ASEAN KEY DESTINATIONS
27 June 2016
The Straits Times Index (STI) ended 5.54 points or 0.2% lower to 2729.85, taking the year-to-date performance to -5.30%.
The top active stocks today were DBS, which declined 1.61%, SingTel, which gained 1.83%, UOB, which declined 1.35%, OCBC Bank, which declined 0.48% and Global Logistic, with a 1.69% fall.
The FTSE ST Mid Cap Index gained 0.04%, while the FTSE ST Small Cap Index declined 0.16%.
The outperforming sectors today were represented by the FTSE ST Telecommunications Index, which rose 1.71%. The two biggest stocks of the Index - SingTel and StarHub – ended 1.83% higher and 1.13% higher respectively.
The underperforming sector was the FTSE ST Basic Materials Index, which slipped 1.49%. Midas Holdings shares declined 3.77% and Geo Energy Resources increased 2.75%.
The three most active Exchange Traded Funds (ETFs) by value today were:
SPDR Gold Shares (+0.89%)
iShares USD Asia HY Bond ETF (-1.13%)
DBXT MSCI Europe ETF 10 (-1.50%)
The three most active Real Estate Investment Trusts (REITs) by value were:
Capitamall Trust (+3.00%)
Ascendas REIT (+3.04%)
Suntec REIT (+0.91%)
The most active index warrants by value today were:
The most active stock warrants by value today were:
DBS MB eCW161031 (-13.25%)
UOB MB eCW161031 (-8.22%)
OCBC Bk MBeCW161004 (-3.70%)
Singapore Stock Market
*ST Index 2,729.85 -5.54 2,735.39 -58.46
Volume: 949.3M 1,365M
Value: $1,128M $1,774.3M
Gainers/Losers: 160/205 89/341
Daily Market Commentary (Securities)
27 June 2016
The FBM KLCI index lost 4.53 points or 0.28% on Monday. The Finance Index fell 0.46% to 14010.07 points, the Properties Index dropped 0.70% to 1120.04 points and the Plantation Index rose 0.19% to 7553.26 points. The market traded within a range of 13.78 points between an intra-day high of 1632.03 and a low of 1618.25 during the session.
Actively traded stocks include VIVOCOM, MBSB-OR, ARMADA, LKL, KNM, BORNOIL, VIVOCOM-WB, TRIVE, CIMB and SANICHI. Trading volume decreased to 1267.59 mil shares worth RM1296.40 mil as compared to Friday’s 2227.16 mil shares worth RM2356.90 mil.
Leading Movers were GENTING (+10 sen to RM7.98), PETCHEM (+6 sen to RM6.50), PETGAS (+18 sen to RM21.78), ASTRO (+2 sen to RM2.80) and IOICORP (+2 sen to RM4.36). Lagging Movers were IHH (-20 sen to RM6.50), SKPETRO (-3 sen to RM1.32), HAPSENG (-15 sen to RM7.60), CIMB (-8 sen to RM4.23) and DIGI (-6 sen to RM4.74). Market breadth was negative with 295 gainers as compared to 457 losers.
The KLCI started the week on a negative note, closed lower at 1629.52 points amid losses in Wall Street on last Friday after Britain voted to exit the European Union. The performance of our local bourse was bogged down by selling interest in heavy weight counters such as SapuraKencana and Digi.
Date As of: 27 June 2016
Description Volume Value Frequency
ETF 54,600 45,536,100 08
Stock 6,453,469,224 5,668,362,536,572 210,740
Warrant 3,527,000 46,396,400 218
Total 6,457,050,824 5,668,454,469,072 210,966
Thai bourse, AsianFA jointly debut AsianFA Annual Meeting in Thailand
BANGKOK, June 27, 2016 - The Stock Exchange of Thailand (SET) has joined hands with Asian Finance Association (AsianFA) to organize "The 28th AsianFA Annual Meeting" for the first time in Thailand, during June 27-28, an annual academic conference to present research papers of finance academic, graduate student, and practitioners worldwide to promote innovation for financial and capital market development.
