ASEAN KEY DESTINATIONS
22 July 2014
The Straits Times Index (STI) ended +2.64 points higher or +0.08% to 3316.91, taking the year-to-date performance to +4.80%.
The FTSE ST Mid Cap Index gained +0.15% and the FTSE ST Small Cap Index gained +0.21%. The top active stocks were DBS (+0.74%), Spackman (unchanged), GuocoLand (+1.91%), UOB (-0.13%), SingTel (unchanged).
The outperforming sector today was represented by the FTSE ST Utilities Index (+1.49%). The two biggest stocks of the FTSE ST Utilities Index are United Envirotech (+0.03%) and Hyflux (unchanged). The underperforming sector was the FTSE ST Telecommunications Index, which declined -1.08% with SingTel’s share price remaining unchanged and StarHub’s share price gaining +0.04%. The FTSE ST Consumer Services Index gained +0.04%. The FTSE ST Real Estate Index gained +0.58%.
The three most active Exchange Traded Funds (ETFs) by value today were Lyxor ETF Asia (+0.41%), SPDR Gold Shares (-0.36%), DBXT MSCI Indonesia (-0.39%).
The three most active Real Estate Investment Trusts (REITs) by value were CapitaMall Trust (+1.26%), CapitaCommercial Trust (-0.59%), Suntec REIT (+1.09%).
The most active index warrants by value today were HSI23600MBePW140828 (-32.23%), HSI23800MBeCW140828 (+56.36%), HSI23000MBePW140828 (-41.10%).
The most active stock warrants by value today were DBS MB eCW140901 (+14.29%), DBS MB eCW141201 (+7.96%), UOB MB eCW141203 (+1.59%).
Singapore Stock Market
*ST Index 3,316.91 +2.64 3,314.27 +3.74
Volume: 2,096.8M 1,539.5M
Value: $966.1M $669.9M
Gainers/Losers: 230/183 219/188
Daily Market Commentary (Securities)
22 Jul 2014
The FBM KLCI index gained 2.72 points or 0.15% on Tuesday. The Finance Index fell 0.28% to 17394.86 points, the Properties Index up 0.47% to 1484.07 points and the Plantation Index down 0.09% to 8998.06 points. The market traded within a range of 5.97 points between an intra-day high of 1874.00 and a low of 1868.03 during the session.
Actively traded stocks include MAS, TALAMT, SUMATEC, PDZ, AAX, IFCAMSC-WA, SONA-WA, IRIS, HOVID and FRONTKN. Trading volume increased to 2569.70 mil shares worth RM2070.95 mil as compared to Monday’s 2404.38 mil shares worth RM2141.43 mil.
Leading Movers were MISC (+14 sen to RM6.52), GENTING (+21 sen to RM9.87), SKPETRO (+8 sen to RM4.43), HLFG (+20 sen to RM17.24) and GENM (+4 sen to RM4.30). Lagging Movers were UMW (-14 sen to RM11.52), CIMB (-7 sen to RM6.89), RHBCAP (-7 sen to RM9.10), FGV (-3 sen to RM4.01) and PETGAS (-8 sen to RM23.48). Market breadth was positive with 471 gainers as compared to 383 losers.
The KLCI settled marginally higher at 1871.36 points. Our local bourse remained range bound on absence of fresh market leads. Investors remained cautious over the geopolitical tensions in Ukraine and violence in Gaza.
Date As of: 22 July 2014
Description Volume Value Frequency
ETF 52,500 27,309,500 138
Stock 9,840,691,762 9,155,575,170,192 277,486
Right 797,700 2,242,900 11
Warrant 24,161,800 1,882,241,200 1,015
Total 9,865,703,762 9,157,486,963,792 278,650
Thai bourse continues to foster research on Thai capital markets
Bangkok, July 22, 2014 - The Stock Exchange of Thailand (SET)'s Capital Market Research Institute (CMRI) organized a forum on "Earnings Management and Corporate Governance in Emerging Markets: Evidence from Thailand". CMRI has consistently organized various research and development (R&D) activities and projects to benefit investors and Thai capital markets as a whole. For example, the capital market research forum is held monthly for researchers to present valuable findings to investors, listed companies and the media, as well as acting as a forum for capital market experts to exchange views on topical issues. The research symposium is held annually and is attended by prominent capital market researchers, experts and professionals. On top of this, SET recently initiated a special program with 16 faculties from 10 universities in order to foster research on capital markets.
