ASEAN KEY DESTINATIONS
23 July 2015
The Straits Times Index (STI) ended 2.8 points or 0.08% lower to 3356.37, taking the year-to-date performance to -0.26%.
The top active stocks today were DBS, which gained 0.28%, Singtel, which gained 0.46%, Noble, which declined 3.08%, OCBC Bank, which gained 0.68% and ThaiBev, with a 0.66% fall.
The FTSE ST Mid Cap Index declined 0.07%, while the FTSE ST Small Cap Index declined 0.18%.
The outperforming sectors today were represented by the FTSE ST Technology Index, which rose 3.90%. The two biggest stocks of the Index - Silverlake Axis and STATS ChipPAC – ended 6.83% higher and 1.09% lower respectively.
The underperforming sector was the FTSE ST Health Care Index, which slipped 1.73%. Raffles Medical Group shares declined 1.60% and Tianjin Zhongxin Pharmaceutical Group Corporation declined 2.74%.
The three most active Exchange Traded Funds (ETFs) by value today were:
SPDR Gold Shares (+1.04%)
IS MSCI India (-0.78%)
DBXT CSI300 ETF (+3.07%)
The three most active Real Estate Investment Trusts (REITs) by value were:
CapitaLand Mall Trust (-0.47%)
Keppel REIT (+1.77%)
CapitaLand Commercial Trust (-0.68%)
The most active index warrants by value today were:
The most active stock warrants by value today were:
DBS MB eCW151001 (+2.27%)
OCBC Bk MBeCW151201 (+3.97%)
DBS MB eCW150915 (+1.30%)
Singapore Stock Market
*ST Index 3,349.33 -7.04 3,356.37 -2.8
Volume: 612.8M 2,318.8M
Value: $340.8M $1,033.2M
Gainers/Losers: 115/164 204/245
Daily Market Commentary (Securities)
23 July 2015
The FBM KLCI index lost 7.09 points or 0.41% on Thursday. The Finance Index fell 0.10% to 15555.11 points, the Properties Index up 0.93% to 1227.26 points and the Plantation Index down 0.83% to 7439.76 points. The market traded within a range of 8.74 points between an intra-day high of 1731.18 and a low of 1722.44 during the session.
Actively traded stocks include DSONIC, FRONTKN, DSONIC-CC, PERWAJA, CHINA50-H2, AWC, RGB, SCNWOLF, BORNOIL and CHINA50-C2. Trading volume increased to 1761.80 mil shares worth RM1688.65 mil as compared to Wednesday’s 1664.09 mil shares worth RM1681.58 mil.
Leading Movers were ASTRO (+4 sen to RM3.07), TM (+5 sen to RM6.69), GENM (+3 sen to RM4.30), YTL (+1 sen to RM1.61) and UMW (+6 sen to RM10.24). Lagging Movers were PETCHEM (-14 sen to RM6.44), GENTING (-15 sen to RM8.25), PPB (-26 sen to RM15.04), HLFG (-26 sen to RM15.50) and BAT (-92 sen to RM64.78). Market breadth was positive with 491 gainers as compared to 317 losers.
The KLCI ended lower at 1722.44 points amid overnight losses in Wall Street. Market sentiment was muted amid absence of fresh positive leads.
Date As of: Thursday, July 23, 2015
Description Volume Value Frequency
ETF 31,123,000 2,832,193,000 01
Stock 4,085,990,989 4,012,575,386,617 173,171
Right 70,400 70,600 08
Warrant 2,502,600 93,573,600 249
Total 4,119,686,989 4,015,501,223,817 173,429
July 23, 2015
Thai bourse gears up to boost diversification, expand long-term investors, continuously enhance quality in H2
BANGKOK, July 23, 2015 - The Stock Exchange of Thailand (SET) has disclosed its strategic plans in the second half of this year, aiming to expand quality investor base, increasingly diversify and internationalize products and services while moving towards digital exchange to support continuous future growth.
The bourse has strongly believed to beat 2015 targets proven by its achievements in the first half with the average daily trading value and the valuation of fundraising of initial public offerings (IPOs) reaching number one in ASEAN. On top of this, the merger between Thailand Futures Exchange pcl (TFEX) and The Agricultural Futures Exchange of Thailand (AFET) has been set to be completed by the end of this year, along with the plan to announce a list of Thai listed companies in "Thailand Sustainable Investment," paving the way for Thai firms to sustainable development.
