ASEAN KEY DESTINATIONS
25 June 2014
The Straits Times Index (STI) ended 0.49 points lower or -0.02% to 3261.54 taking the year-to-date performance to +3.05%.
The FTSE ST Mid Cap Index declined -0.19% and the FTSE ST Small Cap Index declined -0.10%. The top active stocks were SingTel (+1.04%), DBS (-0.53%), Noble (-2.51%), Keppel Corp (unchanged), OCBC Bank (-0.10%).
The outperforming sector today was represented by the FTSE ST Telecommunications Index (+0.93%). The two biggest stocks of the FTSE ST Telecommunications Index are SingTel (+1.04%) and StarHub (-0.47%). The underperforming sector was the FTSE ST Technology Index, which declined -1.03% with Silverlake Axis’s share price declining -2.10% and STATS ChipPac’s share price remaining unchanged. The FTSE ST Oil & Gas Index declined -0.05%.
The three most active Exchange Traded Funds (ETFs) by value today were SPDR Gold Shares (-0.72%), IS MSCI India (+0.28%), DBXT MSCI Philippines ETF (+2.08%).
The three most active Real Estate Investment Trusts (REITs) by value were CapitaMall Trust (-0.51%), CapitaCommercial Trust (unchanged), Suntec REIT (unchanged).
The most active index warrants by value today were HSI23200MBeCW140828 (-3.49%), HSI22400MBePW140730 (-2.74%), HSI23200MBePW140730 (unchanged).
The most active stock warrants by value today were DBS MB eCW140901 (-9.09%), UOB MB eCW140901 (+3.09%), KepCorp MBeCW141201 (-0.81%).
Singapore Stock Market
*ST Index 3,274.93 +13.39 3,261.54 -0.49
Volume: 1,162.2M 2,186.5M
Value: $593M $860.6M
Gainers/Losers: 213/138 161/251
Daily Market Commentary (Securities)
25 Jun 2014
The FBM KLCI index lost 2.78 points or 0.15% on Wednesday. The Finance Index fell 0.20% to 17255.39 points, the Properties Index dropped 0.28% to 1431.07 points and the Plantation Index down 0.14% to 9304.11 points. The market traded within a range of 3.96 points between an intra-day high of 1891.64 and a low of 1887.68 during the session.
Actively traded stocks include ICON, AMEDIA, MAS, SUMATEC, PWORTH, SONA, TALAMT, SONA-WA, SUMATEC-WB and BJCORP. Trading volume decreased to 1730.33 mil shares worth RM2177.12 mil as compared to Tuesday’s 2007.70 mil shares worth RM2172.85 mil.
Leading Movers were TENAGA (+14 sen to RM12.20), HLFG (+8 sen to RM16.10), BAT (+6 sen to RM66.76), RHBCAP (+6 sen to RM8.58) and SIME (+4 sen to RM9.66). Lagging Movers were PBBANK (-12 sen to RM20.02), KLCCP (-10 sen to RM6.45), GENTING (-7 sen to RM9.99), FGV (-7 sen to RM4.34) and HLBANK (-6 sen to RM13.90). Market breadth was negative with 300 gainers as compared to 545 losers.
After achieving an all time high yesterday, the KLCI retreated and closed lower at 1889.55 points. Our local bourse echoed losses in Wall Street as investors were taking profit. Geopolitical concerns over the escalating tension & violence in Iraq, overshadowed better than expected U.S. data, contributing to continuing tepid market sentiments.
Date As of: Wednesday, June 25, 2014
Description Volume Value Frequency
ETF 14,200 11,078,800 132
Stock 3,941,938,584 4,058,954,020,512 159,486
Warrant 32,092,700 1,782,617,700 648
Total 3,974,045,484 4,060,747,717,012 160,266
Thailand Futures Exchange plans to terminate silver futures
Bangkok, June 25, 2014 - Thailand Futures Exchange PCL (TFEX), under the Stock Exchange of Thailand group, is planning to remove silver futures from its trading board due to an absence of the London Silver Fixing benchmark which will terminate its business in August. The removal plan is seeking an approval from The Securities and Exchange Commission (SEC)
Following the London Silver Market Fixing Limited announcement, it would cease to administer London Silver Fixing and a daily Silver Fixing Price with effect from close of business on August 14, 2014. As such, the termination will impact directly on silver futures trading on TFEX since the final settlement price of the futures is based on London Silver Fixing.
