ASEAN KEY DESTINATIONS
16 March 2015
The Straits Times Index (STI) ended +13.27 points higher or +0.39% to 3376.04, taking the year-to-date performance to +0.32%.
The FTSE ST Mid Cap Index declined -0.10% while the FTSE ST Small Cap Index declined -0.57%. The top active stocks were DBS (+0.61%), SingTel (+0.48%), UOB (+0.84%), Noble (-2.11%) and OCBC Bank (-0.10%).
The outperforming sectors today were represented by the FTSE ST Consumer Goods Index (+1.30%). The two biggest stocks of the FTSE ST Consumer Goods Index are Wilmar International (+0.62%) and Thai Beverage (+2.76%). The underperforming sector was the FTSE ST Basic Materials Index, which declined -1.75% with Midas Holdings’s share price declining -1.61% and Geo Energy Resources’s share price declining -1.04%.
The three most active Exchange Traded Funds (ETFs) by value today were the STI ETF (+0.60%), IS MSCI India (unchanged), DBXT CSI300 ETF (+2.50%).
The three most active Real Estate Investment Trusts (REITs) by value were CapitaMall Trust (unchanged), CapitaCom Trust (+1.18%), Ascendas REIT (unchanged).
The most active index warrants by value today were HSI24400MBeCW150429 (+10.64%), HSI23600MBePW150429 (-13.33%), HSI23800MBePW150330 (-40.00%).
The most active stock warrants by value today were DBS MB eCW150420 (+3.16%), SGX MB eCW150803 (-6.42%), UOB MB eCW150701 (+4.39%).
Singapore Stock Market
*ST Index 3,376.04 +13.27 3,362.77 -10.83
Volume: 1,064.2M 1,110.6M
Value: $901.1M $910.3M
Gainers/Losers: 155/284 215/192
Daily Market Commentary (Securities)
16 March 2015
The FBM KLCI index lost 1.21 points or 0.07% on Monday. The Finance Index fell 0.03% to 15853.76 points, the Properties Index dropped 0.86% to 1297.29 points and the Plantation Index down 0.22% to 7753.45 points. The market traded within a range of 12.99 points between an intra-day high of 1787.29 and a low of 1774.30 during the session.
Actively traded stocks include SUMATEC, ETITECH, WINTONI, SUMATEC-WB, NEXGRAM, PRIVA, LUSTER, DGSB, PDZ and GLOTEC. Trading volume decreased to 2457.61 mil shares worth RM1896.22 mil as compared to Friday’s 2962.83 mil shares worth RM1823.21 mil.
Leading Movers were PETDAG (+32 sen to RM18.78), IOICORP (+5 sen to RM4.55), DIGI (+6 sen to RM6.28), RHBCAP (+7 sen to RM7.77) and PPB (+10 sen to RM14.22). Lagging Movers were SKPETRO (-5 sen to RM2.29), FGV (-3 sen to RM2.12), GENM (-5 sen to RM4.07), GENTING (-6 sen to RM8.15) and YTL (-1 sen to RM1.58). Market breadth was negative with 294 gainers as compared to 504 losers.
The KLCI ended in red by finishing 1.21 points lower at 1780.54, amid cautious sentiment resulted from subdued oil prices, weakening ringgit coupled with this concerns on week's Federal Reserve meeting.
Date As of: 16 March 2015
Description Volume Value Frequency
ETF 5,800 3,539,300 08
Stock 6,164,855,387 5,694,268,678,312 198,044
Warrant 51,369,600 2,134,574,900 1,468
Total 6,216,230,787 5,696,406,792,512 199,520
TFEX-AFET announce merger to drive Thailand agricultural futures exchange
Bangkok, March 16, 2015 - Thailand Futures Exchange PCL (TFEX) - under the Stock Exchange of Thailand (SET) group, together with The Agricultural Futures Exchange of Thailand (AFET), The Office of the Agricultural Futures Trading Commission (AFTC) and The Securities and Exchange Commission (SEC) have joined hands to consolidate Thai agricultural futures exchange under TFEX's management following the government's policy, ensuring more efficiency and minimizing trading cost, while aiming to expand internationally.
Under the merger plan, AFET, currently operating Thailand's agricultural futures market, will be merged with TFEX, offering a fully integrated trading,
clearing, settlement and depository services of derivatives products. This aims to form one single futures market for all, in order to enhance the efficiency and provide benefits to investors in doing one-stop trading markets for all futures products.
Sathit Limpongpan, Chairman of SET and TFEX, stated, "The merger deal is in line with the global trend to enhance operational efficiency and reducing
transaction cost for investors' benefits. We strongly believe that both domestic and foreign investors can more conveniently trade agricultural futures products through one single derivatives platform provided by TFEX, while placing required collateral at one location only, resulting in effective cost
management. Forward looking, the market will be more easily internationalized, linking to the global network, for the benefit of investors, entrepreneurs and the Thai economy."
SEC Secretary-General Vorapol Socatiyanurak said, "SEC is very pleased to support this merger. In January 2015 SEC approved three key principles covering:
1) products and markets 2) entrepreneurs 3) employees, in order to facilitate smooth integration considering overall picture of futures markets and
stakeholders, consisting of entrepreneurs, investors as well as members of AFET and AFTC. The SEC has been meeting occasionally with members of AFET and AFTC to exchange opinions, as such the process has made a great progress in many aspects. This merger is a vital step for the futures market development in diversifying products and increasing supervision efficiency. This will increase competitiveness of the Thai capital market, providing benefits to entrepreneurs and the Thai economy."
