ASEAN KEY DESTINATIONS
01 July 2014
The Straits Times Index (STI) ended -13.03 points lower or -0.40% to 3242.64, taking the year-to-date performance to +2.46%.
The FTSE ST Mid Cap Index declined -0.33% while the FTSE ST Small Cap Index gained +0.27%. The top active stocks were OCBC Bank (-1.05%), SingTel (-0.26%), DBS (+0.36%), UOB (-0.04%) and Golden Agri-Resources (-1.80%).
The outperforming sectors today were represented by the FTSE ST Utilities Index (+1.02%). The two biggest stocks of the FTSE ST Utilities Index are United Envirotech (+1.76%) and Hyflux (-0.42%). The underperforming sector was the FTSE ST Real Estate Holding and Development Index, which declined -1.02% with Hongkong Land Holdings’ share price declining -1.05% and Global Logistic Properties’ share price declining -1.11%. The FTSE ST Consumer Services Index declined -0.54%. The FTSE ST Real Estate Index declined -0.75%.
The three most active Exchange Traded Funds (ETFs) by value today were the SPDR Gold Shares (+1.05%), Lyxor Japan Fund (+2.45%), DBS Singapore STI ETF (-1.19%).
The three most active Real Estate Investment Trusts (REITs) by value were CapitaCommercial Trust (-2.06%), Ascendas REIT (-0.87%), CapitaMall Trust (-0.76%).
The most active index warrants by value today were STI 3150MBePW141231 (+4.88%), STI 3300MBeCW141031 (-14.29%), STI 3150MBeCW140829 (-25.29%).
The most active stock warrants by value today were KepCorp MBeCW141201 (-6.40%), DBS MB ePW140901 (-2.03%), DBS MB eCW140901 (+1.54%).
Singapore Stock Market
*ST Index 3,242.64 -13.03 3,255.67 -15.38
Volume: 1,841.1M 2,330.5M
Value: $765.7M $1,052.3M
Gainers/Losers: 179/215 193/250
Daily Market Commentary (Securities)
1 Jul 2014
The FBM KLCI index lost 3.59 points or 0.19% on Tuesday. The Finance Index increased 0.23% to 17211.13 points, the Properties Index up 0.17% to 1430.54 points and the Plantation Index down 0.40% to 9194.23 points. The market traded within a range of 3.69 points between an intra-day high of 1880.29 and a low of 1876.60 during the session.
Actively traded stocks include ECONBHD, IRETEX-LA, MINETEC, LUSTER, COMPUGT, TALAMT, MAS, SUMATEC, BJCORP and IFCAMSC. Trading volume decreased to 1622.87 mil shares worth RM1510.15 mil as compared to Monday’s 1819.41 mil shares worth RM2303.12 mil.
Leading Movers were BAT (+112 sen to RM66.66), PBBANK (+14 sen to RM19.72), HLBANK (+10 sen to RM13.90), UMW (+4 sen to RM10.96) and AMMB (+2 sen to RM7.14). Lagging Movers were PPB (-24 sen to RM14.90), ASTRO (-11 sen to RM3.38), PETGAS (-10 sen to RM24.40), IOICORP (-9 sen to RM5.16) and GENM (-7 sen to RM4.13). Market breadth was negative with 345 gainers as compared to 442 losers.
The KLCI ended lower at 1879.12 points on absence of fresh market leads. The upbeat manufacturing data of China failed to excite investors as the flattish overnight performance of U.S. and European markets kept investors’ sentiment muted.
Date As of: 01 July 2014
Description Volume Value Frequency
ETF 2,300 1,676,500 19
Stock 6,602,648,783 9,687,056,470,658 149,715
Warrant 29,082,700 1,707,440,900 1,017
Total 6,631,733,783 9,688,765,588,058 150,751
Vietnam index closes flat, falls expected ahead
Vietnam's benchmark VN Index ended almost flat on Tuesday at 578.07 points, as selling in the afternoon session erased gains in early trade.
Stocks moved mixed, with securities firms gaining on expectations of good results in the second quarter, analysts said, while a 0.89-percent fall in Vietnam's biggest listed firm by capitalisation PetroVietNam Gas kept the index from ticking up.
"Technical indicators showed signs that the index may fall in coming sessions after the benchmark failed to surpass its resistance level of 580 points," said analyst Nguyen Hoang Phuong of Ho Chi Minh City Securities.
Here is a snapshot of the VN Index at the close.
VN Index 578.07
PREV. CLOSE 578.13
% CHANGE -0.01%
SE Asia Stocks - Indonesia turns higher on positive economic data
Stocks in Indonesia eked out slim gains on Tuesday as a set of positive economic data lifted select shares, including banks, while the Philippine index edged lower amid domestic-led selling in rallying stocks such as BDO Unibank .
Indonesia's key index rose 0.13 percent to a near two-week high after data showed a small trade surplus in May and manufacturing activity rose to a record high for the second month in June, which reflected domestic demand for new orders.
The market saw a late rebound in shares of Bank Mandiri and Bank Rakyat while shares of retailer Matahari Putra Prima erased early gains to end
The market was broadly weak in early trade as caution remained over the outlook on the trade balance.
"I am quite worried about trade deficit which could go up ahead as a result of this strong PMI. If trade deficit were to widen, sentiment in the market would not be positive in my view," said Harry Su, head of research at Bahana Securities.
Losses in the Philippines were led by shares of BDO Unibank and Philippine Long Distance Telephone as selling by domestic investors overshadowed strong foreign inflows into the two stocks, stock exchange data showed.
Foreign investors were net buyers of Philippine shares worth a net 1.2 billion peso ($27.52 million), with about 70 percent of total being net buying in BDO and PLDT, data showed.
Elsewhere, Singapore's key share index hit a near two-month low as weak private home prices dented sentiment in property shares including Hongkong Land Holdings Ltd and CapitaLand .
The Thai stock market was closed on Tuesday.
SOUTHEAST ASIAN STOCK MARKETS
Market Current Prev Close Pct Move
TR SE Asia Index* 427.42 427.71 -0.07
Singapore 3242.64 3255.67 -0.40
Kuala Lumpur 1879.12 1882.71 -0.19
Bangkok -- 1485.75 --
Jakarta 4884.83 4878.58 +0.13
Manila 6826.61 6844.31 -0.26
Ho Chi Minh 578.07 578.13 -0.01