ASEAN KEY DESTINATIONS
10 March 2014
The Straits Times Index (STI) ended -9.63 points lower or -0.31% to 3126.63, taking the year-to-date performance to -1.21%.
The FTSE ST Mid Cap Index declined -0.40% while the FTSE ST Small Cap Index declined -0.33%. The top active stocks were DBS (-0.80%), OCBC (-0.63%), CapitaLand (-1.41%), Ezion Holdings (-3.18%) and UOB (unchanged).
The outperforming sectors today were represented by the FTSE ST Industrials Index (+0.22%). The two biggest stocks of the FTSE ST Industrials Index are Jardine Strategic Holdings (+0.49%) and Jardine Matheson Holdings (+0.48%). The underperforming sector was the FTSE ST Consumer Goods Index, which declined -0.94% with Wilmar International ’s share price remaining unchanged and Thai Beverage’s share price declining -1.64%.The FTSE ST Basic Materials Index declined -0.88%. The FTSE ST Financials Index declined -0.48%.
The three most active Exchange Traded Funds (ETFs) by value today were the SPDR Gold Shares (-1.06%), Lyxor Asia (-1.45%), FT/Xinhua China A50 ETF (-2.07%).
The three most active Real Estate Investment Trusts (REITs) by value were Ascendas REIT (-0.46%), Suntec REIT (unchanged), Mapletree Commercial Trust (-1.65%).
The most active index warrants by value today were HSI22400MBePW140328 (+55.56%), HSI22600MBePW140429 (+24.62%), HSI22200MBeCW140429 (-26.47%).
The most active stock warrants by value today were DBS MB eCW140604 (-11.77%), UOB MB eCW140701 (-3.20%), DBS MB ePW140702 (+8.89%).
Singapore Stock Market
*ST Index 3,126.63 -9.63 3,136.26 +7.09
Volume: 1,318.1M 2,376.7M
Value: $890.7M $1,056.4M
Gainers/Losers: 146/272 229/204
Daily Market Commentary (Securities)
10 Mar 2014
The FBM KLCI index lost 10.20 points or 0.56% on Monday. The Finance Index fell 0.74% to 16426.59 points, the Properties Index dropped 0.59% to 1322.49 points and the Plantation Index down 0.50% to 8928.08 points. The market traded within a range of 10.09 points between an intra-day high of 1827.29 and a low of 1817.20 during the session.
Actively traded stocks include MAS, TIGER-WB, DAYA, SUMATEC, HUBLINE, INGENCO, SOLUTN, ASIABIO, HOVID and TIGER. Trading volume increased to 1685.14 mil shares worth RM1858.33 mil as compared to Friday’s 1574.53 mil shares worth RM1814.07 mil. Leading Movers were MISC (+19 sen to RM6.73), GENTING (+2 sen to RM10.04) and ASTRO (+2 sen to RM3.16). Lagging Movers were MAYBANK (-13 sen to RM9.61), IOICORP (-1 sen to RM4.69), IHH (-11 sen to RM3.77), GENM (-8 sen to RM4.21) and SKPETRO (-6 sen to RM4.38). Market breadth was negative with 278 gainers as compared to 519 losers.
The benchmark FBM KLCI closed in the red at 1822.06 points or 0.56% lower from last Friday. The gloomy performance was in tandem with regional peers as fears on the slowdown of China plagued investors. Besides, as expected MAS lost 4% from the knee-jerk reaction of the unprecedented mystery on lost flight MH370 since 8 March at 2.40am local time.
Date As of: 10 March 2014
Description Volume Value Frequency
ETF 44,500 17,095,000 352
Stock 4,217,225,531 6,235,046,776,771 233,977
Right 5,323,600 7,960,300 74
Warrant 354,955,900 11,237,036,400 2,554
Total 4,577,549,531 6,246,308,868,471 236,957
As of 10 March 2014 Unit: M.Baht
Type Buy Sell Net
Institution 2,297.87 5,235.90 -2,938.02
Proprietary 3,574.33 3,149.09 425.23
Foreign 6,220.48 6,088.28 132.20
Individual 18,751.89 16,371.30 2,380.59
Total Trading Value 30,844.56 M.Baht
Vietnam index rises 0.7 pct on solid domestic buying
Vietnam's benchmark VN Index climbed 0.68 percent, the fourth gain in a row, to close at 583.69 points on Monday thanks to solid purchase by Vietnamese investors, an analyst said.
Shares have attracted Vietnamese banks, which preferred investment in securities to lending, and also individual investors who were discouraged by the current low deposit rates offered by banks, said analyst Nguyen Hoang Phuong at Ho Chi Minh City Securities.
Hanoi-based lender Vietcombank led the gain, with shares rising 3.01 percent, followed by dairy product maker Vinamilk that edged up 0.72 percent.
