ASEAN KEY DESTINATIONS
10 July 2014
The Straits Times Index (STI) ended -5.96 points lower or -0.18% to 3269.5, taking the year-to-date performance to +3.31%.
The FTSE ST Mid Cap Index gained +0.28% while the FTSE ST Small Cap Index gained +0.01%. The top active stocks were UOB (unchanged), Ezion (-1.25%), SingTel (-0.52%), Jardine Matheson Holdings (-0.20%) and DBS (-0.24%).
The outperforming sectors today were represented by the FTSE ST Real Estate Investment Trusts Index (+0.52%). The two biggest stocks of the FTSE ST Real Estate Investment Trusts Index are CapitaMall Trust (+0.78%) and Ascendas REIT (+1.31%). The underperforming sector was the FTSE ST Basic Materials Index, which declined -0.98% with Midas Holdings’ share price remaining unchanged and Geo Energy Resources’ share price declining -1.72%. The FTSE ST Consumer Services Index declined -0.19%. The FTSE ST Real Estate Index gained +0.39%. The FTSE ST Utilities Index declined -0.42%.
The three most active Exchange Traded Funds (ETFs) by value today were the IS MSCI India (+1.64%), Lyxor Asia (-0.19%), Lyxor ETF Asia Ex (-1.21%).
The three most active Real Estate Investment Trusts (REITs) by value were CapitaMall Trust (+0.78%), Suntec REIT (unchanged), Ascendas REIT (+1.31%).
The most active index warrants by value today were HSI23200MBeCW140828 (+4.12%), HSI23000MBePW140828 (unchanged), HSI23600MBePW140828 (-6.00%).
The most active stock warrants by value today were KepCorp MBeCW141201 (unchanged), DBS MB eCW141201 (+2.82%), DBS MB eCW140901 (+1.56%).
Singapore Stock Market
*ST Index 3,269.5 -5.96 3,275.46 -7.88
Volume: 1,594.6M 2,596.2M
Value: $992.3M $1,065.6M
Gainers/Losers: 209/217 186/235
Daily Market Commentary (Securities)
10 Jul 2014
The FBM KLCI index gained 1.46 points or 0.08% on Thursday. The Finance Index increased 0.34% to 17489.85 points, the Properties Index up 0.90% to 1467.46 points and the Plantation Index rose 0.15% to 9227.84 points. The market traded within a range of 3.66 points between an intra-day high of 1893.19 and a low of 1889.53 during the session.
Actively traded stocks include IRETEX-LA, KNM-WA, KNM, INSAS, INARI-CA, OSK, CSL, HOVID-WB, MAS and HOVID. Trading volume decreased to 1622.00 mil shares worth RM1982.00 mil as compared to Wednesday’s 1783.00 mil shares worth RM1985.00 mil.
Leading Movers were HLFG (+42 sen to RM16.80), IHH (+9 sen to RM4.70), ASTRO (+6 sen to RM3.40), FGV (+5 sen to RM4.21) and HLBANK (+12 sen to RM14.12). Lagging Movers were PETDAG (-54 sen to RM22.60), YTL (-3 sen to RM1.61), KLCC (-11 sen to RM6.40), GENM (-4 sen to RM4.17) and TM (-6 sen to RM6.36). Market breadth was positive with 440 gainers as compared to 354 losers.
The KLCI swung between gains and losses before ending marginally higher at 1892.62 points. Trading sentiments was positive after the higher closing in US market on the back of the better economy and labor market outlook but the interest rate hike decision by Bank Negara Malaysia still kept investors on the sideline.
Date As of: 10 July 2014
Description Volume Value Frequency
ETF 203,500 162,079,400 205
Stock 9,302,778,962 15,717,267,593,183 373,249
Right 25,382,500 78,405,500 178
Warrant 40,824,514 2,610,235,314 1,584
Total 9,369,189,476 15,720,118,313,397 375,216
As of 10 July 2014 Unit: M.Baht
Type Buy Sell Net
Institution 5,369.61 5,213.52 156.10
Proprietary 3,498.87 3,757.63 -258.76
Foreign 10,853.72 7,161.84 3,691.88
Individual 25,551.60 29,140.81 -3,589.22
Total Trading Value 45,273.80 M.Baht
Vietnam index falls 1.1 pct, volume above 3-mth high
Vietnam's benchmark VN Index dropped 1.14 percent on Thursday, as strong selling in most shares boosted volume to the highest in more than three months.
Most blue chips lost ground, led by PetroVietNam Gas , Vietnam's largest listed firm, that ended down 0.9 percent at 110,000 dong ($5.20) each, the lowest in one week.
Property firm Vingroup also fell 2.11 percent, and insurer Baoviet Holdings lost 3 percent.
Strong selling boosted liquidity, with volume on Thursday totalling 152.8 million shares, the highest since April 1, Reuters data showed.
While the index ticked up in the past sessions, buying demand has weakened as stocks became more expensive, said manager Nguyen The Minh at Viet Capital Securities.
"With strong selling near the break at the midday, many investors offloaded shares in fear in the afternoon session, but solid bargain hunting around the 580-585 points is a positive sign to the market," Minh said.
Here is a snapshot of the VN Index at the close
VN Index 584.88
PREV. CLOSE 591.6
% CHANGE -1.14%
SE Asia Stocks - Indonesia hits 13-month peak; vote outcome watched
Indonesia's benchmark hit an over 13-month closing high on Thursday as foreign inflows sent large-caps soaring, but caution remained over the outcome of Wednesday's presidential election.
Jakarta's composite index ended up 1.5 percent, erasing some of its earlier 2.8 percent intra-day gain, as both Jakarta Governor Joko "Jokowi" Widodo and ex-general Prabowo Subianto declared themselves the election winner.
Despite the uncertainty, investors appeared to be preparing for the probability of a win for Widodo, who is perceived to be more market-friendly.
"We do not wait until the official outcome is out to confirm the Jokowi victory as normally margin of error from quick count results are 0.5-1 percent," broker Ciptadana Securities said in a report.
The market saw net foreign inflows worth 4.2 trillion rupiah ($363 million), the biggest daily inflow in almost four months, while the rupiah hit a seven-week high.
Foreign investors bought large-caps such as Bank Mandiri and Semen Indonesia while shares linked to Prabowo, such as coal miner Bumi Resources and media arm Visi Media Asia fell.
Other Southeast Asian markets mostly rose after the Federal Reserve indicated it was in no rush to begin raising interest rates.
The Thai SET index extended its gain for an eleventh day to its highest close in thirteen months. Banking shares such as Siam Commercial Bank were among those actively traded ahead of April-June earnings results due from next week.
The benchmark ended the week up 1.5 percent, notching up a fourth week of gains.
HSBC raised Thailand to 'overweight' from 'underweight', saying that political risk has subsided as the military-led government restores confidence, including spending powers and setting up an economic committee to prioritise development.
"We think consensus has been too pessimistic in cutting corporate earnings," HSBC Global Research said in its equity strategy third quarter 2014 report.
The Thai stock market will be closed on Friday for a public holiday and will resume on Monday.
SOUTHEAST ASIAN STOCK MARKETS
Market Current Prev Close Pct Move
TR SE Asia Index* 439.69 437.74 +0.45
Singapore 3269.50 3275.46 -0.18
Kuala Lumpur 1892.62 1891.16 +0.08
Bangkok 1518.01 1507.92 +0.67
Jakarta 5098.01 5024.71 +1.46
Manila 6937.21 6903.79 +0.48
Ho Chi Minh 584.88 591.60 -1.14