ASEAN KEY DESTINATIONS
07 July 2014
The Straits Times Index (STI) ended +19.32 points higher or +0.59% to 3291.57, taking the year-to-date performance to +4.00%.
The FTSE ST Mid Cap Index declined -0.25% while the FTSE ST Small Cap Index gained +0.16%. The top active stocks were UOB (+0.94%), DBS (+0.47%), SingTel (+0.78%), Global Logistic (+0.74%) and OCBC Bank (-0.11%).
The outperforming sectors today were represented by the FTSE ST Industrials Index (+1.04%). The two biggest stocks of the FTSE ST Industrials Index are Jardine Matheson Holdings (+2.02%) and Jardine Strategic Holdings (+2.52%). The underperforming sector was the FTSE ST Technology Index, which declined -0.74% with Silverlake Axis’ share price declining -2.55% and STATS ChipPAC ’s share price declining -0.80%. The FTSE ST Consumer Services Index gained +0.50%. The FTSE ST Real Estate Index declined -0.11%. The FTSE ST Utilities Index gained +0.76%.
The three most active Exchange Traded Funds (ETFs) by value today were the IS MSCI India (+1.08%), SPDR Gold Shares (-0.61%), DBXT FTSE Vietnam ETF (+1.16%).
The three most active Real Estate Investment Trusts (REITs) by value were CapitaMall Trust (-0.26%), Ascendas REIT (unchanged), Mapletree Greater China Commercial Trust (+1.13%).
The most active index warrants by value today were HSI23800MBeCW140828 (-4.49%), HSI23600MBeCW140730 (-9.21%), HSI23200MBePW140730 (-6.67%).
The most active stock warrants by value today were DBS MB eCW141201 (unchanged), DBS MB eCW140901 (-3.61%), UOB MB eCW140901 (+5.71%).
Singapore Stock Market
*ST Index 3,291.57 +19.32 3,272.25 -0.9
Volume: 1,407M 2,067.4M
Value: $727.2M $863M
Gainers/Losers: 207/218 237/197
Daily Market Commentary (Securities)
7 Jul 2014
The FBM KLCI index gained 7.59 points or 0.40% on Monday. The Finance Index increased 0.74% to 17346.63 points, the Properties Index up 0.59% to 1458.62 points and the Plantation Index down 0.10% to 9220.44 points. The market traded within a range of 9.43 points between an intra-day high of 1894.72 and a low of 1885.29 during the session.
Actively traded stocks include TALAMT, IRETEX-LA, JAKS, HUBLINE, BJCORP, HOVID-WB, CSL-WA, FRONTKN, SUMATEC and ASIAPAC. Trading volume increased to 1801.00 mil shares worth RM2163.00 mil as compared to Friday’s 1706.97 mil shares worth RM1652.87 mil.
Leading Movers were RHBCAP (+15 sen to RM8.70), IHH (+8 sen to RM4.57), CIMB (+9 sen to RM7.26), HLFG (+18 sen to RM16.28) and UMW (+10 sen to RM11.32). Lagging Movers were KLCCP (-12 sen to RM6.45), BAT (-42 sen to RM67.00), ASTRO (-2 sen to RM3.37), FGV (-2 sen to RM4.16) and ASTRO (-2 sen to RM3.37). Market breadth was positive with 491 gainers as compared to 357 losers.
The KLCI surged to a record closing of 1892.5 points in the first trading day of the week, underpinned by strong gains in banking counters including CIMB, RHB Cap and Hong Leong Finance Group while bucking the losses in most of regional peers that were dragged down by the speculation that strong labor market will lead Federal Reserve to raise interest rate sooner than expected.
Date As of: 07 July 2014
Description Volume Value Frequency
ETF 47,200 30,210,900 403
Stock 6,918,048,139 7,944,206,445,633 224,016
Right 40,993,200 42,617,000 106
Warrant 47,441,757 2,123,952,151 1,910
Total 7,006,530,296 7,946,403,225,684 226,435
Thai bourse lists Pinthong Industrial Park property fund on July 8
BANGKOK, July 7, 2014 - The Stock Exchange of Thailand (SET) will list Pinthong Industrial Park Property Fund, managed by SCB Asset Management Co., Ltd., worth THB 2.25 billion (approx. USD 69.0 million), on its main board on July 8, under the ticker "PPF".
Paveena Sriphothong, SET senior vice president, said that PPF would list and start trading on the Thai bourse's Property Fund & REITs sector on July 8. The property fund sold 224.51 million units via an initial public offering (IPO) at THB 10 per unit, with total value of THB 2.25 billion, during June 12 - 20.
