ASEAN KEY DESTINATIONS
03 June 2014
The Straits Times Index (STI) ended -5.57 points lower or -0.17% to 3296.67, taking the year-to-date performance to +4.16%.
The FTSE ST Mid Cap Index declined -0.21% while the FTSE ST Small Cap Index declined -0.09%. The top active stocks were Noble (+1.79%), Ascendas REIT (-0.83%), DBS (+0.36%), HanKore Environment (-6.72%) and CapitaMalls Asia (-0.42%).
The outperforming sectors today were represented by the FTSE ST Consumer Services Index (+0.42%). The two biggest stocks of the FTSE ST Consumer Services Index are Jardine Cycle & Carriage (-0.09%) and Genting Singapore (-0.37%). The underperforming sector was the FTSE ST Health Care Index, which declined -1.79% with Raffles Medical Group ’s share price declining -1.37% and Biosensors International Group ’s share price declining -2.63%. The FTSE ST Oil & Gas Index declined -0.10%. The FTSE ST Telecommunications Index declined -0.50%.
The three most active Exchange Traded Funds (ETFs) by value today were the DBXT MSCI Asia Ex Japan ETF (unchanged), IS MSCI India (+0.28%), SPDR Gold Shares (+0.15%).
The three most active Real Estate Investment Trusts (REITs) by value were Ascendas REIT (-0.83%), CapitaCommercial Trust (unchanged), Suntec REIT (+0.83%).
The most active index warrants by value today were HSI23600MBeCW140730 (unchanged), HSI23000MBeCW140627 (-9.00%), HSI23400MBePW140627 (-19.55%).
The most active stock warrants by value today were DBS MB eCW140901 (+0.91%), DBS MB eCW140905 (+2.81%), UOB MB eCW140901 (-4.62%).
Singapore Stock Market
*ST Index 3,296.67 -5.57 3,302.24 +6.39
Volume: 1,508.5M 1,418.9M
Value: $1,272.8M $919.9M
Gainers/Losers: 195/239 202/236
Daily Market Commentary (Securities)
3 Jun 2014
The FBM KLCI index gained 8.30 points or 0.45% on Tuesday. The Finance Index increased 0.20% to 17272.22 points, the Properties Index up 0.57% to 1398.49 points and the Plantation Index rose 1.48% to 9218.76 points. The market traded within a range of 6.18 points between an intra-day high of 1872.55 and a low of 1866.37 during the session.
Actively traded stocks include YTL, ETITECH, MAS, BENALEC, ASUPREM, IRIS, OLYMPIA, SEM, SUMATEC and AAX. Trading volume decreased to 1197.00 mil shares worth RM1970.00 mil as compared to Monday’s 1331.66 mil shares worth RM1953.91 mil.
Leading Movers were IOICORP (+22 sen to RM5.19), HLFG (+30 sen to RM15.82), ASTRO (+5 sen to RM3.45), AXIATA (+10 sen to RM6.90) and GENTING (+10 sen to RM10.00). Lagging Movers were MISC (-13 sen to RM6.01), SKPETRO (-6 sen to RM4.07), PBBANK (-8 sen to RM21.06), IHH (-1 sen to RM4.16) and UMW (-2 sen to RM10.78). Market breadth was positive with 395 gainers as compared to 369 losers.
The KLCI climbed before finishing at 1872.55 points as bargain hunting activities lifted the local market while the regional market was buoyed by the positive sentiment following the encouraging China’s factory’s sector data.
Date As of: 03 June 2014
Description Volume Value Frequency
Total 5,368,519,346 5,967,998,218,843 199,466
ETF 1,400 726,500 14
Stock 5,344,511,271 5,967,037,222,293 198,423
Warrant 24,006,675 960,270,050 1,029
Thai bourse's new president to strengthen Thai capital market towards international level
BANGKOK, June 3, 2014 - The Stock Exchange of Thailand (SET)'s new president, Kesara Manchusree, gears up to enhance investment products, diversify to new businesses, including commodities and bonds, build long-term quality investor base, with more cooperation among other exchanges in the region, underlining the Thai bourse's role as a regional leading exchange.
"To boost SET's competitiveness and retain our position as one of the region's leading bourses, SET aims to focus on three areas, which are adding new products in terms of quantity and variety, diversifying more into commodities and bonds, and building long-term investor base. In addition, SET will corporate with other regional exchanges to offer offshore and onshore products to meet investor needs," said Kesara, the SET's twelfth president.
Boosting financial instruments and listed companies would help attract more global investors, and adding variety of securities and derivatives products
would increase utilization of the Thai capital market. On top of that, investors should have more choices to meet their sophisticated investment needs. Also as significant, SET would speed up to support small- and medium-sized enterprises, with large numbers and funding needs for business expansions, in raising funds via the Thai stock market, as they were vital mechanism for Thailand's sustainable economic development, Kesara added.
