ASEAN KEY DESTINATIONS
21 March 2014
The Straits Times Index (STI) ended +16.19 points higher or +0.53% to 3073.39, taking the year-to-date performance to -2.89%.
The FTSE ST Mid Cap Index gained +0.36% while the FTSE ST Small Cap Index gained +0.27%. The top active stocks were UOB (+2.23%), SingTel (+0.57%), DBS (+1.09%), Fortune REIT (-3.28%) and Keppel Corp (+1.44%).
The outperforming sectors today were represented by the FTSE ST Utilities Index (+2.22%). The two biggest stocks of the FTSE ST Utilities Index are Hyflux (+1.25%) and HanKore (+2.78%). The underperforming sector was the FTSE ST Industrials Index, which declined -1.63% with Jardine Strategic Holdings’ share price declining -4.37% and Jardine Matheson Holdings’ share price declining -3.78%.The FTSE ST Basic Materials Index gained +0.96%. The FTSE ST Financials Index gained +0.96%.
The three most active Exchange Traded Funds (ETFs) by value today were the DBXT FTSE Vietnam ETF (+0.41%), Lyxor Japan Fund (-0.09%), SPDR Gold Shares (+0.58%).
The three most active Real Estate Investment Trusts (REITs) by value were CapitaMall Trust (+1.34%), Suntec REIT (+1.22%), Ascendas REIT (+1.40%).
The most active index warrants by value today were HSI21400MBeCW140429 (+21.28%), HSI21000MBePW140429 (unchanged), HSI22200MBeCW140429 (+19.57%).
The most active stock warrants by value today were UOB MB eCW140701 (+24.73%), KepCorp MBeCW140603 (+6.67%), UOB MB eCW140602 (+26.61%).
Singapore Stock Market
*ST Index 3,073.39 +16.19 3,057.2 -23.55
Volume: 1,580M 1,648.7M
Value: $1,173.5M $1,150.8M
Gainers/Losers: 254/166 136/265
Daily Market Commentary (Securities)
21 Mar 2014
The FBM KLCI index gained 2.31 points or 0.13% on Friday. The Finance Index increased 0.17% to 16439.06 points, the Properties Index up 1.10% to 1348.63 points and the Plantation Index down 0.06% to 8839.16 points. The market traded within a range of 4.84 points between an intra-day high of 1821.69 and a low of 1816.85 during the session.
Actively traded stocks include INGENCO, MEGB, XDL, MISC, SUMATEC, MQTECH, MAS, XDL-WB, TIGER and FLONIC. Trading volume increased to 1751.83 mil shares worth RM3128.59 mil as compared to Thursday’s 1512.08 mil shares worth RM1850.53 mil.
Leading Movers were IOICORP (+7 sen to RM4.77), TM (+11 sen to RM5.91), DIGI (+6 sen to RM5.19), SKPETRO (+5 sen to RM4.22) and UMW (+22 sen to RM10.80). Lagging Movers were AMMB (-12 sen to RM7.05), PBBANK (-6 sen to RM19.16), FGV (-9 sen to RM4.43), TENAGA (-4 sen to RM11.92) and GENTING (-5 sen to RM9.60). Market breadth was positive with 439 gainers as compared to 328 losers.
The KLCI was marginally higher and closed at 1820.48 points on the last trading day of the week. The overnight surge of U.S. market failed to excite our local market, as investors remained cautious over the potential interest rate hike and the tapering pace of bond stimulus program by Federal Reserve. Meanwhile, glove counters were suffered from sell down today, as the sector’s giant, Top Glove Corp, has reported lower earnings as a result of increased competition in the industry.
Date As of: 21 March 2014
Description Volume Value Frequency
Total 5,845,561,749 7,615,753,892,814 228,268
ETF 103,100 49,461,600 111
Stock 5,824,341,449 7,613,925,445,514 227,507
Right 00 00 00
Warrant 21,117,200 1,778,985,700 650
As of 21 March 2014 Unit: M.Baht
Type Buy Sell Net
Institution 2,529.82 2,978.60 -448.78
Proprietary 3,418.39 3,519.98 -101.59
Foreign 11,519.84 11,855.48 -335.63
Individual 15,334.15 14,448.14 886.00
Total Trading Value 32,802.20 M.Baht
Vietnam index closes up 0.25 pct; liquidity high
Vietnam's benchmark VN Index closed up 0.25 percent on Friday in high liquidity, with local buying appetite offsetting foreign selling that stretched
to a third straight session.
Market volume was 230 million shares on the Ho Chi Minh Stock Exchange, the highest in one month. Foreigners sold a net 195 billion dong of equities on Friday.
Property developer Vingroup led the gains, jumping 2.61 percent to end at 78,500 dong ($3.72), followed by a 1.3-percent rise for Vietcombank , the country's biggest listed bank by capitalisation.
Le Dac An, an analyst at Tan Viet Securities, said a selloff by exchange-traded fund Market Vectors Vietnam had erased gains in earlier trading, but he anticipated sentiment would remain positive in the weeks ahead.
The index hit a more than four-year high on Wednesday, boosted by central bank moves to cut key rates and delay the start of a new loans classification procedure, allowing banks more time to tackle bad debts.
Here is a snapshot of the VN Index at the close
VN Index 601.75
PREV. CLOSE 600.26
% CHANGE 0.25%
SE Asia Stocks-Thai stocks fall, political uncertainty lingers
Thai stocks fell for a fourth session on Friday as investors stayed on the defensive due to domestic political uncertainty, although the country's Constitutional Court nullified a Feb. 2 general election.
The benchmark SET index was down 0.07 percent, finishing the week 0.9 percent lower after three consecutive weeks of gains.
The biggest loser was Glow Energy , which shed 8.1 percent. Traders said it was among stocks hit by short selling this week.
The court ruling was in line with expectations but the market weakness reflected a risk and possible delay of the new election, a trader at broker Kasikorn Securities said.
The court did not mention a new election date but election commission chairman Supachai Somcharoen told reporters after the court ruling that if the political situation is stable enough it would take a minimum of three months to organise the election.
Other Southeast Asian stock markets rebounded from the previous session's losses after Wall Street shook off concerns about Federal Reserve policy.
Jakarta's Composite Index recouped earlier losses, helped by selective buying in dividend yielding stocks, with top gainers including shares of Perusahaan Gas Negara. It dropped 3.7 percent on the week, Southeast Asia's worst performer.
In Singapore, the stock index was up 0.5 percent, erasing most of its losses on the week. Property shares such as City Developments led gainers, rebounding after selloffs in property shares early in the week.
Late selling sent Philippine shares 1.2 percent lower, the region's worst performer on the day. Manila bourse said foreign investors were net sellers of stocks worth of 266.7 million peso ($5.9 million).
SOUTHEAST ASIAN STOCK MARKETS
Market Current Prev Close Pct Move
TR SE Asia Index* 399.97 399.36 +0.15
Singapore 3073.39 3057.20 +0.53
Kuala Lumpur 1820.48 1818.17 +0.13
Bangkok 1360.50 1361.47 -0.07
Jakarta 4700.21 4698.97 +0.03
Manila 6339.26 6417.35 -1.22
Ho Chi Minh 601.75 600.26 +0.25