ASEAN KEY DESTINATIONS
31 July 2014
The Straits Times Index (STI) ended 20.41 points higher or +0.61% to 3374.06, taking the year-to-date performance to +6.61%.
The FTSE ST Mid Cap Index gained +0.11% and the FTSE ST Small Cap Index declined -0.33%. The top active stocks were DBS (+0.77%), CapitaLand (+3.92%), SingTel (+1.75%), OCBC (+0.71 %), UOB (+0.46%).
The outperforming sector today was represented by the FTSE ST Real Estate Holding and Development Index (+1.81%). The two biggest stocks of the FTSE ST Real Estate Holding and Development Index are Hongkong Land Holdings (+1.78%) and Global Logistic Properties (+0.72%). The underperforming sector was the FTSE ST Consumer Goods Index, which declined -0.90% with Wilmar International’s share price declining -0.31% and Thai Beverage’s share price declining -1.60%. The FTSE ST Consumer Services Index declined -0.12%. The FTSE ST Real Estate Index gained +0.74%. The FTSE ST Utilities Index declined -0.03%.
The three most active Exchange Traded Funds (ETFs) by value today were IS MSCI India (-0.13%), SPDR Straits Times Index ETF (+0.29%), DBXT MSCI Indonesia ETF (-1.25%).
The three most active Real Estate Investment Trusts (REITs) by value were Ascendas REIT (unchanged), Suntec REIT (-0.83%), CapitaMall Trust (-0.51%).
The most active index warrants by value today were HSI24400MBeCW140828 (+18.10%), HSI24000MBePW140929 (+2.33%), HSI24200MBeCW140929 (+4.24%).
The most active stock warrants by value today were DBS MB eCW141001 (+8.11%), UOB MB eCW141203 (+3.85%), OCBC Bk MBeCW150202 (+6.14%).
Singapore Stock Market
*ST Index 3,374.06 +20.41 3,353.65 -2.43
Volume: 1,722.2M 1,795.1M
Value: $1,662M $987.9M
Gainers/Losers: 193/256 145/294
Daily Market Commentary (Securities)
31 Jul 2014
The FBM KLCI index lost 6.98 points or 0.37% on Thursday. The Finance Index fell 0.17% to 17342.36 points, the Properties Index dropped 0.20% to 1517.39 points and the Plantation Index down 0.99% to 8972.19 points. The market traded within a range of 15.60 points between an intra-day high of 1882.07 and a low of 1866.47 during the session.
Actively traded stocks include SUMATEC, TALAMT, SUMATEC-WB, IFCAMSC, IFCAMSC-WA, NEXGRAM, ASIAPAC, JAG, MAS and MARCO. Trading volume increased to 2510.93 mil shares worth RM2526.95 mil as compared to Wednesday’s 2117.46 mil shares worth RM2301.23 mil.
Leading Movers were MAXIS (+9 sen to RM6.76), ASTRO (+4 sen to RM3.36), GENM (+5 sen to RM4.40), HLBANK (+8 sen to RM14.12) and SKPETRO (+2 sen to RM4.31). Lagging Movers were FGV (-8 sen to RM4.02), PETCHEM (-13 sen to RM6.64), MISC (-12 sen to RM6.52), PETDAG (-34 sen to RM18.60) and SIME (-14 sen to RM9.50). Market breadth was negative with 349 gainers as compared to 515 losers.
The trading day ended in the red at 1871.36 points (-6.98), as the KLCI reversed earlier gains amid continuing profit taking. Investor sentiments at the local bourse remained bearish from lack of buying catalysts, on-going geopolitical tensions, and credit rating cut on Argentina's foreign currency sovereign debt by Standard & Poor. Regionally, Asian markets were mixed after U.S. reported upbeat economic growth data and the Fed in no hurry to raise interest rates.
