ASEAN KEY DESTINATIONS
29 June 2015
The Straits Times Index (STI) ended 40.72 points or 1.23% lower to 3280.18, taking the year-to-date performance to -2.52%.
The top active stocks today were Singtel, which closed unchanged, DBS, which declined 1.07%, OCBC Bank, which declined 1.17%, Global Logistic, which declined 2.71% and UOB, with a 0.91% fall.
The FTSE ST Mid Cap Index declined 0.89%, while the FTSE ST Small Cap Index declined 1.34%.
The outperforming sectors today were represented by the FTSE ST Telecommunications Index, which declined 0.17%. The two biggest stocks of the Index - Singtel and StarHub – ended unchanged and 2.02% lower respectively.
The underperforming sector was the FTSE ST Basic Materials Index, which slipped 2.06%. Midas Holdings shares declined 2.99% and NSL declined 1.00%.
The three most active Exchange Traded Funds (ETFs) by value today were:
STI ETF (-1.48%)
Lyxor China H 10 (-4.17%)
DBXT CSI300 ETF (-3.76%)
The three most active Real Estate Investment Trusts (REITs) by value were:
Ascendas REIT (-2.04%)
CapitaLand Mall Trust (-1.86%)
CapitaLand Commercial Trust (-1.28%)
The most active index warrants by value today were:
The most active stock warrants by value today were:
CLI MB ePW151103 (unchanged)
UOB MB eCW151001 (-11.93%)
Singapore Stock Market
*ST Index 3,280.18 -40.72 3,320.9 -28.97
Volume: 1,261.9M 1,179.6M
Value: $1,022.5M $925.7M
Gainers/Losers: 93/392 181/256
Daily Market Commentary (Securities)
29 June 2015
The FBM KLCI index lost 18.55 points or 1.08% on Monday. The Finance Index fell 1.32% to 15309.95 points, the Properties Index dropped 1.46% to 1206.46 points and the Plantation Index down 0.56% to 7217.42 points. The market traded within a range of 20.91 points between an intra-day high of 1709.35 and a low of 1688.44 during the session.
Actively traded stocks include CHINA50-H2, CHINA50-C3, SCN, CHINA50-C2, FRONTKN, KNM, SEDANIA, RGB, AAX and AIRASIA. Trading volume increased to 1676.30 mil shares worth RM1713.94 mil as compared to Friday’s 1350.96 mil shares worth RM1431.55 mil.
Leading Movers were BAT (+36 sen to RM60.86), IOICORP (+2 sen to RM3.99), ASTRO (+4 sen to RM2.95), KLCC (+1 sen to RM6.91) and RHBCAP (+1 sen to RM7.26). Lagging Movers were CIMB (-19 sen to RM5.31), PETCHEM (-17 sen to RM6.08), UMW (-26 sen to RM10.02), SKPETRO (-6 sen to RM2.35) and WPRTS (-9 sen to RM4.21). Market breadth was negative with 126 gainers as compared to 823 losers.
The KLCI failed to hold above 1700-point level, slumping to 1691.92 points at closing bell. Market sentiment was bearish following the worsening Greek debt crisis while the likelihood of Firth Ratings’ sovereign rating downgrade of Malaysia further dampened investors’ sentiment.
Date As of: Monday, June 29, 2015
Description Volume Value Frequency
ETF 125,500 80,419,400 33
Stock 6,294,998,831 3,954,181,896,440 189,962
Right 21,623,072 2,142,318,981 573
Warrant 5,861,533 230,792,210 412
Total 6,322,608,936 3,956,635,427,031 190,980
Thai bourse to list "AMATAR" REIT on June 30
BANGKOK, June 29, 2015 - The Stock Exchange of Thailand (SET) will list Amata Summit Growth Freehold and Leasehold Real Estate Investment Trust (REIT) worth THB 3.58 billion (approx. USD 106.51 million) on its main board on June 30, to
be the second REIT listed on SET in 2015, under the ticker symbol "AMATAR." SET Executive Vice President Santi Kiranand said that AMATAR would list and start trading in the Thai bourse's Property & Construction industry group, Property Fund & REITs sector. AMATAR offered 357.89 million units via an initial public offering (IPO) at THB 10.00 per unit during June 4 -12, with total value of THB 3.58 billion. AMATAR was managed by Amata Summit REIT Management Co., Ltd., a subsidiary of Amata Summit Ready Built Co., Ltd., with Kasikorn Asset Management Co.,Ltd. being the trustee, Kasikornbank as its underwriter, and JayDee Partners Ltd. being financial adviser.
