ASEAN KEY DESTINATIONS
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
*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.
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
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%
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.
SOUTHEAST ASIAN STOCK MARKETS
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