ASEAN KEY DESTINATIONS
30 June 2014
The Straits Times Index (STI) ended -15.38 points lower or -0.47% to 3255.67, taking the year-to-date performance to +2.87%.
The FTSE ST Mid Cap Index declined -0.06% while the FTSE ST Small Cap Index declined -0.32%. The top active stocks were SingTel (-1.03%), UOB (-0.31%), DBS (-0.36%), OCBC Bank (-0.31%) and Keppel Corp (-0.19%).
The outperforming sectors today were represented by the FTSE ST Real Estate Investment Trusts Index (+0.06%). The two biggest stocks of the FTSE ST Real Estate Investment Trusts Index are CapitaMall Trust (+0.25%) and Ascendas REIT (-0.86%). The underperforming sector was the FTSE ST Basic Materials Index, which declined -1.34% with Midas Holdings’ share price declining -1.14% and Geo Energy Resources’ share price declining -1.67%. The FTSE ST Oil & Gas Index declined -0.17%. The FTSE ST Telecommunications Index declined -1.03%.
The three most active Exchange Traded Funds (ETFs) by value today were the IS MSCI India (+0.84%), SPDR Straits Times Index ETF (-0.60%), SPDR Gold Shares (-0.24%).
The three most active Real Estate Investment Trusts (REITs) by value were CapitaCommercial Trust (+1.19%), CapitaMall Trust (+0.25%), Ascendas REIT (-0.86%).
The most active index warrants by value today were HSI23200MBeCW140828 (-7.62%), HSI23200MBePW140730 (unchanged), HSI23600MBeCW140730 (-12.73%).
The most active stock warrants by value today were DBS MB ePW140901 (unchanged), KepCorp MBeCW141201 (-0.79%), UOB MB eCW140901 (-12.75%).
Singapore Stock Market
*ST Index 3,255.67 -15.38 3,271.05 -7.52
Volume: 2,330.5M 1,551.4M
Value: $1,052.3M $727.3M
Gainers/Losers: 193/250 189/205
Daily Market Commentary (Securities)
30 Jun 2014
The FBM KLCI index gained 1.78 points or 0.09% on Monday. The Finance Index increased 0.18% to 17172.35 points, the Properties Index dropped 0.40% to 1428.15 points and the Plantation Index down 0.09% to 9230.91 points. The market traded within a range of 4.51 points between an intra-day high of 1882.49 and a low of 1877.98 during the session.
Actively traded stocks include ECONBHD, SUMATEC, MAS, SUMATEC-WB, KNM, TALAMT, KNM-WA, SKPRES-WA, ASIAPAC and HUBLINE. Trading volume increased to 1819.41 mil shares worth RM2303.12 mil as compared to Friday’s 1644.14 mil shares worth RM1803.79 mil.
Leading Movers were KLCCP (+24 sen to RM6.53), HLFG (+18 sen to RM16.14), PPB (+8 sen to RM15.14), RHBCAP (+7 sen to RM8.55) and ASTRO (+7 sen to RM3.51). Lagging Movers were BAT (-84 sen to RM65.54), PETDAG (-24 sen to RM24.04), FGV (-6 sen to RM4.16), PBBANK (-2 sen to RM19.58) and AMMB (-1 sen to RM7.12). Market breadth was negative with 370 gainers as compared to 453 losers.
Monday ended with the KLCI closing higher at 1882.71 points. Market activity throughout the day remained lackluster, as investors both locally and regionally await a packed week of economic data, amid the stable dollar, that will test the market’s optimism for a pick-up in US and global economies.
Funds in Canada and U.S. still keen on Thai companies during roadshow
BANGKOK, June 30, 2014 - The Stock Exchange of Thailand (SET), jointly with Thanachart Securities pcl and Daiwa Securities Group, disclosed that 51 fund managers in Canada and the United States expressed interests on Thai listed companies and investment opportunities during a roadshow trip from June 23-27, amid a political change, covering over 150 meetings held in both countries.
SET Executive Vice President Chanitr Charnchainarong said the Thai bourse has gained success in attracting foreign investors during the roadshow as they showed interest to invest in the Thai stocks. This resulted from better understanding of the current economic and political situation in Thailand after
getting first-hand information from the roadshow team, enabling investors to assess the outlook of the Thai economy and investment potential. It was also
advantageous and an honor that His Excellency Ambassador Pisan Manawapat, Thailand ambassador to Canada and His Excellency Ambassador Vijavat Isarabhakdi, Thailand ambassador to the United States, jointly presented useful information for investment decisions.
"Investors focused on strong fundamentals of the listed companies, particular in their growth potentials, long-term competitiveness, adaptability to situations and strategic growth outlooks after political tensions eased. The roadshow was successful in making the fund participants satisfied with information from Thai companies showing their capabilities and continual improvement," added Chanitr.