SET Executive Vice President Pakorn Peetathawatchai said that SET has continuously arranged capital market research forums to keep investors and the general public well-informed of the Thai capital market's R&D. This month's forum featured a presentation by researchers from well-known universities on corporate governance (CG) as well as comments from capital market and CG experts with practical experience."
In addition, SET grants the annual Capital Market Research Scholarship, running for four consecutive years. This initiative aims at supporting graduate students to conduct research that will benefit Thailand's capital market development.
SET has signed a memorandum of understanding with 16 faculties from 10 leading universities throughout Thailand. The key objective is to connect academia and market practitioners from Thai capital market industry, in order to craft the new generation researchers and to conduct insightful and practical research on Thai capital market. Part of the learning process is the "Clinic for Capital Market Research", in which researchers present their research proposals and obtain insights from professors and experts on the Thai capital market. Through this arrangement, the students will also get to know the professionals - an opportunity for them to pave way for their future career in the capital market industry.
Furthermore, the research symposium is the major event held annually to present the leading-edge research on Thai capital market development and policy, and is attended by prominent capital market researchers, experts and professionals.
Such research could benefit all stakeholders and lead to policy design to further support the sustainable development of Thai capital market.
Finally, SET briefing note on important capital market developments, is available on http://www.set.or.th/setresearch.
As of 22 July 2014 Unit: M.Baht
Type Buy Sell Net
Institution 5,700.44 7,767.30 -2,066.85
Proprietary 6,194.98 6,774.90 -579.92
Foreign 10,954.76 9,238.40 1,716.36
Individual 45,722.54 44,792.13 930.40
Total Trading Value 68,572.72 M.Baht
Vietnam index ends down 0.5 pct on profit taking
Vietnam's benchmark VN Index closed down 0.51 percent as investors sold shares to secure profits after a six-day winning streak.
On Monday the index hit its highest close since April 10 on gains in big-cap shares.
"Many shares have reached high prices, so investors considered taking profit," said analyst Tran Thang Long from BIDV Securities.
But investors were not rushing to sell stocks, so the index could linger around the current level in coming sessions, analysts said.
Dairy product maker Vinamilk led the losses, retreating 1.44 percent from its highest close since April 29 hit on Monday, Reuters data showed.
Here is a snapshot of the VN Index at the close
VN Index 597.98
PREV. CLOSE 601.04
% CHANGE -0.51%
REFILE-SE Asia Stocks -Indonesia shares snap gains; election result awaited
Indonesian shares snapped two days of gains and fell on Tuesday amid worries about potential unrest over the presidential election result while the Thai
index hit a near two-week low on selling in telecoms and construction shares.
The likely loser in Indonesia's presidential race made a last-gasp attempt to delay the announcement of the official election results on Tuesday, expected to declare Jakarta Governor Joko "Jokowi" Widodo as the nation's next leader.
Former general Prabowo Subianto withdrew his presidential candidacy after denouncing the election process as undemocratic, an official from his party said on Tuesday.
"The presidential race was tight and Prabowo finished a press conference, stating that he rejected the presidential election," said Jakarta-based John Teja, director of broker Ciptadana Securities.
Jakarta's composite index fell as much as 2.2 percent to the lowest since July 14. It closed down 0.9 percent after notching a combined 1.1 percent gain over the past two sessions.
Domestic investors led sellers of shares in large cap companies such as Telekomunikasi Indonesia.
The market posted a modest net foreign buying worth 6.0 billion rupiah ($518,200) after Monday's 22.8 billion rupiah ($1.97 million) of outflows, Thomson Reuters data showed.
The Thai index was down 1.2 percent at 1,520.81, the lowest since July 10.
Shares of top telecom firm Advanced Info Service slid 3.7 percent, taking its loss in three days to almost 9 percent, after the military government postponed last week an auction of fourth generation (4G) mobile phone bandwidth.
Shares of Ch Karnchang and other builders suffered late selling after the government said its meeting earlier on the day did not discuss infrastructure investments as investors earlier expected.
Elsewhere, the Philippine index edged slightly lower due to foreign outflows in big caps including Alliance Global Group , stock exchange data showed.
SOUTHEAST ASIAN STOCK MARKETS
Market Current Prev Close Pct Move
TR SE Asia Index* 441.95 443.51 -0.35
Singapore 3316.91 3314.27 +0.08
Kuala Lumpur 1871.36 1868.64 +0.15
Bangkok 1520.81 1538.55 -1.15
Jakarta 5083.52 5127.12 -0.85
Manila 6869.94 6874.88 -0.07
Ho Chi Minh 597.98 601.04 -0.51