ASEAN KEY DESTINATIONS
19 March 2015
The Straits Times Index (STI) ended +24.41 points higher or +0.73% to 3386.16, taking the year-to-date performance to +0.62%.
The FTSE ST Mid Cap Index gained +0.45% while the FTSE ST Small Cap Index declined -0.01%. The top active stocks were SingTel (+2.42%), DBS (+0.30%), Noble (-1.73%), OCBC Bank (+1.27%) and UOB (+0.22%).
The outperforming sectors today were represented by the FTSE ST Telecommunications Index (+2.18%). The two biggest stocks of the FTSE ST Telecommunications Index are SingTel (+2.42%) and StarHub (+0.24%). The underperforming sector was the FTSE ST Industrials Index, which declined -0.64% with Jardine Matheson Holdings’ share price declining -0.70 % and Jardine Strategic Holdings’ share price declining -1.00%.
The three most active Exchange Traded Funds (ETFs) by value today were the SPDR Gold Shares (+1.69%), Lyxor China H (+0.67%), IS MSCI India (unchanged).
The three most active Real Estate Investment Trusts (REITs) by value were Ascendas REIT (+2.04%), CapitaMall Trust (+4.35%), CapitaCom Trust (+2.35%).
The most active index warrants by value today were HSI24400MBeCW150429 (+26.79%), HSI24400VTePW150429 (-17.90%), HSI25000MBeCW150429 (+28.38%).
The most active stock warrants by value today were DBS MB eCW150420 (+8.33%), UOB MB eCW150701 (-2.73%), KepCorp MBeCW150901 (+5.62%).
Singapore Stock Market
*ST Index 3,386.16 +24.41 3,361.75 -8.2
Volume: 1,202.4M 1,048.7M
Value: $1,180.2M $1,023.4M
Gainers/Losers: 229/230 156/300
Daily Market Commentary (Securities)
18 March 2015
The FBM KLCI index gained 9.70 points or 0.54% on Wednesday. The Finance Index fell 0.05% to 15905.19 points, the Properties Index up 0.00% to 1300.85 points and the Plantation Index rose 0.05% to 7732.84 points. The market traded within a range of 13.06 points between an intra-day high of 1800.83 and a low of 1787.77 during the session.
Actively traded stocks include WINTONI, TMS, INGENCO, YFG, XINGHE, YFG-WA, ETITECH, SUMATEC, PRIVA and GENETEC. Trading volume decreased to 2130.22 mil shares worth RM1873.60 mil as compared to Tuesday’s 2494.11 mil shares worth RM1835.11 mil.
Leading Movers were IHH (+30 sen to RM5.80), GENTING (+36 sen to RM8.60), ASTRO (+10 sen to RM3.19), PPB (+40 sen to RM14.90) and YTL (+4 sen to RM1.65). Lagging Movers were AMMB (-7 sen to RM6.22), CIMB (-4 sen to RM5.92), KLCC (-4 sen to RM6.99), UMW (-2 sen to RM10.74) and DIGI (-1 sen to RM6.26). Market breadth was negative with 303 gainers as compared to 533 losers.
The KLCI rose 9.7 points to finish at 1797.57 points, lifted by buying in heavyweight counters such as IHH Healtcare, Genting and Astro. Meanwhile, market sentiment remained cautious as investors await the Federal Reserve’s statement on interest rate today.
Date As of: 19 March 2015
Description Volume Value Frequency
ETF 13,200 12,657,500 05
Stock 6,629,247,888 6,846,920,758,886 245,463
Warrant 28,230,492 1,264,629,212 1,565
Total 6,657,491,580 6,848,198,045,598 247,033
Thai bourse's listed firms post higher dividend payout ratio in 2014 Bangkok, March 19, 2015 -The total of 385 firms listed on The Stock Exchange of Thailand (SET) and Market Alternative Investment (mai) announced dividend payment performance for 2014 with a combined dividend payment of THB 358.12 billion (approx. USD 10.85 billion) (as of March 13, 2015), representing dividend payout ratio of 54 percent, higher than a year earlier, while stock dividend payment reached new high of over THB 10 billion.
The top five sectors paying higher dividends from a year earlier by value, in descending order, were Information & Communications Technology, Banking, Food & Beverage, Property Development and Electronic Components.
SET Executive Vice President Chanitr Charnchainarong said that, as of March 13, 2015, the 385 companies paying dividends included 318 SET-listed firms with dividends of THB 355.2 billion and 67 mai-listed companies with dividends worth THB 2.92 billion, totaling THB 358.12 billion. These payouts generated a 2014 dividend yield of three percent and dividend payout ratio of 54 percent (excluding property and infrastructure fund), compared to 48 percent a year earlier.
