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ASEAN STOCK WATCH Asean Affairs  9 January 2014 


09 January 2014

The Straits Times Index (STI) ended -5.24 points lower or -0.17% to 3145.41, taking the year-to-date performance to -0.62%.

The FTSE ST Mid Cap Index declined -0.30% while the FTSE ST Small Cap Index declined -0.21%. The top active stocks were OCBC (-0.21%), DBS (-0.17%), SingTel (+0.28%), UOB (+0.24%) and GoldenAgri (-2.75%).

The outperforming sectors today were represented by the FTSE ST Technology Index (+1.16%). The two biggest stocks of the FTSE ST Technology Index are Silverlake (+4.52%) and STATS ChipPAC (unchanged). The underperforming sector was the FTSE ST Oil & Gas Index, which declined -1.18% with Keppel Corp’s share price declining -1.43% and Sembcorp Marine’s share price declining -0.46%.The FTSE ST Basic Materials Index declined -0.38% and the FTSE ST Financials Index declined -0.05%.

The three most active Exchange Traded Funds (ETFs) by value today were the IS MSCI India (-0.34%), SPDR Gold Shares (+0.09%), SPDR Straits Times Index ETF (unchanged).

The three most active Real Estate Investment Trusts (REITs) by value were CapitaMall Trust (-1.06%), Suntec REIT (-0.32%), Ascendas REIT (-0.46%).

The most active index warrants by value today were HSI23200MBePW140227 (+9.79%), HSI23200MBeCW140129 (-20.64%), HSI23600MBeCW140227 (-15.79%).

The most active stock warrants by value today were UOB MB eCW140303 (-1.61%), DBS MB eCW140502 (-1.78%), DBS MB eCW140603 (unchanged).

Singapore Stock Market
                                Thursday            Wednesday
*ST Index          3,145.41  -5.24     3,150.65  +29.77
Volume:                   2,684.2M             3,747M
Value:                    $1,014.1M           $1,136M
Gainers/Losers:           160/256           209/234


Daily Market Commentary (Securities)
9 Jan 2014

The FBM KLCI index lost 3.09 points or 0.17% on Thursday. The Finance Index increased 0.21% to 16756.97 points, the Properties Index dropped 0.15% to 1313.5 points and the Plantation Index down 1.16% to 8613.76 points. The market traded within a range of 6.57 points between an intra-day high of 1833.10 and a low of 1826.53 during the session.

Actively traded stocks include IRIS, ASIAPAC, CSL, BIOOSMO, SUMATEC, INGENCO, IRIS-WB, BARAKAH, ASUPREM and SUMATEC-WB. Trading volume increased to 1848.14 mil shares worth RM1946.34 mil as compared to Wednesday’s 1671.36 mil shares worth RM1924.80 mil.

Leading Movers were BAT (+28 sen to RM63.20), PETCHEM (+12 sen to RM6.70), AMMB (+10 sen to RM7.28), PPB (+8 sen to RM15.54) and PBBANK (+4 sen to RM19.18). Lagging Movers were PETDAG (-24 sen to RM30.42), UMW (-18 sen to RM11.90), IOICORP (-14 sen to RM4.21), HLFG (-14 sen to RM15.26) and KLK (-10 sen to RM23.90). Market breadth was negative with 392 gainers as compared to 427 losers.


Indonesia's central bank kept its benchmark policy rate  unchanged at 7.50 percent on Thursday, as expected, as growth slows and price pressures moderate.

The central bank also maintained the deposit facility rate, or FASBI, and lending facility rate at 5.75 percent and 7.50 percent, respectively.

"The policy is consistent with inflation towards 3.5 to 5.5 percent in 2014," said Bank Indonesia Governor Agus Martowardojo.

Most analysts in a Reuters poll had expected Bank Indonesia to keep its key reference rate on hold, on slowing growth and as inflation stays well below official targets.

The central bank has lifted rates a total of 175 basis points since June to support the rupiah, which fell more than 20 percent in 2013 as portfolio funds dumped Indonesian assets.

The rupiah  traded at 12,185 to the dollar, after the announcement, while Indonesia's main index  was up 0.01 percent.

Southeast Asia's largest economy has kept monetary policy tight to manage inflationary pressures and a wide current-account deficit.

Annual inflation was 8.38 percent last year compared with 4.29 percent in 2012, mainly due to fuel subsidy cuts.

Trade Summary
Date As of:     Wednesday, January 08, 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


Thai alternative bourse continues recording all-time highs in 2013

BANGKOK, January 9, 2014 – The Market for Alternative Investment (mai), under The Stock Exchange of Thailand (SET) group, successfully operated as an alternative fundraising source for Thai small- and medium-enterprises in 2013, with 60 companies raising nearly THB20 billion (approx. USD606 million) on mai in 2013, while hitting new record highs in terms of number of initial public offerings (IPOs) and financial instruments usage, boosting its market capitalization to an all-time high.

Chanitr Charnchainarong, mai president, said the THB20 billion raised through mai in 2013 was from 15 IPOs worth THB 8.02 billion, while 45 existing companies raised THB 11.89 billion, reflecting mai’s major role as a fundraising source to enhance business opportunities for business owners. In addition, listed companies also utilized the capital market in other way with 36 firms using 51 financial instruments, such as issuing dividend stocks and warrants and share offering programs to employees.

