ASEAN KEY DESTINATIONS
04 June 2014
The Straits Times Index (STI) ended -16.50 points lower or -0.50% to 3280.17, taking the year-to-date performance to +3.64%.
The FTSE ST Mid Cap Index declined -0.43% and the FTSE ST Small Cap Index declined -0.33%. The top active stocks were Ascendas REIT (-2.93%), DBS (+0.06%), SingTel (+0.26%), Golden Agri-Resources (-1.75%) and UOB (-1.50%).
The outperforming sectors today were represented by the FTSE ST Technology Index (+5.02%). The two biggest stocks of the FTSE ST Technology Index are Silverlake Axis (+3.00%) and STATS ChipPac (+25.51%). The underperforming sector was the FTSE ST Basic Materials Index, which declined -1.33% with Midas Holdings’ share price declining -1.14% and Geo Energy Resources’ share price declining -1.75%. The FTSE ST Telecommunications Index gained +0.25%. The FTSE Oil and Gas Index declined -0.37%.
The three most active Exchange Traded Funds (ETFs) by value today were IS MSCI India (-0.28%), Lyxor Asia (-0.78%), SPDR Gold Shares (+0.05%).
The three most active Real Estate Investment Trusts (REITs) by value were Ascendas REIT (-2.93%), CapitaCommercial Trust (-0.30%), CapitaMall Trust (-2.45%).
The most active index warrants by value today were HSI23200MBePW140730 (+7.59%), HSI23600MBeCW140730 (-10.11%), HSI23000MBeCW140627 (-14.29%).
The most active stock warrants by value today were KepCorp MBeCW141201 (-0.78%), DBS MB eCW140901 (-3.60%), DBS MB eCW140905 (-2.19%).
Singapore Stock Market
*ST Index 3,280.17 -16.5 3,296.67 -5.57
Volume: 1,828.4M 1,508.5M
Value: $1,233.2M $1,272.8M
Gainers/Losers: 158/263 195/239
Daily Market Commentary (Securities)
4 Jun 2014
The FBM KLCI index lost 7.35 points or 0.39% on Wednesday. The Finance Index fell 0.29% to 17222.79 points, the Properties Index up 0.71% to 1408.42 points and the Plantation Index down 0.40% to 9182.1 points.
The market traded within a range of 6.76 points between an intra-day high of 1869.60 and a low of 1862.84 during the session. Actively traded stocks include SALCON, TIGER, HUBLINE, XINGHE, JAKS, CNOUHUA, KNM-WA, IRIS, EFFICEN and OPENSYS.
Trading volume decreased to 1023.00 mil shares worth RM1426.00 mil as compared to Tuesday’s 1197.00 mil shares worth RM1970.00 mil. Leading Movers were MISC (+9 sen to RM6.10), PETGAS (+6 sen to RM24.06), KLK (+4 sen to RM24.24), and ASTRO (+1 sen to RM3.46). Lagging Movers were PBBANK (-16 sen to RM20.90), TENAGA (-14 sen to RM11.98), GENTING (-17 sen to RM9.83), IOICORP (-8 sen to RM5.11) and YTL (-2 sen to RM1.61). Market breadth was negative with 334 gainers as compared to 407 losers.
The KLCI fell and closed at 1865.2 points as profit taking activities were seen after the surge yesterday. The market sentiment was rather muted following the mixed performance of the US and Asian market
Date As of: 04 June 2014
Description Volume Value Frequency
ETF 800 681,900 08
Stock 4,319,930,229 5,519,965,070,356 199,731
Right 00 00 00
Warrant 26,268,600 1,252,263,600 961
Total 4,346,199,629 5,521,218,015,856 200,700
Thai bourse continues to support capital market skills among university students
BANGKOK, June 4, 2014 - The Stock Exchange of Thailand (SET) is committed to building quality professionals in the securities industry and the Thai capital market, getting them ready for the upcoming ASEAN Economic Community (AEC), by continuously providing investment knowledge and understanding among students of 99 universities nationwide. The textbook project has recently been launched granting 7,500 textbooks this year.
