ASEAN KEY DESTINATIONS
Daily Market Commentary (Securities)
25 March 2016
The FBM KLCI index lost 11.74 points or 0.68% on Friday. The Finance Index fell 0.86% to 14489.4 points, the Properties Index dropped 0.49% to 1181.7 points and the Plantation Index down 1.11% to 7879.18 points. The market traded within a range of 13.13 points between an intra-day high of 1712.89 and a low of 1699.76 during the session.
Actively traded stocks include SGB-PR, KNM, SONA-WA, COMCORP, AAX, AAX-WA, GAMUDA-WE, IOICORP, MINETEC-WA and OCK-WA. Trading volume decreased to 1429.56 mil shares worth RM1148.08 mil as compared to Thursday’s 1686.04 mil shares worth RM1882.18 mil.
Leading Movers were IHH (+3 sen to RM6.53), TM (+2 sen to RM6.60), PPB (+4 sen to RM16.72), MISC (+2 sen to RM8.87) and AXIATA (+1 sen to RM5.87). Lagging Movers were SKPETRO (-9 sen to RM1.91), IOICORP (-18 sen to RM4.65), CIMB (-9 sen to RM4.70), GENTING (-15 sen to RM9.35) and AMMB (-7 sen to RM4.51). Market breadth was negative with 295 gainers as compared to 465 losers.
The KLCI plunged and closed lower at 1703.79 points amid overnight losses in US Market. The performance of our local bourse was bogged down by profit taking kicked in.
As of 25 March 2016 Unit: M.Baht
Type Buy Sell Net
Institution 3,433.20 4,095.11 -661.91
Proprietary 4,878.76 5,120.20 -241.44
Foreign 5,391.76 7,160.40 -1,768.64
Individual 21,331.95 18,659.96 2,671.99
Total Trading Value 35,035.67 M.Baht
Vietnam shares edge up in mixed trade
Vietnam's benchmark VN Index .VNI inched up 0.25 percent on Friday, buoyed by banking stocks, but most investors preferred to stay on the sidelines due to a lack of supportive news.
The country's four out of six listed lenders rallied, including Vietcombank VCB.HM , the country's second-biggest bank by market value, and BIDV BID.HM . Vietcombank rose 1.66 percent, while BIDV advanced 0.58 percent.
The index, Southeast Asia's best performer last year, has lost 0.65 percent this week, after falling 0.25 percent last week, Thomson Reuters data showed.
Here is a snapshot of the VN Index .VNI at the close
VN Index 572.08
PREV. CLOSE 570.66
% CHANGE +0.25%
SE Asia Stocks-Malaysia at 1-week low; Vietnam rebounds
Malaysia's key stock index hit a more than one-week low, while the Thai benchmark fell for a second day on Friday as a strong U.S. dollar dented sentiment in the region but Vietnam rebounded after a trade surplus in the first quarter of 2016.
Kuala Lumpur composite index .KLSE ended the day down 0.68 percent at the lowest close since March 17. It posted a weekly
decline of 0.7 percent after three straight weeks of increases.
Among top index losers, Sapurakencana Petroleum SKPE.KL shed 4.5 percent after the oil and gas services firm posted its first quarterly net loss in at least five years due to impairment from a slump in global oil prices.
The Thai key SET index .SETI was down 0.6 percent at 0910 GMT, heading for a gain of about 1 percent on the week. Thailand reported an export growth in February, the first time in 14 months, thanks to two unusual items.
Vietnam's key index .VNI rose 0.3 percent on the day, trimming losses on the week to 0.7 percent after the country's trade balance swung to a surplus in the first quarter of 2016.
Stock markets in Singapore .STI , Indonesia .JKSE and the Philippines .PSI were closed for a public holiday.
SOUTHEAST ASIAN STOCK MARKETS
Change on the day
Market Current Prev Pct Move
Bangkok (0920 GMT) 1396.69 1405.41 -0.62
Kuala Lumpur 1703.79 1715.53 -0.68
Ho Chi Minh 572.08 570.66 +0.25