Other notable successes in 2013 were: 1) the launch of 15 IPOs, the highest number of IPOs ever; 2) an all-time high in market capitalization, reaching THB 177.37 billion, up 33 percent from a year earlier, with IPOs accounting for 28 percent of mai’s market value; 3) a record high in average daily trading value of THB 2.26 billion; and 4) average daily transactions of 36,676 items.                  

The year 2014 will mark mai’s 15th anniversary. The exchange continuously persuades companies with high potential to list on its exchange, with 10 firms awaiting Securities and Exchange Commission approval in the pipeline. The exchange also promotes the sustainable growth of listed companies by continuously boosting their quality and development through fundraising and using a variety of financial instruments. In addition, mai disseminates information on its listed securities, which are classified into eight industry groups and posted on mai website, while mai indices for individual industry groups will start in 2015.

Trading Summary

As of  9 January 2014         Unit: M.Baht
Type                     Buy                    Sell              Net        
Institution           3,822.65        3,514.81           307.84     
Proprietary        5,537.50        4,550.00            987.50     
Foreign            12,265.87      12,896.87          -631.01     
Individual         11,778.72      12,443.05          -664.33     
Total Trading Value     33,404.74 M.Baht     


Vietnam's benchmark VN Index  climbed 0.6 percent to end at a seven-month high on Thursday, boosted by positive sentiment over corporate earnings and analysts expected the rise to extend.

The index ended at 516.98 points, the highest since June 12, 2013, according to Reuters data.
PetroVietNam Gas , the country's biggest listed firm, led the gain, with shares rising 0.74 percent, followed by real estate firm Vingroup   that advanced 0.71 percent. Sai Gon Securities Incorp  ended up 2.63 percent.

The positive sentiment could help keep the index rising in the next few weeks prior to Tet, Vietnam's biggest festival to  mark the Lunar New Year that begins in Jan. 31, analysts said.
Volume rose to 91.5 million shares on Thursday, almost double the five-day average level of 53.8 million, Reuters data showed.
The index could rise beyond the 530 point resistance level, breaking its highest close of 527.97 points in 2013, said analyst Nguyen Hoai Nam at Maybank Kim Eng Securities.

 Here is a snapshot of the VN Index  at the close
                 VN Index       516.98             
              PREV. CLOSE        513.9             
                 % CHANGE        0.60%             
                     HIGH       516.98             
                      LOW       513.52   


Major Southeast Asian stock markets ended flat to weaker on Thursday, with Philippine shares closing at their lowest in nearly two weeks, while Indonesia pared earlier gains but banking shares rose ahead of the central bank's rate decision.

Thai stocks  finished up 0.04 percent after climbing as much as 1.6 percent at one point. Investors cut risk exposure due to the domestic political uncertainty and ahead of large-scale anti-government protests on Jan. 13.  

Foreign investors sold a net 631 million baht ($19 million) after net purchases of almost 4 billion baht in the previous session.

The exchange saw late profit-taking in large caps such as conglomerate Siam Cement  and telecoms group Shin Corp , which ended up 0.7 percent after a nearly 4 percent rally earlier.

Jakarta's composite index  ended nearly flat, rising 0.01 percent amid selling in recent gainers such as mining shares, while banking stocks  rose ahead of a rate decision by the central bank.
Indonesia's central bank kept its benchmark policy rate  unchanged at 7.5 percent as expected. The announcement came after market close. 
The Philippine main index  fell 0.8 percent to 5,937.51, the lowest close since Dec. 27, weighed down by selling in large caps such as shares of Metropolitan Bank & Trust .
Stocks in Singapore  and Malaysia  both edged down 0.2 percent, in line with weakness in Asia, with MSCI's broadest index of Asia-Pacific shares outside Japan down 0.6 percent.

The region posted a mixed bag of fund flows, with Malaysia noting net foreign selling of $64.47 million. Indonesia and the Philippines reported net foreign buying of $10.7 million and $2.6 million, respectively, data from the stock exchanges and Thomson Reuters showed.
 Market                           Current      Prev Close    Pct Move
 TR SE Asia Index*         381.27         381.71             -0.12
 Singapore                      3145.41       3150.65            -0.17
 Kuala Lumpur                1828.21       1831.30            -0.17
 Bangkok                        1258.26        1257.73           +0.04
 Jakarta                           4201.22        4200.59           +0.01
 Manila                            5937.51        5986.48           -0.82
 Ho Chi Minh                    516.98          513.90           +0.60

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ASEAN NEWS UPDATES      Updated: 04 January 2011

 • Women Shariah scholars see gender gap closing
• Bank Indonesia may hold key rate as inflation hits 7 percent
• Bursa Malaysia to revamp business rules
• Private property prices hit new high in Singapore • Bangkok moves on mass transport
• Thai retailers are upbeat
• Rice exports likely to decline • Vietnamese PM projects 10-year socioeconomic plan


This year in Thailand-what next?

AseanAffairs   04 January 2011
By David Swartzentruber      

It is commonplace in journalism to write two types of articles at the transition point between the year that has passed and the New Year. As this writer qualifies as an “old hand” in observing Thailand with a track record dating back 14 years, it is time take a shot at what may unfold in Thailand in 2011.

The first issue that can’t be answered is the health of Thailand’s beloved King Bhumibol, who is now 83 years old. He is the world's longest reigning monarch, but elaborate birthday celebrations in December failed to mask concern over his health. More






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