ASEAN KEY DESTINATIONS
14 July 2014
The Straits Times Index (STI) ended -2.75 points lower or -0.08% to 3290.98, taking the year-to-date performance to +3.98%.
The FTSE ST Mid Cap Index declined -0.17% while the FTSE ST Small Cap Index gained +0.20%. The top active stocks were DBS (+0.06%), UOB (-0.38%), OCBC Bank (+0.85%), Frasers Hospitality Trust (unchanged) and Golden Agri-Resources (-1.82%).
The outperforming sectors today were represented by the FTSE ST Technology Index (+0.65%). The two biggest stocks of the FTSE ST Technology Index are Silverlake Axis (+0.88%) and STATS ChipPAC (-0.82%). The underperforming sector was the FTSE ST Health Care Index, which declined -0.67% with Raffles Medical Group ’s share price declining -1.04% and Biosensors International Group ’s share price declining -0.53%. The FTSE ST Consumer Services Index gained +0.13%. The FTSE ST Real Estate Index declined -0.03%. The FTSE ST Utilities Index gained +0.04%.
The three most active Exchange Traded Funds (ETFs) by value today were the Lyxor ETF Asia EX (-0.20%), SPDR Gold Shares (-1.21%), DBXT MSCI Indonesia ETF (-0.20%).
The three most active Real Estate Investment Trusts (REITs) by value were CapitaMall Trust (+0.51%), SPH REIT (+2.43%), CapitaCommercial Trust (unchanged).
The most active index warrants by value today were HSI23200MBeCW140828 (+3.96%), HSI23000MBePW140828 (-12.36%), HSI23800MBeCW140828 (+6.56%).
The most active stock warrants by value today were KepCorp MBeCW141201 (+2.48%), UOB MB eCW140901 (-6.08%), UOB MB eCW150102 (-4.64%).
Singapore Stock Market
*ST Index 3,290.98 -2.75 3,293.73 +24.23
Volume: 1,157.7M 1,241.3M
Value: $778.2M $874.7M
Gainers/Losers: 207/208 203/214
Daily Market Commentary (Securities)
14 Jul 2014
The FBM KLCI index gained 1.72 points or 0.09% on Monday. The Finance Index increased 0.17% to 17499.4 points, the Properties Index up 0.39% to 1469.77 points and the Plantation Index down 0.80% to 9088.44 points.
The market traded within a range of 4.65 points between an intra-day high of 1886.87 and a low of 1882.22 during the session. Actively traded stocks include SUMATEC, SUMATEC-WB, FRONTKN, IRETEX-LA, SUMATEC-WA, DNEX, KNM-WA, FRONTKN-WA, JAKS and IFCAM SC-WA. Trading volume increased to 2223.20 mil shares worth RM1976.52 mil as compared to Friday’s 2014.86 mil shares worth RM2425.88 mil.
Leading Movers were BAT (+154 sen to RM68.04), ASTRO (+6 sen to RM3.33), HLFG (+28 sen to RM16.88), GENM (+7 sen to RM4.24) and TM (+6 sen to RM6.34). Lagging Movers were KLCC (-10 sen to RM6.37), PETDAG (-28 sen to RM20.98), YTL (-2 sen to RM1.56), KLK (-20 sen to RM24.00) and RHBCAP (-6 sen to RM9.12). Market breadth was negative with 372 gainers as compared to 453 losers.
The KLCI closed marginally higher at 1884.87 (+1.72) points today. The flattish performance of our local bourse can be attributed to continued profit taking throughout the day, on the eve of the Nuzul Al-Quran holiday. Investor sentiment remained cautious even as the Euro Zone banking concern eases, ahead of US corporate earnings and on-going tensions in the Middle East.
Jakarta Stock Exchange
Top Gainer Price % Change
GPRA Perdana Gapurapri... 226 +9.18%
INCI Intanwijaya Inter... 248 +6.44%
RIGS Rig Tenders Indon... 170 +6.25%
KAEF Kimia Farma Tbk. 1,130 +3.67%
PRAS Prima Alloy Steel... 209 +3.47%
PANS Panin Sekuritas T... 5,300 +3.41%
PICO Pelangi Indah Can... 183 +3.39%
Thai bourse launches code of conduct handbook for IR professionals
BANGKOK, July 14, 2014 - The Stock Exchange of Thailand (SET) has launched the code of conduct handbook for investor relations (IR) professionals, enabling them to handle all investors equally while preventing company's insight leakage.
This is another SET's effort to build quality-focused capital market culture by promoting IR excellence and boosting Thai listed companies' quality continuously.
SET Executive Vice President Bordin Unakul said, "It's a positive sign that Thai listed firms have increasingly placed importance on IR, reflecting from a
rising number of Thai firms applying for the 2014 Best IR Awards, as part of the annual SET Awards, amounting to 177 companies, or up 20 percent from last year.
