ASEAN KEY DESTINATIONS
Daily Market Commentary (Securities)
25 Jul 2014
The FBM KLCI index gained 0.29 points or 0.02% on Friday. The Finance Index increased 0.15% to 17354.11 points, the Properties Index dropped 0.17% to 1502.6 points and the Plantation Index rose 0.31% to 9091.77 points. The market traded within a range of 11.45 points between an intra-day high of 1879.59 and a low of 1868.14 during the session.
Actively traded stocks include SCOMI, TALAMT, HHGROUP, MEXTER-WA, SUMATEC, NOVAMSC, MEXTER, MAS, HUBLINE and JAG. Trading volume decreased to 1706.84 mil shares worth RM1634.43 mil as compared to Thursday’s 2029.61 mil shares worth RM1993.28 mil.
Leading Movers were HLBANK (+2 sen to RM13.98), PPB (+26 sen to RM14.60), FGV (+7 sen to RM4.17), UMW (+18 sen to RM11.88) and PETCHEM (+9 sen to RM6.80). Lagging Movers were TENAGA (-16 sen to RM12.40), IHH (-6 sen to RM4.75), PETDAG (-18 sen to RM19.04), SKPETRO (-4 sen to RM4.30) and PBBANK (-12 sen to RM19.88). Market breadth was positive with 420 gainers as compared to 406 losers.
The KLCI settled marginally higher at 1877.34 points on last minute surge. Trading sentiment was muted as investors were reluctant to take position ahead of the long weekend in conjunction with Hari Raya Aidilfitri. Meanwhile, Heng Huat Resources Group Bhd has made a solid listing debut by surging 24.44%.
Thai bourse encourages 'social investment' for sustainability
BANGKOK, July 28, 2014 - The Stock Exchange of Thailand (SET) has continued to enhance 'social investment' concept among business sector and investors, encouraging them to focus on building financial returns while creating goodness for society, as well as propelling social enterprise to prosper in Thailand.
To materialize the social investment concept, SET together with strategic partners, has continuously kept investors and business sector members well
informed via lectures, special talks, seminars and workshops by prominent Thai and foreign connoisseurs throughout this year.
SET Chairman Sathit Limpongpan said "SET values the social investment as it is a two-fold benefit, giving investment returns plus benefits to society and
environment efficiently and sustainably. This year, SET is strongly committed to providing social investment information for all market participants, by
injecting the importance and type of investments with social responsibility for all stakeholders including listed companies, asset management firms,
institutional and retail investors. The investment could be in the form of investing in social enterprise (SE), or within the business operating with
social responsibility, or any other affiliates with ultimate aim to enhance society for sustainable growth."
"To-date many organizations have added the practice of environmental, social and corporate governance (ESG) into all aspects of business procedure. To speed up momentum, SET has also supported the Thai capital market to increasingly give importance on social valuation at two levels. The first level is enhancing listed companies to be part of Dow Jones Sustainability Indices (DJSI), and another level is emphasizing realization of listed companies in granting funds for SEs, assessing the funds utilization by the results in creating benefits to society on top of company profits. SEs have been set up and operating successfully in Europe, England and Asia, for many decades. With synergy from the private sector, government and high net worth philanthropists, SET is determined to be a driving force behind the success in Thailand. This could come true in several ways such as investing in SE or venture capital, and setting up an SE as a subsidiary. It is a positive sign that there are currently asset management firms setting up social funds focusing on investing social enterprises," Sathit added.
To stimulate the social investment, SET has recently joined hands with partners to hold a forum called "New Investment Opportunities for Sustainable Growth" and "Investing for Sustainability: Pursuing Impact & Profit in Globally Diversified Portfolios" by domestic and international experts in building positive impact to society via investment, sharing experiences in setting up SEs and social funds. More trainings and seminars will be held throughout the year to enlighten understanding on social investment.
As of 26 July 2014
Type Buy Sell Net
Institution 2,680.30 4,620.23 -1,939.93
Proprietary 5,137.82 4,254.88 882.93
Foreign 7,833.33 7,686.24 147.09
Individual 31,810.06 30,900.15 909.91
Total Trading Value 47,461.51 M.Baht
Vietnam index dips near 2-wk low on strong selling
Vietnam's benchmark VN Index dropped 1.78 percent on Monday to close at 589.45 points, the lowest since July 15, as investors sold shares before more declines expected in coming weeks, analysts said.
Strong selling lifted volume to a one-week high level of 112 million shares, with more than 70 percent of stocks losing ground, Reuters data showed.
"The market has reached its peak, and investors offloaded equities ahead of expected further falls," said analyst Do Bao Ngoc of MB Securities, adding that the buying spree ahead of corporate earnings announcements had ended last week.
PetroVietNam Gas, Vietnam's largest listed firm, lost 2.63 percent, and top insurer Baoviet Holdings fell 3.75 percent to close at 41,100 dong ($1.94), near the stock's one-month low.
Here is a snapshot of the VN Index at the close
VN Index 589.45
PREV. CLOSE 600.14
% CHANGE -1.78%
SE Asia Stocks - Thai shares retreat, Philippines near two-week low
Thailand's stock index snapped a two-day rising streak, while the Philippine benchmark slipped to a near two-week closing low amid weak economic data and holidays in Southeast Asia.
The Thai SET index fell 0.37 percent in a range-bound session dampened by trade data for June which showed imports tumbled sharply from a year earlier. I
Players sold recent gainers, including banks , switching to midcaps with strong growth prospects such as chicken exporter GFPT.
The Philippine main index fell 0.6 percent to 6,850.47, the lowest close since July 15. Data showed the country's budget swung back to deficit in June.
Shares of holding firm Alliance Global and property firm Megaworld Corp were among the top losers due to foreign-led selling, according to exchange data.
Vietnam's benchmark VN Index fell 1.8 percent to its lowest since July 15, as investors sold shares before expected declines in the coming weeks, analysts said.
Singapore and Malaysia were closed on Monday. The Philippines will be closed on Tuesday, as will Malaysia. The Indonesian market will be closed for the entire week.
SOUTHEAST ASIAN STOCK MARKETS
Market Current Prev Close Pct Move
TR SE Asia Index* 444.77 445.57 -0.18
Bangkok 1538.13 1543.85 -0.37
Manila 6850.47 6889.55 -0.57
Ho Chi Minh 589.45 600.14 -1.78