ASEAN KEY DESTINATIONS
30 June 2016
The Straits Times Index (STI) ended 48.2 points or 1.73% higher to 2840.93, taking the year-to-date performance to -1.45%.
The top active stocks today were DBS, which gained 1.48%, SingTel, which gained 2.23%, OCBC Bank, which gained 2.36%, UOB, which gained 2.56% and CapitaLand, with a 1.99% advance.
The FTSE ST Mid Cap Index gained 1.03%, while the FTSE ST Small Cap Index rose 0.25%.
The outperforming sectors today were represented by the FTSE ST Technology Index, which rose 4.49%. The two biggest stocks of the Index - Silverlake Axis and CSE Global – ended 6.19% higher and 1.12% lower respectively.
The underperforming sector was the FTSE ST Real Estate Investment Trusts Index, which rose 0.23%. CapitaMall Trust shares declined 2.29% and Ascendas REIT increased 0.81%.
The three most active Exchange Traded Funds (ETFs) by value today were:
IS MSCI India 100 (+2.21%)
STI ETF (+1.41%)
SPDR Gold Shares (-0.22%)
The three most active Real Estate Investment Trusts (REITs) by value were:
Ascendas REIT (+0.81%)
Capitamall Trust (-2.29%)
Suntec REIT (+1.43%)
The most active index warrants by value today were:
The most active stock warrants by value today were:
OCBC Bk MBeCW161004 (+11.48%)
DBS MB eCW161031 (+11.25%)
DBS MB ePW161003 (-12.82%)
Singapore Stock Market
*ST Index 2,840.93 +48.2 2,792.73 +36.2
Volume: 1,496.6M 1,029.5M
Value: $1,827.4M $1,036.2M
Gainers/Losers: 252/138 262/135
Daily Market Commentary (Securities)
30 June 2016
The FBM KLCI index gained 11.87 points or 0.72% on Thursday. The Finance Index increased 0.68% to 14205.21 points, the Properties Index dropped 0.37% to 1132.85 points and the Plantation Index down 0.14% to 7563.67 points. The market traded within a range of 10.06 points between an intra-day high of 1654.17 and a low of 1644.11 during the session.
Actively traded stocks include HSI-H27, MBSB-OR, VIVOCOM, HIAPTEK, HSI-C21, SKPETRO, HSI-H25, POS-CV, SKPETROC26 and ARMADA. Trading volume increased to 1462.67 mil shares worth RM2004.18 mil as compared to Wednesday’s 1346.43 mil shares worth RM1542.18 mil.
Leading Movers were BAT (+190 sen to RM52.70), HLFG (+38 sen to RM14.68), YTL (+4 sen to RM1.67), CIMB (+9 sen to RM4.37) and SIME (+13 sen to RM7.59). Lagging Movers were WPRTS (-5 sen to RM4.20), TM (-5 sen to RM6.77), IOICORP (-3 sen to RM4.34), ASTRO (-1 sen to RM2.93) and MISC (-2 sen to RM7.46). Market breadth was negative with 385 gainers as compared to 387 losers.
The KLCI extended its midday gains and closed higher at 1654.08 points, taking cue from overnight gains in Wall Street as tension eased over the impact of a U.K. exit from the European Union.
Date As of: 30 June 2016
Description Volume Value Frequency
ETF 218,200 190,121,200 34
Stock 7,618,063,671 8,498,194,628,607 289,596
Warrant 41,792,200 12,515,102,700 178
Total 7,660,074,071 8,510,899,852,507 289,808
Thai bourse to list ALT Telecom on July 4
BANGKOK, June 30, 2016 - The Stock Exchange of Thailand (SET) will list ALT Telecom pcl, a one-stop telecommunication product and service provider, on July 4, under the ticker symbol "ALT". The company has a market capitalization at its initial public offering (IPO) of THB 4.7 billion (approx. USD 132.4 million).
SET Senior Executive Vice President Santi Kiranand said ALT would list and start trading on SET's Technology industry group, Information & Communication Technology sector. The company was a one-stop telecommunication operator with three main business functions of producing, installing and repairing telecom base stations such as telecom turnkey site solutions, radio access network and outside plant, as well as distributing telecommunication devices and offering telecommunication infrastructure leasing.
