ASEAN KEY DESTINATIONS
19 June 2014
The Straits Times Index (STI) ended -7.78 points lower or -0.24% to 3269.02, taking the year-to-date performance to +3.29%.
The FTSE ST Mid Cap Index gained +0.04% while the FTSE ST Small Cap Index gained +0.30%. The top active stocks were SingTel (-1.04%), ST Engineering (-0.26%), DBS (+0.12%), Global Logistic (unchanged) and Yangzijiang Shipbuilding (+3.17%).
The outperforming sectors today were represented by the FTSE ST Technology Index (+0.59%). The two biggest stocks of the FTSE ST Technology Index are Silverlake Axis (+2.69%) and STATS ChipPAC (-0.86%). The underperforming sector was the FTSE ST Telecommunications Index, which declined -0.93% with SingTel ’s share price declining -1.04% and StarHub ’s share price gaining +0.23%. The FTSE ST Oil & Gas Index declined -0.28%.
The three most active Exchange Traded Funds (ETFs) by value today were the IS MSCI India (-0.69%), SPDR Gold Shares (+0.99%), DBXT MSCI Indonesia ETF (+0.22%).
The three most active Real Estate Investment Trusts (REITs) by value were CapitaMall Trust (-0.25%), CapitaCommercial Trust (unchanged), Ascendas REIT (+0.88%).
The most active index warrants by value today were HSI23200MBePW140730 (-3.28%), HSI23600MBeCW140730 (unchanged), HSI23400UBeCW140828 (-3.96%).
The most active stock warrants by value today were DBS MB eCW140901 (unchanged), KepCorp MBeCW141201 (unchanged), UOB MB eCW140801 (-9.59%).
Singapore Stock Market
*ST Index 3,269.02 -7.78 3,276.8 +2.36
Volume: 2,065.8M 1,907M
Value: $1,122.4M $872.9M
Gainers/Losers: 221/203 242/155
Daily Market Commentary (Securities)
19 Jun 2014
The FBM KLCI index gained 4.90 points or 0.26% on Thursday. The Finance Index increased 0.26% to 17265.22 points, the Properties Index up 0.10% to 1427.55 points and the Plantation Index rose 0.36% to 9227.65 points. The market traded within a range of 8.84 points between an intra-day high of 1881.48 and a low of 1872.64 during the session.
Actively traded stocks include MAS, TALAMT, UTOPIA, IRETEX-LA, INFOTECH, IRETEX-WA, KNM-WA, SONA, KBUNAI and TIGER. Trading volume increased to 2040.66 mil shares worth RM1751.98 mil as compared to Wednesday’s 2035.81 mil shares worth RM1866.16 mil.
Leading Movers were BAT (+44 sen to RM67.50), DIGI (+15 sen to RM5.75), PBBANK (+9 sen to RM20.36), CIMB (+8 sen to RM7.30) and GENTING (+8 sen to RM10.14). Lagging Movers were PETGAS (-16 sen to RM24.14), RHBCAP (-2 sen to RM8.44), TENAGA (-6 sen to RM11.82), MISC (-4 sen to RM6.35) and ASTRO (-4 sen to RM3.50). Market breadth was positive with 469 gainers as compared to 366 losers.
The KLCI swung between gains and losses before finishing higher at 1881.4 points due to the absence of fresh lead and Federal Reserve indicated that the interest rate would remain low for some time. Investors still look ahead for further clarity from Federal Reserve’s policy decisions.
Date As of: 19 June 2014
Description Volume Value Frequency
ETF 63,900 42,579,100 208
Stock 3,927,471,025 4,151,678,785,920 187,667
Right 00 00 00
Warrant 48,463,600 1,990,047,800 1,662
Total 3,975,998,525 4,153,711,412,820 189,537
As of 19 June 2014 Unit: M.Baht
Type Buy Sell Net
Institution 7,238.82 3,758.96 3,479.86
Proprietary 4,553.45 4,812.36 -258.91
Foreign 6,610.15 10,461.15 -3,851.00
Individual 25,157.77 24,527.71 630.06
Total Trading Value 43,560.19 M.Baht
Vietnam index dips 0.5 pct on lower dong, rig spat
Vietnam's benchmark VN Index ended down 0.47 percent at 567.35 points on Thursday, the lowest since June 10, following a central bank's currency
depreciation and China moving a second oil rig in the South China Sea, analysts said.
Vietnam lowered the mid-point rate for interbank trading by 1 percent on Thursday to 21,246 dong per dollar to support exports, the key driver of the economy.
"The devaluation lowered assets value of investors," said deputy manager Nguyen Tuan with An Binh Securities.
State-run media in Vietnam also cited China's maritime safety administration as saying Beijing was relocating a second oil rig in the South China Sea, a move that analysts said contributed to cautious sentiment on Thursday's trade.
But analysts expected the lower dong value would have short-term impact on the stock market, where the index has already recovered partially since midday.
"Cautious investors exercised profit taking immediately, but bargain hunting was also seen as stocks fell," said analyst Tran Minh Hoang of Vietcombank Securities.
The index hit its lowest intraday level since June 9 in early trade before rebounding in the afternoon session, and volume jumped to 124 million shares, the highest since May 27, Reuters data showed.
Property firm Vingroup fell 2.31 percent and Hanoi-based Vietcombank lost 1.54 percent.
Here is a snapshot of the VN Index at the close
VN Index 567.35
PREV. CLOSE 570.03
% CHANGE -0.47%
SE Asia Stocks-Vietnam weak on lower dong; Philippines trims loss before rate decision
Stocks in Vietnam ended down 0.5 percent on Thursday, recovering most of their early losses weighed down by the central bank's small depreciation of the dong, while Philippine benchmark recouped some losses before an expected interest rate decision.
Vietnam's VN Index dropped 2 percent in early trading on reports that China was moving a second oil rig in the South China Sea, analysts said.
The State Bank of Vietnam lowered the midpoint rate for trading its currency on the interbank market by 1 percent on Thursday to support exports, the key driver of the economy.
The Philippine main index closed down 0.06 percent at 6,699.39, bouncing off an intraday low of 6,657.22.
Philippine central bank kept its benchmark rate at a record low, but surprised markets by raising the rate on a short-term special deposit account facility (SDA) in a bid to contain liquidity growth that can fuel inflation pressures.
The announcement came after the stock market close.
Big caps performed mixed, with banking shares such as Metropolitan Bank & Trust ending down and telecommunications share such as Philippine Long Distance Telephone closing higher.
Stock exchange data showed foreign investors sold shares for a fourth session, offloading a net 1.08 billion peso ($24.6 million). They sold a combined 905 million peso ($20.63 million) in three sessions to Wednesday.
Sentiment in Southeast Asia was broadly positive after the U.S. Federal Reserve's decision delivered no surprises to the market. Malaysia's index hit a one-month high and Thai SET index snapped two days of falls.
Asian shares rose on Thursday after the U.S. Federal Reserve gave a positive assessment of the economy and committed to keeping monetary policy accommodative.
SOUTHEAST ASIAN STOCK MARKETS
Market Current Prev Close Pct Move
TR SE Asia Index* 424.59 422.24 +0.56
Singapore 3269.02 3276.80 -0.24
Kuala Lumpur 1881.48 1876.58 +0.26
Bangkok 1461.91 1451.36 +0.73
Jakarta 4864.27 4887.86 -0.48
Manila 6699.39 6703.13 -0.06
Ho Chi Minh 567.35 570.03 -0.47