ASEAN KEY DESTINATIONS
11 March 2014
The Straits Times Index (STI) ended +2.77 points higher or +0.09% to 3129.4, taking the year-to-date performance to -1.12%.
The FTSE ST Mid Cap Index remain unchanged while the FTSE ST Small Cap Index gained +0.61%. The top active stocks were DBS (-0.31%), Keppel Corp (+1.13%), Noble Group (+2.78%), Olam (+4.23%) and HanKore (+4.69%).
The outperforming sectors today were represented by the FTSE ST Utilities Index (+2.53%). The two biggest stocks of the FTSE ST Utilities Index are Hyflux (+1.64%) and HanKore (+4.69%). The underperforming sector was the FTSE ST Health Care Index, which declined -0.81% with Raffles Medical Group ’s share price declining -1.81% and Biosensors International Group’s share price remaining unchanged. The FTSE ST Basic Materials Index gained +0.06%. The FTSE ST Financials Index declined -0.09%.
The three most active Exchange Traded Funds (ETFs) by value today were the IS MSCI India (+0.65%), SPDR Gold Shares (+0.98%), Diamonds DIA (+5.71%).
The three most active Real Estate Investment Trusts (REITs) by value were Suntec REIT (unchanged), CapitaMall Trust (-0.26%), Ascendas REIT (-0.46%).
The most active index warrants by value today were HSI22200MBeCW140429 (+2.40%), HSI22400MBePW140328 (-7.14%), HSI23000MBeCW140429 (+5.97%).
The most active stock warrants by value today were DBS MB eCW140604 (-5.56%), KepCorp MBeCW140603 (+7.69%), KepCorp MBeCW140701 (+12.00%).
Singapore Stock Market
*ST Index 3,129.4 +2.77 3,126.63 -9.63
Volume: 2,654.9M 1,318.1M
Value: $1,074.7M $890.7M
Gainers/Losers: 237/183 146/272
Daily Market Commentary (Securities)
11 Mar 2014
The FBM KLCI index gained 6.49 points or 0.36% on Tuesday. The Finance Index increased 0.25% to 16467.41 points, the Properties Index up 0.51% to 1329.21 points and the Plantation Index rose 0.46% to 8968.77 points. The market traded within a range of 5.19 points between an intra-day high of 1828.73 and a low of 1823.54 during the session. Actively traded stocks include XDL, MAS, IRIS, ASUPREM, TIGER-WB, KNM, ASIABIO, TM, AXIATA and CIMB. Trading volume increased to 1688.83 mil shares worth RM2050.36 mil as compared to Monday’s 1685.14 mil shares worth RM1858.33 mil.
Leading Movers were PETGAS (+52 sen to RM23.50), MISC (+22 sen to RM6.95), TM (+12 sen to RM5.92), CIMB (+4 sen to RM7.07) and PBBANK (+6 sen to RM19.10). Lagging Movers were GENTING (-5 sen to RM9.99), SKPETRO (-3 sen to RM4.35), YTL (-1 sen to RM1.53), MAYBANK (-1 sen to RM9.60) and UMW (-6 sen to RM11.36). Market breadth was positive with 416 gainers as compared to 354 losers.
The benchmark FBM KLCI closed in a positive note today, edging up 6.49 points to 1828.55. The buoyant performance was in tandem with regional peers as news from Japan to continue its monetary stimulus aided to ignite interest in investors.
Date As of: 11 March 2014
Description Volume Value Frequency
ETF 36,900 13,590,000 249
Stock 5,347,663,524 5,971,202,583,577 237,113
Right 20,000 20,000 02
Warrant 50,980,400 3,762,608,700 2,049
Total 5,398,700,824 5,974,978,802,277 239,413
Thai bourse joins Thanachart group to expand investor base in provinces
BANGKOK, March 11, 2014 - The Stock Exchange of Thailand (SET), together with Thanachart group, continues to increase the number of investors by holding the "Thanachart & SET Investment Fair" in four provinces, starting with Phuket on March 15, to provide investment expertise and information through seminars and exhibitions to and investors. The three other fairs will be in Nakhon Pathom, Nakhon Sawan, and Ubon Ratchathani.
This project is part of SET's "Banker to Broker" campaign to expand investment channels through bank branches and their affiliated brokerages nationwide.
SET Executive Vice President Kesara Manchusree said that SET had successfully enhanced savings and investment through the "Banker to Broker" project by encouraging savers to invest in the stock or derivatives markets via banks. This year, SET joins full force with Thanachart to hold roadshows in provinces with the most economic potential, which are Nakhon Pathom, Nakon Sawan, Phuket, and Ubon Ratchathani. SET expects more than 100,000 participants to join the fair, reinforcing SET's commitment to expand the investor base with quality.