This reflects the firms' realization of IR's vital role in enhancing transparency and fairness for the Thai capital market, paving the way to sustainable growth."
SET is committed to developing and enhancing IR among Thai listed companies as IR is an integral part of good corporate governance practice. Thus, IR's code of conduct handbook will be released for listed companies' IR, a communication center for investors and analysts, enabling IR team to transmit company's information accurately and fairly for all stakeholders, as well as preventing company's inside information and insight leakage.
The IR code of conduct handbook, to be distributed to all Thai listed companies in July, are co-produced by SET, Thai Investor Relations Club, the Securities and Exchange Commission, Association of Thai Securities Companies, Investment Analysts Association, Association of Investment Management Companies, Thai Investors Association, Thai Listed Companies Association, MAI Listed Companies Association.
To continuously elevate IR professional practice, SET has organized activities through several channels, such as networking with companies' top executives to promote understanding on the importance of IR, organizing IR professional training programs, Best IR Awards to honor companies with excellent IR as role models in the industry, as well as SET's IR Advisory program, which to-date has attracted 62 listed companies.
As of 14 July 2014 Unit: M.Baht
Type Buy Sell Net
Institution 3,719.68 3,531.41 188.27
Proprietary 3,572.21 3,037.82 534.38
Foreign 11,528.02 11,116.60 411.43
Individual 22,473.45 23,607.53 -1,134.08
Total Trading Value 41,293.36 M.Baht
Vietnam index ends up 0.6 pct; rubber firms outperform
Vietnam's benchmark VN Index bounced back 0.59 percent on Monday, lifted by gains in some blue chips including rubber firms on investors' expectation of good earnings in the second quarter.
The Danang Rubber Joint Stock Co outperformed the market, jumping 6.86 percent to a record high close at 54,500 dong ($2.58). The Southern Rubber Industry Co ended up 6.53 percent at 47,300 dong, a level unseen since Nov. 2, 2009.
Investors have been expecting positive corporate results from the two rubber product makers in the second quarter as they benefited from lower prices of natural rubber, analysts said.
Stocks of Mobile World , Vietnam's largest mobile phone retailer by its sale network, closed at 81,500 dong on its debut session, up 19.9 percent from its starting price of 68,000
Here is a snapshot of the VN Index at the close
VN Index 586.23
PREV. CLOSE 582.77
% CHANGE 0.59%
SE Asia Stocks-Thai index over 13-month high; Indonesia weak amid election uncertainty
Thai key index scaled an over 13-month high on Monday as a planned infrastructure development lifted bank and construction related stocks, while Indonesia fell for the second straight session amid uncertainty over election results.
Thailand's public debt management office has set an initial 150 billion baht ($4.67 billion) for infrastructure investments for the fiscal year starting Oct. 1, its director general said on Monday.
Gains were led by banking stocks such as Krung Thai Bank Pcl and Siam Cement , which were seen among beneficiaries of the domestic construction boom. The Thai stock market closed up 0.74 percent at 1,529.23, the highest close since June 4, 2013.
"The second-half 2014 earnings will recover further, supported by the government infrastructure projects," said broker Maybank Kim Eng Securities.
The Bank of Thailand gave a positive tone on the domestic economy on Monday, saying it had no concerns about the stability of the economy and financial markets, including the level of non performing loans (NPLs) in the financial system.
Jakarta's composite index ended down 0.23 percent, extending Friday's fall. The index hit its highest in more than 13 months on Thursday after a presidential election.
Investors had braced for quick-count results for what seemed like a Joko "Jokowi" Widodo win last Thursday but confidence has backtracked following uncertainty over the voting outcome and allegations of vote-tampering.
Shares of selected large caps such as Bank Rakyat Indonesia Persero and Astra International dropped due to foreign selling, Thomson Reuters data showed.
Elsewhere, the Philippines fell more than 1 percent as outflows hit large caps such as Metropolitan Bank & Trust Co , while Singapore eased after data showed the city-state's gross domestic product contracted in April-June.
Malaysia was little changed while Vietnam's index closed up 0.59 percent as shares of rubber firms rose on expectations of good earnings in the second quarter. I
SOUTHEAST ASIAN STOCK MARKETS
Market Current Prev Close Pct Move
TR SE Asia Index* 439.24 438.90 +0.08
Singapore 3290.98 3293.73 -0.08
Kuala Lumpur 1884.87 1883.15 +0.09
Bangkok 1529.23 1518.01 +0.74
Jakarta 5021.06 5032.60 -0.23
Manila 6830.37 6901.09 -1.02
Ho Chi Minh 586.23 582.77 +0.59