ASEAN KEY DESTINATIONS
06 January 2015
The Straits Times Index (STI) ended -46.33 points lower or -1.39% to 3281.95, taking the year-to-date performance to -2.47%.
The FTSE ST Mid Cap Index declined -0.46% while the FTSE ST Small Cap Index declined -0.30%. The top active stocks were UOB (-2.67%), DBS (-1.05%), Keppel Corp (-4.26%), SingTel (-1.03%) and OCBC Bank (-1.84%).
The outperforming sectors today were represented by the FTSE ST Basic Materials Index (+2.58%). The two biggest stocks of the FTSE ST Basic Materials Index are Midas Holdings (+7.81%) and Geo Energy Resources (-2.33%). The underperforming sector was the FTSE ST Oil & Gas Index, which declined -3.37% with Keppel Corp’s share price declining -4.26% and Sembcorp Industries’ share price declining -2.55%.
The three most active Exchange Traded Funds (ETFs) by value today were the SPDR Gold Shares (+1.39%), United SSE China ETF (-0.43%), STI ETF (-1.19%).
The three most active Real Estate Investment Trusts (REITs) by value were CapitaMall Trust (-1.46%), Ascendas REIT (-1.66%), CapitaCom Trust (unchanged).
The most active index warrants by value today were HSI24000MBeCW150129 (-29.73%), HSI23200MBePW150129 (+29.31%), HSI23600MBeCW150226 (-15.85%).
The most active stock warrants by value today were SGX MB eCW150803 (-4.92%), DBS MB ePW150402 (+12.00%), UOB MB eCW150415 (-27.05%).
Singapore Stock Market
*ST Index 3,281.95 -46.33 3,328.28 -42.31
Volume: 1,356M 1,257.6M
Value: $1,243.1M $844.6M
Gainers/Losers: 126/286 165/257
Daily Market Commentary (Securities)
06 Jan 2015
The FBM KLCI index lost 20.04 points or 1.15% on Tuesday. The Finance Index fell 1.78% to 15198.57 points, the Properties Index dropped 1.53% to 1254.91 points and the Plantation Index down 0.51% to 7712.17 points. The market traded within a range of 22.16 points between an intra-day high of 1730.94 and a low of 1708.78 during the session.
Actively traded stocks include IRIS, MINETEC, HUBLINE, KRONO, IRIS-WB, AIRASIA, JOBST, SONA-WA, HIS-CJ and MINETEC-WA. Trading volume increased to 1637.94 mil shares worth RM1858.58 mil as compared to Monday’s 1468.16 mil shares worth RM1411.94 mil.
Leading Movers were YTL (+2 sen to RM1.61), KLCC (+3 sen to RM6.65) and MAXIS (+1 sen to RM6.75). Lagging Movers were PETCHEM (-18 sen to RM5.01), GENTING (-30 sen to RM8.43), HLBANK (-38 sen to RM13.88), UMW (-26 sen to RM10.62) and MAYBANK (-20 sen to RM8.80). Market breadth was negative with 180 gainers as compared to 639 losers.
The KLCI extended yesterday’s loss by ending 20.04 points lower at 1716.58, tracking the overnight losses in Wall Street. Our benchmark index was weighed down by continuous selling in banking stocks and Petronas Chemical. Investors' risk appetite was further dampened by external headwinds as oil prices declined to its lowest level since April 2009, disappointing economic data in Germany, and the political uncertainty in Greece.
Date As of: 06 January 2015
Description Volume Value Frequency
ETF 17,900 11,240,800 175
Stock 5,879,684,247 4,768,013,125,034 266,251
Right 420,400 420,400 09
Warrant 42,105,900 1,861,938,700 1,164
Total 5,922,228,447 4,769,886,724,934 267,599
Thailand Futures Exchange's 2014 trading volume soars 116 pct and continues to focus on liquidity and expand investor base in 2015
BANGKOK, January 6, 2015 - Thailand Futures Exchange PCL (TFEX), under the Stock Exchange of Thailand (SET) group, announced that in 2014 the total trading volume reached 36.02 million contracts, or 147,025 contracts per day, a big jump of 116 percent from a year earlier. The explosive growth came mostly from the increase in popularity of stock futures and the adjustment made to reduce the contract size of SET50 futures. Meanwhile in 2015, TFEX has planned to boost liquidity, develop tools to support investors to make an inform decision and expand investor base both domestically and internationally.
