ASEAN KEY DESTINATIONS
12 July 2013
The Straits Times Index (STI) ended -12.86 points lower or -0.40% lower to 3,236.06, taking the year-to-date performance to +2.18%.
The FTSE ST Mid Cap Index declined -0.04% while the FTSE ST Small Cap Index gained +0.01%.
The top active stocks were Mirach Ener (-10.47%), SingTel (-1.53%), Kep Corp (-0.09%), DBS (-0.79%) and UOB (-1.28%).
The outperforming sectors today were represented by the FTSE ST Industrials which gained +0.58%.The two biggest stocks of the Industrials Index are Jardine Matheson Holdings (+0.42%) and Jardine Strategic Holdings (+2.09%). The underperforming sector, FTSE ST Basic Materials, declined -1.59% with Midas Holdings declining -1.09% and Geo Energy declining -3.70%. The FTSE ST Health Care Index declined -0.24%.
The three most active Exchange Traded Funds (ETFs) by value today were SPDR Gold Shares (-0.89%), IS MSCI India 100 (+1.37%) and DBXT CSI300 ETF 10 (-1.78%).
The three most active Real Estate Investment Trusts (REITs) by value were Ascendasreit (-1.75%), CapitaComm (+0.67%) and SuntecReit (+0.31%).
The most active index warrants by value today were HSI21200MBeCW130829 (-14.93%), HSI20800UBePW130829 (+4.08%) and HSI20200MBePW130829 (+9.52%).
The most active stock warrants by value today were DBS MB eCW130910 (-12.20%), KepCorp MBeCW130902 (unchanged) and OCBC Bk MBeCW131101 (-5.00%).
*Please note the Health Care and Industrial sectors will be the focus of SGX My Gateway Educational events in 3Q13.
Singapore Stock Market
*ST Index 3,236.06 -12.86 3,248.92 +60.88
Volume: 2,674.5M 2,051.1M
Value: $1,046.6M $1,532.3M
Gainers/Losers: 200/222 352/106
Daily Market Commentary (Securities)
12 July 2013
The FBM KLCI index gained 4.50 points or 0.30% on Friday. The Finance Index increased 0.2% to 16992.15 points, the Properties Index up 0.6% to 1383.81 points and the Plantation Index rose 1.0% to 8518.78 points. The market traded within a range of 5.24 points between an intra-day high of 1786.98 and a low of 1781.74 during the session.
Actively traded stocks include THHEAVY, THHEAVY-WA, PANTECH, CLIQ-WA, IOICORP, TENAGA, SKPETRO, EASTLND, AXIATA, and PANTECH-WA. Trading volume decreased to 1162 mil shares worth RM1723.3 mil as compared to Thursday’s 1208.50 mil shares worth RM1896.61 mil.
Leading Movers were IOICORP (+15 sen to RM5.60), SKPETRO (+4 sen to RM4.12), CIMB (+4 sen to RM8.32), GENM (+3 sen to RM4.00) and AXIATA (+12 sen to RM6.82). Lagging Movers were TENAGA (-9 sen to RM8.65), MAYBANK (-4 sen to RM10.40), PBBANK (-6 sen to RM16.96), FGV (-1 sen to RM4.53), and MISC (-1 sen to RM5.25). Market breadth was positive with 393 gainers as compared to 325 losers.
The benchmark index eked out moderate gains and settled at 1785.65 points on the last trading day of the week. Market trading was thin, as total shares transacted had barely breached 1.16 billion as investors were staying at sidelines ahead of the weekend. The euphoria of the U.S equity market jumped to record highs had failed to excite our local bourse while Asian markets recorded mixed performances. Meanwhile, investors reacted positively to the proposed share distributions of IOI Properties by IOICorp and driven IOICorp to close 2.75% higher.
Thai bourse and KPMG support Thai business investment in Myanmar
BANGKOK, July 12, 2013 - The Stock Exchange of Thailand (SET) and KPMG hosted a seminar on the legal system and accounting practices in Myanmar for listed
companies, financial advisors, legal advisors and auditors to prepare for business expansion into Myanmar.
Today, SET and KPMG, one of the world's leading audit firms, jointly organized a seminar titled "Interesting Issues Related to Myanmar's Legal and Accounting Practices" to offer information and insights about legal and accounting practices of the CLMV countries (Cambodia, Laos, Myanmar and Vietnam), which is a potential growth market, continuously attracting foreign investors into their manufacturing and marketing sectors. The Thai bourse plans to organize seminars to further promote Thai business expansion into regional countries, which is in line with its strategy to make Thailand the "Gateway to the Greater Mekong Subregion" and the center for connecting investment with regional countries having high growth potential. Today's seminar was well-received by firms, which have been aware of the need to prepare investment plans, as well as professionals who expect to work with companies expanding into Myanmar.
