ASEAN KEY DESTINATIONS
03 July 2014
The Straits Times Index (STI) ended +11.39 points higher or +0.35% to 3275.3, taking the year-to-date performance to +3.49%.
The FTSE ST Mid Cap Index gained +0.47% while the FTSE ST Small Cap Index gained +0.29%. The top active stocks were DBS (+0.77%), UOB (+1.85%), RH PetroGas (-6.47%), OCBC Bank (+0.11%) and SingTel (-0.26%).
The outperforming sectors today were represented by the FTSE ST Technology Index (+1.01%). The two biggest stocks of the FTSE ST Technology Index are Silverlake Axis (+1.75%) and STATS ChipPAC (+0.81%). The underperforming sector was the FTSE ST Utilities Index, which declined -1.13% with United Envirotech ’s share price declining -1.02% and Hyflux ’s share price declining -1.26%. The FTSE ST Consumer Services Index declined -0.12%. The FTSE ST Real Estate Index gained +0.37%.
The three most active Exchange Traded Funds (ETFs) by value today were the SPDR Gold Shares (-0.26%), IS MSCI India (+0.14%), DBXT AUD SSA Bonds ETF (+1.36%).
The three most active Real Estate Investment Trusts (REITs) by value were CapitaMall Trust (unchanged), Ascendas REIT (+0.43%), Suntec REIT (+1.11%).
The most active index warrants by value today were HSI23800MBeCW140828 (-1.09%), HSI23600MBeCW140730 (-1.25%), HSI23200MBePW140730 (-4.69%).
The most active stock warrants by value today were UOB MB eCW140901 (+27.66%), KepCorp MBeCW141201 (+2.52%), DBS MB eCW140901 (+9.86%).
Singapore Stock Market
*ST Index 3,273.15 +9.24 3,263.91 +21.27
Volume: 2,149.9M 1,927.7M
Value: $1,032.9M $963.4M
Gainers/Losers: 253/169 272/154
Daily Market Commentary (Securities)
3 Jul 2014
The FBM KLCI index gained 1.85 points or 0.10% on Thursday. The Finance Index increased 0.09% to 17255.89 points, the Properties Index up 0.14% to 1445.97 points and the Plantation Index rose 0.15% to 9247.03 points. The market traded within a range of 6.33 points between an intra-day high of 1891.10 and a low of 1884.77 during the session.
Actively traded stocks include MAS, CSL, IRETEX-LA, SUMATEC, KNM-WA, MINETEC, LBALUM, OLYMPIA, KNM and JOHAN. Trading volume decreased to 1600.30 mil shares worth RM1915.38 mil as compared to Wednesday’s 1849.06 mil shares worth RM2007.01 mil.
Leading Movers were UMW (+26 sen to RM11.28), PBBANK (+14 sen to RM19.90), MISC (+9 sen to RM6.59), TENAGA (+8 sen to RM12.46) and ASTRO (+6 sen to RM3.47). Lagging Movers were BAT (-46 sen to RM66.66), PPB (-22 sen to RM14.98), PETGAS (-6 sen to RM24.34), CIMB (-5 sen to RM7.30) and HLFG (-4 sen to RM16.08). Market breadth was negative with 408 gainers as compared to 415 losers.
The KLCI closed marginally higher at 1888.69 points. The flattish performance of our local bourse was in line with regional markets. Investors were reluctant to take position ahead of key U.S. economic data and a meeting of the European Central Bank.
Date As of: 03 July 2014
Description Volume Value Frequency
ETF 11,900 5,435,400 119
Stock 4,735,799,750 5,022,911,974,003 197,743
Warrant 50,502,900 2,392,473,400 1,753
Total 4,786,314,550 5,025,309,882,803 199,615
Thai IPOs remains sound in H1 despite domestic uncertainties
BANGKOK, July 3, 2014 – The Stock Exchange of Thailand (SET) revealed that 17 newly listed companies raised funds through SET and its Market for Alternative Investment (mai) in the half of the year with a combined market capitalization of THB127.14 billion (approx. USD 3.8 billion), although domestic uncertainties have adversely affected the overall investment.