But selling may strengthen soon as exchange-traded funds are expected to sell more than buy Vietnamese shares in coming weeks during their portfolio restructuring, analysts have said.
Here is a snapshot of the VN Index at the close
VN Index 583.69
PREV. CLOSE 579.75
% CHANGE 0.68%
SE Asia Stocks-Malaysia near 1-mth low; China data weighs on region
Malaysian shares fell to a near one-month low on Monday amid heavy selling in Malaysian Airline stocks after a Boeing 777 operated by the airline went missing over the weekend while most markets eased as weak Chinese data dented sentiment.
Malaysia's main stock index closed down 0.6 percent at 1,822.06, its lowest close since Feb. 14. Malaysian Airline System shares ended 4 percent lower, losing 18 percent at one point to a record low of 0.205 ringgit.
About 385 million shares changed hands in the session, 9.15 times the full-day average over the past 30 sessions.
The disappearance of a Malaysian jetliner is an "unprecedented aviation mystery", a senior official said on Monday, with a massive air and sea search now in its third day failing to find any confirmed trace of the plane or the 239 people aboard.
Other aviation-related shares were also weaker. Shares of Malaysia Airports Holdings <MAHB.KL> were down 1.7 percent.
Singapore's key index fell 0.3 percent after four sessions of gains. Property shares such as CapitaLand were among the losers amid expectations about slowing property demand, according to a local broker.
Investors trimmed holding in commodities and coal mining shares such as Indonesia's Adaro Energy and Thailand's Banpu after weekend data showed China's exports unexpectedly tumbled in February.
The Thai SET index fell 0.4 percent while Indonesia's main index eased 0.2 percent amid caution ahead of the central bank's interest rate reviews later in the week.
Bank Indonesia was expected to hold its benchmark reference rate unchanged at 7.5 percent at a policy meeting on Thursday.
The Bank of Thailand's monetary policy committee is expected to cut the benchmark interest rate by 25 basis points to 2 percent in a meeting on Wednesday to help the economy cope with prolonged political unrest in Bangkok.
SOUTHEAST ASIAN STOCK MARKETS
Market Current Prev Close Pct Move
TR SE Asia Index* 402.43 404.96 -0.63
Singapore 3126.63 3136.26 -0.31
Kuala Lumpur 1822.06 1832.26 -0.56
Bangkok 1349.05 1355.08 -0.44
Jakarta 4677.25 4685.89 -0.18
Manila 6487.23 6481.83 +0.08
Ho Chi Minh 583.69 579.75 +0.68
Asian stocks tumble on weak China, Japan data
Asian stock markets sank Monday, battered by weak Chinese trade and a reduced estimate for Japan's economic growth. Shares in Malaysia Airlines tumbled on news of the weekend disappearance of one its jets enroute to Beijing.
Japan's Nikkei 225 fell 1.1 percent to 15,111.92 and China's Shanghai Composite slid 1.7 percent to 2,023.22. Hong Kong's Hang Seng dropped 1.6 percent to 22,294.87.
Markets were also down in Australia, Taiwan, South Korea and Southeast Asia.
Data released on the weekend showed China's exports fell by an unexpectedly large 18 percent in February, possibly denting hopes trade will help drive the slowing economy while communist leaders push ambitious reforms.
China's official 2014 economic growth target of 7.5 percent, announced last week by Premier Li Keqiang, assumes trade also will grow by 7.5 percent. But customs data show combined imports and exports so far this year have shrunk by 4.8 percent.
Meanwhile, Japan reported Monday a record current account deficit for January, and lowered its economic growth estimate for the October-December quarter to 0.7 percent from 1 percent.
Andrew Sullivan of Kim Eng Securities in Hong Kong said sentiment was affected by the weak data from China and from Japan.
"Whilst there are technical factors behind the China data which means it is not as bad as the first look suggests, I think this morning we see selling first and asking questions later," he said in a market commentary.
Shares of Malaysian Airlines System Bhd., the holding company of Malaysia Airlines, were down 8 percent on the Kuala Lumpur stock market.
One of its Boeing 777 jets went missing early Saturday morning on a flight from Kuala Lumpur to Beijing with 239 people on board. Search and rescue efforts in the South China Sea have not yet identified any debris.
On Friday, the Standard & Poor's 500 closed roughly flat, up a point, or 0.05 percent, to 1,878.04. The Dow Jones rose 30.83 points, or 0.2 percent, to 16,452.72 and the Nasdaq composite lost 15.90 points, or 0.4 percent, to 4,336.22.
In the oil market, benchmark U.S. crude for April delivery was down 16 cents at $102.42 a barrel in electronic trading on the New York Mercantile Exchange. The contract rose The contract rose $1.02 on Friday to settle at $102.58.
In currencies, the euro rose to $1.3885 from its previous close of $1.3875. The dollar fell to 103.10 yen from 103.16 yen.