ASEAN KEY DESTINATIONS
11 June 2014
The Straits Times Index (STI) ended 3.78 points lower or -0.11% to 3290.04, taking the year-to-date performance to +3.95%.
The FTSE ST Mid Cap Index declined -0.15% and the FTSE ST Small Cap Index declined -0.51%. The top active stocks were Global Logistic (-3.26%), DBS (-0.12%), SingTel (unchanged), UOB (-0.22%), Mirach Energy (+14.75%).
The outperforming sector today was represented by the FTSE ST Technology Index (+2.34%). The two biggest stocks of the FTSE ST Technology Index are Silverlake Axis (+4.72%) and STATS ChipPAC (+4.00%). The underperforming sector was the FTSE ST Consumer Goods Index, which declined -0.94% with Thai Beverage’s share price declining -2.36% and Wilmar International’s share price remaining unchanged. The FTSE ST Telecommunications Index gained +0.03%. The FTSE ST Oil & Gas Index gained +0.06%.
The three most active Exchange Traded Funds (ETFs) by value today were IS MSCI India (unchanged), SPDR Gold Shares (+0.51%), DBXT MSCI Indonesia ETF (+0.78%).
The three most active Real Estate Investment Trusts (REITs) by value were Suntec REIT (+0.55%), CapitaCommercial Trust (+0.30%), Ascendas REIT (-0.43%).
The most active index warrants by value today HSI23200MBePW140730 (+3.82%), HSI23600MBeCW140730 (-6.25%), HSI23400UBeCW140828 (+0.97%).
The most active stock warrants by value today were DBS MB eCW140901 (unchanged), DBS MB eCW140905 (-2.73%), UOB MB eCW140901 (-6.03%).
Singapore Stock Market
*ST Index 3,290.04 -3.78 3,293.82 -11.38
Volume: 2,568.2M 2,868.5M
Value: $1,058.3M $944.6M
Gainers/Losers: 160/260 209/224
Daily Market Commentary (Securities)
11 Jun 2014
The FBM KLCI index gained 1.77 points or 0.09% on Wednesday. The Finance Index increased 0.00% to 17194.74 points, the Properties Index up 0.45% to 1421.02 points and the Plantation Index rose 0.10% to 9251.66 points. The market traded within a range of 6.32 points between an intra-day high of 1879.91 and a low of 1873.59 during the session.
Actively traded stocks include MAS, ETITECH, HUBLINE, OLYMPIA, SEAL, XINGHE, SONA-WA, SONA, SKPRES-WA and IDMENSN. Trading volume increased to 1386.75 mil shares worth RM1712.29 mil as compared to Tuesday’s 1267.87 mil shares worth RM1825.22 mil.
Leading Movers were BAT (+86 sen to RM63.86), SKPETRO (+13 sen to RM4.17), HLFG (+8 sen to RM15.90), TM (+6 sen to RM6.26) and ASTRO (+5 sen to RM3.66). Lagging Movers were PETGAS (-20 sen to RM24.50), PETDAG (-16 sen to RM23.94), UMW (-6 sen to RM10.74), HLBANK (-6 sen to RM13.90) and GENM (-4 sen to RM4.25). Market breadth was positive with 484 gainers as compared to 316 losers.
The FBM KLCI reversed its mid-day losses by ending 1.77 points higher at 1878.38, despite the absence of fresh leads. The performance of our benchmark index was lifted by gains in BAT and Sapura Kencana.
Date As of: 11 June 2014
Description Volume Value Frequency
ETF 11,200 5,984,600 103
Stock 3,638,929,807 4,739,353,347,515 193,193
Right 372,200 19,980,000 35
Warrant 28,331,300 1,426,386,700 1,050
Total 3,667,644,507 4,740,805,698,815 194,381
Thai bourse market report for May
- Daily average trading volume up 32.2 pct month-on-month to USD 1.29
- Market cap at USD 396 billion, up 10.23 pct from end-2013
- Derivatives trading up 1.5 times month-on-month at 137,261 contracts per
BANGKOK, June 11, 2014 - The Stock Exchange of Thailand (SET) securities trading value in May rose from a month ago, but dropped from a year earlier, while foreign investors were net sellers of Thai shares worth USD 1.12 billion, mainly due to domestic political situation. However, after the National Council for Peace and Order (NCPO) took control of administrative power in Thailand on May 22 and announced the economic roadmap to help boost the economy on May 26, such as the controversial rice pledging scheme payment management and infrastructure investment, investor confidence has been restored in drawing funds back to the Thai market in the last week of May. This was led by institutional investors and retail investors.
The SET main index ended May at 1,415.73 points, up 9.01 percent from end-2013.
Foreign investors reversed to be net sellers in May, selling THB 35.78 billion (approx. USD 1.1 billion). They sold a net THB 40.54 billion (approx. USD 1.23 billion) of Thai stocks in the first five months of 2014.
Combined average daily trading value of SET and Market for Alternative Investment (mai) was at THB 41.26 billion (USD 1.29 billion), up 32.2 percent from a month ago, and down 29.6 percent from a year earlier, while daily trading volume of derivatives rose 1.5 times from a month ago at 137,261 contracts per day, mainly due to reducing the existing SET50 futures to be one-fifth.
