ASEAN KEY DESTINATIONS
06 March 2014
The Straits Times Index (STI) ended +12.53 points higher or +0.40% to 3129.17, taking the year-to-date performance to -1.13%.
The FTSE ST Mid Cap Index gained +0.38% while the FTSE ST Small Cap Index gained +0.52%. The top active stocks were GLP (+0.36%), SingTel (+1.40%), DBS (+0.68%), Centurion (+6.56%) and Wilmar (+1.43%).
The outperforming sectors today were represented by the FTSE ST Utilities Index (+4.53%). The two biggest stocks of the FTSE ST Utilities Index are Hyflux (unchanged) and HanKore (+5.74%). The underperforming sector was the FTSE ST Technology Index, which declined -0.85% with Silverlake Axis’ share price declining -0.56% and STATS ChipPAC ’s share price remaining unchanged. The FTSE ST Basic Materials Index declined -0.15%. The FTSE ST Financials Index gained +0.65%.
The three most active Exchange Traded Funds (ETFs) by value today were the SPDR Gold Shares (-0.13%), IS MSCI India (+2.00%), Lyxor Asia (+1.47%).
The three most active Real Estate Investment Trusts (REITs) by value were Suntec REIT (+0.90%), Capitamall Trust (+1.05%), Ascendas REIT (unchanged).
The most active index warrants by value today were HSI22600MBePW140429 (-9.29%), HSI23000MBeCW140429 (+7.45%), HSI22800MBeCW140328 (+13.56%).
The most active stock warrants by value today were DBS MB eCW140604 (+4.85%), SGX MB eCW141001 (+10.59%), UOB MB eCW140701 (+7.09%).
Singapore Stock Market
*ST Index 3,129.17 +12.53 3,116.64 +11.93
Volume: 1,997.8M 2,121.6M
Value: $1,134.8M $1,163.7M
Gainers/Losers: 242/182 221/214
Daily Market Commentary (Securities)
6 Mar 2014
The FBM KLCI index gained 9.58 points or 0.52% on Thursday. The Finance Index increased 0.36% to 16520.71 points, the Properties Index up 1.00% to 1325.64 points and the Plantation Index rose 1.60% to 8936.59 points. The market traded within a range of 10.65 points between an intra-day high of 1838.69 and a low of 1828.04 during the session.
Actively traded stocks include INGENCO, ASUPREM, TIGER-WB, SCOMI, MAS, SONA, MINETEC, HUBLINE, DAYA and LUSTER. Trading volume decreased to 2278.00 mil shares worth RM2377.00 mil as compared to Wednesday’s 2403.27 mil shares worth RM2154.19 mil.
Leading Movers were TENAGA (+16 sen to RM12.12), TM (+21 sen to RM5.90), MISC (+30 sen to RM6.65), MAYBANK (+5 sen to RM9.70) and IOICORP (+5 sen to RM4.78). Lagging Movers were PETDAG (-18 sen to RM30.40), UMW (-8 sen to RM11.52), SKPETRO (-1 sen to RM4.43), IOIPG (-2 sen to RM2.58) and SIME (-1 sen to RM9.23). Market breadth was positive with 561 gainers as compared to 244 losers.
The KLCI extended its gain to finish higher at 1838.69 points today, supported by heavyweight plantation counters including KLK, FGV, IOI Corp and PPB. The strong performance of our local bourse since the start of the week was sustained as diplomatic efforts relieved the concern on the Ukraine-Russia geopolitical issue.
Date As of: 06 March 2014 Time 16:00:00
Description Volume Value Frequency
ETF 55,600 37,937,100 79
Stock 5,812,551,072 7,153,341,172,674 224,894
Right 45,000 45,000 02
Warrant 73,150,200 915,661,400 1,658
Total 5,885,801,872 7,154,294,816,174 226,633
Thai bourse encourages listed companies to boost productivity
BANGKOK, March 6, 2014 – The Stock Exchange of Thailand (SET) has today signed a memorandum of agreement with Thailand Productivity Institute to jointly hold a project named “Enhancing strength of listed companies and preparing companies to list on SET and Market for Alternative Investment (mai),” in order to boost productivity among listed firms and pre-listed companies.
SET Chairman Sathit Limpongpan said, “Thai businesses have room to boost their efficiency after the latest ranking by the International Institute for Management Development, Switzerland, showed that Thailand’s competitiveness was placed at 27th in the world. Criteria used were economic capacity, government efficiency, infrastructure and business efficiency. In business efficiency, Thailand was ranked at 18th place in 2013. SET believes that listed companies play a major role in boosting our country’s competitiveness. Thus, SET is cooperating with Thailand Productivity Institute to develop management skills to boost productivity among listed companies and those seeking listing, including developing key indicators for organizational efficiency evaluation, such as leadership process, strategic planning, stakeholder focus, information and knowledge, human resources, and quality management, as well as best practices nationwide.”