SET Executive Vice President Chanitr Charnchainarong said: "The Thai bourse continues to encourage local businesses to expand into the region, especially Myanmar, which has recently been the most popular trade and investment destination for foreign investors. The government of Myanmar has been developing its financial system and related infrastructure to facilitate the entry of foreign investment and businesses. So far, a number of Thai companies have made headway into Myanmar, while others are preparing themselves. Thai firms have been enjoying considerable advantages over rivals from other countries in terms of familiarity and confidence in Thai products, after consumers in Myanmar have enjoyed various Thai goods for a long time."
"At the same time, SET is ready to be a place for fund-raising to help local companies expand aboard, both for new investment and expansion of existing projects. Regulations were amended in late 2012 to allow Thai businesses to utilize the Thai capital market to raise funds for expansion abroad. Amending SET rules to allow listing of holding companies with foreign-based core firms supports regional business growth."
Yasuhide Fujii, Managing Partner of KPMG Advisory (Myanmar), added: "At the beginning, parts of the process might not be as smooth as they should have, but Myanmar is really developing in many ways towards international standards. The contents discussed in today's seminar will benefit participants, who can use all information in pushing their organizations to grow further. A number of companies from various countries have already set foot in Myanmar and Thai operators should not waste any more time and miss an important business opportunity."
Wirat Sirikajornkij, Partner, Tax Head of Legal services, KPMG Thailand, said: "The government of Myanmar has adjusted laws and procedures to attract investors into the country. Therefore, we all should monitor the situation there closely, because complying with local laws or hiring any advisor with accurate knowledge about Myanmar will definitely make everything much easier."
SET is standing ready to promote and support Thai businesses to expand into regional countries through its "Gateway to GMS" strategy. Furthermore, this year, SET will organize "Thailand Focus 2013 - Connecting to New Investment Frontiers" in order to restate the country's significant role in the Greater Mekong Subregion, especially in the areas of manufacturing and finance.
Type Buy Sell Net
Institution 5,033.93 5,017.40 16.53
Proprietary 6,756.82 6,382.58 374.25
Foreign 11,715.32 9,478.79 2,236.52
Individual 21,508.74 24,136.04 -2,627.30
Total Trading Value 45,014.82 M.Baht
Date As of: 12 July 2013
Description Volume Value Frequency
ETF 16,908 10,191,180 10
Stock 5,740,824,393 6,581,632,986,120 146,951
Right 20,540,127 121,670,395 200
Warrant 348,487,750 13,347,030,750 1,869
Total 6,109,869,178 6,595,111,878,445 149,030
Vietnam's benchmark VN index closed up 2 percent on Friday at 493.99 points, hitting a three-week high as investors bought big-cap shares on optimism about company earnings and a central bank promise to stabilize the dong currency.
Steel maker Hoa Phat Group <HPG.HM> and energy firm PetroVietnam Gas both surged 5 percent. Pha Lai Thermal
Power rose 2.9 percent, followed by top insurer Bao Viet Holdings up 2.7 percent.
Property firms and banks were also winners, with Hoang Anh Gia Lai and Hanoi-based Vingroup up 2.4 percent. Vietinbank rose 1.5 percent and Vietcombank was up 1.1 percent.
Traders said investors were more positive thanks to good earnings results of some firms and the State Bank of Vietnam's assurance on Thursday that it would pump dollars into the foreign exchange market, which helped ease concerns of dong depreciation.
VN Index 493.99
PREV. CLOSE 484.47
% CHANGE 1.97%
Most Southeast Asian stock markets posted modest gains, but came off their day's highs after rallying the day before, as Asia turned cautious ahead of Chinese data on Monday.
Thai SET index closed up 0.5 percent on the day and was up 0.9 percent on the week. Banking shares were up 0.6 percent, adding on Thursday's 6.2 percent surge amid short covering activities after Fed Chairman Ben Bernanke's dovish comments on Wednesday.
Singapore's Straits Times Index fell 0.4 percent, with shares in companies with exposures to Chinese markets such as Wilmar International Ltd among losers. It was still up 2.1 percent on the week, Southeast Asia's best performer.
Among outperformers on Friday, the Philippines jumped 2.6 percent and Vietnam climbed 2 percent, led by gains in blue chip firms such as Philippine Long Distance Telephone Co and PetroVietnam Gas
SOUTHEAST ASIAN STOCK MARKETS
Market Current Prev Close Pct Move
TR SE Asia Index* 430.23 430.17 +0.01
Singapore 3236.06 3248.92 -0.40
Kuala Lumpur 1785.65 1781.15 +0.25
Bangkok 1453.71 1447.04 +0.46
Jakarta 4633.11 4604.22 +0.63
Manila 6574.21 6407.36 +2.60
Ho Chi Minh 493.99 484.47 +1.97
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