Due to an absence of the benchmark, TFEX, together with its members and market participants, has decided to terminate operation of the silver futures. This decision has already been approved by TFEX's board of directors. The termination is undergoing permission process by the SEC and should be finalized by this early August.
Investors will not be affected by the removal as there is no trading of the derivatives nor open interest left at the moment. In the meantime, trading of
silver futures will still be operating until the SEC gives the final approval.
TFEX will further notify investors for the termination process and final settlement price of silver futures. For more information, please contact S-E-T
Call Center 0-229-2222 or www.tfex.co.th
As of 25 June 2014 Unit: M.Baht
Type Buy Sell Net
Institution 3,229.45 3,077.17 152.28
Proprietary 3,378.34 3,288.90 89.44
Foreign 5,157.75 6,057.20 -899.45
Individual 25,372.57 24,714.84 657.73
Total Trading Value 37,138.11 M.Baht
Vietnam index ends at over 1-week closing high on strong buying
Vietnam's benchmark VN Index edged up 0.4 percent on Wednesday to close at the highest level in more than a week, extending a rising streak as
investors bought shares before companies release second-quarter results.
The index closed at 572.27 points, the highest since June 16 and the third rise in a row, with volume jumping 43 percent from the previous day to 96.5 million shares, supported by financial and property shares, Reuters data showed.
Foreign investors extended their net buying position on Wednesday, taking 4.9 million shares and unloading 3.5 million, the exchange's data showed.
Hanoi-based lender Military Bank led the gainers, rising 4.38 percent, followed by property firms HAGL <HAG.HM>
and Vingroup , as well as Saigon Securities Incorp .
Around 75 percent of companies joining a government survey expect gross profit in 2014 to rise from last year, while 5.8 percent see their profits unchanged, the Dau Tu Chung Khoan (Securities Investment) magazine reported on Wednesday.
Only 19 percent of the 8,100 companies in the survey have projected earnings to be lower than in 2013, the report said.
Investors could buy shares of companies with good fundamentals and which expect solid second-quarter results, BIDV Securities said in a report, without listing specific stocks.
Here is a snapshot of the VN Index at the close
VN Index 572.27
PREV. CLOSE 569.74
% CHANGE 0.44%
SE Asia Stocks -Mixed; Jakarta down on political uncertainty, Thai up
Indonesian shares fell on Wednesday due to uncertainty over the upcoming presidential election, while other Southeast Asian markets traded range-bound as escalating violence in Iraq eclipsed stronger economic data.
Financials led the fall in the Jakarta Composite Index , with Bank Central Asia Tbk PT 2.3 percent lower, while the rupiah also fell to its weakest in
more than four months on worries about the country's current account deficit amid higher oil prices and uncertainty over the presidential polls, scheduled on July 9.
Analysts and stockbrokers said the tight race between presidential candidates Jakarta Governor Joko "Jokowi" Widodo and ex-general Prabowo Subianto has been denting investor sentiment.
Jakarta saw foreign outflows of $14 million on Wednesday.
Other markets in the region were range-bound, with Malaysia falling from a record closing high hit on Tuesday, while Thailand edged up, led by banks.
Investors are waiting for the outcome of the policy discussion on energy reforms in Thailand, scheduled to be announced by the end of this month, said Teerada Charnyingyong, a strategist with broker Phillip Securities.
"We will see thin volume of trading and foreign outflows until we see some clear direction," Charnyingyong said.
Malaysia's Icon Offshore Bhd , whose ships offer support services for oil platforms, rose 12 percent in its market debut, with investors keen on its growth outlook given heavy capital spending plans by state oil firm Petronas.
SOUTHEAST ASIAN STOCK MARKETS
Market Current Prev Close Pct Move
TR SE Asia Index* 423.69 424.69 -0.23
Singapore 3261.54 3262.03 -0.02
Kuala Lumpur 1889.55 1892.33 -0.15
Bangkok 1468.49 1460.92 +0.52
Jakarta 4838.98 4862.24 -0.48
Manila 6834.68 6793.07 +0.61
Ho Chi Minh 572.27 569.74 +0.44