SET Executive Vice President Chanitr Charnchainarong said that on one hand SET aimed for qualitative development of listed companies, investors, products and services. On the other hand, SET planted the seeds for professionals in the securities industry, the key components in growing the Thai capital market strongly with stability. Another step forward was to cultivate and search for students with high potential to become professionals in this industry. Ideally, they should have insightful understanding of the capital market and investment in compliance with international standard. We provided opportunities and expected the bright young generation in this globalization era to lead the Thai capital market to compete with regional and global capital market efficiently.
The total of 99 universities in Thailand will be granted 7,500 textbooks in finance and finance-related fields, covering finance management, investment,
risk management, as well as tutorial books for securities and derivatives investment consultant licenses and other international standard certificates.
In addition, SET has planned to collaborate with universities nationwide in adding the capital market course in their curriculum. Currently, SET has joined with university network nationwide in setting up 179 "SET Corners" in Bangkok and various provinces, incuding seven SET Investment Centers (SET IC), with mutual benefits in becoming modernized and comprehensive center of investment learning.
As of 4 June 2014 Unit: M.Baht
Type Buy Sell Net
Institution 4,610.78 4,689.29 -78.52
Proprietary 4,338.25 4,153.30 184.95
Foreign 8,885.48 8,303.70 581.78
Individual 33,509.32 34,197.54 -688.22
Total Trading Value 51,343.83 M.Baht
Vietnam index ends down 0.95 pct on widespread selling
Vietnam's benchmark VN Index retreated 0.95 percent at the close on Wednesday as investors offloaded shares on expectation that the market could
not further rise, an analyst said.
Trading was thin in the previous sessions as selling at high prices did not match buying demand at lower levels, said analyst Nguyen The Minh of Viet Capital Securities.
"Low liquidity in recent sessions has made investors impatient so they sold shares on Wednesday," Minh added.
Falling stocks outnumbered the gainers, with property firm Vingroup dropping 3.73 percent and top insurer Baoviet Holdings closing 4.03 percent lower.
But solid bargain hunting demand on small- and mid-cap shares emerging near the end of the session indicated the index might not fall sharply, Minh said.
Here is a snapshot of the VN Index at the close
VN Index 553.46
PREV. CLOSE 558.76
% CHANGE -0.95%
SE Asia Stocks-Thai shares snap rising streak; others weaker
Southeast Asian stocks fell on Wednesday, as investors were cautious ahead of the European Central Bank's monetary policy meeting on Thursday, and Thai shares snapped six sessions of gains amid technical-led selling.
The Thai SET index ended down 0.3 percent, after a rally of 4.8 percent since May 27, which sent its 14-day Relative Strength Index (RSI) to above 70 in the previous session, indicating shares were overbought. The RSI fell to 68.1 on Wednesday.
Profit-taking hit consumer and construction stocks such as Charoen Pokphand Foods and industrial conglomerate Siam Cement , which had hit a one-month high on Monday after broker CLSA's recommendation reflected some uplift in infrastructure spending.
CLSA's global equity strategist Christopher Wood upgraded Thailand to 'overweight' from 'neutral' in the Asia Pacific ex-Japan relative-return portfolio, according to the CLSA Greed & Fear report dated June 1.
"It is based on the view that the probability for now is that the military will be successful in restoring a degree of temporary stability in the at least 15-month period that is likely to ensue before there is another poll," the report said.
The Thai stock market saw net foreign buying worth 582 million baht ($17.81 million) on Wednesday, for a third straight session.
Fund flows to the region were mixed. The Malaysian bourse reported net inflow of 38 million ringgit ($11.77 million) while the Philippine stock exchange reported net outflow of 423 million peso ($9.65 million).
Asian shares stepped back from their recent highs on Wednesday ahead of expected easing from the European Central Bank. MSCI's broadest index of Asia-Pacific shares outside Japan fell 0.4 percent.
SOUTHEAST ASIAN STOCK MARKETS
Market Current Prev Close Pct Move
TR SE Asia Index* 421.99 424.54 -0.60
Singapore 3280.17 3296.67 -0.50
Kuala Lumpur 1865.20 1872.55 -0.39
Bangkok 1449.40 1454.24 -0.33
Jakarta 4932.56 4942.16 -0.19
Manila 6766.57 6800.84 -0.50
Ho Chi Minh 553.46 558.76 -0.95