SET’s Executive Vice President Chanitr Charnchainarong said, “From the beginning of June, the Thai economic outlook has shown a brighter prospect. The Thai stock market has been improving and daily trading value has also been increasing, while companies have been continuing to list on both SET and mai. This reinforced the fundamentals that business sector is still confident in the Thai capital market, realizing the significance in fundraising for business expansion, despite lingering concerns on political and economic situations.”
With the positive figures of the first-half IPOs market, SET is on track to achieving its target of THB 210 billion. The 17 IPOs, consisting of nine SET-listed firms, four mai-listed firms, and four property funds, altogether raised THB 52.26 billion; with Thai Hotel Investment Freehold Leasehold property fund (THIF) being the biggest IPO in the first half, having raised THB 26.2 billion. Meanwhile, the market capitalization of these IPOs rose by 32 percent from their IPO market capitalization (as of June). In addition, most of the newly listed companies’ current stock prices are on average 49 percent higher than their IPO prices.
“A positive scenario is apparent as there are nine new securities received approval from the Securities and Exchange Commission (SEC) to be listed on the Thai capital market; moreover, 29 securities have submitted filings to the SEC. On top of this, it is possible that 19 more securities will submit the filings by the year end,” Chanitr added.
As of 3 July 2014 Unit: M.Baht
Type Buy Sell Net
Institution 4,219.89 4,062.60 157.30
Proprietary 3,752.35 4,332.98 -580.63
Foreign 8,449.13 8,003.05 446.08
Individual 24,649.27 24,672.02 -22.75
Total Trading Value 41,070.64 M.Baht
Vietnam index closes near 3-mth high, more gains ahead
Vietnam's benchmark VN Index ended up 1.07 percent on Thursday at 585.02 points, its highest close since April 15, with solid buying likely to boost
stocks in coming weeks.
Volume jumped 22.9 percent from the previous day to 131.5 million shares, according to Reuters data.
Shares of manufacturing, property, financial and energy firms gained.
PetroVietNam Gas , the country's biggest listed firm by capitalisation, advanced 1.83 percent, and dairy product maker Vinamilk rose 1.6 percent to its highest close in nearly two months, Reuters data showed.
Technical calculations combining with steady rises and improved volume showed the index could further gain within one month, possibly reaching its year-high level around 610 points, said analyst Hoang Huy of ACB Securities.
Here is a snapshot of the VN Index at the close
VN Index 585.02
PREV. CLOSE 578.8
% CHANGE 1.07%
SE Asia Stocks -Indonesia ends 3-day rally; Philippine at 13-month high
Indonesian shares snapped three sessions of gains on Thursday amid profit-taking and a weaker rupiah ahead of the presidential election next week,
while Philippine stocks rose for the second day to a 13-month high amid inflows into banking shares.
Jakarta's composite index fell 0.4 percent after hitting its highest level in more than two weeks on Wednesday.
Banking shares, which led the recent rally, fell on foreign-led selling.
Bank Mandiri , the most actively traded stock, dropped 2 percent, erasing gains made over the past three days.
Indonesia posted foreign outflows worth a net 207 billion rupiah ($17.37 million), its first in four days
The Philippine main index closed at a 13-month high of 6,899.31, as banks such as BDO Unibank and Bank of the Philippine Islands <BPI.PS> rose amid foreign buying, stock exchange data showed.
Banks also led gainers on Thailand's key SET index.
The banking subindex was up 0.6 percent, extending Wednesday's gains. The two-day rally made the sector overbought with the 14-day relative strength index ending at 73.38, with a level over 70 considered overbought.
Stocks in Singapore and Malaysia were little changed, in line with Asian stock markets , while Vietnam closed near a three-month high.
SOUTHEAST ASIAN STOCK MARKETS
Market Current Prev Close Pct Move
TR SE Asia Index* 430.60 429.65 +0.22
Singapore 3273.15 3263.91 +0.28
Kuala Lumpur 1888.69 1886.84 +0.10
Bangkok 1493.21 1491.81 +0.09
Jakarta 4888.73 4908.27 -0.40
Manila 6899.31 6850.60 +0.71
Ho Chi Minh 585.02 578.80 +1.07