Thanchart Securities' Head of Research Pimpaka Nichgaroon said that clients' feedback was generally good despite Thailand being in a political transition period. It was quite obvious to the investors that, like the theme used for the event "Branching out on its own footing," Thai companies were very strong by themselves, less and less dependent on the government for the past decade of political instability. The strong balance sheet, enlarging cash flow stream and improving mentality for growth, were making many Thai firms to extend their growth beyond the country.
Kulachet Dharachandra, Corporate Planning Director, Siam Cement pcl, said investors were enthusiastic in the company's unique strategic business plan adaptable to political uncertainties in the short term, while ready to enhance competitiveness in the long run, as well as successfully expanding into the high-growth ASEAN region. In addition, they were interested in Thailand's infrastructure development policy, with possibilities to move forward the
government's mega projects after the political reform. Evidently, Canada investors' interest in emerging markets has increasingly put spotlights on
Thailand, compared to the previous roadshows over the last five years.
The roadshow in Northern America, in line with SET's investor base expansion plan, aims to attract new groups of investors, especially in Canada which was held for the second time. This event was supported not only by the Royal Thai embassy in each country, but also the Board of Investment. The roadshow was participated by eight companies namely Amata Corporation pcl (AMATA), Central Pattana pcl (CPN), Siam Global House pcl (GLOBAL), Mc Group pcl (MC), PTT Exploration and Production pcl (PTTEP), Ratchaburi Electricity Generating Holding pcl (RATCH), Siam Cement pcl (SCC), and Thaicom pcl (THCOM). The combined market capitalization represents 12 percent of the total.
As of 30 June 2014 Unit: M.Baht
Type Buy Sell Net
Institution 2,328.97 2,364.19 -35.22
Proprietary 2,214.27 2,486.52 -272.25
Foreign 10,166.39 7,768.29 2,398.10
Individual 18,423.01 20,513.64 -2,090.63
Total Trading Value 33,132.63 M.Baht
Vietnam index closes down 0.1 pct on selling
Vietnam's benchmark VN Index retreated 0.12 percent from a five-day rising streak to close at 578.13 points, as cautious investors sold shares near a
critical resistance level, analysts said.
Investors became cautious as the index neared the resistance level of 580 points, while speculative funds into small stocks were not strong enough to prevent falls, said analyst Doan Thi Anh Nguyet of Saigon-Hanoi Securities.
Food producer Masan Group led the losses, with shares falling 1.09 percent, followed by Hanoi-based Vietcombank <VCB.HM> that decreased 0.38 percent.
Here is a snapshot of the VN Index at the close.
VN Index 578.13
PREV. CLOSE 578.82
% CHANGE -0.12%
SE Asia Stocks - Thai shares at 9-month high on bright economic outlook
The Thai index hit a nine-month high on Monday, marking its best quarter in more than a year, as a positive economic outlook lifted appetite for risk assets, while Indonesian shares rose modestly on the quarter in the run-up to the July presidential election.
Thailand's central bank signalled on Monday that Southeast Asia's second-largest economy would avoid a recession this quarter and said manufacturing and consumption had "started to show signs of recovery" in May.
Active buying was seen in large-cap energy and bank shares led by top energy firm PTT and leading lender Bangkok Bank <BBL.BK> , with positive economic prospects supportive to earnings outlooks.
Foreign investors bought shares for a second session, adding a net 2.4 billion baht ($74 million), after Friday's net purchase of 1.9 billion baht ($58.55 million), Thomson Reuters data showed.
Bangkok's SET index closed up 0.2 percent on the day, notching up a gain of nearly 8 percent on the quarter, making it Southeast Asia's best performer.
Jakarta's composite index climbed almost 1 percent to a near two-week high, with Bank Rakyat Indonesia , the third largest stock by market value, and Telkom Indonesia , the fourth biggest, among those actively traded.
The benchmark ended up 2.3 percent in the second quarter after a 11.6 percent rally in the first. The lack of clarity on next month's election has kept most investors on the sidelines, broker Danaseksa said in a report.
"Overall, investors may prefer to add to their positions once confirmation of Jokowi's victory is known, rather than taking the risk of accumulating now despite the market's recent weakness," the broker said.
Major markets in Southeast Asia had a positive quarter, with the Philippines up 6.5 percent, Singapore 2.1 percent higher and Malaysia adding 1.8 percent, but Vietnam fell 2.3 percent, its first in four quarters.
SOUTHEAST ASIAN STOCK MARKETS
Market Current Prev Close Pct Move
TR SE Asia Index* 427.76 426.16 +0.37
Singapore 3255.67 3271.05 -0.47
Kuala Lumpur 1882.71 1880.93 +0.09
Bangkok 1485.75 1483.24 +0.17
Jakarta 4878.58 4845.13 +0.69
Manila 6844.31 6842.15 +0.03
Ho Chi Minh 578.13 578.82 -0.12