ASEAN KEY DESTINATIONS
19 March 2014
The Straits Times Index (STI) ended -13.09 points lower or -0.42% to 3080.75, taking the year-to-date performance to -2.66%.
The FTSE ST Mid Cap Index declined -0.20% while the FTSE ST Small Cap Index declined -0.48%. The top active stocks were DBS (-0.57%), SingTel (unchanged), Olam (unchanged), Global Logistic Properties (-1.12%) and Suntec REIT (-2.66%).
The outperforming sectors today were represented by the FTSE ST Basic Materials Index (+0.85%). The two biggest stocks of the FTSE ST Basic Materials Index are Midas Holdings (+2.33%) and SunVic Chemical (unchanged). The underperforming sector was the FTSE ST Real Estate Holding and Development Index, which declined -1.17% with Hongkong Land Holdings ’ share price declining -2.50% and Global Logistic Properties’ share price declining -1.12%. The FTSE ST Financials Index declined -0.45%.
The three most active Exchange Traded Funds (ETFs) by value today were the SPDR Straits Times Index ETF (+0.33%), SPDR Gold Shares (-1.02%), IS MSCI India (+0.16%).
The three most active Real Estate Investment Trusts (REITs) by value were Suntec REIT (-2.66%), CapitaCommercial Trust (+0.68%), CapitaMall Trust (-0.53%).
The most active index warrants by value today were HSI21800MBePW140429 (+0.71%), HSI22200MBeCW140429 (-1.49%), HSI22400UBeCW140529 (-2.41%).
The most active stock warrants by value today were KepCorp MBeCW140701 (-7.25%), DBS MB eCW140604 (-6.25%), UOB MB ePW140602 (-3.51%).
Singapore Stock Market
*ST Index 3,080.75 -13.09 3,093.84 +1.7
Volume: 2,337.7M 1,916.2M
Value: $1,208.7M $943.7M
Gainers/Losers: 156/239 197/217
Daily Market Commentary (Securities)
19 Mar 2014
The FBM KLCI index lost 3.26 points or 0.18% on Wednesday. The Finance Index fell 0.12% to 16417.01 points, the Properties Index up 0.25% to 1333.58 points and the Plantation Index down 0.40% to 8848.82 points. The market traded within a range of 5.34 points between an intra-day high of 1821.33 and a low of 1815.99 during the session.
Actively traded stocks include WINTONI, TIGER-WB, XDL, ASIABIO, SUMATEC, PDZ, IRIS, XDL-WA, MARCO and KNM. Trading volume increased to 1552.03 mil shares worth RM1762.68 mil as compared to Tuesday’s 1210.94 mil shares worth RM1821.31 mil.
Leading Movers were PETCHEM (+6 sen to RM6.72), CIMB (+2 sen to RM7.07), GENTING (+3 sen to RM9.74), TM (+3 sen to RM5.90) and FGV (+2 sen to RM4.55). Lagging Movers were IOICORP (-8 sen to RM4.66), GENM (-9 sen to RM4.22), PETGAS (-18 sen to RM23.08), SKPETRO (-3 sen to RM4.21) and PETDAG (-30 sen to RM30.04). Market breadth was positive with 411 gainers as compared to 358 losers.
The KLCI closed lower at 1817.44 points, in line with the weaker Asian markets. Investors’ sentiment was muted ahead of the Federal Reserve policy review on the bond stimulus program.
Thai alternative bourse aims to strengthen companies, list more quality firms
BANGKOK, March 19, 2014 - The Market for Alternative Investment (mai), under The Stock Exchange of Thailand (SET) group, will focus on increasing the number of quality listed companies, including ensuring that the companies which are not ready for listing and social enterprises (SEs) can access funding conveniently, and boosting market capitalization, said newly-appointed mai President Prapan Charoenprawatt.
mai would cooperate with mai Listed Company Association (maiA) to encourage firms to take advantage of the capital market by raising funds and using the right financial instruments for quality and sustainable growth. mai would also develop quality in corporate governance and social responsibility among listed firms, Prapan, who was appointed as the fifth president of mai from March 1 onwards, added.
