ASEAN KEY DESTINATIONS
08 January 2014
The Straits Times Index (STI) ended +29.77 points higher or +0.95% to 3150.65, taking the year-to-date performance to -0.45%.
The FTSE ST Mid Cap Index gained +0.86% while the FTSE ST Small Cap Index gained +0.09%. The top active stocks were DBS (+1.94%), OCBC (+0.10%), Charisma Energy (-2.35%), SingTel (+0.28%) and Yangzijiang (+3.42%).
The outperforming sectors today were represented by the FTSE ST Real Estate Holding and Development Index (+1.20%). The two biggest stocks of the FTSE ST Real Estate Holding and Development Index are Hongkong Land Holdings (+2.01%) and Capitaland (+0.68%). The underperforming sector was the FTSE ST Utilities Index, which declined -1.32% with United Envirotech’s share price declining -0.52% and Hyflux’s share price remaining unchanged.The FTSE ST Basic Materials Index declined -1.12% and the FTSE ST Financials Index gained +1.04%.
The three most active Exchange Traded Funds (ETFs) by value today were the IS MSCI India (+0.34%), SPDR Gold Shares (-1.15%), DBXT CSI300 ETF (+0.43%).
The three most active Real Estate Investment Trusts (REITs) by value were CapitaMall Trust (-0.27%), Suntec REIT (+0.97%), CapitaCommercial Trust (+2.45%).
The most active index warrants by value today were HSI22800MBeCW140227 (+22.02%), HSI23200MBePW140227 (-17.82%), HSI22400MBePW140227 (-14.74%).
The most active stock warrants by value today were DBS MB eCW140502 (+14.19%), UOB BP eCW140702 (+4.44%), DBS MB eCW140603 (+3.92%).
*Please note that the Basic Materials and Financials sectors will be the focus of SGX My Gateway Educational events in 1Q14.
Singapore Exchange has introduced My Gateway to meet increasing investor interest for more investment knowledge and education. My Gateway provides one-stop access to market updates, video clips on investment products, information on seminars and courses as well as other resources. Click here for My Gateway.
Singapore Stock Market
*ST Index 3,150.65 +29.77 3,120.88 -2.94
Volume: 3,747M 3,874.7M
Value: $1,136M $1,171M
Gainers/Losers: 209/234 232/193
Daily Market Commentary (Securities)
8 Jan 2014
The FBM KLCI index gained 6.19 points or 0.34% on Wednesday. The Finance Index fell 0.53% to 16721.02 points, the Properties Index up 0.74% to 1315.44 points and the Plantation Index rose 0.30% to 8714.63 points. The market traded within a range of 12.49 points between an intra-day high of 1838.39 and a low of 1825.90 during the session.
Actively traded stocks include IRIS, BARAKAH, CAP-WA, SMARTAG, KNM, MINETEC, AT-OR, MAS, XDL-WA and SUMATEC. Trading volume decreased to 1671.36 mil shares worth RM1924.80 mil as compared to Tuesday’s 1742.95 mil shares worth RM1883.03 mil.
Leading Movers were BAT (+80 sen to RM62.92), TENAGA (+68 sen to RM11.80), PETGAS (+28 sen to RM23.28), PPB (+20 sen to RM15.46) and GENTING (+12 sen to RM10.12). Lagging Movers were MAYBANK (-15 sen to RM9.81), AMMB (-10 sen to RM7.18), PETCHEM (-9 sen to RM6.58), PETDAG (-8 sen to RM30.66) and TM (-4 sen to RM5.44). Market breadth was positive with 488 gainers as compared to 338 losers.
The KLCI snapped its losing streak and rose for the first time in six days. The KLCI ended higher at 1831.3 points at the bell closing time, in line with the gains in Asian markets and U.S. market. Our local bourse was supported by the strong gains made by Tenaga and UEM Sunrise that climbed 6.12% and 3.04% respectively.
Indonesia's foreign exchange reserves rose to $99.4 billion at end-December, Bank Indonesia said on Wednesday, despite central bank interventions to calm the sharply falling rupiah.