SET Senior Executive Vice President Santi Kiranand said, "Innovation is one of the key drivers to enhance capital market's quality and sustainability. Research plays an important role in all the value chain process from developing strategy, product and process development, process and concept enhancement among others to promote effective outputs. The 28th AsianFA Annual Meeting is an open platform for finance scholars and practitioners worldwide to meet and share over 140 of their recent research studies, while exchanging ideas and expertise, as well as updating new developments in finance and capital research. This gathering aims to practically raise the quality of financial and capital markets."
This year 140 papers, out of 300 papers, have passed the double-blind review by a committee of established researchers. There are a wide range of topics, such as Asset Pricing, Corporate Finance, Market Microstructure, Derivatives and International Finance submitted from countries worldwide such as the United States, Singapore, Malaysia, Indonesia, Hong Kong, Thailand, etc. In addition to the work from professional researchers, and professors from top universities around the world, there are also research studies from university students.
Students in Thailand who have presented their papers are from Thammasat University and Chulalongkorn University. The best research in each category will receive recognition as well as prizes, including SET best paper awards in capital market.
The event is also supported by The Siam Commercial Bank Pcl. For more information, please visit, www.set.or.th/asianfa2016.
As of 27 June 2016 Unit: M.Baht
Type Buy Sell Net
Institution 7,892.57 3,391.06 4,501.51
Proprietary 5,099.31 5,850.71 -751.40
Foreign 8,449.53 9,773.45 -1,323.91
Individual 23,354.81 25,781.00 -2,426.19
Total Trading Value 44,796.22 M.Baht
SE Asia Stocks-Recover as investors absorb Brexit shock
Most Southeast Asian stock markets recovered from early losses on Monday and closed higher, as investors digested uncertainties arising from Britain's decision to exit the European Union.
Sentiment remained weak as doubts over when the world's fifth-largest economy would leave the EU and on what terms
weighed on global markets.
However, the moves on Monday were nowhere near as extreme as on Friday, when the shock of Britain's exit vote drove global
stocks to their biggest decline in nearly five years.
The UK is likely to enter a recession within the year as a result of the leave vote, a decision that will stunt global
economic growth as well, Goldman Sachs' top economists said on Sunday. urn:newsml:reuters.com:*:nL1N19J00K
Concerns over Brexit however could prevent the U.S. Federal Reserve from raising rates in the coming months, which would be
a big comfort for Asian markets.
Philippines shares .PSI rose 1.1 percent, helped by energy and financial stocks. Semirara Mining Corp SCC.PS rose 5.1
percent, while Ayala Land Inc ALI.PS gained 3.1 percent.
The rise was not expected today, but "the impact of the Brexit should really be minimal," said Charles Ang, an analyst
with COL Financial.
"Aside from the effect of weakened sentiments of global investors, fundamentally we do not see any material impact of
the Brexit in terms of the Philippine economy," he added.
Vietnam ended marginally higher, reversing losses made in early trade. Energy stocks led the gains, with Petrovietnam Gas
Joint Stock Corp GAS.HM up 0.8 percent and PetroVietnam Drilling & Well Service Corp PVD.HM 2.3 percent higher.
"Investors are overreacting to Brexit," said Duong Manh Dung, a trader at VnDirect Securities. "The market needs two to
three sessions to rebalance."
Malaysian .KLSE shares pared early losses to close 0.3 percent lower, while Singapore .STI closed down 0.2 percent.
MSCI's broadest index of Asia-Pacific shares outside Japan .MIAPJ0000PUS cut losses and was down 0.2 percent at 0825 GMT.
SOUTHEAST ASIAN STOCK MARKETS
Market Current Prev close Pct Move
Singapore 2729.85 2735.39 -0.20
Bangkok 1424.31 1413.19 0.79
Manila 7715.9 7629.72 1.13
Jakarta 4 836.052 4834.569 0.03
Kuala Lumpur 1629.52 1634.05 -0.28
Ho Chi Minh 621.27 620.77 0.08