AMATAR has invested in freehold and leasehold rights of land and factory building of Amata Summit Ready Built Co., Ltd. (a subsidiary of AMATA Corporation pcl, or AMATA), in AMATA Nakorn Industrial Estate, Chonburi province (near the eastern seaboard) and AMATA City Industrial Estate, Rayong province (in the eastern seaboard), with 88 factories, covering the total rental area of 160,578.52 square meters with 90 percent occupancy. The main tenants of these properties are companies in machinery, industrial tools, plastics, petrochemical and auto parts production businesses.
Amata Summit REIT Management Managing Director Dendao Komolmas said that AMATAR has invested in factories for lease in AMATA industrial estates locating in a Thailand's prime strategic logistic hub. Thus, large corporations preferred to set up production base and expand business on this location. With more than a decade of ready-built factory management expertise from Amata Summit Ready Built Co., Ltd. together with its growth opportunity from the support of its key stakeholders -- AMATA pcl and Summit Corporation Co., Ltd.--, AMATAR is expected to provide good and sustainable returns for the trust unit holders.
AMATAR's dividend policy is to pay up to four times a year at no less than 90 percent of adjusted net profit of its financial year. AMATAR's three major unit holders after its IPO are Amata Summit Ready Built Co., Ltd. (17.01 percent), AIA Co., Ltd. (13.97 percent) Thai Life Insurance pcl (11.18 percent).
For more information, please see AMATAR's prospectus at the Securities and Exchange Commission's website at www.sec.or.th , and www.amatareit.com , as well as general information on SET's website at www.set.or.th .
SET "Towards the 5th Decade of Sustainable Wealth for Thais"
As of 29 June 2015 Unit: M.Baht
Type Buy Sell Net
Institution 5,248.96 4,696.90 552.05
Proprietary 5,010.38 5,407.17 -396.79
Foreign 8,233.15 8,224.98 8.17
Individual 20,771.24 20,934.67 -163.43
Total Trading Value 39,263.73 M.Baht
Vietnam index ends up 1.72 pct, most blue chips gain
Vietnam benchmark's VN Index jumped 1.72 percent to close on Monday with gains in most big caps even though volume was smaller.
Hanoi-based lender Vietcombank, the country's top firm by market value, jumped 5.15 percent while Petrovietnam Gas rose 1.61 percent and property firm Vingroup climbed 3.3 percent.
Volume dropped 20.4 percent from the previous day to 121.74 million shares on Monday.
Foreign investors continued their net buying in the second consecutive session, having purchased 314 billion dong ($14.39 million) worth of Vietnamese shares on Monday.
Vietnamese shares gained after the government announced last Friday it will scrapped a 49 percent foreign ownership cap across many listed firms from Sept. 1.
Here is a snapshot of the VN Index at the close
VN Index 591.75
PREV. CLOSE 581.75
% CHANGE 1.72%
SE Asia Stocks - Malaysia, S'pore lead regional decline on Greek debt fears
Major Southeast Asian stock markets fell on Monday as fears of a Greek debt default prompted foreign outflows, sending the Malaysian index to an over-six-month low while the Indonesian benchmark fell to a near-two-week low.
Kuala Lumpur's composite index was down 1.1 percent at 1,691.92, the lowest close since Dec. 17, with 25 out of 30 stocks listed on the index sliding. Selling also hit the ringgit which traded at a 10-year low.
Singapore's key Straits Times Index shed 1.2 percent to 3,280.18, the lowest close since Dec. 19.
Jakarta's composite index was down 0.8 percent at 4,882.58, the lowest close since June 16, taking its year-to-date loss to 6.7 percent, Asia's worst performing index, followed by Malaysia's 3.9 percent decline, the second worst.
Foreign investors sold Indonesian shares worth a net 394 billion rupiah ($29.54 million) and offloaded Malaysian shares worth a net 105 million ringgit ($27.76 million), stock exchange and Thomson Reuters data showed.
Indexes in Thailand and the Philippines recouped most of their early losses. Vietnam jumped 1.72 percent amid gains in most big-caps.
Manila-based Regina Capital expected stock market volatility in the Philippines to continue in the near term.
"This is mostly psychological but market volatility should remain since the initial reaction of fund managers is to shift to safe havens," said analyst Jason Bibit.
European shares sank almost 4 percent and government bond yields in Italy, Spain and Portugal jumped on Monday as investors priced in a growing risk that Greece will be the first country to leave the euro.
SOUTHEAST ASIAN STOCK MARKETS
Market Current Prev Close Pct Move
Singapore 3280.18 3320.90 -1.23
Kuala Lumpur 1691.92 1710.47 -1.08
Bangkok 1511.19 1518.03 -0.45
Jakarta 4882.58 4923.01 -0.82
Manila 7567.38 7622.05 -0.72
Ho Chi Minh 591.75 581.75 +1.72