ASEAN KEY DESTINATIONS
07 January 2014
The Straits Times Index (STI) ended -2.94 points lower or -0.09% to 3120.88, taking the year-to-date performance to -1.39%.
The FTSE ST Mid Cap Index gained +0.01% while the FTSE ST Small Cap Index gained +0.23%. The top active stocks were OCBC (-1.22%), SingTel (unchanged), DBS (+0.12%), Charisma Energy (+7.60%) and UOB (-0.62%).
The outperforming sectors today were represented by the FTSE ST Basic Materials Index (+1.41%). The two biggest stocks of the FTSE ST Basic Materials Index are Midas Holdings (+1.98%) and Geo Energy Resources (unchanged). The underperforming sector was the FTSE ST Consumer Goods Index, which declined -0.77% with Wilmar International’s share price declining -0.89% and Thai Beverage’s share price declining -0.93%. The FTSE ST Financials Index declined -0.31%.
The three most active Exchange Traded Funds (ETFs) by value today were the IS MSCI India 100 (-0.51%), Diamonds DIA (+3.47%), SPDR Gold Shares (+0.16%).
The three most active Real Estate Investment Trusts (REITs) by value were CapitaMall Trust (unchanged), Ascendas REIT (unchanged), CapitaCommercial Trust (+0.35%).
The most active index warrants by value today were HSI22400MBePW140227 (-4.04%), HSI23200MBePW140227 (+1.16%), HSI23200MBeCW140129 (-9.62%).
The most active stock warrants by value today were DBS MB eCW140502 (+5.71%), UOB MB eCW140303 (-9.91%), KepCorp MBeCW140401 (+2.66%).
Singapore Stock Market
*ST Index 3,120.88 -2.94 3,123.82 -7.65
Volume: 3,874.7M 3,510.4M
Value: $1,171M $798.3M
Gainers/Losers: 232/193 183/235
Daily Market Commentary (Securities)
7 Jan 2014
The FBM KLCI index lost 4.07 points or 0.22% on Tuesday. The Finance Index increased 0.24% to 16810.64 points, the Properties Index dropped 0.01% to 1305.76 points and the Plantation Index down 0.94% to 8688.63 points. The market traded within a range of 9.70 points between an intra-day high of 1832.69 and a low of 1822.99 during the session.
Actively traded stocks include INGENCO, HUBLINE, SUMATEC, XDL-WA, TIGER, IRIS, TMS, KBB-OR, XDL and HUBLINE-WA. Trading volume decreased to 1742.95 mil shares worth RM1883.03 mil as compared to Monday’s 1964.91 mil shares worth RM1840.57 mil.
Leading Movers were PETDAG (+24 sen to RM30.74), HLFG (+16 sen to RM15.40), PBBANK (+12 sen to RM19.10), HLBANK (+10 sen to RM14.30) and TM (+9 sen to RM5.48). Lagging Movers were BAT (-106 sen to RM62.12), PPB (-24 sen to RM15.26), KLK (-24 sen to RM24.00), PETCHEM (-13 sen to RM6.67) and IOICORP (-10 sen to RM4.36). Market breadth was positive with 435 gainers as compared to 382 losers.
The KLCI erased its gains in the midday, extended its losses since the start of the week to close at 1825.11 points. The retreat was in line with the overnight negative performance in US market, as the mixed economic data put investors in a cautious mood ahead of the jobs report at the end of the week. Back to Malaysia, Perak Corp surged 3.7% to RM3.62 and went as high as RM3.75 after parent Perbadanan Kemajuan Negeri Perak (PKNP) offered to privatise the company with the offer price of RM3.90.
Date As of: 07 January 2014
Description Volume Value Frequency
ETF 100 58,300 01
Stock 3,418,604,708 3,354,929,851,171 145,383
Right 287,913 548,691 39
Warrant 20,148,034 1,702,580,000 864
Total 3,439,040,755 3,356,633,038,162 146,287
As of 7 January 2014 Unit: M.Baht
Type Buy Sell Net
Institution 5,285.65 3,443.01 1,842.64
Proprietary 4,410.49 4,113.78 296.71
Foreign 11,084.48 12,176.43 -1,091.94
Individual 13,651.65 14,699.06 -1,047.40
Total Trading Value 34,432.27 M.Baht
Vietnam's benchmark VN Index edged up 0.2 percent to close on Tuesday, with all bank shares gaining on expectations of a lender's debut this month and after the government raised foreign holdings in local banks, analysts said.
A strategic foreign investor can own up to 20 percent of a local bank, from the current 15 percent, without having to ask for government approval, according to a decree going into effect on Feb. 20.
While the ownership ceiling for all foreign investors in a bank is kept unchanged at 30 percent, the government could allow larger foreign ownership in weak banks, the decree said.
Analysts said the decree have little effect on listed banks.
But a possibility that foreign investors could fully own a Vietnamese bank might attract foreign funds, said analyst Tran Minh Hoang at Vietcombank Securities.
The banking sector may have gained on Tuesday because of market talks that BIDV, the second-biggest partly private bank in assets, could make a domestic debut this month, according to analyst Nguyen The Minh at Viet Capital Securities.
Hanoi-based BIDV has yet to announce any debut date.
Vietcombank climbing 2.21 percent and VietinBank , the country's largest partly private bank in assets, advanced 1.85 percent.
Here is a snapshot of the VN Index at the close
VN Index 510.12
PREV. CLOSE 509.1
% CHANGE 0.20%
Thai stocks jumped on Tuesday, outperforming others in Southeast Asia, as higher oil prices bolstered buying in energy stocks and shares of Thai Airways International recovered from five sessions of falls after a positive earnings guidance for 2014.
The Thai index ended up 2.6 percent at 1,262.36, extending gains into a second day and bouncing from the oversold mark for the first time since Dec. 27, with its 14-day Relative Strength Index at 33.8 at Tuesday's close.
The rebound helped the benchmark trim some of its losses since November amid ongoing political tensions while caution remained ahead of a mass shutdown of the capital on Jan. 13 by anti-government protesters calling for a reform of the political system to precede the election.
Shares of energy firm PTT Pcl rallied 6.4 percent, the top gainer on the energy index , while Thai Airways jumped 5.7 percent after acting President Chokchai Panyayong saw the carrier returning to a profit in 2014.
Other regional markets ended mostly lower, with Indonesia and the Philippines easing amid currency weaknesses.
Singapore and Malaysia retreated from early highs in line with weak Asian markets.
Vietnam edged up 0.2 percent, with banking shares rising after the government said a strategic foreign investor will be allowed to own a maximum 20 percent of a Vietnamese bank from late next month, from 15 percent now.
SOUTHEAST ASIAN STOCK MARKETS
Market Current Prev Close Pct Move
TR SE Asia Index* 379.39 379.28 +0.03
Singapore 3120.88 3123.82 -0.09
Kuala Lumpur 1825.11 1829.18 -0.22
Bangkok 1262.36 1230.84 +2.56
Jakarta 4175.81 4202.81 -0.64
Manila 5947.44 5985.81 -0.64
Ho Chi Minh 510.12 509.10 +0.20