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ASEAN STOCK WATCH Asean Affairs  3 March 2014 


03 March 2014

The Straits Times Index (STI) ended -23.31 points lower or -0.75% to 3087.47, taking the year-to-date performance to -2.45%.

The FTSE ST Mid Cap Index declined -0.73% while the FTSE ST Small Cap Index declined -1.11%. The top active stocks were GoldenAgri (+5.41%), Jardine Matheson Holdings (-0.67%), StarHub (-1.91%), SingTel (-1.11%) and CapitaMall (+2.11%).

The outperforming sectors today were represented by the FTSE ST Consumer Goods Index (+0.91%). The two biggest stocks of the FTSE ST Consumer Goods Index are Wilmar International (+0.29%) and Thai Beverage (+1.79%). The underperforming sector was the FTSE ST Basic Materials Index, which declined -3.32% with Midas Holdings’ share price declining -3.23% and SunVic Chemical’s share price declining -7.25%. The FTSE ST Financials Index declined -0.70%.

The three most active Exchange Traded Funds (ETFs) by value today were the SPDR Gold Shares (+1.38%), IS MSCI India (-0.17%), CIMB FTSE Asean 40 (+0.59%).

The three most active Real Estate Investment Trusts (REITs) by value were CapitaMall Trust (+2.11%), Ascendas REIT (unchanged), CapitaCommercial Trust (-0.34%).

The most active index warrants by value today were HSI22600MBePW140429 (+22.13%), HSI22800MBeCW140328 (-34.78%), HSI22400MBePW140328 (+27.40%).

The most active stock warrants by value today were DBS MB eCW140604 (-8.59%), Ezion MBeCW150102 (-5.26%), OCBC Bk MBeCW140801 (-10.26%).

Singapore Stock Market
                            Monday                  Friday
*ST Index     3,087.47  -23.31      3,110.78  +14.04
Volume:               2,315.8M                 1,680.2M
Value:                $1,197.8M               $1,192.4M
Gainers/Losers:      114/394                    197/222


Daily Market Commentary (Securities)
3 Mar 2014

The FBM KLCI index lost 10.97 points or 0.60% on Monday. The Finance Index fell 0.89% to 16458.4 points, the Properties Index dropped 0.86% to 1299.77 points and the Plantation Index down 0.35% to 8728.72 points. The market traded within a range of 21.67 points between an intra-day high of 1835.27 and a low of 1813.60 during the session.

Actively traded stocks include MINETEC, LUSTER, DAYA, SUMATEC, SONA, SONA-WA, TIGER-WB, HUBLINE, KNM-WA and IRIS. Trading volume decreased to 2104.44 mil shares worth RM2052.84 mil as compared to Friday’s 2447.16 mil shares worth RM2679.43 mil.

Leading Movers were IOICORP (+9 sen to RM4.70), AXIATA (+2 sen to RM6.57), MAXIS (+3 sen to RM7.00), SIME (+1 sen to RM9.12) and HLBANK (+4 sen to RM14.22). Lagging Movers were MAYBANK (-10 sen to RM9.68), CIMB (-7 sen to RM7.09), GENM (-11 sen to RM4.24), PBBANK (-10 sen to RM18.98) and PETGAS (-32 sen to RM23.28). Market breadth was negative with 222 gainers as compared to 672 losers.

The FBM KLCI started March in a lacklustre manner after shedding to 1824.69 points. The negative performance was in line with the broader Asian markets, with the unrest in Ukraine raising concern while the poorer China’s PMI index further dented the overall market sentiment.


Trade Summary
Date As of:     03 March 2014    
Description          Volume                           Value   Frequency
ETF                      3,900                    2,076,200         34
Stock      3,618,882,895      7,298,786,748,042    179,957
Right                   45,600                         78,100             18
Warrant        50,758,814             4,727,997,470           646
Total        3,669,691,209      7,303,516,899,812    180,655


Trading Summary

As of  3 March 2014         Unit: M.Baht
Type                         Buy               Sell           Net        
Institution           6,917.15       3,515.90     3,401.25     
Proprietary         3,965.88       4,589.94      -624.06     
Foreign             11,214.71     10,067.37     1,147.34     
Individual         18,251.72     22,176.25    -3,924.53     
Total Trading Value     40,349.46 M.Baht     


