ASEAN KEY DESTINATIONS
The Straits Times Index (STI) ended +16.45 points higher or +0.52% to 3188.62, taking the year-to-date performance to +0.75%.
The FTSE ST Mid Cap Index declined -0.01% while the FTSE ST Small Cap Index remain unchanged. The top active stocks were DBS (+0.56%), UOB (+1.41%), SingTel (unchanged), Noble Group (-2.07%) and CapitaLand (+2.48%).
The outperforming sectors today were represented by the FTSE ST Real Estate Holding and Development Index (+0.82%). The two biggest stocks of the FTSE ST Real Estate Holding and Development Index are Hongkong Land Holdings (-0.31%) and Global Logistic Properties (+1.15%). The underperforming sector was the FTSE ST Utilities Index, which declined -1.19% with Hyflux’s share price declining -0.41% and HanKore’s share price declining -0.73%.The FTSE ST Basic Materials Index gained +0.61%. The FTSE ST Financials Index gained +0.51%.
The three most active Exchange Traded Funds (ETFs) by value today were the DBXT FTSE Vietnam ETF (-0.03%), SPDR Gold Shares (-0.25%), IS MSCI India (+0.16%).
The three most active Real Estate Investment Trusts (REITs) by value were CapitaMall Trust (-0.26%), Suntec REIT (unchanged), Ascendas REIT (+0.44%).
The most active index warrants by value today were HSI22200MBeCW140529 (+5.71%), HSI22200MBeCW140429 (+2.53%), STI 3150MBeCW140829 (+2.63%).
The most active stock warrants by value today were KepCorp MBeCW140701 (+5.71%), SGX MB eCW141001 (unchanged), UOB MB eCW140701 (+6.29%).
Singapore Stock Market
*ST Index 3,188.62 +16.45 3,172.17 +9.71
Volume: 2,157.6M 2,940.1M
Value: $1,246.7M $1,205.4M
Gainers/Losers: 226/158 235/185
Daily Market Commentary (Securities)
31 Mar 2014
The FBM KLCI index lost 1.52 points or 0.08% on Monday. The Finance Index increased 0.13% to 16630.83 points, the Properties Index up 0.77% to 1362.74 points and the Plantation Index down 0.86% to 8960.22 points. The market traded within a range of 13.26 points between an intra-day high of 1852.29 and a low of 1839.03 during the session.
Actively traded stocks include INSAS, TM, TENAGA, MAYBANK, SKPETRO, ARMADA, CIMB, DIGI , SIME and PCHEM. Trading volume increased to 1938.13 mil shares worth RM2377.13 mil as compared to Friday’s 1804.34 mil shares worth RM2029.81 mil.
Leading Movers were PETCHEM (+10 sen to RM6.91), SIME (+5 sen to RM9.31), IHH (+4 sen to RM3.85), MAYBANK (+2 sen to RM9.68) and GENTING (+3 sen to RM10.00). Lagging Movers were KLK (-72 sen to RM24.20), PETGAS (-22 sen to RM23.80), BAT (-100 sen to RM59.12), IOICORP (-3 sen to RM4.80) and CIMB (-2 sen to RM7.15). Market breadth was negative with 384 gainers as compared to 408 losers.
The KLCI ended 1.52 points lower at 1849.21, despite the firmer Asian markets as investor sentiment improved following speculation over China’s new stimulus. The performance of our benchmark index was dragged by profit taking activities in heavyweight stocks such as KLK and Petronas following last week’s gains.
The KLCI extended its gains in the last trading day of the week to end higher at 1850.73, underpinned by gains in Genting and KLK. The performance of our benchmark index was in line with the gains in Asian market as investor sentiment was buoyed by the news of China’s new stimulus to support their economy growth.
As of 31 March 2014 Unit: M.Baht
Type Buy Sell Net
Institution 2,176.06 2,436.21 -260.15
Proprietary 2,291.71 2,765.70 -473.99
Foreign 8,826.78 5,013.26 3,813.52
Individual 9,245.70 12,325.07 -3,079.37
Total Trading Value 22,540.24 M.Baht
Vietnam index eases 0.5 pct, volume around 3-wk low
Vietnam's benchmark VN Index ended down 0.46 percent on Monday, with trading volume falling to the lowest level in more than three weeks as cautious investors held back after recent falls, analysts said.
Volume neared 120 million shares, the lowest since March 5, Reuters data showed.
Food producer Masan Group led the losses, with shares dropping 2.51 percent, followed by Hanoi-based lender BIDV that fell 1.18 percent.
Though buying demand was increasing, the index is unlikely to surpass 600 points as selling force around this level is very high, especially from retailers, said analyst Vu Tran Vinh Thuy at Dai Viet Securities.
The index has lost a combined 2.2 percent over the past week, having hit a two-week low on March 26 due to margin selling.
Here is a snapshot of the VN Index at the close
VN Index 591.57
PREV. CLOSE 594.29
% CHANGE -0.46%
SE Asia Stocks-Thai stocks outperform in March; jitters remain
Thai stocks closed at their highest in almost two weeks on Monday, marking gains for a second straight month, as month-end buying lifted large-caps and
banking shares while the Singapore index climbed to near four-month highs led by property stocks.
Bangkok's SET index closed up 0.5 percent at 1,376.26, the highest since March 13, advancing 3.7 percent on the month, making it Southeast Asia's best performer.
Shares of Kasikornbank , Siam Commercial Bank and Shin Corporation were among those actively traded amid buying via a number of block trades.
The Thai bourse has brought in a net $323 million worth of foreign inflows so far in the month to Friday, the first net inflow in five months.
Concerns over the political impact on the economy could keep risk appetite in check, brokers said, as the Bank of Thailand expected the domestic economy to contract in the first quarter after consumption and investment fell.
Prime Minister Yingluck Shinawatra on Monday showed up to defend herself against charges linked to a ruinous government rice pledging scheme that could lead to her removal from office.
Singapore's key Straits Times Index finished up 0.5 percent, climbing 2.5 percent in March, a second consecutive month of gains. Investors bought recently battered property shares such as CapitaLand and CapitaMalls Asia .
Stocks in Malaysia, the Philippines and Vietnam edged slightly higher during the month.
Indonesia , which was shut on Monday, jumped 3.2 percent for the month, among the region's outperformers.
Foreign investors have bought 24.6 trillion rupiah ($2.17 billion) worth of Indonesian shares so far this year to Friday, sending the index 19.5 percent higher in U.S. dollar terms, making it Asia's best performer.
SOUTHEAST ASIAN STOCK MARKETS
Market Current Prev Close Pct Move
TR SE Asia Index* 409.13 406.94 +0.54
Singapore 3188.62 3172.17 +0.52
Kuala Lumpur 1849.21 1850.73 -0.08
Bangkok 1376.26 1368.90 +0.54
Manila 6428.71 6359.62 +1.09
Ho Chi Minh 591.57 594.29 -0.46