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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:

HSI21600MBeCW161028 (-8.51%)

HSI22600MBeCW161028 (-14.89%)

HSI20000MBePW160728 (+81.69%)

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
                             Friday                 Thursday
*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.


Trade Summary
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


Trading Summary

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.  

  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

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ASEAN NEWS UPDATES      Updated: 04 January 2011

 • Women Shariah scholars see gender gap closing
• Bank Indonesia may hold key rate as inflation hits 7 percent
• Bursa Malaysia to revamp business rules
• Private property prices hit new high in Singapore • Bangkok moves on mass transport
• Thai retailers are upbeat
• Rice exports likely to decline • Vietnamese PM projects 10-year socioeconomic plan


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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