To develop the stock market and its listed companies sustainably, mai has aimed to increase its listings by 100 companies over the next five years, raise the market capitalization of existing firms to grow strongly with quality, and build up the companies which are not ready for listing and SEs so that they can qualify to access funding easily.
"Family businesses are among the target groups for listing, as they represent 80 percent of Thai businesses and their heirs mostly have systematic thinking on how to run their firms. In addition, we also see opportunities in renewable energy, health and beauty businesses, and top new companies, e.g., digital TV operators, industrial robot producers, and the Thai premier league football team," Prapan said.
"mai will work with partners to provide know-how for small-sized companies and to help those not been ready for listing so that they can reach funding
conveniently and list on the stock market," Prapan added.
The alternative market will celebrate its 15th anniversary in June 2014. Currently, there are 95 companies listed on mai. As of March 18, 2014, mai index closed at 400.83 points, up 17.03 percent since the start of this year with market capitalization of THB 179.81 billion and average trading value of THB 1.18 billion per day.
As of 19 March 2014 Unit: M.Baht
Type Buy Sell Net
Institution 5,107.00 5,642.28 -535.28
Proprietary 4,097.04 5,386.80 -1,289.76
Foreign 12,854.58 11,854.32 1,000.27
Individual 20,290.16 19,465.38 824.78
Total Trading Value 42,348.78 M.Baht
Vietnam index at 4-yr high on hopes of bad debts easing
Vietnam's VN Index climbed 0.96 percent to end at 605.59 points on Wednesday, its highest in nearly four and a half years, boosted by positive
sentiment from a central bank move that buys banks more time to tackle toxic debts.
Hanoi-based BIDV led the gains, with shares rising 3.57 percent. Military Bank was up 4.58 percent and steel producer Hoa Phat Group jumped 5.21 percent, as most VN30 equities climbed.
The State Bank of Vietnam will require lenders to follow a new process of debt classification from Jan. 1 next year, instead of the June 1 date previously set.
The delay, analysts said, was intended to give more time for banks to work at whittling down their non-performing loans ratios while giving enterprises more time to repay their debts.
"Investors are optimistic because this postponement benefits not only banks but also other sectors in the economy," said analyst Tran Thang Long at BIDV Securities.
Here is a snapshot of the VN Index at the close
VN Index 605.59
PREV. CLOSE 599.85
% CHANGE 0.96%
SE Asia Stocks-Thai stocks end lower, but more inflows after emergency lifted
Thai stocks gave up early gains to end lower on Wednesday on institutional-led selling while Singapore shares snapped a two-day winning streak, with
shares of CapitaLand easing after it sold stake in an Australian firm.
Bangkok's SET index closed down 0.6 percent, extending Tuesday's fall. Profit-taking sent shares of hotelier Central Plaza Hotel down 3.9 percent, making it the worst performer among the top 50 large-caps.
The rise in Thai shares this year has kept some investors cautious on valuations, said strategist Koraphat Vorachet of broker Nomura Pattanasin in Bangkok.
"Investors are more careful on stock valuations. This market psychology is likely to lead to more consolidation," he added.
Domestic institutions sold shares worth a net 1.29 billion baht ($40.11 million) while foreign investors bought a net 1 billion baht ($31.09 million), turning net buyers for a second consecutive day, after an emergency decree was lifted.
Most Southeast Asian stocks came off intraday highs, in line with Asian stock markets <.MIAPJ0000PUS> ahead of a U.S. Federal Reserve policy decision later in the day.
SOUTHEAST ASIAN STOCK MARKETS
Market Current Prev Close Pct Move
TR SE Asia Index* 405.89 406.52 -0.16
Singapore 3080.75 3093.84 -0.42
Kuala Lumpur 1817.44 1820.70 -0.18
Bangkok 1364.27 1373.08 -0.64
Jakarta 4821.46 4805.61 +0.33
Manila 6462.49 6466.55 -0.06
Ho Chi Minh 605.59 599.85 +0.96