SET President Kesara Manchusree stated that despite the global market volatility, SET has significantly achieved key milestones and maintained the leading position in ASEAN in the first half of this year with the average daily trading value at THB 47.7 billion (approx. USD 1.4 billion), considered highest in ASEAN. This was partly due to SET's collaboration with securities firms, asset management companies and commercial banks to expand local investor base in every channel nationwide, as such increasing number of new investors in the equities and derivatives markets by 63,863 and 4,750, respectively.
In addition, in the second half of this year, SET would intensively expand domestic investor base by organizing 25 various activities with alliances in provinces nationwide, while co-operating with securities firms to implement "Stock-Saving" campaign and exclusive seminars by analysts for analysts in Bangkok and metropolitan area.
Meanwhile, the market capitalization of new IPOs from 15 securities has already reached the total of THB 159 billion (approx. USD 4.7 billion), approaching its THB 250 billion target for the whole 2015, partly due to the successful listing of large securities such as Jasmine Broadband Internet Infrastructure Fund (JASIF) and Global Power Synergy pcl (GPSC) and the listing of holding companies which have a core subsidiary company abroad such as PM Thoresen Asia Holdings pcl (PMTA), while the fundraising of listed companies from secondary market was worth a combined THB 136 billion, making it ASEAN's highest recapitalization in term of amount.
In addition, average daily derivatives volume were 192,878 contracts, exceeding 2015 target of 190,000, mostly due to increases in single stock futures and SET50 index futures.
"We have promoted quality and sustainability and it pays off in the first half of this year. Looking forward, SET will further materialize the "Diversified -Digital - Sustainable - Internationalized" (DDSI) concept by diversifying products and services, increasing liquidity and enhancing operational system to become a digital exchange, as well as continuously working closely with capital
markets in the Greater Mekong Subregion (GMS) as a GMS connector," said Kesara.
Kesara added that SET would continue to focus on the diversification of products and services in the second half of this year by including the natural rubber ribbed smoked sheet (RSS3 futures) trading on TFEX after the related rules and regulations have become effective. TFEX would welcome AFET members to TFEX to operate seamless trading after preparation of several relevant aspects. We also provided training for AFET staff and would arrange seminars in major cities to promote agricultural derivatives trading among investors.
To expand the long-term investor base, SET will promote provident fund investment for employees' financial sustainability via "Employee's Choice", enhancing financial planning knowledge for retirement among employees according to the age group to promote better returns and more opportunities in the long run, while providing financial and investment knowledge for investors and stakeholders.
Moving towards digital exchange to cope with lifestyle of investors in the digital era, SET has launched "SET Application" which could attract 44,000 downloads after the launch in April, and has facilitated investors by revamping SET's website with one single channel to facilitate investor convenience which could draw 33,000 registrations within the first two months. In addition, SET has also introduced "Click2Win" program, a virtual online investment through smart phones for stock and derivatives trading.
To expand new listings, in July there have been three new listed securities with market capitalization worth THB 29 billion, including North Bangkok Power Plant Block 1 Infrastructure Fund, Electricity Generating Authority of Thailand (EGATIF), becoming the first state enterprise infrastructure fund ever listed on SET. In the rest of this year, there have been eight securities awaiting to be listed, while other 16 are waiting for approval. The fundraising from existing companies is expected to meet this year's target. To make it convenient for securities issuers, SET has also developed digital listing services (Digital IPOs) for all products set to be launched by Q1/2016.
To expand foreign investor base on both SET and TFEX, SET has planned to organize outbound roadshows which would provide opportunities for small and medium-sized listed companies to meet foreign investors directly. The upcoming outbound roadshow this year will be in New York, the United States. Just as important as the outbound roadshows, SET will organize the annual inbound roadshow called "Thailand Focus 2015" in August, by inviting foreign fund managers to meet Thai listed companies for insights of the Thai capital market and economy. Significantly, SET will continue the GMS connector role by providing multiple fundraising tools for GMS and other foreign companies covering primary listing, secondary listing, infrastructure fund and infrastructure trust as well as offering GMS-related products such as GMS Depository Receipt (GMS DR). Furthermore, SET has continued to publicize securities list of 111 Thai companies invested in GMS on the SET website, boosting investment opportunities in GMS through Thai listed companies.