Ministry of Industry Permanent Secretary and Chairman of Thailand Productivity Institute, Vithoon Simachokdee said, “We are very pleased with this cooperation because well-prepared companies can withstand all kinds of risks or uncertainties. Thai companies should take advantage of the global fierce competition by strengthening their competitive capabilities and seeking opportunities from the crisis. Increasing productivity is the main factor that will drive organizations towards success and sustainability. We have learned from success stories of how leading organizations reach targets efficiently and how to apply lessons learned to our own environments. This joint project will definitely be useful for the overall business sector and help Thai entrepreneurs to grow sustainably.”
With its 20-year consulting experience by experts, Thailand Productivity Institute is ready to help enhance productivity management skills among listed companies nationwide and those awaiting listing. The institute analyzes problems and finds right-to-the-point solutions, probing the overall development process from upstream to downstream, via coaching, on-the-job training and seminars. Eastern Water Resources Development and Management pcl (EASTW) has been the first company to participate in this joint project.
As of 6 March 2014 Unit: M.Baht
Type Buy Sell Net
Institution 2,394.51 3,323.26 -928.76
Proprietary 3,267.10 3,585.77 -318.67
Foreign 7,131.19 6,155.07 976.12
Individual 17,037.04 16,765.74 271.30
Total Trading Value 29,829.83 M.Baht
Vietnam index rises 0.4 pct at midday, HAG, GAS lead
Vietnam's benchmark VN Index was up 0.4 percent at 577.23 points at the break on Thursday, with shares in big-cap real estate firms leading gains.
Vingroup climbed 0.67 percent and HAGL advanced 2.67 percent, although its gain was down to its commodities interests, having received government approval on Wednesday to import 30,000 tonnes of raw sugar from its Laos-based plant, for refining and re-export.
"Sugar contributed the major stake in HAG's revenue in 2013, so this news is sure to have supported the rise," said analyst Vu Duy Khanh at Navibank Securities.
Khanh said foreign funds were likely to be net sellers next week, when quarterly portfolio restructuring is due.
PetroVietNam Gas , Vietnam's largest listed firm, gained 1.22 percent in the morning trade.
Here is a snapshot of the VN Index at midday
VN Index 577.23
PREV. CLOSE 574.94
% CHANGE 0.40%
SE Asia Stocks-Up; Philippines up 1 pct; Malaysia keeps rates steady
Southeast Asian stocks rose on Thursday amid easing tensions in Ukraine, with the Malaysian index ending near its highest level in 2014 ahead of Bank
Negara's interest rate decision while Thai shares chalked up gains on selective buying in banking shares.
Bangkok's SET index inched up 0.04 percent, hovering around its highest in almost three months. Foreign investors bought a net $30.2 million, after net purchases of $170 million in the past four sessions.
Jitters over the domestic political crisis remained but there was some interest in select index heavyweights such as banks , which gained almost 1 percent.
Credit Suisse saw buying opportunities in Thai stocks despite political mess. It said Thailand offered some interesting stocks, including energy stocks which had earnings streams largely insensitive to domestic economy and politics.
"Although 2014 does not look strong for the stock market in general, energy and tourism-related stocks could buck the political trend," it said in a report dated March 4.
Malaysia's main index was up 0.5 percent at 1,838.69, the highest close since Jan. 2.
Malaysia's central bank held its key interest rate steady at 3.0 percent on Thursday, as expected, reiterating that a rise in inflation was expected to be contained as domestic spending cools.
The announcement came after market close on Thursday.
Gains in the region were in line with world shares bolstered by diplomatic efforts to cool the crisis in Ukraine.
Stocks in Singapore and Indonesia rose for a third session. The Philippines climbed 0.9 percent to a five-month high, with the exchange reporting a net foreign buying of about 1.38 billion peso ($30.84 million), after combined inflows of $242 million over the past eleven sessions.
SOUTHEAST ASIAN STOCK MARKETS
Market Current Prev Close Pct Move
TR SE Asia Index* 404.40 400.59 +0.95
Singapore 3129.17 3116.64 +0.40
Kuala Lumpur 1838.69 1829.11 +0.52
Bangkok 1352.21 1351.64 +0.04
Jakarta 4687.86 4659.17 +0.62
Manila 6516.82 6456.14 +0.94
Ho Chi Minh 578.56 574.94 +0.63