ASEAN KEY DESTINATIONS
11 March 2015
The Straits Times Index (STI) ended -19.67 points lower or -0.58% to 3378.59, taking the year-to-date performance to +0.40%.
The FTSE ST Mid Cap Index declined -0.80% while the FTSE ST Small Cap Index declined -0.76%. The top active stocks were SingTel (-0.24%), Noble (-1.60%), DBS (-0.66%), UOB (-0.70%) and Keppel Corp (unchanged).
The outperforming sectors today were represented by the FTSE ST Utilities Index (+0.12%). The two biggest stocks of the FTSE ST Utilities Index are United Envirotech (unchanged) and Hyflux (+0.58%). The underperforming sector was the FTSE ST Technology Index, which declined -2.11% with Silverlake Axis’ share price declining -2.40% and STATS ChipPAC’s share price declining -1.01%.
The three most active Exchange Traded Funds (ETFs) by value today were the DBXT IBOXX Singapore ETF (-1.31%), SPDR Gold Shares (+0.28%), DBXT FTSE Vietnam ETF (unchanged).
The three most active Real Estate Investment Trusts (REITs) by value were Suntec REIT (-3.18%), CapitaCom Trust (-1.15%), CapitaMall Trust (-0.48%).
The most active index warrants by value today were HSI25000MBeCW150429 (-17.33%), HSI23800MBePW150330 (+23.26%), HSI24400MBeCW150429 (-16.51%).
The most active stock warrants by value today were DBS MB eCW150420 (-14.04%), OCBC Bk MBeCW150803 (-8.74%), SGX MB eCW150803 (-2.46%).
Singapore Stock Market
*ST Index 3,378.59 -19.67 3,398.26 -6.31
Volume: 1,357.8M 1,166.5M
Value: $1,215M $1,180.7M
Gainers/Losers: 114/309 174/250
Date As of: 11 March 2015
Description Volume Value Frequency
Total 6,770,803,441 7,391,021,212,327 263,716
ETF 34,400 22,710,100 331
Stock 6,755,131,809 7,390,453,312,247 262,821
Warrant 15,637,232 545,189,980 564
As of 11 March 2015 Unit: M.Baht Unit: M.Bah
Type Buy Sell Net
Institution 6,905.22 6,541.53 363.69
Proprietary 4,918.12 5,812.14 -894.02
Foreign 10,561.00 12,361.00 -1,799.99
Individual 31,449.76 29,119.44 2,330.32
Total Trading Value 53,834.11 M.Baht
Vietnam index ends down 0.5 pct, energy stocks lead
Vietnam's benchmark VN Index closed down 0.53 percent as most blue-chips lost ground, led by PetroVietnam Gas and other energy companies after parliament approved a plan to triple the environment tax on oil products.
PetroVietnam Gas, the country's biggest listed firm, fell 1.27 percent, while Petrovietnam Transportation Corp dipped 1.4 percent and Petrovietnam Fertiliser and Chemicals Corp slipped 0.96 percent.
A National Assembly committee has approved a plan to triple the environment tax on petrol and most of oil products from May 1, the government said in a statement.
Bank shares, which had helped prevent a steep fall in the morning session, also headed south, including Vietcombank , which fell 0.82 percent and Eximbank that dropped 0.75 percent.
Investors should start buying when the index retreats towards the support level of 580-584 points, BIDV Securities said in a note to clients.
Volume stood at 86.31 million shares on Wednesday, below the five-day average of 105.27 million.
Here is a snapshot of the VN Index at the close
VN Index 586.54
PREV. CLOSE 589.66
% CHANGE -0.53%
SE Asia Stocks - Thai index snaps losses after surprise rate cut
Thai shares snapped two days of losses on Wednesday after the central bank unexpectedly cut a policy interest rate to help lift the domestic economy while others in Southeast Asia fell amid worries about an earlier U.S. interest rate hike.
The Bank of Thailand's decision to cut its benchmark one-day repurchase rate by 25 basis points to 1.75 percent came during the midday break and helped lure buyers back in the afternoon session.
The key SET index ended up 0.8 percent, recovering from a loss in early trade.
The lower interest rate also sent the baht to a near two-month low.
"It's positive for the stock market. The central bank's view on the economy is not encouraging but the market took the rate cut as a compensation for weaker growth," said senior analyst Pichai Lertsupongkij of Thanachart Securities.
In Indonesia, the weaker rupiah further hit sentiment. The Jakarta composite index ended down 0.8 percent at 5,419.57, the lowest close in more than two weeks.
The weakening rupiah is posing a threat to foreign investors' unhedged positions, said Norico Gaman, head of research at BNI Securities in Jakarta. The currency hit a fresh 17-year low on Wednesday.
"After the index rose to its all-time high above 5,500 level, investors are cashing in their profits especially when the rupiah continues to weaken," Gaman said.
Asian stocks skidded to a two-month low on Wednesday as nervous markets recoiled on worries about an earlier U.S. interest rate hike, a prospect that sent the dollar to a 12-year high against the euro.
SOUTHEAST ASIAN STOCK MARKETS
Market Current Prev Close Pct Move
Singapore 3378.59 3398.26 -0.58
Kuala Lumpur 1778.16 1789.73 -0.65
Bangkok 1543.84 1531.04 +0.84
Jakarta 5419.57 5462.93 -0.79
Manila 7790.70 7828.48 -0.48
Ho Chi Minh 586.54 589.66 -0.53