ASEAN KEY DESTINATIONS
24 June 2016
The Straits Times Index (STI) ended 58.46 points or 2.09% lower to 2735.39, taking the year-to-date performance to -5.11%.
The top active stocks today were DBS, which declined 2.70%, SingTel, which declined 1.29%, OCBC Bank, which declined 2.33%, UOB, which declined 2.30% and Global Logistic, with a 2.20% fall.
The FTSE ST Mid Cap Index declined 1.11%, while the FTSE ST Small Cap Index declined 1.38%.
The outperforming sectors today were represented by the FTSE ST Basic Materials Index, which rose 0.69%. The two biggest stocks of the Index - Midas Holdings and Geo Energy Resources – ended 1.92% higher and 0.93% higher respectively.
The underperforming sector was the FTSE ST Oil & Gas Index, which slipped 2.76%. Keppel Corp shares declined 2.75% and Sembcorp Industries declined 3.50%.
The three most active Exchange Traded Funds (ETFs) by value today were:
SPDR Gold Shares (+3.32%)
STI ETF (-1.75%)
DBXT MSCI Indonesia ETF 10 (-3.27%)
The three most active Real Estate Investment Trusts (REITs) by value were:
Ascendas REIT (-0.86%)
Capitamall Trust (-0.99%)
Frasers L&I Trust (-0.55%)
The most active index warrants by value today were:
The most active stock warrants by value today were:
DBS MB eCW161031 (-20.95%)
UOB MB eCW161031 (-18.89%)
DBS MB ePW161003 (+25.76%)
Singapore Stock Market
*ST Index 2,735.39 -58.46 2,793.85 +7.72
Volume: 1,365M 752.9M
Value: $1,774.3M $690.5M
Gainers/Losers: 89/341 192/167
Daily Market Commentary (Securities)
24 June 2016
The FBM KLCI index lost 5.93 points or 0.36% on Friday. The Finance Index fell 0.40% to 14074.91 points, the Properties Index dropped 1.53% to 1127.92 points and the Plantation Index down 0.47% to 7539.27 points. The market traded within a range of 28.19 points between an intra-day high of 1640.07 and a low of 1611.88 during the session.
Actively traded stocks include HSI-C21, AIRASIA, HSI-H27, CAP, ARMADA, VIVOCOM, AAX-WA, NETX, KBUNAI and KNM. Trading volume increased to 2227.16 mil shares worth RM2356.90 mil as compared to Thursday’s 1107.27 mil shares worth RM1439.34 mil.
Leading Movers were DIGI (+15 sen to RM4.80), IHH (+20 sen to RM6.70), BAT (+122 sen to RM51.00), HAPSENG (+15 sen to RM7.75) and WPRTS (+4 sen to RM4.27). Lagging Movers were SKPETRO (-6 sen to RM1.35), ASTRO (-11 sen to RM2.78), GENTING (-31 sen to RM7.88), GENM (-15 sen to RM4.35) and YTL (-4 sen to RM1.60). Market breadth was negative with 179 gainers as compared to 760 losers.
The KLCI ended lower at 1734.05 points despite overnight gains in Wall Street. The performance of our benchmark index was in tandem with most of our regional peers after UK voted to leave the European Union.
Date As of: 24 June 2016
Description Volume Value Frequency
ETF 23,100 10,727,700 18
Stock 7,818,039,876 7,465,337,739,266 274,769
Warrant 17,542,700 78,845,900 196
Total 7,835,605,676 7,465,427,312,866 274,983
As of 24 June 2016 Unit: M.Baht
Type Buy Sell Net
Institution 9,343.12 16,825.34 -7,482.22
Proprietary 8,071.52 12,723.63 -4,652.10
Foreign 14,602.55 15,386.13 -783.58
Individual 56,206.01 43,288.11 12,917.91
Total Trading Value 88,223.21 M.Baht
SE Asia Stocks-Slump as Britain votes to exit EU
Southeast Asian stocks were rattled on Friday after Britons voted to leave the European Union in a historic divorce, sparking a panic selloff in risky assets worldwide as investors bet on safe-havens such as gold.
World financial markets plunged after nearly 52 percent of Britons turned their back on the 28-nation bloc, forcing the resignation of U.K. Prime Minister David Cameron and creating the biggest global financial shock since the 2008 economic crisis.
Brexit rocked commodity markets as well, as oil and copper prices slumped, while safer assets such as gold raced to hit
more than two-year highs.
"Certainly, the uncertainty quotient is going to shoot up over the next few days, as markets digest the ramifications of
Brexit," said Vishnu Varathan, a senior economist at Mizuho Bank Ltd in Singapore.
Investors could continue to be risk-averse in the short term while the dollar and gold could strengthen further, he added.
The sterling sank 10 percent in value to its weakest since before the 1985 Plaza Accord on Friday, triggering a global rush
of capital into the traditional security of the yen and the Swiss franc.
"The effect of this exit is pretty much still a question mark," said Alex Tiu of AB Capital Securities Inc in Manila,
adding investors would be on a wait-and-watch mode.
"This is going to be an isolated case," said Manny Cruz of Asiasec Equities Inc. The Brexit effects won't be long term,
unless other members of the bloc decide to leave the EU, he said.
Singapore .STI ended down 2.1 percent, its lowest close since May 13, as banking stocks took a hit. The index lost 1
percent on the week.
DBS Group Holdings Ltd DBSM.SI fell 2.7 percent, while United Overseas Bank Ltd UOBH.SI shed 2.3 percent.
Philippines .PSI finished down nearly 2 percent after hitting a 13-month high in early trade.
In a reaction to the Brexit vote, the country's central bank said more volatility can be expected in domestic markets in the
near term, but it was ready to provide liquidity as needed.
Vietnam .VNI also closed nearly 2 percent lower, with trading volumes on the Ho Chi Minh Stock Exchange surging to its
highest since June 2014 at 270 million shares.
Jakarta .JKSE closed down nearly 1 percent, led by consumer cyclicals.
"The current reaction of the market is flight to safety," said Taye Shim, a strategist with Daewoo Securities in Indonesia. "The long term impact would depend on how the value of the dollar would unfold."
The Brexit impact would be much lesser for Southeast Asian regions, particularly Indonesia, which has low trade ties with Europe, Shim said.
SOUTHEAST ASIAN STOCK MARKETS
Market Current Previous close Pct Move
Singapore 2735.39 2793.85 -2.09
Bangkok 1413.19 1436.4 -1.62
Manila 7629.72 7729.78 -1.29
Jakarta 4834.569 4874.309 -0.82
Kuala Lumpur 1634.05 1639.98 -0.36
Ho Chi Minh 620.77 632.27 -1.82