ASEAN KEY DESTINATIONS
26 June 2014
The Straits Times Index (STI) ended +17.03 points higher or +0.52% to 3278.57, taking the year-to-date performance to +3.59%.
The FTSE ST Mid Cap Index gained +0.27% while the FTSE ST Small Cap Index gained +0.14%. The top active stocks were SingTel (+0.26%), DBS (+0.60%), Global Logistic (+0.37%), DairyFarm (+0.29%) and STATS ChipPAC (+14.95%).
The outperforming sectors today were represented by the FTSE ST Technology Index (+1.93%). The two biggest stocks of the FTSE ST Technology Index are Silverlake Axis (+1.29%) and STATS ChipPAC (+14.95%). The underperforming sector was the FTSE ST Utilities Index, which declined -0.89% with United Envirotech’s share price declining -3.06% and Hyflux ’s share price gaining +3.39%. The FTSE ST Oil & Gas Index gained +0.38%. The FTSE ST Telecommunications Index gained +1.17%.
The three most active Exchange Traded Funds (ETFs) by value today were the SPDR Gold Shares (-0.16%), SPDR S&P 500 ETF Trust (-0.24%), IS MSCI India (-0.83%).
The three most active Real Estate Investment Trusts (REITs) by value were CapitaMall Trust (+1.53%), Ascendas REIT (+0.87%), Suntec REIT (+1.11%).
The most active index warrants by value today were HSI23200MBeCW140828 (+28.92%), HSI23200MBePW140730 (-23.36%), HSI22400MBePW140730 (-26.76%).
The most active stock warrants by value today were KepCorp MBeCW141201 (+3.28%), DBS MB eCW140901 (+10.00%), UOB MB eCW140901 (+2.00%).
Singapore Stock Market
*ST Index 3,278.57 +17.03 3,261.54 -0.49
Volume: 1,764M 2,186.5M
Value: $934.4M $860.6M
Gainers/Losers: 232/169 161/251
Daily Market Commentary (Securities)
26 Jun 2014
The FBM KLCI index gained 0.42 points or 0.02% on Thursday. The Finance Index fell 0.14% to 17231.14 points, the Properties Index dropped 0.13% to 1429.21 points and the Plantation Index down 0.39% to 9268.28 points. The market traded within a range of 6.83 points between an intra-day high of 1889.08 and a low of 1882.25 during the session.
Actively traded stocks include BPLANT, UTOPIA, SKPRES-WA, MAS, SKPRES, BJCORP, MTRONIC, SUMATEC, SONA-WA and IRETEX-LA. Trading volume decreased to 1420.84 mil shares worth RM1956.03 mil as compared to Wednesday’s 1730.33 mil shares worth RM2177.12 mil.
Leading Movers were PETDAG (+44 sen to RM24.60), PPB (+28 sen to RM15.08), BAT (+14 sen to RM66.90), GENTING (+11 sen to RM10.10) and SKPETRO (+5 sen to RM4.41). Lagging Movers were PBBANK (-12 sen to RM19.90), FGV (-1 sen to RM4.25), KLCCP (-6 sen to RM6.39), IHH (-3 sen to RM4.35) and HLBANK (-4 sen to RM13.86). Market breadth was negative with 387 gainers as compared to 414 losers.
The KLCI rebounded on late buying interest by closing marginally higher at 1889.97 points. Our local market was mostly in the red before receiving a boost 10 minutes before the closing bell. Market sentiment was muted despite optimism the U.S. economy is emerging from a worse than estimated contraction last quarter.
As of 26 June 2014 Unit: M.Baht
Type Buy Sell Net
Institution 5,916.11 2,842.08 3,074.03
Proprietary 3,283.96 4,111.11 -827.15
Foreign 6,211.85 6,261.08 -49.23
Individual 22,531.91 24,729.57 -2,197.66
Total Trading Value 37,943.84 M.Baht
Vietnam index ends near 2-month high on earnings hopes
Vietnam's benchmark VN Index ended up 0.72 percent at its highest in nearly two months, extending a rising streak so far this week as investors
bought stocks ahead of second-quarter earnings results.
The index closed at 576.4 points, its highest since April 29 and the fourth straight daily gain, with volume jumping 28 percent from the previous day to 123.94 million shares, supported by insurance and energy shares, Reuters data showed.
Baoviet Holdings , Vietnam's largest insurer, rose the most, gaining 3.98 percent, followed by Petrovietnam Gas, the country's biggest listed firm, with a 1.89 percent increase.
Adding to the buying momentum, foreign investors bought 10.1 million shares, or about three times the 3.7 million shares they sold, according to the exchange's data.
Saigon Securities forecast Petrovietnam Gas' net income this year to rise nearly 11 percent to 12.49 trillion dong ($586 million), excluding debt repayments from state utility Vietnam Electricity.
The first instalment of the debt, estimated at $180 million and which came from dry gas sales to power plants in 2009-2011, was expected in the second half of 2014, and that "could create an one-off earnings surprise", the brokerage said in a report on Thursday.
Here is a snapshot of the VN Index at the close
VN Index 576.4
PREV. CLOSE 572.27
% CHANGE 0.72%
SE Asia Stocks-Indonesia rebounds; commodities lead regional gains
Stocks in Indonesia rose on Thursday as large cap banks recovered from recent losses, while shares of energy and palm plantation firms outperformed in Southeast Asia in line with strong crude and palm oil prices.
Jakarta's composite index closed up 0.7 percent, rebounding from around seven-week closing low hit on Wednesday.
Shares of Bank Central Asia gained 2.8 percent and Bank Mandiri was up 1 percent. Both fell on Wednesday.
The market witnessed a net foreign outflow worth of 39.3 billion rupiah ($3.3 million) after Wednesday's net outflow worth 165 billion rupiah ($13.99 million), Thomson Reuters data showed.
Near term uncertainty related to the presidential election on July 9 weighed on Indonesian assets. The rupiah fell to its weakest in four-and-a-half months on Thursday.
Gains in the region included shares of Thailand's energy explorer PTT Exploration and Production , Indonesia's palm plantation firm Astra Agro Lesta and Malaysia's newly-listed palm oil company Boustead Plantations .
Brent crude oil held steady near $114 a barrel on Thursday, with traders watching developments in Iraq for the possibility of export disruption from OPEC's second-largest producer while Malaysian palm oil futures stretched gains into a fourth day.
Foreign fund flows were mixed in the region, according to Thomson Reuters and stock exchange data.
Malaysia noted a modest outflow worth a net 15.75 million ringgit ($4.9 million), Thailand recorded a net outflow worth 49 million baht ($1.5 million) and the Philippines brought in a net inflow worth 123.7 million peso ($2.8 million).
SOUTHEAST ASIAN STOCK MARKETS
Market Current Prev Close Pct Move
TR SE Asia Index* 425.98 423.69 +0.54
Singapore 3278.57 3261.54 +0.52
Kuala Lumpur 1889.97 1889.55 +0.02
Bangkok 1477.48 1468.49 +0.61
Jakarta 4872.42 4838.98 +0.69
Manila 6892.18 6834.68 +0.84
Ho Chi Minh 576.40 572.27 +0.72