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ASEAN STOCK WATCH Asean Affairs  24 June 2013 

24 June 2013


The FTSE Straits Times Index (STI) ended -50.14 points lower or -1.60% lower to 3,074.31, taking the year-to-date performance to -2.93%.

The FTSE ST Mid Cap Index declined -2.84% while the FTSE ST Small Cap Index declined -1.53%.

The top active stocks were Singtel (-1.96%), DBS (-1.10%), Capitaland (-2.30%), OCBC (-2.40%), and Wilmar (-3.08%).

The outperforming sectors today were represented by the FTSE ST Industrials which declined -0.51%. The two biggest stocks of the Industrials Index are Jardine Strategic (-0.56%) and Jardine Matheson (-0.24%). The underperforming sector, FTSE ST Utilities, declined -4.23% with Hyflux declining -5.56% and Gallant Venture declining -1.59%. The FTSE ST Real Estate Index declined -2.36%, the FTSE ST Consumer Services Index declined -1.70%.*

The three most active Exchange Traded Funds (ETFs) by value today were SPDR GOLD SHARES (-0.98%), DBXT MSCI Thailand TRN ETF 10 (-0.36%) and IS MSCI INDIA 100 (-5.03%).

The three most active Real Estate Investment Trusts (REITs) by value were Ascendasreit (-4.57%), SuntecReit(-4.56%) and CapitaMall (-2.31%).

The most active index warrants by value today were HSI20400MBeCW130829 (-25.4%), HSI22000UBeCW130829 (-32.0%) and HSI20200MBePW130829 (+24.2%).

The most active stock warrants by value today were KepCorp MBeCW130902 (-21.3%), Wilmar MBeCW131202 (-29.9%), and DBS MB eCW130801 (-13.8%).


The FBM KLCI index lost 17.66 points or 1.01% on Monday. The Finance Index fell 0.84% to 16504.93 points, the Properties Index dropped 3.96% to 1317.97 points and the Plantation Index rose 0.77% to 8160.39 points. The market traded within a range of 18.03 points between an intra-day high of 1756.02 and a low of 1737.99 during the session.

Actively traded stocks include LUSTER, TMS, ASIAPAC, MAS, IDMENSN, JCY, MAEMODE, INGENCO, LUSTER-WA and MAYBANK. Trading volume decreased to 1670.62 mil shares worth RM3787.63 mil as compared to Friday’s 2052.29 mil shares worth RM3787.63 mil. Leading Movers were ASTRO (+8 sen to RM3.06), and AXIATA (+1 sen to RM6.60).

Lagging Movers were BAT (-248 sen to RM57.02), PETGAS (-60 sen to RM20.16), HLFG (-18 sen to RM13.78), UEMS (-16 sen to RM2.91) and MISC (-14 sen to RM4.93). Market breadth was negative with 121 gainers as compared to 797 losers.

The FBM KLCI ended in a dismal tone today closing at 1,738.19 points or 17.66% lower. Total trading volume continued to tone down sharply by 18.6% in comparison with last Friday. The stock market has been on a topsy-turvy since US Federal Reserve’s hinted on plans for reducing its stimulus efforts which was chiefly led by the selling of foreign funds. We opined that it will take some time for investors to digest on the clawing back of stimulus or QE and this present a good opportunity to buy bargain stocks.

Across the region, China’s stocks began to lose ground having lost 6.3%, a portend that it might enter into a bear market after the central bank signalled it will maintain efforts to curb speculative lending as this will lead to a cash squeeze for the nation. Meanwhile, Nikkei 225 and Hang Seng indexes lost 1.26% and 2.2% respectively in tandem with the weak global market sentiment as investors continued to grapple with the US Federal Reserve’s plan to scale back stimulus.


Trade Summary

Description        Volume                        Value             Frequency

ETF                     74,500                 54,266,500                       67
Stock      3,946,749,928      5,606,080,847,413              158,845
Right            11,327,440              1,450,499,625                    163
Warrant       90,614,500              5,171,683,500                 1,319
Total      4,048,766,368        5,612,757,297,038            160,394


Trading Summary

Unit: M.Baht
Type                        Buy            Sell              Net
Institution          5,702.41      3,361.43      2,340.98     
Proprietary        6,662.36     7,831.20     -1,168.84     
Foreign           10,406.63    12,736.15     -2,329.51     
Individual        21,245.95    20,088.58      1,157.37     
Total Trading Value               44,017.36 M.Baht


Most Southeast Asian stocks fell to multi-month lows on Monday with fears of a tighter monetary policy in China adding to concerns of investors, who have been
exiting the region since the U.S. Federal Reserve said it would scale back its stimulus.
The Philippines' main index  <.PSI>  fell 3.4 percent to a near six-month low, the Thai SET index lost 2.6 percent, its lowest close since Dec. 18, and Jakarta's Composite Index
closed 1.9 percent weaker to a near five-month low.  

Fears over policy tightening by China hit sentiment after a warning from the People's Bank of China that local banks needed to do a better job of managing their cash and lending.

Foreign investors sold a net $1.95 billion in shares in Jakarta and $1.46 billion in Thailand in the first three weeks of June ended on Friday, Thomson Reuters and bourse data showed.
Kuala Lumpur and Manila witnessed foreign outflows of $971 million and $338 million in the same period.  

Singapore's Straits Times Index fell 1.6 percent to a more than six-month low, led by a 3.1 percent fall in palm oil firm Wilmar International Ltd  which has a large
exposure to China via its oilseeds crushing and consumer pack businesses.  

Malaysian shares dropped 1 percent to their lowest since May 3, with foreign outflows at $117.94 million on Monday.

Jakarta's broader stock index also fell 1.9 percent to a five-month closing low with foreign outflows of $68.6 million.  
Vietnam , the region's smallest bourse, lost 1.8

 Change on day
 Market                     Current     Prev Close    Pct Move
 TR SE Asia Index*      406.30        415.90            -2.31
 Singapore                  3074.31       3124.45           -1.60   
 Kuala Lumpur           1738.19       1755.85            -1.01
 Bangkok                   1364.09       1400.50            -2.60
 Jakarta                      4429.46       4515.37            -1.90
 Manila                       5971.05       6182.17            -3.41
 Ho Chi Minh              489.74          498.84            -1.82
 Change on year
 Market                        Current     End prev yr    Pct Move
 TR SE Asia Index*          406.30        424.10           -4.20
 Singapore                      3074.71       3167.08          -2.93
 Kuala Lumpur               1738.19       1688.95          +2.92
 Bangkok                       1364.09       1391.93          -2.00
 Jakarta                          4429.46       4316.69         +2.61
 Manila                           5971.05       5812.73         +2.72
 Ho Chi Minh                   489.74        413.73         +18.37


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This year in Thailand-what next?

AseanAffairs   04 January 2011
By David Swartzentruber      

It is commonplace in journalism to write two types of articles at the transition point between the year that has passed and the New Year. As this writer qualifies as an “old hand” in observing Thailand with a track record dating back 14 years, it is time take a shot at what may unfold in Thailand in 2011.

The first issue that can’t be answered is the health of Thailand’s beloved King Bhumibol, who is now 83 years old. He is the world's longest reigning monarch, but elaborate birthday celebrations in December failed to mask concern over his health. More






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