PPF invests in freehold ownership on land and 90 units of factories and warehouses, as well as multipurpose areas and rental buildings located in Pinthong Industrial Estate, Pinthong Industrial Estate (Laem Chabang) and Pinthong Industrial Estate (Project 3), Si Racha district, Chonburi province.
The property, transferred from Pinthong Inustrial Park Co., Ltd. and PIP Land and Factory Co., Ltd., are located in the land distribution center and its major tenants are automobile manufacturers. In addition, the property is managed by Pinthong Industrial Park Co., Ltd. with over 18-year experience in developing such specific properties as factory and warehouse.
Smith Banomyong, SCB Asset Management president, said Pinthong Industrial Park Co., Ltd. and PIP Land and Factory Co., Ltd. have agreed to guarantee the occupancy by paying rental fee for the vacant space for three years starting from the registration date of transfer, or until the space is occupied by any single tenant, in order to secure confidence for unit holders.
PPF is a closed-end specific property fund with no maturity. Its dividend policy is to pay no less than twice a year at 90 percent of adjusted net profit of its financial year. The fund's top three unit holders after its IPO are Pinthong Industrial Park Co., Ltd. (30 percent), Bangkok Life Assurance pcl (8.91
percent) and Social Security Office (8.91 percent).
As of 7 July 2014 Unit: M.Baht
Type Buy Sell Net
Institution 4,202.10 4,004.96 197.14
Proprietary 2,605.90 3,213.17 -607.27
Foreign 8,972.93 7,258.74 1,714.20
Individual 21,552.31 2,856.38 -1,304.07
Total Trading Value 37,333.25 M.Baht
Vietnam index ends near 3-mth high, Vingroup leads
Vietnam's benchmark VN Index closed up 0.23 percent on Monday at 590.69 points, the highest since April 14, led by gains in property firm Vingroup following news on its 2013 dividend payments.
The Hanoi-based firm will pay 2,149 dong (10 U.S. cents) per share, or 21.49 percent of the share's face value, and another 48.7 percent by stocks under its 2013 dividend payment in the third quarter of this year, Vingroup said in a shareholders' report seen by Reuters.
VIC shares closed up 6.77 percent at 71,000 dong each, the highest since April 8, Reuters data showed.
But profit taking in mid-cap and penny stocks as well as losses in big-cap shares, including Vietnam's top firm by market value PetroVietNam Gas , trimmed gains in early trade, said deputy manager Nguyen Tuan of An Binh Securities.
GAS ended down 1.79 percent on Monday.
Here is a snapshot of the VN Index at the close
VN Index 590.69
PREV. CLOSE 589.35
% CHANGE 0.23%
SE Asia Stocks -Indonesia posts best gain since April; Malaysia at all-time high
Indonesian shares posted their best gain in three months on Monday amid a rise in the rupiah and inflows into large-caps while the Malaysian benchmark hit an all-time closing high, with banking shares leading the pack.
Foreign investors cautiously built positions in equities again, with the presidential election just two days away. They were net buyers of big-caps such as Telkom Indonesia and Bank Rakyat Indonesia.,
The Indonesian stock market recorded its first net foreign buying in three days, bringing in a net 760.6 billion rupiah ($65.04 million). It saw a fall in inflows to $234 million in May, a third of the month earlier, amid election uncertainty.
Jakarta's composite index closed up 1.7 percent, recording its biggest gain since April 1, while the rupiah extended gains to a five-week high.
Kuala Lumpur's composite index rose 0.4 percent to a record close of 1,892.50, amid active buying in shares of Maybank and Public Bank , with interest rates seen on the rise.
Malaysia's central bank is expected to raise its key interest rate to 3.25 percent at a policy meeting on Thursday, a Reuters poll showed.
The Philippines recorded inflows worth a net 901 million pesos ($20.72 million) with foreign buying in shares such as Bank of the Philippine Islands and property shares including Megaworld .
In Bangkok, the SET index closed above a psychological level of 1,500, helped by a 2.2 percent jump in shares of top energy firm PTT and foreign inflows worth a net 1.7 billion baht ($30.86 million).
Singapore posted a fifth straight gain while Vietnam ended near a three-month high.
SOUTHEAST ASIAN STOCK MARKETS
Market Current Prev Close Pct Move
TR SE Asia Index* 435.97 432.40 +0.83
Singapore 3291.57 3272.25 +0.59
Kuala Lumpur 1892.50 1884.91 +0.40
Bangkok 1503.21 1495.83 +0.49
Jakarta 4989.03 4905.83 +1.70
Manila 6999.10 6962.28 +0.53
Ho Chi Minh 590.69 589.35 +0.23