ASEAN KEY DESTINATIONS
13 June 2016
The Straits Times Index (STI) ended 37.54 points or 1.33% lower to 2785.43, taking the year-to-date performance to -3.38%.
The top active stocks today were DBS, which declined 1.45%, SingTel, which declined 1.03%, OCBC Bank, which declined 2.42%, UOB, which declined 1.67% and CapitaLand, with a 1.32% fall.
The FTSE ST Mid Cap Index declined 1.16%, while the FTSE ST Small Cap Index declined 1.10%.
The outperforming sectors today were represented by the FTSE ST Basic Materials Index, which closed unchanged. The two biggest stocks of the Index - Midas Holdings and Geo Energy Resources – both ended the trading day unchanged.
The underperforming sector was the FTSE ST Oil & Gas Index, which slipped 3.05%. Keppel Corp shares declined 3.40% and Sembcorp Industries declined 1.74%.
The three most active Exchange Traded Funds (ETFs) by value today were:
SPDR Gold Shares (+1.53%) iShares USD Asia HY Bond ETF (unchanged)STI ETF (-1.39%)
The three most active Real Estate Investment Trusts (REITs) by value were:
Ascendas REIT (+0.43%)
Capitamall Trust (-0.49%)
Capitacom Trust (-1.42%)
The most active index warrants by value today were:
The most active stock warrants by value today were:
DBS MB eCW161031 (-12.04%)
UOB MB eCW161031 (-10.19%)
KepCorp MB eCW161101 (-17.44%)
Singapore Stock Market
*ST Index 2,785.43 -37.54 2,822.97 -20.83
Volume: 1,607M 1,020.7M
Value: $900.7M $919.3M
Gainers/Losers: 101/317 165/221
Daily Market Commentary (Securities)
13 June 2016
The FBM KLCI index lost 11.45 points or 0.70% on Monday. The Finance Index fell 0.63% to 14102.09 points, the Properties Index dropped 0.46% to 1148.71 points and the Plantation Index down 0.24% to 7558.77 points. The market traded within a range of 11.71 points between an intra-day high of 1634.59 and a low of 1622.88 during the session.
Actively traded stocks include TRIVE, NETX, CAP, VSOLAR, SKPETRO, TRIVE-WA, VIVOCOM, ARMADA, BORNOIL and AIRASIA. Trading volume decreased to 1484.18 mil shares worth RM1209.83 mil as compared to Friday’s 1847.79 mil shares worth RM1388.80 mil.
Leading Movers were IOICORP (+0 sen to RM4.33), MISC (+0 sen to RM7.60), PBBANK (+0 sen to RM19.04), RHBCAP (+0 sen to RM0.00) and SIME (+0 sen to RM7.52). Lagging Movers were SKPETRO (-9 sen to RM1.55), ASTRO (-8 sen to RM2.75), AXIATA (-10 sen to RM5.50), CIMB (-8 sen to RM4.40) and GENTING (-14 sen to RM8.16). Market breadth was negative with 203 gainers as compared to 643 losers.
The KLCI retreated to 1629.77 points amid last Friday’s losses in US market. The performance of our local bourse was in tandem with most of our regional peers ahead of FED meeting this week and amid the upcoming referendum of Brexit that sapped risk appetite.
Date As of: 13 June 2016
Description Volume Value Frequency
ETF 65,300 9,384,600 20
Stock 7,683,742,664 4,009,480,729,184 1 85,516
Right 62,648,106 12,459,801,800 1,724
Warrant 17,786,700 208,276,200 346
Total 7,764,242,770 4,022,158,191,784 187,606
As of 13 June 2016 Unit: M.Baht
Type Buy Sell Net
Institution 2,244.21 5,385.03 -3,140.82
Proprietary 5,301.93 5,355.37 -53.45
Foreign 9,799.98 10,235.81 -435.83
Individual 37,218.04 33,587.95 3,630.10
Total Trading Value 54,564.16 M.Baht
SE Asia Stocks-Brexit fears, weak Chinese data pull markets down
Most Southeast Asian stocks closed lower on Monday, as risk appetite took a hit on concerns over Britain's likely exit from the European Union and on disappointing Chinese data, prompting investors to flock to safe havens such as gold and the yen.
The safe-haven yen strengthened across the board, hitting a three-year high against both the euro and sterling, while gold hit 4-week highs on Monday.
Investors were also wary ahead of meetings by the U.S. Federal Reserve, Bank of England, Swiss National Bank and the Bank of Japan later this week.
All are expected to hold monetary policy steady against a backdrop of caution heightened by the global impact of a
Fears Britain is on the verge of voting to leave the European Union next week spread through global financial
markets, sending Asian and European shares sharply lower and the pound to an eight-week low.
"The cross-Atlantic equity bear markets have somehow translated into wider Asia as well, and have dampened the
overall global risk appetite," said Vishnu Varathan, a senior economist with Singapore-based Mizuho Bank Ltd, adding markets will now focus on the number of Fed rate increases this year.
"Currently, it is about 2 more rate hikes for this year.
Whether or not it comes through will determine the risk appetite going forward. For now, I think markets would be rather safe than sorry."
Nirgunan Tiruchelvam, an analyst with Religare Capital Markets, however said weak Chinese data led Southeast Asian shares lower.
"I don't think it is linked to the Brexit, there is a possibility that people are worried about Chinese situation impinging on Southeast Asian growth, that slowdown in China will affect Southeast Asia."
Growth in China's fixed-asset investment slipped below 10 percent for the first time since 2000 in January-May as a boost from record credit growth seems to be quickly fading, putting expectations of further stimulus back on the table.
Singapore shares .STI closed more than 1 percent lower, dragged down by energy stocks, as global oil prices fell on Monday.
Keppel Corp KPLM.SI fell 3.4 percent, while Sembcorp Industries SCIL.SI lost 1.7 percent.
Vietnam .VNI closed down nearly 1 percent, while Thai stocks .SETI fell half a percent.
Malaysia .KLSE and Indonesia .JKSE also ended in negative territory, while the Philippine index .PSI snapped two days of losses to close up 0.6 pct.
SOUTHEAST ASIAN STOCK MARKETS
Market Current Previous Close Pct Move
Singapore 2785.43 2822.97 -1.33
Bangkok 1421.86 1429.21 -0.51
Manila 7554.4 7509.94 +0.59
Jakarta 4807.226 4848.056 -0.84
Kuala Lumpur 1629.77 1641.22 -0.70
Ho Chi Minh 623.58 629.8 -0.99