ASEAN KEY DESTINATIONS
Daily Market Commentary (Securities)
17 June 2016
The FBM KLCI index gained 9.28 points or 0.57% on Friday. The Finance Index increased 0.57% to 14035.93 points, the Properties Index dropped 0.16% to 1137.18 points and the Plantation Index rose 0.32% to 7568.37 points. The market traded within a range of 10.02 points between an intra-day high of 1624.31 and a low of 1614.29 during the session.
Actively traded stocks include SKPETRO, NETX, TRIVE-WA, SANICHI-OR, COMCORP, AIRASIA, NETX-WB, TRIVE, AAX and SANICHI. Trading volume decreased to 1117.01 mil shares worth RM1420.57 mil as compared to Thursday’s 1569.11 mil shares worth RM1554.12 mil.
Leading Movers were UMW (+32 sen to RM5.53), HLBANK (+44 sen to RM13.36), MISC (+20 sen to RM7.45), AMMB (+9 sen to RM4.36) and PPB (+30 sen to RM16.28). Lagging Movers were HLFG (-24 sen to RM14.20), SKPETRO (-2 sen to RM1.41), PETDAG (-12 sen to RM23.32), GENM (-1 sen to RM4.27) and TENAGA (-0 sen to RM13.98). Market breadth was positive with 357 gainers as compared to 331 losers.
The KLCI regained its ground after closing higher at 1624.18 points amid overnight gains in US market. The performance of our local bourse was lifted by bargain hunting activities.
Date As of: 17 June 2016
Description Volume Value Frequency
ETF 1,300 850,600 06
Stock 5,452,601,009 6,004,039,730,101 245,025
Right 32,859,088 2,707,674,210 823
Warrant 68,289,700 25,418,959,700 288
Total 5,553,751,097 6,032,167,214,611 246,142
Thai bourse and Cambodia Securities Exchange extend MoU as part of plan to strengthen regional competitiveness
BANGKOK, June 17, 2016 - The Stock Exchange of Thailand (SET) and Cambodia Securities Exchange (CSX) today have signed the extension of the Memorandum of Understanding (MoU) to promote development of capital markets in Cambodia and Thailand.
SET and CSX have also jointly arranged an exclusive networking activity in Bangkok for participants from 15 Thai securities companies, four Cambodia securities firms, as well as institutional investors and capital market executives from Thailand and Cambodia to update information, while exchanging views and experiences. In addition, the seminar on investment opportunities in Cambodia has also been organized, well attended by 80 participants from securities companies in Thailand and Cambodia. This will boost the competitiveness of CLMVT (Cambodia, Laos, Myanmar, Vietnam and Thailand) capital markets as such raising their global profiles.
SET President Kesara Manchusree stated, "As a key sub-region connector, SET has formed alliances and established collaboration with exchanges in CLMV to continually expand its products and services to serve diverse investment demands in the market. The MoU between SET and CSX started in 2014 to synergizing concerted efforts on capital market development between two countries. The extension of the MoU period will enhance our long-term collaboration on human resource training, finance and investment professional training, information sharing and promoting capital market business opportunities between the two exchanges."
Hong Sok Hour, CEO of Cambodia Securities Exchange, said that "The MoU is the continuation of the first MoU that has opened ways for various concrete and fruitful cooperation from exchanging market data, sharing experiences. This renewal is to pursue long term cooperation and bring about closer ties for the mutual benefits and development of our respective capital markets."
As of 9 June 2016 Unit: M.Baht
Type Buy Sell Net
Institution 3,941.14 4,088.03 -146.89
Proprietary 4,489.96 4,717.44 -227.48
Foreign 11,688.01 10,988.30 699.71
Individual 22,275.10 22,600.44 -325.34
Total Trading Value 42,394.20 M.Baht
SE Asia Stocks-Close higher as Brexit concerns ease
Most Southeast Asian stocks rose on Friday, in line with Asian markets, as concerns over Britain's
exit from the European Union receded after the campaign for next week's referendum was put on hold following the killing of a
pro-EU lawmaker on Thursday.
Jo Cox, 41, a lawmaker for the opposition Labour Party and a vocal advocate for Britain remaining in the EU, was attacked
while preparing to meet constituents in Birstall near Leeds in northern England.
The rival referendum campaign groups said they were suspending activities for the day, with the Remain camp saying
its activities would also be suspended on Friday.
"Event risks around Brexit seem to have subsided, thus giving a bit of automatic lift to the equity markets," said
Vishnu Varathan, a senior economist with Singapore-based Mizuho Bank Ltd.
"Oil prices are rising in tandem with the bit of the risk aversion or some of the caution coming off."
Crude oil prices rose on Friday for the first time in seven days as markets took a breather from concerns about the impact
of Britain's possible exit from the European Union.
The Philippine stock index .PSI closed 0.8 percent higher, with consumer non-cyclicals such as LT Group Inc LTG.PS and
Universal Robina Corp URC.PS leading the gainers.
It rose 1.5 percent on the week.
"I think cautiousness is still there. Markets could remain on the lookout for possible outcomes of the Brexit situation,"
Charles Ang, an analyst with COL Financial, said.
"Market volume has been down recently, although the index has gone up for the past 2 or 3 days."
Singapore shares .STI closed marginally higher, as oil and gas stocks gained. Keppel Corp Ltd KPLM.SI rose 1.4 percent.
The index lost 2.1 percent over the week.
Thai markets .STI rose 0.7 percent, led by consumer non-cyclicals. Charoen Pokphand Foods PCL CPF.BK rose 4.6 percent.
It was down 0.6 percent on the week.
Indonesia .JKSE edged up after it closed flat in the previous session. Bank Indonesia cut its key rates by 25 basis
points in a surprise move that came after Jakarta markets closed on Thursday. urn:newsml:reuters.com:*:nL4N198228
The country's central bank said on Friday that it would ease
monetary policy further if there is room to do so.
"The interest rate cut came as a surprise for the Indonesian market and it highlights the severity of the current domestic
economic slowdown," said Harry Su, an analyst with Bahana Securities.
Bucking the trend, Vietnam shares .VNI closed nearly 1
percent lower. It lost 1.7 percent over the week.
Earlier, Asian shares rose but were set for weekly losses, with the MSCI's broadest index of Asia-Pacific shares outside
Japan .MIAPJ0000PUS up 0.6 percent, but on track for a weekly loss of 2.7 percent.
SOUTHEAST ASIAN STOCK MARKETS
Market Current Previous Close Pct Move
Singapore 2763.42 2751.56 0.43
Bangkok 1421.32 1411.19 0.72
Manila 7622.07 7564.47 0.76
Jakarta 4835.143 4814.391 0.43
Kuala Lumpur 1624.18 1614.9 0.57
Ho Chi Minh 619.25 625.11 -0.94