ASEAN KEY DESTINATIONS
04 July 2013
The Straits Times Index (STI) ended 17.63 points higher or +0.56% higher to 3,147.12, taking the year-to-date performance to -0.63%.
The FTSE ST Mid Cap Index gained +0.39% while the FTSE ST Small Cap Index gained +0.69%.
The top active stocks were SingTel (unchanged), Mirach Ener (+6.78%), DBS (+1.48%), GLP (+3.27%) and Kep Corp (+0.97%).
The outperforming sector today was represented by the FTSE ST Utilities Index which gained +2.58%. The two biggest stocks of the Utilities Index are United Envirotech (+4.44%) and Hyflux (+1.19%). The underperforming sector, FTSE ST Consumer Goods, gained +0.05% with Wilmar International declining -0.95% and Golden Agri declining -0.89%. The FTSE ST Health Care Index gained +0.78% and the FTSE ST Industrials Index gained +0.40%.
The three most active Exchange Traded Funds (ETFs) by value today were SPDR GOLD SHARES (+0.39%), IS MSCI INDIA 100 (+0.35%) and CIMB FT ASEAN 40 100 S$ (-0.59%).
The three most active Real Estate Investment Trusts (REITs) by value were SuntecReit (+1.91%), Ascendasreit (+0.89%) and Kep REIT (unchanged).
The most active index warrants by value today were HSI20400MBeCW130829 (+12.80%), HSI20200MBePW130829 (-12.42%) and HSI20400MBeCW130829 (+20.31%).
The most active stock warrants by value today were DBS MB eCW130910 (+18.97%), UOB BP ePW131002A (unchanged) and KepCorp MBeCW130902 (+10.29%).
Singapore Stock Market
*ST Index 3,147.12 +17.63 3,129.49 -43.83
Volume: 1,507.4M 1,981M
Value: $794.8M $1,170.5M
Gainers/Losers: 289/138 111/327
Daily Market Commentary (Securities)
4 July 2013
The FBM KLCI index gained 2.13 points or 0.12% on Thursday. The Finance Index increased 0.23% to 16990.49 points, the Properties Index up 0.84% to 1365.02 points and the Plantation Index rose 0.21% to 8392.42 points. The market traded within a range of 5.84 points between an intra-day high of 1774.66 and a low of 1768.82 during the session.
Actively traded stocks include LUSTER, INGENCO, IDMENSN, TA, JAKS, CSL, TAGB, LUSTER-WB, KPS and DVM. Trading volume decreased to 1175.76 mil shares worth RM1578.75 mil as compared to Wednesday’s 1247.18 mil shares worth RM2102.55 mil.
Leading Movers were KLK (+18 sen to RM21.64), BAT (+8 sen to RM59.40), GENM (+7 sen to RM3.94), HLBANK (+6 sen to RM13.90) and PBBANK (+4 sen to RM17.02). Lagging Movers were PETDAG (-38 sen to RM25.80), PETGAS (-20 sen to RM20.90), RHBCAP (-4 sen to RM8.46), HLFG (-2 sen to RM14.58) and TM (-2 sen to RM5.39). Market breadth was positive with 487 gainers as compared to 221 losers.
The KLCI halted its successive losses in the previous days and finished at 1771.34 points today. The positive gain was in tandem with the US market, which closed modestly higher on Wednesday. However, the ongoing concern on the political turmoil in Egypt and Portugal is still keeping investors sidelined, while on the flip side the decline of jobless claims in US suggested that the prospects of economic growth have improved.
As of 04 Jul 2013 Unit: M.Baht
Type Buy Sell Net
Institution 3,642.88 6,041.79 -2,398.91
Proprietary 7,754.46 7,599.95 154.52
Foreign 8,661.66 8,671.01 -9.35
Individual 24,153.08 21,899.33 2,253.75
Total Trading Value 44,212.08 M.Baht
STOCKS NEWS INDONESIA-Macquarie cuts Bank Negara Indonesia target price
Macquarie Research slashed its target price on shares of state-owned lender PT Bank Negara Indonesia Tbk to 4,200 rupiah from 4,700 on weaker earnings and a higher risk-free rate of 7 percent from 5.3.
"A combination of higher yields in the United States, portfolio outflows, weaker rupiah, and higher inflationary pressure is likely to keep the government bond yields at the current level of 7 percent in our view," Macquarie analyst Nicolaos Oentung said in a note on Thursday.
The research house maintained its "neutral" rating on the stock, saying a tighter liquidity environment and weaker macro outlook will reduce Bank Negara Indonesia's ability to manage its liabilities as aggressively as in the past.
Shares of the lender fell 3 percent to 3,950 rupiah, underperforming a 0.15 percent rise in the broader index
Vietnam's VN Index closed down 0.03 percent on Thursday in low liquidity as investors stayed on the sidelines awaiting companies' half-year
performance results, traders said.
Shares in steel producer Hoa Phat Group fell 1.8 percent. Big real estate firms VinGroup and Hoang Anh Gia Lai dropped 0.8 and 0.5 percent respectively after
posting gains during morning trade.
FPT Corp shares bucked that trend, ending up 1.9 percent after foreign investors bought in on the company's announcement to the exchange that it would issue more than 1.35
million new shares via an employee stock ownership plan.
VN Index 487.22
PREV. CLOSE 487.35
% CHANGE -0.03%
Thai stocks closed at their lowest in more than one week on Thursday due to late selling in banking shares and market large caps such as Kasikornbank Pcl and Siam Cement Pcl while others in the region ended off the day's highs.
Bangkok's SET index fell 0.9 percent to 1,430.88, the lowest close since June 26, extending Wednesday's 1.4 percent drop.
Stocks in Indonesia, Malaysia and Singapore posted limited gains while Philippine shares and Vietnamese stocks both finished in negative territory.
The region saw light trading volume amid concerns over political turmoil in Portugal and investor caution ahead of key events including Friday's U.S. jobs data.
SOUTHEAST ASIAN STOCK MARKETS
Change on day
Market Current Prev Close Pct Move
TR SE Asia Index* 423.96 423.33 +0.15
Singapore 3147.12 3129.49 +0.56
Kuala Lumpur 1771.34 1769.21 +0.12
Bangkok 1430.88 1443.57 -0.88
Jakarta 4581.93 4577.15 +0.10
Manila 6464.26 6480.12 -0.24
Ho Chi Minh 487.22 487.35 -0.03
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