ASEAN KEY DESTINATIONS
20 March 2014
The Straits Times Index (STI) ended -23.52 points lower or -0.76% to 3057.23, taking the year-to-date performance to -3.40%.
The FTSE ST Mid Cap Index declined -0.67% while the FTSE ST Small Cap Index declined -0.42%. The top active stocks were DBS (-0.57%), SingTel (-0.57%), UOB (-0.20%), GLP (-2.27%) and CapitaMalls Asia (-2.04%).
The outperforming sectors today were represented by the FTSE ST Health Care Index (-0.42%). The two biggest stocks of the FTSE ST Health Care Index are Raffles Medical Group (-0.94%) and Biosensors International Group (unchanged). The underperforming sector was the FTSE ST Consumer Goods Index, which declined -1.88% with Wilmar International ’s share price declining -1.72% and Thai Beverage’s share price declining -3.15%.The FTSE ST Basic Materials Index declined -1.52%. The FTSE ST Financials Index declined -0.62%.
The three most active Exchange Traded Funds (ETFs) by value today were the SPDR Gold Shares (-1.10%), DBXT FTSE Vietnam ETF (-0.30%), SPDR Straits Times Index ETF (-0.65%).
The three most active Real Estate Investment Trusts (REITs) by value were Suntec REIT(-0.30%), Ascendas REIT (-0.93%), CapitaMall Trust (-1.32%).
The most active index warrants by value today were HSI21800MBePW140429 (+24.65%), HSI22200MBeCW140429 (-30.30%), HSI21400MBeCW140429 (unchanged).
The most active stock warrants by value today were DBS MB ePW140702 (+8.08%), UOB MB ePW140602 (-5.46%), KepCorp MBeCW140701 (-10.94%).
Singapore Stock Market
*ST Index 3,057.2 -23.55 3,080.75 -13.09
Volume: 1,648.7M 2,337.7M
Value: $1,150.9M $1,208.7M
Gainers/Losers: 136/265 156/239
Daily Market Commentary (Securities)
20 Mar 2014
The FBM KLCI index gained 0.73 points or 0.04% on Thursday. The Finance Index fell 0.04% to 16410.64 points, the Properties Index up 0.03% to 1334 points and the Plantation Index down 0.04% to 8844.9 points. The market traded within a range of 7.01 points between an intra-day high of 1818.17 and a low of 1811.16 during the session.
Actively traded stocks include MQTECH, TIGER-WB, XDL, XDL-WB, INGENCO, SOLUTN, INSAS, GPACKET, TIGER and INFOTEC. Trading volume decreased to 1512.08 mil shares worth RM1850.53 mil as compared to Wednesday’s 1552.03 mil shares worth RM1762.68 mil.
Leading Movers were PBBANK (+6 sen to RM19.22), AXIATA (+3 sen to RM6.52), IOICORP (+4 sen to RM4.70), GENM (+5 sen to RM4.27) and CIMB (+3 sen to RM7.10). Lagging Movers were TM (-10 sen to RM5.80), GENTING (-9 sen to RM9.65), MAYBANK (-4 sen to RM9.53), SKPETRO (-4 sen to RM4.17) and PPB (-20 sen to RM16.10). Market breadth was negative with 321 gainers as compared to 440 losers.
Despite opening lower and staying in the red almost the whole session, the KLCI received a boost just 10 minutes before the market close and ended marginally higher at 1818.17 points. Local trading sentiment was cautious as U.S. Federal Reserve may raise its benchmark interest rates as soon as next spring and Bank Negara Malaysia had turned more cautious about economic growth in Malaysia.