Thanachart Securities CEO and President Assavanee Tailangka said that Thanachart's securities investors growth had outstripped SET's overall investor
rise by 5 percent. This above-average performance was due to Thanachart's numerous branches nationwide, their continued expansion and innovative
investment products, such as global trading service, equity-linked notes and derivatives warrants. In addition, Thanachart valued the data system
development, including research and information, as shown by their recently earning the Best Analyst reward from the Association of Securities Companies.
Thanachart was also committed to developing efficient and convenient trading via internet linked to smartphones, which contributed significantly to their
becoming among the top banks offering online securities trading service.
Thanachart Fund Management CEO Boonchai Kiattanavith said investing via mutual funds had become more and more popular, growing continuously as investors, especially in the provinces, could access information from more channels, making it possible to learn investing effectively. This type of investment instrument was considered as having a high probability of getting good returns as there were many choices to match individual needs.
As of 11 March 2014 Unit: M.Baht
Type Buy Sell Net
Institution 3,815.36 2,585.23 1,230.13
Proprietary 3,403.69 3,155.95 247.74
Foreign 8,646.98 8,395.49 251.49
Individual 17,244.45 18,973.81 -1,729.36
Total Trading Value 33,110.48 M.Baht
Vietnam index ends up 0.8 pct, falls expected ahead
Vietnam's benchmark VN Index ended up 0.82 percent, the fifth consecutive rise, at 588.50 points on Tuesday, as investors buying energy and
insurance stocks lent support, but falls are expected in coming days, analysts said.
Stocks of Petrovietnam Gas , Vietnam's biggest listed firm, closed up 1.8 percent at 85,000 dong ($4.03) each.
Baoviet Holdings <BVH.HM> , the country's largest insurer, also rose 4.84 percent to end at 49,800 dong.
The market could see falls in coming weeks as exchange-traded funds may sell more than buy during their portfolio restructuring, analysts said.
Foreign investors, whose behaviour has been closely observed by Vietnamese traders to find clues for the market's future direction, sold 10.3 million shares on Tuesday and bought only 6.77 million shares, the exchange's data show.
Foreign investors have been net sellers of Vietnamese equities since February, after being net buyers between October 2013 and January 2014, according to the exchange.
Here is a snapshot of the VN Index at the close
VN Index 588.5
PREV. CLOSE 583.69
% CHANGE 0.82%
SE Asia Stocks-Firmer; Thai shares rise to 3-month high ahead of rate decision
Thai stocks rose on Tuesday to a three-month high ahead of a monetary policy decision by Thailand's central bank while other Southeast Asian markets
recovered after most of them eased in the previous session due to weak Chinese export data.
The day's trading was strong in volume, but gains were capped by concerns about sluggish economic growth in China and continued tensions over Ukraine.
Thailand's main index ended 1.1 percent firmer at its highest close since Dec. 11 on hopes the central bank would cut its benchmark interest rate by 25 basis points on Wednesday to help the economy cope with damage from months of political unrest.
The stock market, which saw a foreign funds inflow of $7.77 million on Tuesday, may gain further as Thailand is expected to lift a state of emergency in capital Bangkok due to pressure from businesses and in the light of improving security.
Morgan Stanley, after the market closed on Tuesday, downgraded Thailand to "underweight" from "equalweight," citing sluggish economic growth and prolonged political instability.
Philippine shares closed 0.7 percent higher, with foreign investors buying a net $30.7 million worth, while Malaysia gained 0.4 percent, with $22.1 million foreign inflows.
Singapore's benchmark Straits Times index ended 0.1 percent up after touching a near two-month high in early trade.
The Jakarta Composite Index ended 0.6 firmer at a near eight-month closing high, despite foreign investors selling a net $9.27 million in shares.
Vietnam's benchmark VN Index ended up 0.8 percent, its fifth consecutive gain.
SOUTHEAST ASIAN STOCK MARKETS
Market Current Prev Close Pct Move
TR SE Asia Index* 404.62 402.38 +0.56
Singapore 3129.40 3126.63 +0.09
Kuala Lumpur 1828.55 1822.06 +0.36
Bangkok 1364.28 1349.05 +1.13
Jakarta 4704.21 4677.25 +0.58
Manila 6529.58 6487.23 +0.65
Ho Chi Minh 588.50 583.69 +0.82