Reserves in November were $96.96 billion and are likely to rise again in January with the proceeeds from a $4 billion global bond issuance on Tuesday.
The central bank spent a total of $13.4 billion in 2013 to help shore up the ailing rupiah, Asia's worst-performing currency in the year and down more than 20 percent against the dollar on rising concerns over the country's vulnerability to sudden capital outflows and a large current-account deficit.
Date As of: 08 January 2014
Description Volume Value Frequency
ETF 7,300 4,227,500 65
Stock 3,115,042,284 3,701,860,859,827 141,676
Right 4,136,830 4,211,530 63
Warrant 9,050,900 936,737,800 397
Total 3,128,237,314 3,702,806,036,657 142,201
As of 8 January 2014 Unit: M.Baht
Type Buy Sell Net
Institution 3,786.96 4,477.03 -690.07
Proprietary 4,162.88 5,404.55 -1,241.67
Foreign 15,281.09 11,405.38 3,875.72
Individual 13,056.49 15,000.47 -1,943.97
Total Trading Value 36,287.42 M.Baht
Vietnam's benchmark VN Index climbed 0.74 percent to close at its nearly 7-month high, led by strong rises by shares of the energy sector and securities firms on investors' positive sentiment, analysts said.
PetroVietnam Drilling and Well Services Co jumped 6.56 percent to its highest close since October 2009, Vietnam's biggest company by capitalisation, rose 0.75 percent.
State oil and gas group PetroVietnam, their parent firm, posted a net profit before tax of 62.8 trillion dong ($2.98 billion) last year, beating its annual target by 27.5 percent, the group announced on Tuesday.
Sai Gon Securities Incorp (SSI) surged 5.56 percent, while Ho Chi Minh City Securities Corp (HSC) advanced 2.38 percent, after the exchange said they were the top brokerage firms in terms of market share in 2013.
The VN Index ended at 513.9 points on Wednesday, the highest since June 13, 2013, according to Reuters data.
Investors have been expecting good corporate results in 2013 of large-cap firms, analysts said.
Here is a snapshot of the VN Index at the close
VN Index 513.9
PREV. CLOSE 510.12
% CHANGE 0.74%
Most Southeast Asian stock markets rose on Wednesday, with Singapore and Indonesia recovering from three sessions of falls while Malaysia marked
its first gain in six sessions, as strong U.S. trade data bolstered sentiment across Asia.
Thai shares bucked the trend as investors booked quick profits in shares such as Airports of Thailand amid domestic political tensions. The SET index was down 0.4 percent at 1,257.73 after a rally in the previous session.
"The big picture is still the political protests and the election uncertainty which could keep the market moving in a narrow range in the near term," said Teerawut Kanniphakkul, strategist at CIMB Securities.
Singapore's Straits Times Index climbed 1 percent after a 1.7 percent drop in the past three sessions, while Malaysia's benchmark ended up 0.3 percent, trimming some of the 2.6 percent drop over the past five trading days.
Bargain hunting emerged in laggard large caps such as Singapore's United Overseas Bank, Malaysia's Tenaga Nasional and Philippine Universal Robina Corp, which were among the top regional performers.
Local buyers dominated most bourses while foreign investors led sellers. Stock exchanges and Thomson Reuters data showed net foreign selling of about $5 million each in Malaysia and the Philippines, with almost $9 million in Indonesia.
In Jakarta, mining shares rose 1.7 percent, outperforming the broader benchmark which was up 0.6 percent, after the government sought to ease a looming mineral export ban.
Vietnam rose for a fourth session, closing up 0.74 percent at a near 7-month high, led by strong rises in shares of the energy sector and securities firms on positive investor sentiment.
SOUTHEAST ASIAN STOCK MARKETS
Market Current Prev Close Pct Move
TR SE Asia Index* 381.71 379.63 +0.55
Singapore 3150.65 3120.88 +0.95
Kuala Lumpur 1831.30 1825.11 +0.34
Bangkok 1257.73 1262.36 -0.37
Jakarta 4200.59 4175.81 +0.59
Manila 5986.48 5947.44 +0.66
Ho Chi Minh 513.90 510.12 +0.74