ASEAN KEY DESTINATIONS
25 March 2015
The Straits Times Index (STI) ended +5.76 points higher or +0.17% to 3419.02, taking the year-to-date performance to +1.60%.
The FTSE ST Mid Cap Index gained +0.38% while the FTSE ST Small Cap Index gained +0.48%. The top active stocks were SingTel (+0.70%), UOB (+0.61%), DBS (-0.05%), Keppel Corp (+1.13%) and OCBC Bank (+0.29%).
The outperforming sectors today were represented by the FTSE ST Utilities Index (+3.48%). The two biggest stocks of the FTSE ST Utilities Index are United Envirotech (+0.31%) and Hyflux (+1.14%). The underperforming sector was the FTSE ST Real Estate Holding and Development Index, which declined -0.33% with Hongkong Land Holdings’ share price declining -0.94% and Global Logistic Properties’ share price gaining +0.78%.
The three most active Exchange Traded Funds (ETFs) by value today were the SPDR Gold Shares (+0.05%), iShares S&P500 Ivv (-0.90%), IS MSCI India (-1.14%).
The three most active Real Estate Investment Trusts (REITs) by value were CapitaMall Trust (-0.46%), Ascendas REIT (-0.78%), Keppel REIT (-0.42%).
The most active index warrants by value today were HSI24400MBeCW150429 (+8.94%), HSI25000MBeCW150429 (+8.86%), HSI24800MBeCW150528 (+8.33%).
The most active stock warrants by value today were DBS MB eCW150915 (+1.20%), UOB MB eCW150701 (+4.51%), KepCorp MBeCW150901 (+6.67%).
Singapore Stock Market
*ST Index 3,419.02 +5.76 3,413.26 +3.13
Volume: 1,240.8M 1,053.3M
Value: $950.6M $1,018.3M
Gainers/Losers: 240/167 239/173
Daily Market Commentary (Securities)
25 March 2015
The FBM KLCI index gained 5.06 points or 0.28% on Wednesday. The Finance Index increased 0.48% to 16080.99 points, the Properties Index dropped 0.76% to 1302.55 points and the Plantation Index rose 0.16% to 7807.83 points. The market traded within a range of 11.01 points between an intra-day high of 1823.19 and a low of 1812.18 during the session.
Actively traded stocks include ASIABIO, GENETEC, PRIVA, MPAY, MQTECH, AWC, WINTONI, KRONO, KNM and CLIQ-WA. Trading volume increased to 2039.22 mil shares worth RM2122.13 mil as compared to Tuesday’s 1945.73 mil shares worth RM1833.91 mil.
Leading Movers were BAT (+220 sen to RM70.00), ASTRO (+6 sen to RM3.23), IHH (+9 sen to RM6.00), IOICORP (+5 sen to RM4.66) and SKPETRO (+2 sen to RM2.32). Lagging Movers were PETCHEM (-5 sen to RM5.50), GENM (-2 sen to RM4.17), AMMB (-3 sen to RM6.32), FGV (-1 sen to RM2.12) and SIME (-4 sen to RM9.26). Market breadth was positive with 449 gainers as compared to 391 losers.
The KLCI extended yesterday’s gains by ending 5.06 points higher at 1819.10, despite overnight losses in US markets as the US dollar rose after U.S. consumer prices rebounded in February coupled with growth in its manufacturing sector. The gain in our benchmark index was underpinned by buying in heavyweight counters, led by IHH Healthcare, Maybank and Sapura Kencana.
Date As of: 25 March 2015
Description Volume Value Frequency
ETF 153,800 142,446,700 12
Stock 7,611,138,447 6,944,224,203,904 229,948
Warrant 24,727,300 817,191,400 886
Total 7,636,019,547 6,945,183,842,004 230,846
As of 25 March 2015 Unit: M.Baht Unit: M.Bah
Type Buy Sell Net
Institution 3,040.85 2,394.50 646.35
Proprietary 3,232.98 2,943.12 289.87
Foreign 8,619.48 9,930.99 -1,311.51
Individual 17,811.20 17,435.90 375.30
Total Trading Value 32,704.51 M.Baht
Vietnam index hits 7-wk low; energy blue chips lea
Vietnam's benchmark VN Index retreated 1.15 percent to close at its lowest since Feb. 4 on Wednesday, led by a tumble in PetroVietNam Gas ,
the country's biggest listed firm by market value.
GAS shares plummeted 6.67 percent to 70,000 dong ($3.26), its lowest close since Jan. 8, as investors took advantage of a buy-back programme to offload shares amid a gloomy outlook on the global oil market.
Petrovietnam Drilling & Well Services Corp , another subsidiary of state oil group PetroVietnam, hit its lowest of over 19 months with a 6.58-percent plunge, also on a subdued sector outlook and the firm's failure to buy back shares.
"Many institutional investors still have GAS and PVD in their portfolios while their intention to divest is still there," said analyst Tran Minh Hoang of Vietcombank Securities, adding that the stocks may fall further in coming sessions.
The index is likely to rebound slightly around its 560-point support level before retreating further, on extended foreigners' selling as the dong has been weakening against the dollar and after their strong buying earlier this year, Hoang added.
Here is a snapshot of the VN Index at the close
VN Index 560.93
PREV. CLOSE 567.43
% CHANGE -1.15%
SE Asia Stocks -Indonesia hits over 4-wk closing low; others mixed
Indonesian shares ended at their lowest in more than four weeks on Wednesday as foreign investors sold risky assets amid a weakening rupiah, while other Southeast Asian markets closed mixed after Chinese factory activity came in weaker than expected.
Jakarta's composite index fell 0.8 percent to its lowest close since Feb. 23, Thomson Reuters data showed. Foreign investors sold a net $30.61 million worth shares.
The rupiah's weakness against the U.S. dollar is still a concern, said Andri Zakarias, an analyst with BNI Securities, adding that foreign selling pressure was still seen in the stock market.
The rupiah was down 0.64 percent on Wednesday, after having risen to its highest in more than two weeks on Tuesday, partly as uncertainty over the timing of U.S. interest rate hikes lifted most emerging Asian currencies. I
Activity in China's factory sector slid to an 11-month low in March as new orders shrank, a private survey showed, indicating the economy may need more policy stimulus.
Vietnam's benchmark VN Index fell 1.15 percent to close at its lowest since Feb. 3, led by a slump in PetroVietNam Gas , the country's biggest listed firm by market value.
In Manila, the main stock index recovered from early losses and closed 0.1 percent up, but the gains were capped by investor concerns over the monetary policy meeting on Thursday.
"Investors are taking precautions before the monetary policy meeting tomorrow and we also expect the trend to continue due to window dressing during the quarterly-end," said Luis Limlingan, head of sales at Manila-based Regina Capital. "There are also concerns over the U.S. Fed rate hike timing."
Foreign investors sold a net $23.58 million worth shares.
In Bangkok, the SET index surrendered its early gains to end 0.1 percent weaker at its lowest close since Jan. 7.
Singapore's key index ended 0.2 percent firmer, while Malaysia closed 0.3 percent up with a $51.41 million net foreign inflow, bourse data showed.
SOUTHEAST ASIAN STOCK MARKETS
Market Current Prev Close Pct Move
Singapore 3419.02 3413.26 +0.17
Kuala Lumpur 1819.10 1814.04 +0.28
Bangkok 1512.80 1514.45 -0.11
Jakarta 5405.49 5447.65 -0.77
Manila 7836.34 7828.94 +0.09
Ho Chi Minh 560.93 567.43 -1.15