ASEAN KEY DESTINATIONS
23 March 2018
The Straits Times Index (STI) ended 69.98 points or 2% lower to 3421.39, taking the year-to-date performance to +0.54%. For more observations go to www.sgx.com/research
The top active stocks today were Singtel, which declined 1.74%, DBS, which declined 2.56%, OCBC Bank, which declined 2.94%, UOB, which declined 2.70% and Venture, with a 3.56% fall.
The FTSE ST Mid Cap Index declined 1.27%, while the FTSE ST Small Cap Index declined 1.43%.
The three most active Exchange Traded Funds (ETFs) by value today were:
STI ETF (-2.01%)
SPDR Gold Shares (+0.58%)
Nikko Am Singapore STI ETF (-1.96%)
The three most active Real Estate Investment Trusts (REITs) by value were:
Ascendas REIT (-2.61%)
Suntec REIT (-1.04%)
CapitaLand Commercial Trust (-2.20%)
The most active index warrants by value today were:
The most active stock warrants by value today were:
DBS MB eCW180810 (-21.39%)
DBS MB eCW180416 (-41.14%)
KepCorp MBeCW180910 (-13.04%)
Singapore Stock Market
*ST Index 3,421.39 -69.98 3,491.37 -19.76
Volume: 1,902.3M 1,483.3M
Value: $1,853M $1,004.4M
Gainers/Losers: 84/377 158/225
Daily Market Commentary (Securities)
23 March 2018
The FBM KLCI index lost 11.65 points or 0.62% on Friday. The Finance Index fell 0.91% to 18209.03 points, the Properties Index dropped 0.77% to 1100.01 points and the Plantation Index rose 0.08% to 8048.7 points. The market traded within a range of 9.90 points between an intra-day high of 1867.16 and a low of 1857.26 during the session.
Actively traded stocks include GLOTEC, SAPNRG, VIZIONE, RSENA-WA, HUAAN, PUC, HSI-H4A, UNIMECH-WA, HSI-H2W and MAYBANK. Trading volume decreased to 2092.25 mil shares worth RM2152.73 mil as compared to Thursday’s 2288.91 mil shares worth RM2065.91 mil.
Leading Movers were NESTLE (+820 sen to RM150.00), SIMEPLT (+4 sen to RM5.64), IOICORP (+3 sen to RM4.78), IHH (+1 sen to RM6.03) and KLK (+0 sen to RM25.50). Lagging Movers were YTL (-5 sen to RM1.41), KLCC (-22 sen to RM6.88), SIME (-7 sen to RM2.55), GENM (-14 sen to RM5.10) and HLBANK (-50 sen to RM18.72). Market breadth was negative with 190 gainers as compared to 827 losers.
The KLCI closed lower at 1865.22 points amid overnight loss in US market. The performance of our local fell sharply pressured by worries of potential trade war.
Date As of: 23 March 2018
Description Volume Value Frequency
ETF 255,900 88,230,600 50
Stock 11,009,579,794 8,246,441,921,957 357,229
Warrant 1,420,788,726 433,144,536,618 2,109
Total 12,430,624,420 8,679,674,689,175 359,388
As of 23 March 2018 Unit: M.Baht
Type Buy Sell Net
Institution 4,197.15 5,097.91 -900.76
Proprietary 6,711.01 7,549.98 -838.97
Foreign 18,741.56 18,093.97 647.59
Individual 21,033.75 19,941.61 1,092.14
Total Trading Value 50,683.47 M.Baht
SE Asia Stocks-Follow global markets lower on rising U.S.-China trade spat
* Philippines posts fifth consecutive weekly drop
* Vietnam closes lower for first time in 10 sessions
* Singapore drops 2 pct, most in 1-1/2 months
By Aaron Saldanha
March 23 (Reuters) - Southeast Asian stock markets fell sharply on Friday along with global equities amid an escalating trade spat between the United States and China.
China urged the United States on Friday to "pull back from the brink" as U.S. President Donald Trump's plans for tariffs on up to $60 billion in Chinese goods brought the world's two largest economies closer to a trade war.
"Hopefully... some agreement is reached between them in the next couple of weeks," said Manny Cruz, an analyst with Asiasec Equities Inc in the Philippines.
Singapore shares .STI slumped 2 percent, the most in one-and-a-half months, on broad-based losses, with DBS Group Holdings Ltd DBSM.SI declining 2.6 percent.
Philippine shares .PSI dropped 1.9 percent to close below the 8,000 level for the second time this week, with consumer cyclicals and telecom services shares the biggest losers.
The main stock index dropped 3.3 percent this week, marking its fifth straight weekly fall - the longest weekly losing
streak since September 2016.
Heavyweight Ayala Land Inc ALI.PS dropped 3.8 percent, while SM Investments Corp SM.PS fell 3.2 percent.
Indonesian shares .JKSE closed 0.7 percent lower, partially recovering from an intraday drop of 2.7 percent.
Materials and consumer discretionary stocks weighed the most on the benchmark index. Telekomunikasi Indonesia TLKM.JK , the biggest weight on the index, fell 1.1 percent.
An index of the country's 45 most liquid stocks dropped 0.9 percent.
Indonesia should be the hardest hit in the region in the event of a trade war due to the export-reliant nature of its
economy, said Asiasec Equities analyst Cruz.
Malaysian shares .KLSE fell 0.6 percent, weighed down by financials and telecom services. CIMB Group Holdings Bhd CIMB.KL was the biggest drag with a fall of 1.1 percent.
Vietnam shares .VNI retreated from an all-time peak set on Thursday, losing 1.6 percent on broad-based losses. The
benchmark index also snapped a nine-session winning streak.
Financials were the top drags with Joint Stock Commercial Bank for Foreign Trade of Vietnam VCB.HM shedding 2.9 percent.
Broader Asian shares outside Japan were 2.2 percent lower.
SOUTHEAST ASIAN STOCK MARKETS
Market Current Previous close Pct Move
Singapore 3421.39 3491.37 -2.00
Bangkok 1794.21 1798.55 -0.24
Manila 7970.8 8124.45 -1.89
Jakarta 6210.698 6254.074 -0.69
Kuala Lumpur 1865.22 1876.87 -0.62
Ho Chi Minh 1153.59 1172.36 -1.60