TFEX Managing Director Rinjai Chakornpipat said, "TFEX's trading volume and the number of investors increase from the previous year. For the trading volume in year 2014, 54 percent were from stock futures, 40 percent from SET50 futures and 4 percent from gold futures. On December 15, TFEX trading volume hit an all-time high of 864,479 contracts while open interest increase 169 percent to 918,187 contracts at the end of 2014. For investor breakdown, retail investors accounted for 55 percent, institutional investors 36 percent, while foreign investors represented 9 percent. Meanwhile, internet trading accounted for 43 percent of the total trading volume. At end of 2014, the total trading account of TFEX reached 100,650 accounts, up 12,957 accounts or 15 percent from the previous year."
"Given today's volatile market, investors are turning to stock futures as a tool to manage risk and seek better returns. It was TFEX's most actively traded product with daily average trading volume of 80,100 contracts, up 133 percent from a year earlier. SET50 futures rose 153 percent to 58,790 contracts per day due to the fact that the reduced contract size better accommodate investors trading style. On top of this, TFEX has improved its services by implementing new trading and clearing systems, as well as extending afternoon trading hour.
TFEX has also added other services such as physical exchange services for USD futures and gold futures."
"In 2015, TFEX plans to collaborate with its members to enhance liquidity of existing products, especially SET50 options and stock futures, by developing tools to support investors' decision-making, as well as, increasing number of market makers. TFEX will continue to increase the number of investor both in Thailand and overseas via various marketing activities and media channels throughout the year such as social media, seminars, training, knowledge-sharing activities, simulation trading competition and many others." Rinjai added.
As of 6 January 2015 Unit: M.Baht
Type Buy Sell Net
Institution 5,060.74 6,459.08 -1,398.34
Proprietary 4,652.39 4,073.84 578.55
Foreign 9,542.26 13,507.45 -3,965.19
Individual 28,491.33 23,706.35 4,784.98
Total Trading Value 47,746.72 M.Baht
Vietnam index at 3-wk high, Vietcombank jumps
Vietnam's benchmark VN Index climbed 0.96 percent on Tuesday to end at the highest in more than three weeks, led by Vietcombank
VCB shares ended up 6.58 percent at the highest close since October 2009 as domestic investors expected funds to boost buying in Vietnam's top listed bank by value and after state media reported positive results, analysts and traders said.
Bad debt in the Hanoi-based lender was estimated at 2.3 percent of loans at the end of 2014, down from more than 3 percent in June 2014, the Vietnam Economic Times newspaper said in an online report, citing the bank's statements.
Vietcombank's net profit and credit growth last year were likely to beat targets, the report said.
Market talks on Vietcombank's buying out an unlisted smaller lender have also caught investors' eyes, having been boosting VCB volume in the past few weeks.
Most other big-caps advanced, led by the all-gain banking sector, while energy shares extended losses amid falling global oil prices on oversupply.
The VN Index ended at 549.66 points, the highest since Dec. 12, 2014.
Here is a snapshot of the VN Index at the close
VN Index 549.66
PREV. CLOSE 544.45
% CHANGE 0.96%
SE Asia Stocks - Most weak; Thai index trims loss after PTT rebounds
Thailand's main index posted a modest loss on Tuesday, helped by late bargain-hunting in PTT
The Thai SET index finished down 0.4 percent at 1,477.58, coming off a three-week low hit in the early hours of trading.
PTT jumped 2.5 percent, closing at the day's high of 323 baht. It earlier fell to a near three-week low as softening global oil prices dented the earnings outlook of the country's biggest energy firm.
Brokers said the rebound also came after an energy ministry official told reporters that an energy policy board meeting on Wednesday would review the structure of ex-factory LPG prices to better reflect higher costs and would benefit PTT.
Selling in energy shares sent most markets lower, with stocks in Singapore and Malaysia both hitting their lowest close since Dec. 19, while Indonesia finished at a near two-week closing low.
The Malaysian bourse reported net foreign outflows worth 225 million ringgit ($63.3 million), while the Thai stock exchange posted a net 3.97 billion baht ($120.6 million) in foreign outflows.
SOUTHEAST ASIAN STOCK MARKETS
Market Current Prev Close Pct Move
Singapore 3281.95 3328.28 -1.39
Kuala Lumpur 1716.58 1736.62 -1.15
Bangkok 1477.58 1483.25 -0.38
Jakarta 5169.06 5219.99 -0.98
Manila 7277.74 7276.63 +0.02
Ho Chi Minh 549.66 544.35 +0.96