ALT has a paid-up registered capital of THB 500 million, consisting of 750 million existing common shares and 250 million newly-issued shares with a par value of THB 0.50 each. During June 24 and 27-28, 2016, it offered newly-issued shares to the general public via IPO at THB 4.70 each, for a total of THB 1.18 billion, Finnex Advisory Co., Ltd. is its financial advisor, while Finansia Syrus Securities pcl is its underwriter.
ALT Managing Director Preeyaporn Tangpaosak said this listing would strengthen the ALT's financial capabilities and support ALT's business plan to increase recurring income proportion from rental income of infrastructure, for the company stability and sustainable growth. The fund raised would be used to invest in fiber-optic network of the rail poles for rental. This network would connect to the company's network to serve customers in all regions of Thailand, responding to demand of network operator and industry growth.
ALT's three major shareholders after the IPO are Preeyaporn Tangpaosak (74.40 percent), Templetion Investment Management (Singapore) PTE LTD (0.70 percent), and Tawan Soonthonyankit (0.60 percent). The IPO price, set by a book building process, was equivalent to price-to-earnings ratio (P/E ratio) of 23.50 times, calculated by using the company's net profit in the past four quarters (Q2/2015-Q1/2016) divided by fully diluted shares, representing earnings per share of THB 0.20. ALT's dividend policy is to pay no less than 40 percent of net profits after taxes and reserves.
For more information on ALT, please see the company's prospectus at the Securities and Exchange Commission's website at www.sec.or.th and general information at the company's website at www.alt.co.th , as well as www.set.or.th
As of 30 June 2016 Unit: M.Baht
Type Buy Sell Net
Institution 7,164.36 7,767.28 -602.92
Proprietary 5,454.95 4,985.10 469.85
Foreign 20,033.36 13,160.79 6,872.57
Individual 27,172.70 33,912.21 6,739.51
Total Trading Value 59,825.37 M.Baht
SE Asia Stocks-Close higher as post-Brexit rebound continues
Most Southeast Asian markets closed higher on Thursday, tracking regional peers, as markets shrugged off the impact of Britain's stunning vote to leave the European Union.
MSCI's broadest index of Asia-Pacific shares outside Japan .MIAPJ0000PUS was up 1.5 percent at 0900 GMT, pulling further
away from a one-month low hit on Friday. The index has dropped about 0.8 percent in the April-June quarter.
Singapore shares .STI rose 1.7 percent, helped by consumer service providers. The index posted its biggest intra-day
percentage gain since Oct. 2011.
Singapore's total bank lending in May rose from April on stronger demand for manufacturing loans, central bank data
showed on Thursday.
United Overseas Bank UOBH.SI gained 2.6 percent after the city-state's number 3 lender suspended its loans programme for
London properties in the wake of Brexit.
The Singapore index has shed 1.5 percent during the first half of the year.
Vietnam's benchmark index .VNI hit a 11-month high during the session, led by healthcare shares, before closing up 0.3
percent. Dhg Pharmaceutical Joint-Stock Co DHG.HM gained 4.6 percent.
Sentiment improved following rebounds across global markets and as funds boosted prices of Vietnamese shares to improve
their end-June portfolio performance, analysts said.
Analysts expect stocks to retreat in the next few sessions as the index approaches a historically strong resistance level of 640 points and on a lack of supportive news.
The Philippine index .PSI erased early gains of as much as 2.3 percent to end marginally lower.
Philippine stocks were up earlier in the session on Rodrigo Duterte's inauguration as president. However, when the market
approached 8,000 points, "there was strong resistance.
Eventually, the market corrected in the afternoon," said an analyst with SB Equities.
"It went up too high, too fast."
However, the index has gained 7.4 percent in the April-June quarter.
SOUTHEAST ASIAN STOCK MARKETS
Market Current Prev close Pct Move
Singapore 2840.93 2792.73 1.73
Bangkok 1444.99 1442.66 0.16
Manila 7796.25 7798.53 -0.03
Jakarta 5016.647 4980.105 0.73
Kuala Lumpur 1654.08 1642.21 0.72
Ho Chi Minh 632.26 630.12 0.34