ASEAN KEY DESTINATIONS
27 March 2014
The Straits Times Index (STI) ended +19.14 points higher or +0.61% to 3162.46, taking the year-to-date performance to -0.08%.
The FTSE ST Mid Cap Index gained +0.43% while the FTSE ST Small Cap Index gained +0.50%. The top active stocks were Noble Group (+4.33%), DBS (-0.62%), SingTel (+0.55%), UOB (+0.43%) and Genting Singapore (+0.77%).
The outperforming sectors today were represented by the FTSE ST Industrials Index (+1.70%). The two biggest stocks of the FTSE ST Industrials Index are Jardine Strategic Holdings (+3.28%) and Jardine Matheson Holdings (+2.66%). The underperforming sector was the FTSE ST Health Care Index, which declined -0.52% with Raffles Medical Group ’s share price declining -0.63% and Biosensors International Group’s share price declining -0.53%.The FTSE ST Basic Materials Index gained +0.59%. The FTSE ST Financials Index gained +0.35%.
The three most active Exchange Traded Funds (ETFs) by value today were the SPDR Straits Times Index ETF (+3.19%), SPDR Gold Shares (-1.57%), IS MSCI India (+1.12%).
The three most active Real Estate Investment Trusts (REITs) by value were Suntec REIT (+1.22%), Ascendas REIT (+0.91%), CapitaMall Trust (unchanged).
The most active index warrants by value today were HSI21800MBePW140429 (+1.96%), HSI22200MBeCW140429 (-9.59%), HSI21400MBeCW140429 (-6.04%).
The most active stock warrants by value today were NobleGrpMBeCW150102 (+13.04%), UOB MB eCW140701 (+5.48%), DBS MB eCW140604 (-9.21%).
Singapore Stock Market
*ST Index 3,162.46 +19.14 3,143.32 +39.15
Volume: 2,265.7M 2,320.6M
Value: $1,355M $1,370.2M
Gainers/Losers: 236/175 253/161
Daily Market Commentary (Securities)
27 Mar 2014
The FBM KLCI index gained 7.73 points or 0.42% on Thursday. The Finance Index increased 0.10% to 16592.44 points, the Properties Index up 0.35% to 1353.27 points and the Plantation Index rose 0.02% to 8922.02 points. The market traded within a range of 10.76 points between an intra-day high of 1846.87 and a low of 1836.11 during the session.
Actively traded stocks include SYMPHNY, MAS, DSONIC-CA, XDL, INGENCO, PDZ, KNM-WA, MARCO, SUMATEC and LUSTER. Trading volume decreased to 2053.02 mil shares worth RM2045.51 mil as compared to Wednesday’s 2084.31 mil shares worth RM1974.55 mil.
Leading Movers were TENAGA (+16 sen to RM12.12), PBBANK (+10 sen to RM19.30), SKPETRO (+8 sen to RM4.47), CIMB (+4 sen to RM7.16) and DIGI (+4 sen to RM5.38). Lagging Movers were FGV (-4 sen to RM4.56), YTL (-1 sen to RM1.52), MAYBANK (-1 sen to RM9.65), AMMB (-2 sen to RM7.16) and IOIPG (-2 sen to RM2.64). Market breadth was negative with 387 gainers as compared to 417 losers.
The KLCI extended its gains for the fourth conservative day to end 7.73 points higher at 1846.87, despite the decline in US market as investors are cautious over Russia geopolitical crisis and Japan’s plan to increase sales tax. The performance in our benchmark index was mainly lifted by gains in heavyweight counters, led by Tenaga.
Date As of: 27 March 2014
Description Volume Value Frequency
ETF 17,800 9,135,700 13
Stock 6,729,966,892 6,329,676,961,349 237,872
Warrant 1,017,024,765 112,215,360,650 668
Total 7,747,009,457 6,441,901,457,699 238,553
As of 27 March 2014 Unit: M.Baht
Type Buy Sell Net
Institution 1,706.32 2,791.18 -1,084.86
Proprietary 2,628.26 2,153.79 474.48
Foreign 8,948.56 6,201.17 2,747.39
Individual 9,451.28 11,588.29 -2,137.01
Total Trading Value 22,734.43 M.Baht
Vietnam index ends up 0.35 pct on bargain hunting
The benchmark VN Index closed up 0.35 percent on Thursday, driven by bargain hunting after a two-day fall, analysts said.
Shares in the real estate sector saw the largest boost, with Vingroup gaining 1.36 percent and HAGL Co rising 2.16 percent.
"Every correction or pull back is an opportunity for investors to get into the market," said Nguyen Hoai Nam, deputy manager at Maybank Kim Eng Securities.
The Ho Chi Minh Stock Exchange has lost a combined 3.2 percent over the previous two sessions, after a jump of 20.4 percent since the beginning of 2014, Reuters data showed.
The rebound on Thursday reflected long-term optimism among investors, who are encouraged by Vietnam's stable inflation and economic growth rate, Nam said.
Here is a snapshot of the VN Index at the close
VN Index 590.14
PREV. CLOSE 588.06
% CHANGE 0.35%
Asian stocks vacillate on Wall Street cues, China
Asian stock markets vacillated Thursday as investors waiting to see if weak Chinese economic data might prompt new economic stimulus also weighed a sell-off on Wall Street.
Japan's Nikkei was up 1 percent to 14,622.89 while Hong Kong's Hang Seng shed 0.2 percent to 21,842.89. China's Shanghai Composite was down 0.8 percent to 2,142.68.
Australia's S&P/ASX lost 0.5 percent at 5,350.10. Markets in Southeast Asia were little changed.
India's Sensex reached another new high Thursday, up 0.5 percent to 22,205.46 amid optimism that elections beginning next month would usher in a new, business-friendly government after two years of anemic economic growth.
The varied Asian trading followed losses on Wall Street. The Dow Jones industrial average lost 98.89 points, or 0.6 percent, to 16,268.99. The S&P 500 fell 13.06 points, or 0.7 percent, to 1,852.56. The technology-heavy Nasdaq composite fell more than the other indexes, giving up 60.69 points, or 1.4 percent, to 4,173.58.
Sentiment also appeared to be drifting as investors were unsure whether the recent trend of weak manufacturing in China represented bad news or good news because it might lead to new stimulus measures from Beijing.
"We expect the recent trend of weak Chinese data to continue, but it will likely have a limited impact on overall market sentiment," Credit Agricole's chief market strategist Herve Goulletquer said in a commentary.
Benchmark crude for May delivery was down 2 cents at $100.24 a barrel in electronic trading on the New York Mercantile Exchange. The contract gained $1.07 to close at $100.26 on Wednesday.
In currencies, the dollar strengthened to 102.11 Japanese yen from 101.98 late Wednesday. The euro inched down to $1.3772 from $1.3784.