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ASEAN STOCK WATCH 15 July 2010

ASEAN Markets to Consolidate

Shayne Heffernan

www.livetradingnews.com

After a strong day yesterday and a flat session over night in the USA ASEAN markets will be consolidating the gains posted in the last few sessions today.

The Stock Exchange of Thailand (SET) composite index on Wednesday gained 2.19 points or 0.27 per cent to close at 819.54 points. The market value was 25.70 billion baht, with 8.56 billion shares traded.

Investment activity in Bangkok’s property market remains robust, reaching 3.5 billion baht during the first six months despite political unrest, says property consultant Jones Lang LaSalle.

Investment director Umpon Thepnumsommanus said the transactions concluded by the firm were for the sale of a portfolio of office condominium units at Sermmit Tower for 1.5 billion baht early in the year and a number of prime land plots. Supply was in part fuelled by some corporations restructuring their portfolio by disposing of non-core assets.

Demand came from property developers buying more land for future developments, while some investors remained keen to buy into income-generating assets like office buildings, given the low interest rates.

Siam City Cement Plc, the country’s second-largest cement maker, is calling on the government to introduce green tax incentives as the firm is planning two green investments worth 850 million baht over the next two years.

Managing director Philippe Arto said SCCC’s board approved 600 million baht for a waste-heat recovery power project to make it more self-reliant in terms of power supply.

The new facility, which will recover heat from waste buried in landfills, will be developed next year at its cement plant in Saraburi province and become operational in mid-2012, he said.

E-commerce retailer OfficeMate Plc will price its initial public offering at 4.90 baht a share.

Subscription for its 20-million-share offering will run from today until Friday.

Managing director Worawoot Ounjai said there is a bright outlook for the e-commerce business in Thailand due to a growing customer base and greater interest in online shopping.

The e-commerce market in Thailand grows at about 30% a year with about 16-17 million internet users.

Mr Worawoot said the company should be able to provide dividend yields of up to 3%.


Daily as of 14 Jul 2010

Unit: M.Baht

 
Investor Type Buy Sell Net
Value % Value % Value %
Local Institutions 2,109.21 8.20 1,017.14 3.96 1,092.07 -
Proprietary Trading 2,288.86 8.90 2,366.99 9.21 -78.13 -
Foreign Investors 4,108.78 15.98 4,760.94 18.52 -652.16 -
Local Individuals 17,202.28 66.91 17,564.06 68.32 -361.78 -
 
Monthly Cumulative between 1 – 14 Jul 2010
Unit: M.Baht
Investor Type Buy Sell Net
Value % Value % Value %
Local Institutions 18,847.15 8.12 17,678.59 7.62 1,168.56 -
Proprietary Trading 22,131.24 9.53 23,166.10 9.98 -1,034.86 -
Foreign Investors 36,131.79 15.57 36,656.74 15.79 -524.96 -
Local Individuals 154,995.93 66.78 154,604.67 66.61 391.25 -
 
    

Yearly Cumulative since 1 Jan 2010 – 14 Jul 2010

Unit: M.Baht
Investor Type Buy Sell Net
Value % Value % Value %
Local Institutions 206,917.43 7.59 206,381.32 7.57 536.11 -
Proprietary Trading 367,374.39 13.48 367,765.20 13.49 -390.81 -
Foreign Investors 581,170.74 21.32 599,023.08 21.98 -17,852.34 -
Local Individuals 1,570,421.31 57.61 1,552,714.28 56.96 17,707.04 -

SET SET100 SET50 mai

(Official Trading Quotation)

Trading quotation will be officially updated at around 18:30 p.m.

Index Last Change %Change High Low Volume
(’000 Shares)
Value
(M.Baht)
819.54 +2.19 +0.27 825.40 819.54 8,564,902 25,709.12
1,222.54 +1.92 +0.16 1,233.79 1,222.54 5,808,798 19,166.82
556.43 -0.27 -0.05 562.45 556.43 1,925,996 11,832.52
234.47 +2.87 +1.24 235.88 232.06 403,440 400.02

High and Low index will not have the officially updated value.

SET mai
Top 10 Most Active Value 
Symbol Value
(’000 Baht)
Last Change
(%)
TMB 2,714,135 1.81 +0.09 (+5.23%)
SCB 1,797,507 83.50 -0.50 (-0.60%)
JAS 1,269,811 0.70 +0.06 (+9.38%)
BBL 840,260 126.50 -1.00 (-0.78%)
STPI 701,088 35.75 +3.75 (+11.72%)
PTT 663,018 246.00 -1.00 (-0.40%)
BJC 624,574 15.00 +0.20 (+1.35%)
BTS 538,973 0.90 +0.02 (+2.27%)
KTB 446,567 12.90 -0.10 (-0.77%)
PTTEP 444,892 144.00 - -
  Top 10 Gainers 
Symbol Volume
(Shares)
Last Change
(%)
ESTAR-W2 1,750,900 0.05 +0.01 (+25.00%)
BNC 100 3.92 +0.70 (+21.74%)
JTS 140,090,800 1.88 +0.33 (+21.29%)
TCCC <NP> 1,161,000 17.80 +3.00 (+20.27%)
GRAND 4,819,700 1.57 +0.24 (+18.05%)
LIVE 701,000 0.07 +0.01 (+16.67%)
STPI-W1 61,700 37.00 +5.25 (+16.54%)
BLAND-W2 198,543,100 0.15 +0.02 (+15.38%)
TWZ-W1 62,031,300 0.24 +0.03 (+14.29%)
SPALI 37,626,500 11.50 +1.30 (+12.75%)
 