Type Buy Sell Net
Institution 5,408.26 6,158.45 -750.19
Proprietary 4,876.20 5,545.86 -669.66
Foreign 10,596.29 11,691.18 -1,094.89
Individual 30,351.21 27,836.47 2,514.74
Total Trading Value 51,231.96 M.Baht
Thai alternative bourse enhances firms via scientific innovative researches
BANGKOK, July 31, 2014 - Market for Alternative Investment (mai), under The Stock Exchange of Thailand (SET) group, has signed a memorandum of understanding (MOU) with mai Listed Companies Association (maiA) and National Science and Technology Development Agency (NSTDA), enabling mai-listed companies to utilize NSTDA's scientific, technology and innovative researches for business advantages.
mai President Prapan Charoenprawatt said "mai realizes the importance of using technology and researches to boost competitiveness of mai-listed companies and small- and medium-sized firms preparing to be listed. In addition, there will be training and seminars organized to boost the firms' potentiality, such as a forum to exchange views, expertise and technical information, for business expansions and competitive advantages. This will also help strengthen Thai economy to grow in quality towards sustainability."
NSTDA President Thaweesak Koanantakool said the cooperation would further promote NSDTA's science, technology and innovation researches to enhance production process development, productivity and value-added economy. One of NSTDA's aims is to boost Thai entrepreneurs' competitiveness by utilizing research-based information for their business insights, ultimately leading the country towards sustainability, ready to grow and compete at international level.
maiA's President Sumeth Lersumitrkul said this cooperation would greatly benefit mai-listed companies entrepreneurs as researches will be more accessible, enabling practical applications to improve products and services, including new product development.
Currently, there are a total 101 companies listed on mai with market capitalization of THB 277 billion (approx. 8.6 billion). The mai index as of July 30, 2014 was at 568.36 points, up 59 percent from end-2013, with daily average trading value at THB 1.66 billion. The bourse celebrated its 15th anniversary in June this year.
Vietnam index ends up 1.1 pct, volume drops
Vietnam's benchmark VN Index closed up 1.1 percent on Thursday, while volume fell as many investors kept to the sidelines awaiting direction.
Volume dropped 20 percent from the previous day to 64.62 million shares, Reuters data showed.
Baoviet Holdings , Vietnam's top insurer, ended up 2.93 percent and PetroVietnam Gas , the country's biggest listed company, closed up 1.8 percent.
"The chance for the market to post a strong growth is relatively rare when strong supportive information from the economy as well as listed companies are absent," Vietcombank
Securities said in a report.
The market could be in an accumulating period or ease slightly in coming sessions and investors should wait instead of joining in to trade, BIDV Securities said in a note to clients.
Here is a snapshot of the VN Index at the close.
VN Index 596.07
PREV. CLOSE 589.33
% CHANGE 1.14%
SE Asia Stocks -Thai shares near 4-wk lows; Philippine marginally down
Thai shares fell to their lowest closing level in almost four weeks on Thursday amid a fall in the local currency and late selloffs in energy stocks,
while the Philippine index erased early gains due to foreign-led selling and before the central bank's interest rate decision.
The SET index closed down 1.1 percent, trimming its gain on the month to 1.1 percent. Shares of the country's top two energy firms, PTT and PTT Exploration and Production , fell more than 2 percent each.
"We had a bit of negative sentiment building up late in the day, including a weaker baht and selling in energy shares related to global oil prices," said Koraphat Vorachet, a strategist with Nomura Pattanasin, as brent crude slipped below $106 a barrel.
The baht led daily losses among emerging Asian currencies on renewed worries about a recession in the second quarter while the Bank of Thailand insisted that economic activity "likely" picked up in the quarter.
The Philippine index eased 0.04 percent after an early modest rise and a net foreign selling worth 229 million pesos ($5.25 million), stock exchange data showed.
It posted a 0.3 percent gain on the month, among the region's worst performers.
Interest rate-sensitive stocks had a mixed performance, with property firm Ayala Land up 0.5 percent, Metropolitan Bank and Trust rising 0.8 percent and Bank of the Philippine Islands down 0.5 percent.
The Philippine central bank raised its main interest rate on Thursday for the first time in three years to tame price pressures and left the door open for further tightening, saying its inflation targets for this year and next were "at risk".
The announcement came after market hours.
SOUTHEAST ASIAN STOCK MARKETS
Market Current Prev Close Pct Move
TR SE Asia Index* 440.16 442.62 -0.57
Singapore 3374.06 3353.65 +0.61
Kuala Lumpur 1871.36 1878.34 -0.37
Bangkok 1502.39 1518.79 -1.08
Manila 6864.82 6867.59 -0.04
Ho Chi Minh 596.07 589.33 +1.14