In offering comprehensive new types of securities investment tools, especially products related to commodities and bonds, broadly traded in overseas markets, will enhance SET's profile. In addition, SET also plans to boost post-trade services for foreign markets, particularly in neighboring countries. To increasingly expand investors' base, the Thai bourse is committed to boosting financial literacy for investors and the general public by focusing new jobbers, keeping them informed and urging them to take benefits from investment, particularly the long-term returns and financial freedom after retirement.
With more emphasis on global status, SET is well-equipped to support more listed companies to stand at international level, or in global rankings such as Dow Jones Sustainability Indices (DJSI) or international corporate governance rankings. It is significant that SET will continue to improve accessibility by using online technology adding into services in order to make real-time and easy access for investors.
During the second half of this year, SET will continue to follow the 2014 strategy aiming to build a quality-focused capital market culture by enhancing
issuers, investors, intermediaries, products and services to cope with higher uncertainties from domestic and external factors. SET also aims to become a key regional connector and plans to enhance its infrastructure continuously and efficiently.
As of 2 June 2014 Unit: M.Baht
Type Buy Sell Net
Institution 7,802.91 7,783.64 19.26
Proprietary 5,813.52 5,128.54 684.99
Foreign 13,639.03 10,552.11 3,086.92
Individual 37,694.78 41,485.95 -3,791.17
Total Trading Value 64,950.24 M.Baht
Vietnam index ends up 0.35 pct; volume near 4-wk low
Vietnam's benchmark VN Index closed up 0.35 percent, led by gains in some blue chips, but analysts said a decline might emerge soon due to weak money inflow that dragged volume down to near its four-week low on Tuesday.
PetroVietNam Gas , Vietnam's largest listed firm, rose 1.55 percent, and food producer Masan Group advanced 1.02 percent.
"Investors also picked up bottomed-out small caps, but buying demand was weak," said analyst Doan Thi Anh Nguyet of Saigon-Hanoi Securities, referring to the stocks that have fallen to their supportive levels.
Volume hit the lowest level since May 7, trading at 59 million shares on Tuesday, Reuters data showed.
Analysts expected the index would not extend rising, unless supportive news appear to boost sentiment.
Here is a snapshot of the VN Index at the close
VN Index 558.76
PREV. CLOSE 556.8
% CHANGE 0.35%
SE Asia Stocks-Philippine, Thai shares outperform regional markets
Most Southeast Asian stocks rose on Tuesday, in line with other regional equities, as the Thai index touched a fresh seven-month high on hopes of economic reform and Philippine shares posted their biggest gains since April 21.
Asian stocks climbed on Tuesday, supported by solid U.S. and Chinese data that sent Japanese shares to two-month highs.
The Thai SET index extended its gains to a sixth session, rising 0.92 percent to 1,454.24, the highest close since Oct. 29.
The military junta governing Thailand after a May 22 coup recently unveiled measures aimed at reviving an economy threatened by recession after months of political turmoil.
Measures such as price caps on fuel and loan guarantees for small firms are expected to kick-start the Thai economy, which has boosted shares of banks and industrial developers.
Consumer confidence in Thailand also rose in May after falling for 13 straight months, according to a university survey carried out after the army seized power.
Kasikornbank Pcl was up 2.84 percent at a near-one-year high at close while telecommunications firm Advanced Info Service Pcl <ADVANC.BK> rose 1.69 percent.
The Philippine exchange gained for a second straight session, ending 1.35 percent higher and reversing previous week's losses after weaker-than-expected GDP growth data.
"Investors are slowly ignoring the disappointment over the 1Q14 GDP from last week," Asiasec Equities said in a report.
Analysts also attributed Tuesday's gains in the $172-billion Philippine market to the positive data from China and the United States.
Property firm Ayala Land Inc led the gainers, advancing 3.59 percent, followed by Universal Robina Corp that closed 2.75 percent higher.
Other stock markets in the region also advanced. Indonesia's Jakarta SE Composite Index rose 0.61 percent while Malaysian shares gained 0.45 percent.
Vietnam's benchmark VN Index closed up 0.35 percent, though analysts expected losses to emerge soon due to poor fund inflows that dragged volumes on Tuesday to the lowest in nearly four weeks.
Singapore's Straits Times Index bucked the trend, retreating 0.17 percent from its one-year closing high hit on Monday.
SOUTHEAST ASIAN STOCK MARKETS
Market Current Prev Close Pct Move
TR SE Asia Index* 424.49 421.99 +0.59
Singapore 3296.67 3302.24 -0.17
Kuala Lumpur 1872.55 1864.25 +0.45
Bangkok 1454.24 1440.94 +0.92
Jakarta 4942.16 4912.09 +0.61
Manila 6800.84 6710.40 +1.35
Ho Chi Minh 558.76 556.80 +0.35