ASEAN KEY DESTINATIONS
07 July 2015
The Straits Times Index (STI) ended 7.99 points or 0.24% higher to 3340.93, taking the year-to-date performance to -0.72%.
The top active stocks today were Singtel, which gained 1.17%, Global Logistic, which declined 0.40%, UOB, which gained 0.39%, Noble, which closed unchanged and Jardine C&C, with a 2.23% fall.
The FTSE ST Mid Cap Index declined 0.23%, while the FTSE ST Small Cap Index declined 0.24%.
The outperforming sectors today were represented by the FTSE ST Telecommunications Index, which rose 1.12%. The two biggest stocks of the Index - Singtel and StarHub – ended 1.17% higher and 0.76% higher respectively.
The underperforming sector was the FTSE ST Utilities Index, which slipped 2.56%. China Everbright Water shares declined 3.78% and SIIC Environment Holdings declined 5.23%.
The three most active Exchange Traded Funds (ETFs) by value today were:
DBXT CSI300 ETF (-2.18%)
Lyxor China H 10 (-4.15%)
United SSE 50 China ETF (-0.73%)
The three most active Real Estate Investment Trusts (REITs) by value were:
Ascendas REIT (+0.41%)
CapitaLand Mall Trust (+0.92%)
Mapletree Gcc Trust (unchanged)
The most active index warrants by value today were:
The most active stock warrants by value today were:
OCBC Bk MBeCW151201 (-0.81%)
UOB MB eCW151001 (+2.73%)
SGX MB eCW160105 (+15.11%)
Singapore Stock Market
*ST Index 3,340.93 +7.99 3,332.94 -9.79
Volume: 1,190.3M 1,173.8M
Value: $989M $833.1M
Gainers/Losers: 183/238 114/315
Daily Market Commentary (Securities)
7 July 2015
The FBM KLCI index lost 4.75 points or 0.28% on Tuesday. The Finance Index fell 0.39% to 15393.32 points, the Properties Index dropped 0.35% to 1206.9 points and the Plantation Index rose 0.29% to 7441.79 points. The market traded within a range of 9.39 points between an intra-day high of 1718.03 and a low of 1708.64 during the session.
Actively traded stocks include HSI-CO, SCN, CHINA50-H1, CHINA50-C4, CHINA50-C2, VSOLAR, CHINA50-H2, KNM, JAKS and FRONTKN. Trading volume increased to 1692.19 mil shares worth RM1729.60 mil as compared to Monday’s 1543.44 mil shares worth RM1408.73 mil.
Leading Movers were MISC (+20 sen to RM8.10), ASTRO (+7 sen to RM3.03), GENM (+7 sen to RM4.29), DIGI (+6 sen to RM5.55) and BAT (+68 sen to RM63.70). Lagging Movers were PETCHEM (-33 sen to RM6.07), SKPETRO (-10 sen to RM2.31), AMMB (-16 sen to RM5.70), WPRTS (-11 sen to RM4.15) and UMW (-22 sen to RM10.02). Market breadth was negative with 314 gainers as compared to 466 losers.
The KLCI extended its losses at midday, closing lower at 1712.30 points amid overnight weaker performance in US market on heightened risk that Greece may exit the Eurozone. Local sentiment continued to be dented by the decline in Malaysian ringgit.
Thai bourse to boost investor confidence at upcoming Singapore roadshow
BANGKOK, July 7, 2015 - The Stock Exchange of Thailand (SET) has joined hands with DBS Vickers Securities (Thailand) Co., Ltd. to host "The Pulse of Asia Conference", on July 9, 2015 in Singapore with 15 Thai listed companies to present their strengths and potential growth to global institutional investors.
The event is honored to have Deputy Minister of Transport Arkhom Termpittayapaisith to present the government's policies, aiming to give insights of Thailand's infrastructure development direction and gain more confidence on Thailand's economy as well as listed firms' potential.
SET President Kesara Manchusree said that this year's outbound roadshow plan has focused on financial hubs in Europe, USA and Asia as part of SET's fifth decade's direction to attract all investor groups. "The Pulse of Asia Conference" would bring 15 listed companies to present information directly to the fund managers with insightful information, led by the Deputy Transport Minister to highlight significant progress of Thailand's policy, especially the infrastructure megaprojects, accelerating the Thai economy. Significantly, Singapore was Asia's largest foreign holdings of Thai shares, accounting for seven percent of Thai bourse's total market capitalization.