Top 10 Most Active Volume 
Symbol Volume
(Shares)
Last Change
(%)
JAS 1,809,141,200 0.70 +0.06 (+9.38%)
TMB 1,519,097,900 1.81 +0.09 (+5.23%)
BTS 597,445,700 0.90 +0.02 (+2.27%)
BLAND 583,376,200 0.69 +0.07 (+11.29%)
TT&T 410,974,300 0.40 +0.01 (+2.56%)
SSI 265,518,100 1.68 +0.04 (+2.44%)
NWR 255,591,400 0.44 +0.02 (+4.76%)
BLAND-W2 198,543,100 0.15 +0.02 (+15.38%)
SYNTEC 151,500,200 1.16 +0.02 (+1.75%)
JTS 140,090,800 1.88 +0.33 (+21.29%)
  Top 10 Losers 
Symbol Volume
(Shares)
Last Change
(%)
IEC 2,800,000 0.02 -0.01 (-33.33%)
GJS-W1 <NP> 2,009,200 0.03 -0.01 (-25.00%)
TKS-W1 697,600 0.04 -0.01 (-20.00%)
CNT 25,126,200 5.80 -1.20 (-17.14%)
YCI 39,400 5.00 -0.80 (-13.79%)
ROH 2,100 29.00 -2.75 (-8.66%)
MFC 63,500 12.80 -1.20 (-8.57%)
SICCO 72,435,700 5.30 -0.40 (-7.02%)
SSEC 66,467,000 1.08 -0.07 (-6.09%)
TTTM 3,500 76.00 -4.00 (-5.00%)

 

´╗┐The JKSE index rose 23.084 points or 0.78 percent to 2,984.596 points and the LQ-45 index surged 5.877 points or 1.02 percent to 579,907 points.

Astra Groups` shares were on high demand by local and foreign investors. Astra International shares went up Rp500 to Rp48,700, United Tractor shares added Rp200 to Rp19,000 and Astra Agro Lestari shares advanced Rp150 to Rp18,950.

Other top gainers were state owned bank BRI shares that climbed Rp150 to Rp9,900, Bank Mandiri shares that surged Rp100 to Rp6,250, private bank BCA shares that strengthened Rp100 to Rp6,000 per share.

The Jakarta Composite Index has a chance to move upward further thanks to the current stable global market condition, according to Ahmad Riyadi , a capital market observer of PT Millennium Danathama Securities.

The Wall Street gains which was followed by Asian bourse strengthening, was the main factor that bolstered the Indonesian stocks, he said.

The Indonesian bourse recorded 55,851 transactions, involving 2.657 billion shares worth Rp1.702 trillion. Some 126 stocks lost, 69 gained and 69 remained static.

Hong Kong`s Hang Seng index surged 209.62 points or 1.03 percent to the level of 20,640.68, Singapore`s Straits Times index went up 16.38 points or 0.56 percent to the level of 2,945.08 points, Japan`s Nikkei 225 index rose 244.98 points or 2.57 percent to the level of 9,781.52 points.

Meanwhile, the opening session earlier, the Composite Stock Price Index at the Indonesian Stock Exchange opened higher on buying of Astra Group and banking industry shares. State telecommunication Telkom shares was among the most traded with a total volume of 5.57 million worth Rp43.89 billion, with a final rate of Rp7,850 per share, or up Rp100 per share. Philippine Stock Exchange index gained 1.06 percent or 36.48 points to 3,472.33, while the broader all-share index rose by 1.01 percent or 21.93 points to 2,191.50. Trading volume reached 2.75 billion shares worth 2.95 billion pesos (63.74 million U.S. dollars). Vietnam’s stock market index, VN-Index, closed at 507. 34 points on Wednesday, down 1.74 points, or 0.34 percent, against the previous trading day.

A total of 53.2 million shares worth 1.59 trillion Vietnamese dong (VND) (83.58 million U.S. dollars) changed hands at the Ho Chi Minh City Stock Exchange.

The shares prices in Singapore rose 24.11 points or 0.82 percent on Wednesday with the benchmark Straits Times Index (STI) closing at 2,952.81 points.

The ministry of trade and industry in Singapore highlighted a higher growth rate compared to the earlier estimate of 7 to 9 percent. This is clearly an indication that Singapore and many other Asia-Pacific region are returning back to an improved state of economy compared to the downturn that took place last year.

In fact, it has been considered that Singapore is becoming one of the fastest growing economies of the world. The massive growth rate that took place in the first half of the year has prompted the government to declare that the economy of the country is currently expecting a growth rate of 15 percent. This amount is in fact four times the amount of the expectation of the growth rate of the economy of US.

Singapore is an open economy and it is an important financial center. The global economic crisis affected the economy of Singapore greatly to the extent that it came down to a rate of 1.3 percent in the year 2009. However it is now in a condition to grow rapidly. The overall volume stood at 1.54 billion shares worth 1.39 billion Singapore dollars (about 1.1 billion U.S. dollars).

The Malaysia stock market ended higher here on Wednesday. The Kuala Lumpur Composite Index (KLCI) was at 1,341.08 up 8.21 points or 0.61 percent, and the Emas was at 9,053.06 up 61.55 points or 0.68 percent.

Turnover increased to 801.67 million shares valued at 1.54 billion ringgit Malaysia (481.25 million U.S. dollars).


 


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