In promoting quality development and sustainable investment, SET has prepared assessment criteria called "Thailand Sustainable Investment" and will announce a list of Thai listed companies with prime performance on environmental, social and governance (ESG) aspects in October 2015.
This will be used as quality information investment and for decision-making tools, as part of SET's plan to promote sustainable quality development among Thai listed firms. The next steps will be the development towards creating the Dow Jones Sustainability Index (DJSI) of Thailand in line with the guidelines of the Dow Jones Sustainability Index, to be used as indicators matching the international standard.
The Thai bourse is committed to promoting financial and investment education and will continue to expand investment knowledge nationwide via educational projects called investor classroom and SET Investment Centers (SET IC) in major provinces all over Thailand. SET will continuously enhance quality for capital market professionals, investment consultants, securities analysts, commercial bank staff and students in acquiring licenses.
SET "Towards the 5th Decade of Sustainable Wealth for Thais"
As of 23 July 2015 Unit: M.Baht Unit: M.Bah
Type Buy Sell Net
Institution 4,521.81 3,084.43 1,437.38
Proprietary 2,893.04 3,604.01 -710.96
Foreign 7,049.31 9,788.48 -2,739.17
Individual 14,705.72 12,692.97 2,012.75
Total Trading Value 29,169.88 M.Baht
Vietnam index ends up 0.3 pct, more gains expected
Vietnam's benchmark VN Index .VNI ticked up 0.34 percent at Thursday close, led by some big-caps and analysts projected further rallies on positive earnings and extended effect of the government easing on foreign stakes limits.
Dairy product maker Vinamilk VNM.HM , Vietnam's second biggest firm by market value, climbed 2.52 percent to 122,000
dong ($5.6), the highest since April 2014, while PetroVietnam Gas GAS.HM advanced 3.36 percent.
Analysts said the index could further rise on investors' expectations of solid corporate performances in the second
quarter ended June, and ahead of the government's new rule that lifts foreign ownership in many listed firms as of Sept. 1.
"Investment seems to be returning to the market after some corrections earlier this week, especially into over-sold
equities," said manager Nguyen The Minh of Viet Capital Securities, expecting the index to surpass 645 points soon.
Here is a snapshot of the VN Index .VNI at the close
VN Index 632.01
PREV. CLOSE 629.85
% CHANGE 0.34%
SE Asia Stocks-Thai shares retreat on outflows; Vietnam hits over 1-week high
Most Southeast Asian stock markets fell on Thursday, with Thai benchmark retreating and Malaysia's key index extending losses amid foreign-led selling, but stocks in Vietnam hit a more than one-week high with large-cap stocks leading the pack.
The SET index .SETI fell 0.2 percent to 1,444.66, the lowest close since June 2, 2014. Shares of PTT Exploration and Production PTTEP.BK eased 0.3 percent after it posted a 94 percent drop in quarterly net profit.
Foreign investors sold shares worth a net 2.7 billion baht ($77.8 million) after offloading a net 2.7 billion baht over past three sessions, stock exchange data showed.
Kuala Lumpur's composite index .KLSE fell 0.4 percent, with foreign investors selling a net 269 million ringgit ($70.7 million), data showed.
Vietnam's benchmark VN Index .VNI was up 0.34 percent at 632.01, the highest close since July 14. Dairy product maker Vinamilk's VNM.HM shares climbed 2.52 percent and PetroVietnam Gas GAS.HM advanced 3.36 percent.
SOUTHEAST ASIAN STOCK MARKETS
Market Current Prev Close Pct Move
Singapore 3356.37 3359.17 -0.08
Kuala Lumpur 1722.44 1729.53 -0.41
Bangkok 1444.66 1447.84 -0.22
Jakarta 4902.85 4906.69 -0.08
Manila 7635.22 7635.62 +0.23
Ho Chi Minh 632.01 629.85 +0.34