Key highlights for May
- Market capitalization of SET was at THB 12.67 trillion (USD 396 billion), up 10.23 percent from the end of 2013, while market valuation of mai was at THB 204.67 billion (USD 6.40 billion), up 15.4 percent.
- The forward P/E ratio for SET was at 13.75 times, up from 13.66 a month ago, while mai's forward P/E ratio increased month-on-month to 20.71, from 16.60.
- The dividend yield of SET remained at 3.26 percent, same as in April, while mai's was down at 1.69 percent.
- Foreign investors were net sellers in May, selling a net USD 1.1 billion. From January this year, they have sold a net USD 1.23 billion.
- Listed companies raised funds through equity worth a combined THB 2.92 billion (USD 91.28 million) in May, of which THB 2.10 billion was raised from an initial public offering (IPO) of 2 companies and THB 818 million from the secondary market.
- Derivatives trading volume jumped 1.5 times in May from a month earlier to an average of 137,261 contracts per day, mainly due to the launch of mini SET50 Futures on May 6, designed to reduce its contract size to be one-fifth of the current SET50 futures, as well as an increase in the trading volume of single stock futures.
- Night trading session of commodity futures accounted for 53.47 percent of the total trading volume, up from 47.78 percent in April.
As of 11 June 2014 Unit: M.Baht
Type Buy Sell Net
Institution 6,022.76 6,646.94 -624.18
Proprietary 6,276.47 5,876.63 399.84
Foreign 11,344.48 11,517.67 -173.20
Individual 41,115.97 40,718.43 397.54
Total Trading Value 64,759.68 M.Baht
Vietnam index ends up 0.6 pct; banks, property lead
HANOI, June 11 - Vietnam's benchmark VN Index posted the fourth consecutive rise on Wednesday, gaining 0.61 percent as money poured into banking and real estate shares late in the session.
Almost all bank shares advanced, led by Vietnam's biggest listed lender by market capitalisation Vietcombank which rose 1.75 percent.
Real estate firm HAGL also advanced 1.24 percent.
Trading picked up near the session's close after a slow and cautious trade in the morning, but the overall volume was moderate at 85 million shares, slightly above the five-day average value of 79 million, Reuters data showed.
It is unlikely that the index would gain strongly in coming sessions, as cautious investors could take profits soon, analysts said.
Here is a snapshot of the VN Index at the close
VN Index 570.36
PREV. CLOSE 566.89
% CHANGE 0.61%
SE Asia Stocks -Mixed; large-cap telecoms lead Thai decline
Thai stocks fell on Wednesday as investors sold shares of top telecoms operators Advanced Info Service (AIS) and Total Access Communication
in favour of True Corp , following its fund raising plan and a possible rating upgrade by Moody's.
Credit rating agency Moody's Investors Service said it is reviewing its rating on True Corp for a possible upgrade, citing a capital raising plan through a rights offering and a private placement to China Mobile.
"This transaction, if successful, would help the company to significantly improve its leverage and restore its equity base," assistant vice president and analyst Yoshio Takahashi said in a report.
Shares in True Corp, Thailand's no. 3 telecoms firm, jumped 5.6 percent to 8.5 baht, their highest close since Dec. 20. AIS shares lost 2.6 percent and the Total Access stock dropped 4.9 percent, both hovering around two-month lows.
The benchmark SET index ended down 0.4 percent at 1,463.71. It earlier hit a near 8-month high, reflecting optimism about the military government's policy to revive domestic consumption and investment, brokers said.
The government has approved a state budget plan for the next fiscal year starting Oct. 1, with spending projected at 2.575 trillion baht ($79.23 billion), up 2 percent from the current year.
Other share markets in the region ended mixed, with Singapore's key Straits Times Index down 0.1 percent, in line with broader Asia. MSCI's broadest index of Asia-Pacific shares outside Japan dipped 0.03 percent.
Philippine shares rose 0.5 percent to a near three-week high amid active buying in banking stocks, led by BDO Unibank.
The market recorded net foreign inflows of 901 million pesos ($20.58 million).
Malaysia stocks ended up 0.09 percent as foreign investors bought shares worth a net 102 million ringgit ($31.8 million) while retail investors and local institutions sold shares. Malaysia's weak industrial production in April weighed on early sentiment.
Indonesia rose 0.5 percent to a two-week high of 4,971.95. Shares of Astra International gained almost 2 percent after industry data showed strong motorbike sales in May, reflecting robust domestic demand.
Vietnam's benchmark VN Index posted its fourth consecutive gain, rising 0.61 percent as funds poured into banking and real estate shares.
SOUTHEAST ASIAN STOCK MARKETS
Market Current Prev Close Pct Move
TR SE Asia Index* 427.46 427.68 -0.05
Singapore 3290.04 3293.82 -0.11
Kuala Lumpur 1878.38 1876.61 +0.09
Bangkok 1463.71 1469.19 -0.37
Jakarta 4971.95 4946.09 +0.52
Manila 6809.18 6777.98 +0.46
Ho Chi Minh 570.36 566.89 +0.61