remain," said Pichai Lertsupongkij.
Thousands of anti-government protesters marched through the Thai capital on Sunday, a prelude to a broader action next week when they say they will shut down Bangkok in their bid to scuttle a February election and topple Prime Minister Yingluck Shinawatra.
Stocks in Singapore and Malaysia ended down amid weaknesses in Asian stockmarkets after growth in China's services sector slowed sharply last month.
Philippine shares gained 0.6 percent, helped by selective buying in large caps such as Philippine Long Distance Telephone , while Vietnam rose 0.74 percent, led by gains in most blue chips.
SOUTHEAST ASIAN STOCK MARKETS
Market Current Prev Close Pct Move
TR SE Asia Index* 379.25 379.62 -0.10
Singapore 3123.82 3131.47 -0.24
Kuala Lumpur 1829.18 1834.74 -0.30
Bangkok 1230.84 1224.62 +0.51
Jakarta 4202.81 4257.66 -1.29
Manila 5985.81 5947.93 +0.64
Ho Chi Minh 509.10 505.37 +0.74