ASEAN KEY DESTINATIONS
30 July 2014
The Straits Times Index (STI) ended 2.43 points lower or -0.07% to 3353.65, taking the year-to-date performance to +5.96%.
The FTSE ST Mid Cap Index declined -0.29% and the FTSE ST Small Cap Index declined -0.65%. The top active stocks were OCBC (+1.54 %), DBS (+0.28%), SingTel (unchanged), UOB (+0.29%), Keppel Corp (-0.54%).
The outperforming sector today was represented by the FTSE ST Financials Index (+0.20%). The two biggest stocks of the FTSE ST Financials Index are DBS Group Holdings (+0.28%) and UOB (+0.29%). The underperforming sector was the FTSE ST Health Care Index, which declined -1.49% with Raffles Medical Group’s share price declining -1.01% and Biosensors International Group’s share price declining -2.29%. The FTSE ST Consumer Services Index declined -0.28%. The FTSE ST Real Estate Index declined -0.18%. The FTSE ST Utilities Index declined -1.09%.
The three most active Exchange Traded Funds (ETFs) by value today were ISHARES USD Asia HY BOND ETF (-0.81%), IS MSCI India (+0.41%), DBXT MSCI Philippines ETF (-0.60%).
The three most active Real Estate Investment Trusts (REITs) by value were CapitaMall Trust (-1.49%), Suntec REIT (-0.28%), CapitaCommercial Trust (+0.90%).
The most active index warrants by value today were HSI24000MBePW140929 (-7.53%), HSI24400MBeCW140828 (+12.62%), HSI24200MBeCW140929 (+5.10%).
The most active stock warrants by value today were OCBC Bk MBeCW150302 (+7.41%), UOB MB eCW141203 (unchanged), KepCorp MBeCW141201 (-8.15%).
Singapore Stock Market
*ST Index 3,353.65 -2.43 3,356.08 +5.91
Volume: 1,795.1M 1,394.8M
Value: $987.9M $984.7M
Gainers/Losers: 145/294 194/253
Daily Market Commentary (Securities)
30 Jul 2014
The FBM KLCI index gained 1.00 points or 0.05% on Wednesday. The Finance Index increased 0.10% to 17371.45 points, the Properties Index up 1.19% to 1520.48 points and the Plantation Index down 0.33% to 9061.64 points. The market traded within a range of 8.83 points between an intra-day high of 1886.39 and a low of 1877.56 during the session.
Actively traded stocks include PDZ, L&G, IRETEX-LA, MAS, SUMATEC, TALAMT, IFCAM SC-WA, DGB, ZELAN and L&G-LA. Trading volume increased to 2117.46 mil shares worth RM2301.23 mil as compared to Friday’s 1706.84 mil shares worth RM1634.43 mil.
Leading Movers were PPB (+40 sen to RM15.00), GENM (+7 sen to RM4.35), KLCC (+8 sen to RM6.45), AXIATA (+5 sen to RM6.94) and DIGI (+4 sen to RM5.73). Lagging Movers were FGV (-7 sen to RM4.10), TM (-7 sen to RM6.30), MAXIS (-6 sen to RM6.67), IHH (-4 sen to RM4.71) and PETDAG (-10 sen to RM18.94). Market breadth was positive with 461 gainers as compared to 408 losers.
On first trading day post Hari Raya, the market closed in the black at 1878.34 points (+1.00).The local bourse erased some of its early morning gains throughout the trading day amid some mild profit taking. Investor sentiments remained cautious as investors await the release of key U.S. second quarter growth figures, alongside the results of the U.S. Federal Reserve meeting that has many anticipating a more hawkish policy outlook. Regionally, Asian markets extended a six and a half year high, while the Dollar held strong against the Euro, even at a time of growing geopolitical tensions and increased sanctions on Russia.
As of 30 July 2014 Unit: M.Baht
Type Buy Sell Net
Institution 5,665.63 8,047.06 -2,381.42
Proprietary 6,159.93 6,020.80 139.12
Foreign 2,417.07 14,089.48 -1,672.41
Individual 41,801.92 37,887.21 3,914.71
Total Trading Value 66,044.55 M.Baht
Vietnam index ends down 0.5 pct; FLC up on earnings
Vietnam's benchmark VN Index closed down 0.49 percent on Wednesday, with shares of property firm FLC Group Co <FLC.HM> bucking the trend on solid corporate results.
The Hanoi-based property firm posted a net profit of 177 billion dong ($8.3 million) in the first half of this year, or 51 percent of its annual target, it said on Wednesday.
FLC shares rose 3.2 percent to its highest close since April 14, with volume accounting for 30 percent of the total shares traded on Wednesday, Reuters data showed.
"Investors tend to trade on stocks with high liquidity for quick profits when the market trend is unclear," said analyst Tran Thang Long of BIDV Securities.
The index is likely to hover around the current level or fall in coming weeks, analysts said, adding that Moody's upgrading its credit rating for Vietnam on Tuesday did not have any immediate effect on the market.
Here is a snapshot of the VN Index at the close
VN Index 589.33
PREV. CLOSE 592.24
% CHANGE -0.49%
SE Asia Stocks - Thai shares fall; Singapore, Vietnam range-bound
Stocks in Singapore and Vietnam were range-bound on Tuesday, with the strength in Asian markets lifting overall sentiment, while construction shares in Thailand pulled down the main index as investors awaited details of the government's infrastructure plan.
Investors in Bangkok's SET index weighed in a possible delay in the decision of the junta's investment plan for infrastructure projects, which markets expect to be worth about 2.4 trillion baht ($75.47 billion) over seven years from 2015.
The National Council for Peace and Order holds a weekly meeting with key ministries, including the Ministry of Transport, on Tuesday.
The market saw a bout of selling in recent gainers such as contractors Ch Karnchang , Italian Thai Development and Sino Thai Engineering and Construction .
The SET index fell 0.5 percent, extending the falls of the past two sessions. Developer Sansiri plunged 12 percent after announcing a rights issue, which would dilute the existing share base.
Investors were expected to take a pause ahead of key macroeconomic events in the United States, such as the meeting of the Federal Reserve and GDP data, brokers said.
"The Fed seems to be the most important this week. Market may tread water until seeing the results," strategists at broker KGI Securities wrote in a report.
Fed officials could make subtle yet telling changes to their policy statement this week, as they buy more time to evaluate U.S. economic strength and plan how and when to eventually raise interest rates.
Singapore's Straits Times Index edged higher, resuming trade after a market holiday on Monday.
Vietnam's VN Index added 0.13 percent, with dairy products maker Vinamilk rising after a dividend payment plan.
Asian shares touched fresh three-year highs on Tuesday as investors in the region drew encouragement from a rally in Chinese markets, though caution was widespread given the torrent of U.S. economic news still to come this week.
The Philippines and Malaysia are shut for a market holiday, and will reopen on Wednesday. Indonesia is closed through the week.
SOUTHEAST ASIAN STOCK MARKETS
Market Current Prev Close Pct Move
TR SE Asia Index* 444.27 444.76 -0.11
Singapore 3356.74 3350.17 +0.19
Bangkok 1530.56 1538.13 -0.49
Ho Chi Minh 590.20 589.45 +0.13