Vietnam index drops 2.2 pct, more falls expected

Vietnam's benchmark VN Index closed down 2.23 percent on Monday as investors sold stocks before funds were expected to unload shares later this month, while buying demand was not strong enough to provide support, analysts said.
More than 70 percent of shares on the Ho Chi Minh Stock Exchange lost ground, led by food producer Masan Group   
that fell 4.9 percent.    
PetroVietNam Gas, Vietnam's largest listed firm, dipped 1.2 percent, while Hanoi-based lender Vietcombank decreased 2.61 percent.
The fall on Monday is the biggest in more than six months.
The index might further fall as two major exchange-traded funds Market Vectors Vietnam and db x-trackers FTSE
Vietnam  are likely to sell stocks in the next few weeks during their portfolio restructuring, analysts said.
"Selling was surprisingly strong and widespread, especially in the afternoon session," said deputy manager Nguyen Tuan from
An Binh Securities.
The index had eased 0.8 percent by midday.
But a strong demand for stocks, expected to emerge if the index drops to around 560-565 points, would help prevent a steep
fall, analysts said.
Here is a snapshot of the VN Index at the close
                      VN Index       573.38             
              PREV. CLOSE       586.48             
                 % CHANGE       -2.23%             
                     HIGH       587.11             
                      LOW       573.37             


SE Asia Stocks-Mostly down on Ukraine; Thai rises on easing political tensions

Thai stocks ended at their highest in more than two months on Monday as the political situation improved, with protesters massing into one site rather than
several over the weekend, easing pressure on the tourism sector and the domestic economy.
All other Southeast Asia stocks slipped on worries about escalating tensions between Ukraine and Russia and as
manufacturing activity among Asia's major export economies stumbled in February, led by China where data suggested growth
in the factory sector was stalling.  

The Thai SET index rose 1.1 percent, closing at its highest since Dec. 20 with banking and energy shares leading the
gains. Foreign investors bought a net $35.17 million on Monday.

Foreign investors have offloaded a net $3.9 billion worth of Thai shares since November through Friday due to the political
turmoil, according to Thomson Reuters data.

Anti-government protesters in Thailand retreated to a central Bangkok park, freeing up traffic after blocking big
intersections for more than a month in their bid to push out Prime Minister Yingluck Shinawatra.  

Shares of Airports of Thailand jumped 3.2 percent.

The airport operator could benefit with the easing political situation in Bangkok.  

The Jakarta Composite Index fell 0.8 percent, with foreign outflows of $30.70 million, while Malaysian shares
dropped 0.6 percent with a net foreign selling of $8.12 million.  

Philippines' main index fell from a near four-month high, losing 0.3 percent despite $14.03 million in foreign
inflows. Singapore  lost 0.8 percent, with banks leading the decline.  
Vietnam's benchmark VN Index closed down 2.23 percent on strong selling due to expectations that some funds will
unload shares as part of their portfolio restructuring later this month, while buying demand was not strong enough to
support, analysts said.    

 Market                     Current     Prev Close    Pct Move
 TR SE Asia Index*   396.33        397.90        -0.39
 Singapore               3087.47       3110.78        -0.75
 Kuala Lumpur         1824.69       1835.66       -0.60
 Bangkok                 1339.21       1325.33       +1.05
 Jakarta                    4584.21       4620.22       -0.78
 Manila                     6407.52       6424.99       -0.27
 Ho Chi Minh             573.38         586.48        -2.23

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ASEAN NEWS UPDATES      Updated: 04 January 2011

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• Bursa Malaysia to revamp business rules
• Private property prices hit new high in Singapore • Bangkok moves on mass transport
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This year in Thailand-what next?

AseanAffairs   04 January 2011
By David Swartzentruber      

It is commonplace in journalism to write two types of articles at the transition point between the year that has passed and the New Year. As this writer qualifies as an “old hand” in observing Thailand with a track record dating back 14 years, it is time take a shot at what may unfold in Thailand in 2011.

The first issue that can’t be answered is the health of Thailand’s beloved King Bhumibol, who is now 83 years old. He is the world's longest reigning monarch, but elaborate birthday celebrations in December failed to mask concern over his health. More






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