DBS Vickers' CEO Pattera Dilokrungthirapop said that "The Pulse of Asia Conference," one of Singapore's annual grand investment events, showcased potentials and strength of listed firms from various countries in Asia covering China, Hong Kong, Malaysia, Philippines, Singapore and Thailand. The event will be of great value to fund managers, as they can meet top executives of key listed firms in one-on-one meetings and explore how these companies will compete in the international arena.
Thai listed companies with strong performance joining this roadshow are Aeon Thana Sinsap (Thailand) pcl (AEONTS), AP Thailand pcl (AP), Bangkok Airways pcl (BA), BJC Heavy Industries pcl (BJCHI), Charoen Pokphand Foods pcl (CPF), Delta Electronics (Thailand) pcl (DELTA), The Erawan Group pcl (ERW), Group Lease pcl (GL), Minor International pcl (MINT), Muangthai Leasing pcl (MTLS), Plan B Media pcl (PLANB), Samart Corporation pcl (SAMART), Sansiri pcl (SIRI), Tipco Asphalt pcl (TASCO), TRC Construction pcl (TRC), with a combined market capitalization of THB 699 billion (approx. 20.5 billion USD) (as of July, 6 2015).
The next outbound roashow is planned in the United States, after the roadshow was held in London, then Hong Kong-Japan and Singapore.
As of 1 July 2015 Unit: M.Baht Unit: M.Bah
Type Buy Sell Net
Institution 3,905.38 3,393.96 511.41
Proprietary 2,827.82 3,885.27 -1,057.45
Foreign 9,441.78 8,898.60 543.17
Individual 17,202.65 17,199.79 2.87
Total Trading Value 33,377.62 M.Baht
Vietnam index up near 10-month high in higher volume
Vietnam's benchmark VN Index .VNI rose 0.81 percent to close near a 10-month high on Tuesday, lifted by robust trading in top insurer BaoViet Holdings BVH.HM and several other blue-chip shares.
BaoViet ended up 7 percent at 52,000 dong, the highest since June 11, 2013.
The stock has been rising since July 2 after Vietnam's government announced a move to relax foreign ownership curb from September 2015 as well as after a visit to Vietnam by South Korea's Samsung Life Insurance Company 032830.KS last month.
Executives from Samsung group's life insurance arm have expressed interest in BaoViet's plan on BVH share sales as well as the privatisation of the Vietnamese insurer's subsidiaries, Vietnam's finance ministry said in a report on June 30.
Dairy product maker Vinamilk VNM.HM advanced 0.86 percent, lender VietinBank CTG.HM rose 2.46 percent and BIDV BID.HM rallied 5.53 percent to its record high of 26,700 dong ($1.23).
Volume on Tuesday rose to 175.37 million shares, well above the five-day average of 157.93 million, as the index made its fourth consecutive gain to reach the highest since September 2014.
Here is a snapshot of the VN Index .VNI at the close
VN Index 630.27
PREV. CLOSE 625.22
% CHANGE 0.81%
SE Asia Stocks - Thai shares buoyed by new c.bank governor appointment
Thai shares snapped a six-day losing streak on Tuesday as bargain-hunting emerged in oversold banking stocks while the much-anticipated appointment of a new central bank governor further buoyed market sentiment.
The military-led government selected Veerathai Santiprabhob, a former International Monetary Fund economist, to be the governor of the Bank of Thailand for five years, starting Oct.
1, replacing Prasarn Trairatvorakul, who ends his tenure at the end of September.
The Thai SET index .SETI extended gains after the appointment, closing up 0.7 percent on the day after a drop on Monday to a near-seven-month closing low. Shares of Kasikornbank KBANK.BK climbed 1.7 percent.
Foreign investors bought Thai shares worth a net 543 million baht ($16.00 million) after unloading a combined 2.9 billion baht ($85.44 million) over the past two trading days. .
Other markets in Southeast Asa ended little changed.
Indexes in Indonesia .JKSE and Malaysia .KLSE extended declines for a second day. The Philippines .PSI marked a third straight loss after data showed the country's annual inflation in June slowed more than expected.
Singapore's key index .FTSTI rose after a range-bound session, with Vietnam .VNI hitting the highest close since September 2014.
Asian shares fell and European stock and bond markets steadied on Tuesday before a euro zone summit to discuss the Greek debt crisis while a further fall in Chinese shares reminded investors of other dark clouds on the horizon.
SOUTHEAST ASIAN STOCK MARKETS
Market Current Prev Close Pct Move
Singapore 3340.93 3332.94 +0.24
Kuala Lumpur 1712.30 1717.05 -0.28
Bangkok 1483.77 1473.23 +0.72
Jakarta 4906.05 4916.74 -0.22
Manila 7442.65 7455.15 -0.17
Ho Chi Minh 630.27 625.22 +0.81