ASEAN KEY DESTINATIONS
28 June 2016
The Straits Times Index (STI) ended 26.68 points or 0.98% higher to 2756.53, taking the year-to-date performance to -4.38%.
The top active stocks today were SingTel, which gained 2.57%, DBS, which gained 0.26%, UOB, which gained 0.45%, Ascendas REIT, which gained 2.53% and OCBC Bank, with a 0.60% advance.
The FTSE ST Mid Cap Index gained 1.61%, while the FTSE ST Small Cap Index rose 1.03%.
The outperforming sectors today were represented by the FTSE ST Telecommunications Index, which rose 2.70%. The two biggest stocks of the Index - SingTel and StarHub – ended 2.57% higher and 4.47% higher respectively.
The underperforming sector was the FTSE ST Health Care Index, which slipped 0.08%. Raffles Medical Group shares remained unchanged and Riverstone Holdings declined 0.55%.
The three most active Exchange Traded Funds (ETFs) by value today were:
SPDR Gold Shares (-0.83%)
STI ETF (+0.71%)
IS MSCI India 100 (-0.30%)
The three most active Real Estate Investment Trusts (REITs) by value were:
Ascendas REIT (+2.53%)
Capitamall Trust (+2.43%)
Capitacom Trust (+1.75%)
The most active index warrants by value today were:
The most active stock warrants by value today were:
DBS MB eCW161031 (+4.17%)
UOB MB eCW161031 (+1.49%)
OCBC Bk MBeCW161004 (+5.77%)
Singapore Stock Market
*ST Index 2,756.53 +26.68 2,729.85 -5.54
Volume: 1,129.1M 949.3M
Value: $1,138M $1,128M
Gainers/Losers: 232/139 160/205
Daily Market Commentary (Securities)
28 June 2016
The FBM KLCI index gained 4.52 points or 0.28% on Tuesday. The Finance Index increased 0.20% to 14038.45 points, the Properties Index up 0.90% to 1130.11 points and the Plantation Index down 0.04% to 7550.27 points. The market traded within a range of 14.92 points between an intra-day high of 1635.86 and a low of 1620.94 during the session.
Actively traded stocks include VIVOCOM, HIAPTEK-WB, HIAPTEK, HSI-C30, HSI-C22, SKPETRO, TRIVE, NETX, MBSB-OR and HSI-C24. Trading volume increased to 1470.26 mil shares worth RM1609.28 mil as compared to Monday’s 1267.59 mil shares worth RM1296.40 mil.
Leading Movers were SKPETRO (+10 sen to RM1.42), ASTRO (+14 sen to RM2.94), GENM (+11 sen to RM4.42), AXIATA (+8 sen to RM5.58) and YTL (+2 sen to RM1.61). Lagging Movers were BAT (-76 sen to RM50.24), PETCHEM (-4 sen to RM6.46), PBBANK (-10 sen to RM19.18), AMMB (-2 sen to RM4.33) and MISC (-3 sen to RM7.33). Market breadth was positive with 528 gainers as compared to 268 losers.
The KLCI rose to close at 1634.04 points, despite overnight losses in US market. The performance of our benchmark index was lifted by gains in heavyweight counters led by Sapurakencana and Astro.
Trade Summary Date As of: 28 June 2016
Description Volume Value Frequency
ETF 9,200 5,495,300 21
Stock 8,637,903,776 9,011,459,082,213 280,014
Warrant 348,367,000 512,229,400 337
Total 8,986,279,976 9,011,976,806,913 280,372
As of 28 June 2016 Unit: M.Baht
Type Buy Sell Net
Institution 6,421.65 4,519.92 1,901.73
Proprietary 5,513.10 5,430.97 82.13
Foreign 12,387.71 10,463.48 1,924.23
Individual 23,956.80 27,864.89 -3,908.08
Total Trading Value 48,279.27 M.Baht
SE Asia Stocks-End higher on bargain-hunting; Philippines down
Most southeast Asian markets closed higher on Tuesday, in line with Asian stocks, as investors picked up beaten down shares that had slumped over the last two sessions after Britain's decision last week to leave the European Union.
Global markets rose for the first time in three days after the Brexit vote hammered U.S. and European bank stocks, and
dragged the British pound to a 31-year low.
While one group of investors viewed the Brexit sell-off as an opportunity to come in, those that are risk-averse due to the
"potential negative impact on asset values" stayed away, said Jose Vistan, an analyst with Manila-based AB Capital Securities.
Singapore shares .STI rose nearly 1 percent, their first gain in three sessions, helped by telecom stocks.
Singapore Telecommunications Ltd STEL.SI , the city-state's largest telecom company by market capitalisation, rose 2.6
percent, while StarHub Ltd STAR.SI gained 4.5 percent.
"Historically, telcos have benefited from low rates/monetary easing," Citi said in a note, referring to the U.S. Fed's decision to hold back on further rate increases and the readiness of a number of central banks to provide liquidity.
Indonesian shares .JKSE were up nearly 1 percent, led by consumer cyclicals and healthcare stocks such as Astra International Tbk PT ASII.JK and Kalbe Farma Tbk PT KLBF.JK .
Sentiment was also buoyed after Indonesia's parliament approved an amnesty bill that would allow low payment rates for taxpayers who declared untaxed wealth.
"It (tax amnesty) is directly positive for construction and indirectly positive for property, banks, along with the domestic economy," Jakarta-based Trimegah Securities said in a note.
Vietnam closed marginally higher, with Vinamilk VNM.HM ,the country's biggest firm by market value, notching up its biggest percentage gain since November, after the company's board decided to remove its 49 percent foreign ownership cap.
Bucking the trend, Philippine shares .PSI closed 0.6 percent lower, dragged down by consumer non-cyclicals. JG Summit Holdings Inc JGS.PS fell 1.1 percent.
The Philippine market "is being influenced by external developments and the volatility abroad is affecting sentiment for risk assets," Vistan said, adding that volatility in currency markets further dampened sentiment.
Earlier, MSCI's broadest index of Asia-Pacific shares outside Japan .MIAPJ0000PUS was up 0.5 percent.
SOUTHEAST ASIAN STOCK MARKETS
Market Current Prev close Pct Move
Singapore 2756.53 2729.85 0.98
Bangkok 1437.42 1424.31 0.92
Manila 7666.69 7715.9 -0.64
Jakarta 4882.171 4836.052 0.95
Kuala Lumpur 1634.04 1629.52 0.28
Ho Chi Minh 622.2 621.27 0.15