Thai bourse to build capital market learning center equipped with cutting-edge technology
BANGKOK, March 20, 2014 – The Stock Exchange of Thailand (SET) will construct “Thai Capital Market Learning Center,” located at its new head office, to be an ultramodern learning center with trendy interactive self-discovery concept, aiming to encourage general public to realize an importance of investment and financial planning. The center is arranging design and construction auction. Auction rules and term of reference will be provided from March 20 to 27, 2014
Pattera Dilokrungthirapop, working group’s chairman for the construction of “Thai Capital Market Learning Center,” said that SET is constructing its new head office on Ratchadaphisek road (next to the Embassy of the People’s Republic of China) to become a comprehensive capital market center and will allocate 1,260 square meters for the capital market learning center. The center is designed to be a main learning source to educate the public for the connection of capital market and economic system and key developments of the capital market. It will also build investment culture, urging the public to understand capital market’s mechanism and realize the importance of investment and financial planning.
SET President Charamporn Jotikasthira and working group’s deputy chairman for the construction said that SET has placed emphasis on developing savings literacy, financial planning and investment. Financial Literacy is a key foundation to strengthen the Thai society to grow sustainably. The center will be one of the main landmarks of capital market and investment learning for SET and the Thai capital market as a whole. The learning center will be designed in the form of interactive self-discovery center with efficient technology to ensure that all gender and age of audiences can learn by themselves. This is part of SET’s long-term capital market development, enabling people to access key capital market learning source conveniently.
SET has announced the auction to design and build the capital market learning center. Auction rules and term of reference will be provided from March 20 to 27, 2014. For more information, please contact 0 2229 2000.
As of 20 March 2014 Unit: M.Baht
Type Buy Sell Net
Institution 3,305.63 5,263.60 -1,957.97
Proprietary 4,101.49 4,440.85 -339.36
Foreign 9,552.22 10,634.85 -1,082.63
Individual 18,706.48 15,326.52 3,379.96
Total Trading Value 35,665.82 M.Baht
Vietnam index closes down 0.9 pct; rebound expected
Vietnam's benchmark VN Index closed down 0.88 at 600.26 points on Thursday as investors took profits from some blue chips following a recent
run of gains.
Dairy product maker Vinamilk led the losses, with shares dropping 2.05 percent, followed by food producer Masan Group , which decreased 2.78 percent.
The VN Index has gained 5.6 percent since the beginning of March. It closed at its highest since October 2009 on Wednesday after the central bank gave lenders more time to tackle bad debts.
"This is a normal reaction in the market after such consistent gains," said Nguyen Hoai Nam of Maybank Kim Eng Securities.
The index is likely to further rise after a few corrections, analysts said, as sentiment improves about a better outlook for the macro economy.
Here is a snapshot of the VN Index at the close
VN Index 600.26
PREV. CLOSE 605.59
% CHANGE -0.88%
SE Asia Stocks-Indonesia leads regional loss on Fed rate hike concerns
Indonesian shares posted their biggest loss in almost two months on Thursday as investors sold off large-caps while Thai shares fell for a third day as
concerns about a sooner-than-expected rise in U.S. interest rates triggered selling across the region.
Jakarta's Composite Index ended down 2.5 percent, its worst one-day fall since Jan. 27. The Top 45 large-cap stocks fell 3.3 percent, with the biggest losers including Bank Danamon and developer Summarecon Agung .
Optimism over Indonesia's election this year has bolstered sentiment in the share market. The sell-offs trimmed its year-to-date gain in U.S. dollar terms to 18.2 percent, but still retained its position as Asia's second best performer so far this year.
The Thai SET index fell 0.2 percent to its lowest close in more than one week, led by a 5 percent drop in shares of Charoen Pokphand Foods , partly due to profit-taking.
Foreign investors were net sellers of Thai shares for the first time in three sessions. The lifting of the emergency decree in Bangkok has attracted foreign buying over the past two sessions.
Malaysia closed nearly unchanged, reporting a net foreign selling of 143.5 million ringgit ($43.78 million)
SOUTHEAST ASIAN STOCK MARKETS
Market Current Prev Close Pct Move
TR SE Asia Index* 399.33 405.92 -1.62
Singapore 3057.20 3080.75 -0.76
Kuala Lumpur 1818.17 1817.44 +0.04
Bangkok 1361.47 1364.27 -0.21
Jakarta 4698.98 4821.46 -2.54
Manila 6417.35 6462.49 -0.70
Ho Chi Minh 600.26 605.59 -0.88