ASEAN KEY DESTINATIONS
26 June 2013
The FTSE Straits Times Index (STI) ended +14.47 points higher or 0.47% higher to 3,104.40, taking the year-to-date performance to -1.98%.
The FTSE ST Mid Cap Index gained +1.68% while the FTSE ST Small Cap Index gained +0.17%.
The top active stocks were Singtel (+0.84%), DBS (+0.26%), UOB (-0.81%), Enviro-Hub (-9.45%), and Capitaland (+1.33%).
The outperforming sectors today were represented by the FTSE ST Utilities which gained +1.92%. The two biggest stocks of the Utilities Index are Gallant Venture (+1.64%) and United Envirotec (+0.58%). The underperforming sector, FTSE ST Basic Materials, declined -1.89% with Midas Holdings declining -2.25% and Geo Energy declining -2.41%. The FTSE ST Real Estate Index gained +1.60% and the FTSE ST Consumer Services Index gained +0.73%.
The three most active Exchange Traded Funds (ETFs) by value today were SPDR GOLD SHARES (-4.25%),STI ETF (-0.32%) and IS MSCI INDIA 100 (-0.36%).
The three most active Real Estate Investment Trusts (REITs) by value were CapitaMall (+2.62%), Ascendasreit (+2.35%) and SuntecReit (+2.36%).
The most active index warrants by value today were HSI20400MBeCW130829 (+33.95%), HSI20200MBePW130829 (-16.67%) and HSI22000UBeCW130829 (+13.89%)
The most active stock warrants by value today were DBS MB eCW130910 (+1.37%), KepCorp BPePW131002 (+1.80%), and KepCorp MBeCW130902 (+12.66%).
*Please note the Real Estate, Consumer Services and Utilities sectors will be the focus of SGX My Gateway Educational events in 2Q13.
Singapore Exchange has introduced My Gateway to meet increasing investor interest for more investment knowledge and education. My Gateway provides one-stop access to market updates, video clips on investment products, information on seminars and courses as well as other resources. Click here for My Gateway.
Singapore Stock Market
*ST Index 3,104.4 +14.47 3,089.93 +15.62
Volume: 1,928.9M 2,140.4M
Value: $1,347.8M $1,636.9M
Gainers/Losers: 202/179 191/251
Daily Market Commentary (Securities)
26 June 2013
The FBM KLCI index gained 12.12 points or 0.70% on Wednesday. The Finance Index increased 0.77% to 16446.12 points, the Properties Index up 1.45% to 1332.83 points and the Plantation Index rose 0.76% to 8293.77 points. The market traded within a range of 19.82 points between an intra-day high of 1744.64 and a low of 1724.82 during the session.
Actively traded stocks include LUSTER, MAS, SKPETRO, TA, LUSTER-WA, LUSTER-WB, TAGB, IRIS, MAYBANK and TMS. Trading volume decreased to 1439.45 mil shares worth RM2422.18 mil as compared to Tuesday’s 1599.07 mil shares worth RM2851.64 mil.
Leading Movers were BAT (+44 sen to RM58.74), GENTING (+43 sen to RM10.30), HLFG (+24 sen to RM13.74), MISC (+20 sen to RM5.12) and PETDAG (+12 sen to RM25.10). Lagging Movers were TM (-1 sen to RM5.43), IHH (-1 sen to RM3.88) and ASTRO (-1 sen to RM2.99). Market breadth was positive with 577 gainers as compared to 195 losers.
The local bourse shaved yesterday’s losses by inching up 12.12 points to close at 1,740.76 in tandem with the regional positive tone with the exception of Japanese bourse. The Finance and Plantation Indexes were the major gainers among others, edging up 125.41 and 62.34 points respectively predominantly led by Hong Leong Financial, AMMB, Maybank and IOI Corp. We opine that certain investors took this chance to do some bargain hunting while fears have allayed on news from China’s central bank to continue offer short-term funds to banks if needed.
Across the region, the bourses recovered from yesterday’s losses except Japanese market which continued to hinge on China’s cash crunch while pending for direction from the upper house elections next month. The region’s recovery were also aided by a late recovery in Chinese stocks from recent hefty losses and comments by top Federal Reserve officials that alleviated fears of an imminent end to its stimulus.
Trade Summary 26 June 2013
Description Volume Value Frequency
ETF 7,000 5,157,000 12
Stock 5,472,713,413 8,079,794,941,631 205,125
Right 8,327,935 1,992,576,250 309
Warrant 128,806,546 5,977,131,570 2,441
Total 5,609,854,894 8,087,769,806,451 207,887
As of 26 Jun 2013 Unit: M.Baht
Type Buy Sell Net
Institution 7,662.38 4,122.10 3,540.27
Proprietary 9,238.92 8,444.07 794.85
Foreign 16,020.60 32,929.05 -16,908.45
Individual 42,053.55 29,480.22 12,573.33
Total Trading Value 74,975.45 M.Baht
Most Southeast Asian stocks rebounded on Wednesday from their multi-month lows, led by the Philippines, as the Chinese central bank's assurance of more funds to banks facing a credit squeeze and optimistic U.S. economic data boosted market sentiment.
The Philippines' main index, which has plummeted 17.6 percent in June alone, jumped 5.7 percent to recover from more than a six-month low hit in the previous session. The index recorded its highest percentage gain since Nov. 25, 2008.
The People's Bank of China said late on Tuesday it had provided cash to some institutions facing temporary shortages and would continue to do so if needed, seeking to tame investor jitters amid spiking money market rates that raised fears of a banking crisis.
The region's markets have been on a falling trend with foreign investors exiting ever since the U.S. Federal Reserve hinted at plans to scale back its bond repurchases.
"There has been a misinterpretation on what (Fed chief) Ben Bernanke has said on scaling back its stimulus. That, along with strong economic fundamentals of the Philippines economy, helped for a healthy recovery," a Manila-based senior analyst said on condition of anonymity.
Manila saw net foreign outflows of $43 million in shares despite the strong gains.
The Thai SET index gained for a second session, rising 2.9 percent to a one-week closing high, led by financials, while Indonesia's broader index jumped 3.8 percent despite $15.7 million in foreign outflows on Wednesday.
Singapore's Straits Times Index edged up 0.5 percent, led by property stocks after some brokers issued positive reports on companies in the sector.
Vietnam edged up 0.1 percent, snapping a four-session losing streak despite $6.3 million in foreign outflows and an unstable investor sentiment, while Malaysia gained 0.7 percent.
SOUTHEAST ASIAN STOCK MARKETS
Market Current Prev Close Pct Move
TR SE Asia Index* 417.10 409.40 +1.88
Singapore 3104.40 3089.93 +0.47
Kuala Lumpur 1740.76 1728.64 +0.70
Bangkok 1424.38 1384.63 +2.87
Jakarta 4587.73 4418.87 +3.82
Manila 6118.94 5789.06 +5.70
Ho Chi Minh 473.53 473.02 +0.11
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