ASEAN KEY DESTINATIONS
27 June 2013
The FTSE Straits Times Index (STI) ended +13.63 points higher or +0.44% higher to 3,118.03, taking the year-to-date performance to -1.55%.
The FTSE ST Mid Cap Index gained +0.56% while the FTSE ST Small Cap Index gained +0.31%.
The top active stocks were Singtel (+3.33%), UOB (+0.31%), DBS (-1.02%), Capitaland (+0.33%), and OCBC Bk (+0.30%).
The outperforming sectors today were represented by the FTSE ST Telecommunications which gained +2.86%. The two biggest stocks of the Telecommunications Index are Singtel (+3.33%) and Starhub (unchanged). The underperforming sector, FTSE ST Oil & Gas, declined -0.92% with Keppel Corp declining -1.71% and SembCorp Marine gaining +0.70%. The FTSE ST Real Estate Index gained +0.82%, the FTSE ST Consumer Services Index declined -0.23% and the FTSE ST Utilities index declined -0.16% .
The three most active Exchange Traded Funds (ETFs) by value today were DBXT MSCI ASIA EX JAPAN ETF 10 (+3.50%), SPDR GOLD SHARES (+0.50%) and LYXOR ETF ASIA EX 10 (-1.24%).
The three most active Real Estate Investment Trusts (REITs) by value were CapitaMall (+1.28%), Ascendasreit (unchanged) and CapitaComm (-0.35%).
The most active index warrants by value today were HSI20400MBeCW130829 (+3.43%), HSI20200MBePW130829 (-6.67%) and HSI21200MBeCW130829 (+10.13%).
The most active stock warrants by value today were DBS MB eCW130910 (-12.16%), KepCorp MBeCW130902 (-14.61%), and HutchWhamUBeCW130927 (+21.05%).
Daily Market Commentary (Securities)
27 June 2013
The FBM KLCI index gained 10.81 points or 0.62% on Thursday. The Finance Index increased 1.33% to 16665.09 points, the Properties Index up 2.38% to 1364.59 points and the Plantation Index rose 0.10% to 8302.08 points. The market traded within a range of 11.06 points between an intra-day high of 1753.76 and a low of 1742.70 during the session.
Actively traded stocks include LUSTER, ETITECH, MAS, SKPETRO, AXIATA, TA, MAYBANK, NICORP, UEMS and CIMB. Trading volume decreased to 1321.70 mil shares worth RM2193.91 mil as compared to Wednesday’s 1439.45 mil shares worth RM2422.18 mil.
Leading Movers were BAT (+60 sen to RM59.34), HLFG (+48 sen to RM14.22), PETGAS (+18 sen to RM20.30), MAYBANK (+16 sen to RM10.24) and RHBCAP (+13 sen to RM8.60). Lagging Movers were FGV (-4 sen to RM4.47), PETCHEM (-4 sen to RM6.56), MISC (-4 sen to RM5.08), DIGI (-4 sen to RM4.66) and UMW (-2 sen to RM14.28). Market breadth was positive with 503 gainers as compared to 253 losers.
The local bourse extended gains for the second day in a row after ending at 1,751.57 points or an uptick of 10.81 points. The gains, led by Finance Index with major contributors from heavy weights such as Hong Leong Financial, Maybank, RHB Capital, Public Bank and CIMB Group, inched up 218.97 points. The positive sentiment was in tandem with the region as investors’ fears were assuaged by the possibility of the Federal Reserve extending its stimulus measure. However, we reckon that the encouraging tone might not last long as the risk of tapering stimulus has not completely gone away.
Across the region, the bourses rose second day in a row with the exception of China. The world’s second largest economy has made it clear that the People Bank of China (PBOC) will remain as the last resort, preventing a systemic threat, and will try to improve the liquidity situation, but only gradually. The rally across the globe was sparked by speculation that the Federal Reserve may hold back from reducing stimulus.
Trade Summary Date As of: 27 June 2013
Description Volume Value Frequency
ETF 26,000 16,037,500 29
Stock 4,646,757,172 8,238,991,045,639 176,664
Warrant 328,447,226 23,326,755,916 6,276
Total 4,975,230,398 8,262,333,839,055 182,969
Shares in Thailand's largest construction firm Italian-Thai Development Pcl climbed as much as 6.7 percent on expectations that the company's water management project would move forward pending an environmental impact assessment (EIA) despite a court order.
Italian-Thai shares were up 2.86 percent at 5.40 baht after earlier touching 5.60 baht, while the broader SET index is up 1.16 percent.
On June 18, the government selected four winners for the water management projects and other infrastructure work that are expected to drive the economy in the next few years. A consortium led by Italian-Thai won five of the nine contracts with a bid of 109 billion baht.
"The market understands that the water management project is still moving forward, even though it may have to go through a public hearing," said Therdsak Thaveeteeratham, head of research at Asia Plus Securities.
He has a "buy" rating on Italian-Thai shares with a target price of 8.6 baht.
On Thursday, a Thai court ordered the suspension of planned flood control project after a group of environmental activists asked the court to delay the projects pending an EIA and a health impact assessment.
As of 26 Jun 2013 Unit: M.Baht
Type Buy Sell Net
Institution 4,853.34 5,058.68 -205.33
Proprietary 13,139.86 9,157.35 3,982.50
Foreign 16,333.18 10,742.66 5,590.52
Individual 27,604.38 36,972.07 -9,367.69
Total Trading Value 61,930.76 M.Baht
Vietnam's benchmark VN index closed up 2 percent on Thursday, tracking a regional recovery for a second day with gains for the biggest local firms amid improved global sentiment.
Energy, property and banks stocks led the climb after a run of losses on the Ho Chi Minh City bourse, with Pha Lai Thermal
Power up 4 percent, Petrovietnam gas rising 3.5 percent, Hoang Anh Gia Lai and Vingroup gaining 2.5 percent. Steelmaker Hoa Phat Group soared 5.1 percent.
The index was expected to further gains in response to improved sentiment in global markets on hopes the U.S. Federal
Reserve would not trim stimulus soon, traders said.
Here is a snapshot of the VN Index at the close (0716 GMT).
VN Index 482.95
PREV. CLOSE 473.53
Change (%) 1-mnth -5.339
Change (%) 3-mnth -3.255
Change (%) 1-year 12.963
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