AFET Chairman Chaipat Sahasakul said, "AFET has continuously supported the collaboration with TFEX in the merger. We also have transferred to them the settlement and delivery know-how of agricultural futures products. In addition, we have prepared member brokers to be ready to become TFEX's members. This integration will benefit investors and stakeholders including AFET's members with opportunities to expand their businesses. We appreciate TFEX and the SEC's cooperation and support to AFET in enhancing the Thai agricultural sector."
AFTC Deputy Secretary-General Prayuth Sirisawatpipat said, "In accordance with the Ministry of Commerce's policy, AFTC supports this integration to enhance agricultural futures market for the Thai agricultural sector and to manage the reference price in benchmarking with the global price. AFTC has been coordinating with stakeholders for inputs to amend the Agricultural Futures
Trading Act so as to allow TFEX to trade agricultural futures products. AFTC has also facilitated AFET's members and investors in transferring their trading rights from AFET to TFEX. All these will truly benefit the companies and investors."
The four organizations have continuously prepared for the integration, especially the regulations and systems. The implementation will start
immediately after the Agricultural Futures Trading Act and related laws are in effect. Meanwhile, AFET's members are being prepared to be TFEX's members so as to continue trading seamlessly. After integration, all agricultural futures products will be traded under TFEX's trading systems. The clearing and settlement can only be done at Thailand Clearing House Co., Ltd, under the SET group. TFEX investors can trade agricultural futures products by using their existing futures accounts with TFEX brokers. AFET investors will be able to hold on to their contract until expiration with their current AFET brokers, or open new TFEX futures trading accounts if they wish to trade financial futures products.
As of 16 March 2015 Unit: M.Baht Unit: M.Bah
Type Buy Sell Net
Institution 3,269.89 5,239.31 -1,969.42
Proprietary 4,101.91 4,657.77 -555.85
Foreign 9,610.04 8,898.30 711.74
Individual 28,375.91 26,562.39 1,813.53
Total Trading Value 45,357.76 M.Bah
Vietnam index ends near 1-mth low, blue-chips down
Vietnam's benchmark VN Index dropped 0.9 percent to close at its lowest since Feb. 10, with most blue-chips losing ground, led by the banking sector.
Shares of Hanoi-based Vietcombank, the country's biggest lender by value, fell 3.81 percent to 35,300 dong ($1.65), the lowest close since Feb. 5, while BIDV declined 1.61 percent.
Food producer Masan Group decreased 2.3 percent to a closing low of more than one month, while confectionery firm Kinh Do Corp <KDC.HM> outperformed the market to jump 5.84 percent on shareholders' approval of its cash dividend plan.
Kinh Do will pay 20,000 dong per share, or a 200-percent dividend, the firm said in a statement posted on its website last Friday. (kinhdo.vn)
Here is a snapshot of the VN Index at the close.
VN Index 580.8
PREV. CLOSE 586.1
% CHANGE -0.90%
SE Asia Stocks-Most weaker; Indonesia rises ahead of rate decision
Most Southeast Asian stock markets fell on Monday, with the Thai index closing at a more than two-month low amid sell-offs in index heavyweights but the Indonesian benchmark eked out small gains as banking shares rose ahead of the central bank's rate decision.
The Thai SET index ended down 1.7 percent at 1,515.57, the lowest close since Jan. 7. Among top losers, shares of PTT Exploration and Production Pcl dropped 3.7 percent and Siam Commercial Bank slipped 1.7 percent.
The prospect of a weaker-than-expected economy dashed hopes for strong earnings growth, KT Zmico Securities said in a report.
The broker cut the SET index target for end-2015 to 1,675 from 1,750, reflecting a downgrade in average earnings per share for listed firms to 102 baht from 111.60 baht.
Indonesia edged up 0.2 percent amid foreign inflows into large-cap banks such as Bank Mandiri and Bank Rakyat Indonesia .
Indonesia's central bank is expected to hold its key policy rate steady at 7.50 percent on Tuesday to aid a falling rupiah that has weighed on stock market sentiment.
Investors in the region awaited cues on the direction of U.S. interest rates, with a two-day Federal Open Market Committee policy meeting starting on March 17.
Stocks in the Philippines fell for a second trading day, down 1 percent to its lowest close since Feb. 27, Malaysia ended slightly lower after a rangebound session and Vietnam lost almost 1 percent to the lowest close since Feb. 10.
Singapore ended five sessions of losses and rose 0.4 percent, with battered large-caps such as United Overseas Bank leading the rebound.
SOUTHEAST ASIAN STOCK MARKETS
Market Current Prev Close Pct Move
Singapore 3376.04 3362.77 +0.39
Kuala Lumpur 1780.54 1781.75 -0.07
Bangkok 1515.57 1541.55 -1.69
Jakarta 5 435.27 5426.47 +0.16
Manila 7 730.95 7809.54 -1.01
Ho Chi Minh 580.80 586.10 -0.90