"While the dividend payments of Thai listed companies slightly decreased in value from a year earlier, the number of listed companies able to pay dividends rose and offered higher payout ratio. In addition, 53 firms gave stock dividends worth a total of THB 11.09 billion based on par value, considered an all time-high. These reflected their financial strengths to continuously generate dividends and manage cash flow, as well as increasing business value," added Chanitr.
The five SET-listed firms which paid the highest dividends, in absolute amounts in descending order, were Advanced Info Service pcl (ADVANC), PTT pcl (PTT), Siam Commercial Bank pcl (SCB), PTT Exploration and Production pcl (PTTEP) and Total Access Communication pcl (DTAC), representing 34 percent of SET's total dividends by value.
Constituents in the SET High Dividend 30 Index (SETHD) paid 2014 dividends of THB 162.58 billion, giving a 3.5 percent dividend yield and a 50 percent dividend payout ratio.
The mai-listed firms which paid highest dividends, in absolute amounts in descending order, were Unimit Engineering pcl (UEC), Union Auction pcl (AUCT), Pylon pcl (PYLON), Forth Smart Service (FSMART), Salee Industry pcl (SALEE).
Their total dividends accounted for 30 percent of mai's total dividends.
Property & Construction and Technology Industries paid higher dividends from a year earlier by value.
There are more listed companies considering paying 2014 dividends at a later stage. For more information, please visit www.set.or.th or S-E-T Call Center 0-2-2229 2222
As of 19 March 2015 Unit: M.Baht Unit: M.Bah
Type Buy Sell Net
Institution 5,114.10 3,371.62 1,742.47
Proprietary 3,654.38 3,756.89 -102.52
Foreign 9,394.90 8,604.05 790.85
Individual 20,429.59 22,860.40 -2,430.80
Total Trading Value 38,592.96 M.Baht
Vietnam index ends down 0.85 pct in volatile trade
Vietnam's benchmark VN Index dropped 0.85 percent to close at the lowest since Feb. 9 in weak volume as investors reduced their risk positions.
All big-caps lost ground, led by food producer Masan Group that declined 1.79 percent, followed by dairy product maker Vinamilk , the country's second-biggest listed firm by market value, with a 0.92-percent fall.
Volume dropped 22 percent from the previous session to 84.53 million shares, while Thursday's losses dragged Vietnam's relative strength index to the lowest in Southeast Asia at 40.3, close to the over-sold benchmark of 30.
"I expect buying orders will surge in the last 15 minutes of tomorrow's trade," said deputy manager Nguyen Thanh Lam of Maybank Kim Eng Securities, referring to the last trading day of two major exchange traded funds' quarterly restructuring.
The Market Vectors Vietnam and db-x trackers FTSE Vietnam exchange-traded funds are scheduled to end their portfolio rejigs on Friday.
Here is a snapshot of the VN Index at the close
VN Index 573.74
PREV. CLOSE 578.68
% CHANGE -0.85%
SE Asia Stocks-Major markets up after Fed's dovish comments, inflows
Major Southeast Asian stock markets rose on Thursday as risk appetite returned to laggard emerging stock markets following the U.S. Federal Reserve's dovish comments on interest rates and economic recovery.
Singapore's Straits Times Index gained 0.7 percent to 3,386.16, rebounding from a near two-month closing low on Wednesday, while Jakarta's composite index climbed 0.8 percent after Wednesday's slide to a near one-month low.
Morgan Stanley expected a counter trend rally in emerging equities and a pause in the Japan bull run near term, as Wednesday's FOMC was clearly more dovish than the consensus expected and the US dollar was correcting, its report said.
In Asia ex Japan, it expected Singapore, among yield-sensitive markets, to rally.
Malaysia recorded a net foreign inflows of 241 million ringgit ($65.2 million), Indonesia's net foreign inflows reached 490 billion rupiah, while Thailand saw 791 million baht ($24.2 million) and the Philippines 475 million peso ($10.6 million), stock exchange data showed.
World shares rose back towards all-time highs and a slump then jump in the dollar triggered wild moves in currency markets on Thursday, as investors priced in a later start and a slower pace for future U.S. rate rises.
The Federal Reserve indicated it preferred a more gradual path to normalising U.S. interest rates. It also downgraded its economic growth and inflation projections, signalling it is in no rush to push borrowing costs to more normal levels.
SOUTHEAST ASIAN STOCK MARKETS
Market Current Prev Close Pct Move
Singapore 3386.16 3361.75 +0.73
Kuala Lumpur 1809.13 1797.57 +0.64
Bangkok 1532.13 1531.50 +0.04
Jakarta 5453.85 5413.15 +0.75
Manila 7814.55 7756.58 +0.75
Ho Chi Minh 573.74 578.68 -0.85