ASEAN KEY DESTINATIONS
Daily Market Commentary (Securities)
13 March 2018
The FBM KLCI index gained 2.81 points or 0.15% on Tuesday. The Finance Index increased 0.24% to 18154.1 points, the Properties Index dropped 0.09% to 1136.68 points and the Plantation Index rose 0.21% to 8105.11 points. The market traded within a range of 10.34 points between an intra-day high of 1864.31 and a low of 1853.97 during the session.
Actively traded stocks include QES, SAPNRG, NEXGRAM, NWP, KBUNAI, EURO, IRETEX, PUC, IRETEX-WA and BJCORP. Trading volume decreased to 2290.21 mil shares worth RM2080.13 mil as compared to Monday’s 2468.31 mil shares worth RM2400.19 mil.
Leading Movers were NESTLE (+690 sen to RM157.40), AMMB (+12 sen to RM4.19), HLBANK (+34 sen to RM19.02), MISC (+10 sen to RM7.09) and HAPSENG (+12 sen to RM9.80). Lagging Movers were MAXIS (-9 sen to RM5.89), GENM (-7 sen to RM5.23), ASTRO (-2 sen to RM2.36), GENTING (-7 sen to RM8.92) and PMETAL (-2 sen to RM4.97). Market breadth was negative with 402 gainers as compared to 511 losers.
The KLCI inched up to 1864.03 points despite overnight mixed performance in US market. The performance of our local bourse was lifted by buying interest in heavy weight counters led by Nestle.
Date As of: 13 March 2018
Description Volume Value Frequency
ETF 820,602 96,148,890 43
Stock 11,727,683,393 8,878,956,439,279 389,755
Warrant 107,296,000 21,763,465,800 1,081
Total 11,835,799,995 8,900,816,053,969 390,879
As of 13 March 2018 Unit: M.Baht
Type Buy Sell Net
Institution 7,497.62 6,062.92 1,434.69
Proprietary 10,089.34 8,098.60 1,990.74
Foreign 24,939.57 25,281.23 -341.66
Individual 29,178.11 32,261.88 -3,083.77
Total Trading Value 71,704.63 M.Baht
SE Asia Stocks-Most rise; U.S. inflation data awaited
Most Southeast Asian stock markets recovered from early falls to close higher on Tuesday, in line
with broader Asia, but the gains were limited ahead of U.S. inflation data which could provide cues about the pace of
interest rate hikes in the world's largest economy.
February's consumer price inflation data is due later in the global day, and follows low wage growth numbers last week, which eased concerns about inflation and over a faster pace of rate hikes by the Federal Reserve.
Investors are on the look out for Tuesday's U.S. inflation report as well as China's industrial output and retail sales
data for February due on Wednesday, said Fio Dejesus, an equity research analyst at RCBC Securities.
MSCI's broadest index of Asia-Pacific shares outside Japan was up 0.2 percent after spending much of the
day swerving in and out of negative territory.
In Southeast Asia, Malaysian shares gained on financials and consumer staples. Public Bank Bhd rose
Singapore shares .STI rose 0.4 percent, helped by real estate and financial stocks.
DBS Group Holdings Ltd gained 1.2 percent, while Oversea-Chinese Banking Corp Ltd OCBC.SI added 1 percent.
Thai shares .SETI climbed for a second consecutive session after declining for eight sessions through Friday. PTT Pcl PTT.BK was the biggest boost to the benchmark, with a rise of 1.4 percent.
Indonesian shares .JKSE dropped 1.4 percent in broad-based losses. Telekomunikasi Indonesia lost 2.6 percent.
An index of the country's 45 most liquid stocks fell 1.7 percent.
Philippine shares .PSI fell, hurt by losses in real estate and financial stocks. BDO Unibank Inc BDO.PS declined 2.5 percent.
When the U.S. rate hike occurs, "international fund managers may be more risk averse, which would mean foreign selling. The typical proxy stocks are also the most heavily weighted (in the
benchmark)," said RCBC Securities' Dejesus.
"When names like Ayala Land, SM Investments Corp fall, then you would see the index go further in the red."
SOUTHEAST ASIAN STOCK MARKETS:
Market Current Previous close Pct Move
Singapore 3553.73 3540.19 0.38
Bangkok 1809.9 1800.32 0.53
Manila 8419.57 8453.5 -0.40
Jakarta 6412.846 6500.686 -1.35
Kuala Lumpur 1864.03 1861.22 0.15
Ho Chi Minh 1133.31 1126.29 0.62