ASEAN KEY DESTINATIONS
02 June 2014
The Straits Times Index (STI) ended +6.39 points higher or +0.19% to 3302.24, taking the year-to-date performance to +4.34%.
The FTSE ST Mid Cap Index declined -0.10% while the FTSE ST Small Cap Index gained +0.03%. The top active stocks were Yangzijiang Shipbuilding (+3.47%), OCBC Bank (-0.21%), DBS (+0.30%), SingTel (-0.26%) and UOB (+0.53%).
The outperforming sectors today were represented by the FTSE ST Utilities Index (+0.47%). The two biggest stocks of the FTSE ST Utilities Index are United Envirotech (+0.39%) and Hyflux (+0.84%). The underperforming sector was the FTSE ST Technology Index, which declined -1.14% with Silverlake Axis’ share price declining -2.43% and STATS ChipPAC ’s share price declining -2.97%. The FTSE ST Oil & Gas Index gained +0.38%. The FTSE ST Telecommunications Index remained unchanged.
The three most active Exchange Traded Funds (ETFs) by value today were the IS MSCI India (+1.58%), SPDR Gold Shares (-0.81%), IShares USD Asia HY Bond ETF (-1.83%).
The three most active Real Estate Investment Trusts (REITs) by value were Ascendas REIT (-2.44%), CapitaCommercial Trust (-1.78%), CapitaMall Trust (-0.48%).
The most active index warrants by value today were NKY 14000MBePW140912 (-16.07%), NKY 16000MBeCW140912 (+45.59%), HSI22600MBePW140627 (-7.46%).
The most active stock warrants by value today were KepCorp MBeCW141201 (-3.76%), DBS MB eCW140901 (+1.85%), DBS MB eCW140905 (+1.14%).
Singapore Stock Market
*ST Index 3,302.24 +6.39 3,295.85 -4.86
Volume: 1,256.7M 1,521.8M
Value: $807.1M $1,176.6M
Gainers/Losers: 188/228 186/205
Daily Market Commentary (Securities)
2 Jun 2014
The FBM KLCI index lost 9.13 points or 0.49% on Monday. The Finance Index fell 0.83% to 17238.07 points, the Properties Index up 0.21% to 1390.57 points and the Plantation Index rose 0.11% to 9083.99 points. The market traded within a range of 14.69 points between an intra-day high of 1876.17 and a low of 1861.48 during the session.
Actively traded stocks include SONA, YTL, SONA-WA, HUBLINE, SEAL, EAH-OR, SEM, YTLPOWR, MAS and ASUPREM. Trading volume decreased to 1331.66 mil shares worth RM1953.91 mil as compared to Friday’s 1916.71 mil shares worth RM6012.76 mil.
Leading Movers were GENM (+15 sen to RM4.22), FGV (+10 sen to RM4.34), GENTING (+17 sen to RM9.90), IOIPG (+4 sen to RM2.52) and IHH (+6 sen to RM4.17). Lagging Movers were PETDAG (-76 sen to RM24.48), PETGAS (-68 sen to RM23.82), PBBANK (-46 sen to RM21.14), AXIATA (-1 sen to RM6.80) and CIMB (-12 sen to RM7.22). Market breadth was negative with 297 gainers as compared to 515 losers.
The KLCI closed lower at 1864.25 points, mainly dragged down by losses in heavyweight banking and Petronas-linked stocks. Regionally, most of the Asian markets were in positive territory amid optimism of China’s PMI hitting 5-month high in May.
Date As of: 02 June 2014
Description Volume Value Frequency
ETF 57,700 25,536,800 341
Stock 5,556,660,034 6,075,902,324,058 206,380
Warrant 17,259,300 1,255,130,500 1,639
Total 5,573,977,034 6,077,182,991,358 208,360
As of 2 June 2014 Unit: M.Baht
Type Buy Sell Net
Institution 6,318.47 5,292.14 1,026.33
Proprietary 6,206.56 5,143.46 1,063.10
Foreign 10,005.80 7,311.75 2,694.05
Individual 33,057.79 37,841.26 -4,783.47
Total Trading Value 55,588.61 M.Baht
Vietnam index ends down 0.9 pct on profit booking
Vietnam's benchmark VN Index retreated 0.93 percent at close on Monday to 556.80 points as investors, many of them on short-term investment
plans, secured profits from stocks after recent gains, analysts said.
Equities on Vietnam's major stock exchange advanced in all sessions last week, and gains in some large-caps pushed the index up a combined 3.4 percent in the past five sessions, Reuters data showed.
Buying demand was also weak on Monday as prices were high after a streak of gains, while there was no news to boost sentiment, said analyst Hoang Huy from ACB Securities.
But low volume on Monday indicated that investors did not want to sell shares by all means, and the index is likely to hover around the support level of 540-550 points, Huy added.
Losing shares almost tripled those that gained. PetroVietNam Gas , the country's largest listed firm, lost 1.03 percent and property firm Vingroup fell 1.46 percent.
Here is a snapshot of the VN Index at the close (0801 GMT).
VN Index 556.8
PREV. CLOSE 562.02
% CHANGE -0.93%
SE Asia Stocks-Most up; Thailand at 7-mth high on economic reform hopes
Southeast Asian shares mostly gained on Monday, with the Thai SET Index rising 1.78 percent to its highest level since Oct. 31 as investors pinned
hopes on an upcoming economic reform plan while Philippine shares rallied on bargain hunting.
Investors anticipated a spurt in the Thai economy due to economic policies expected to be released on Wednesday by the National Council for Peace and Order, said CIMB Securities analyst Kasem Prunratanamala.
Banking stocks are likely to benefit especially from the plan as requirements for investment loans would grow in the coming months, Kasem added.
Siam Commercial Bank Pcl led the gains on the Thai Stock Exchange with a 4.4 percent jump, the highest single-day rise since January, Reuters data showed.
Sentiment was also helped by a positive Moody's rating on the Thai economy and a weekend protest against the military coup that was not as bad as investors expected, Kasem said.
Moody's on Monday affirmed Thailand's Baa1 sovereign rating, saying the country's fundamental credit strengths were solid
enough to weather cyclical pressures on the economy and recurring bouts of political instability.
Volumes on the Thai bourse were solid, with 10 billion shares changing hands, a level not seen in nearly seven months, Reuters data showed.
Analysts expected the SET Index to gain further, with the next resistance level seen between 1,460 and 1,480 points.
The Philippine stock market also rallied on Monday as investors looked for bargains in shares that were at one-month lows, hit by weaker-than-expected economic growth data, said Manny Cruz, a market strategist with Asiasec Equities.
The Philippine SE Composite Index rose 0.94 percent, reversing falls since Thursday after data showed the country's economy unexpectedly grew at its slowest pace in two years in the first quarter.
Telecommunications firm Philippine Long Distance Telephone Co led the gainers, advancing 2.06 percent, followed by property firm Ayala Land that rose 2.17 percent.
Other markets moved range-bound, with Singapore's Straits Times Index edging up 0.19 percent, and the Jakarta SE Composite Index 0.37 percent higher.
Malaysia and Vietnam bucked the trend, falling 0.49 percent and 0.93 percent respectively.
SOUTHEAST ASIAN STOCK MARKETS
Market Current Prev Close Pct Move
TR SE Asia Index* 421.81 420.71 +0.26
Singapore 3302.24 3295.85 +0.19
Kuala Lumpur 1864.25 1873.38 -0.49
Bangkok 1440.94 1415.73 +1.78
Jakarta 4912.09 4893.91 +0.37
Manila 6710.40 6647.65 +0.94
Ho Chi Minh 556.80 562.02 -0.93