ASEAN KEY DESTINATIONS
09 March 2015
The Straits Times Index (STI) ended -12.94 points lower or -0.38% to 3404.57, taking the year-to-date performance to +1.17%.
The FTSE ST Mid Cap Index declined -0.84% while the FTSE ST Small Cap Index declined -0.42%. The top active stocks were SingTel (-1.68%), DBS (+0.31%), Noble (-5.21%), Keppel Land (+0.22%) and OCBC Bank (-0.10%).
The outperforming sectors today were represented by the FTSE ST Consumer Services Index (+0.43%). The two biggest stocks of the FTSE ST Consumer Services Index are Jardine Cycle & Carriage (-1.15%) and Genting Singapore (+3.78%). The underperforming sector was the FTSE ST Telecommunications Index, which declined -1.53% with SingTel’s share price declining -1.68% and StarHub’s share price declining -0.24%.
The three most active Exchange Traded Funds (ETFs) by value today were the SPDR Gold Shares (-1.82%), iShares USD Asia HY Bond ETF (-0.57%), IS MSCI India 100 (-2.57%).
The three most active Real Estate Investment Trusts (REITs) by value were Ascendas REIT (-1.59%), CapitaMall Trust (-1.42%), CapitaCom Trust (-1.68%).
The most active index warrants by value today were HSI25000MBeCW150429 (-6.45%), HSI24200MBePW150429 (unchanged), HSI23600MBePW150429 (-2.48%).
The most active stock warrants by value today were DBS MB eCW150420 (-2.66%), OCBC Bk MBeCW150803 (-4.85%), UOB MB eCW150701 (-10.27%).
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Singapore Stock Market
*ST Index 3,404.57 -12.94 3,417.51 +22.24
Volume: 1,178.2M 1,039.4M
Value: $1,211.7M $1,130M
Gainers/Losers: 144/287 202/219
Daily Market Commentary (Securities)
9 March 2015
The FBM KLCI index lost 15.22 points or 0.84% on Monday. The Finance Index fell 0.54% to 15903.41 points, the Properties Index dropped 0.85% to 1306.45 points and the Plantation Index down 0.50% to 7884.27 points. The market traded within a range of 19.00 points between an intra-day high of 1797.99 and a low of 1778.99 during the session.
Actively traded stocks include PRIVA, ASIABIO, WINTONI, NEXGRAM, ETITECH, FLONIC, PUC, SKPETRO, XINGHE and SANICHI. Trading volume increased to 2136.88 mil shares worth RM1868.01 mil as compared to Friday’s 2005.84 mil shares worth RM1926.03 mil.
Leading Movers were KLCC (+9 sen to RM6.91), FGV (+1 sen to RM2.20), AXIATA (+3 sen to RM7.16), and DIGI (+1 sen to RM6.34). Lagging Movers were SKPETRO (-10 sen to RM2.31), GENM (-15 sen to RM4.02), PETDAG (-40 sen to RM18.58), TM (-15 sen to RM7.10) and IHH (-11 sen to RM5.44). Market breadth was negative with 273 gainers as compared to 544 losers.
The KLCI dropped 15.22 points to 1791.74, amid losses at Wall Street last Friday as better-than-forecast jobs data fueled speculation that the US Federal Reserve is moving closer to raising interest rates. The performance of our benchmark index was bogged down by selling pressure in heavyweight counters such as Sapurakencana and Genting.
As of 9 March 2015 Unit: M.Baht Unit: M.Bah
Type Buy Sell Net
Institution 2,833.39 4,779.57 -1,946.17
Proprietary 4,323.64 4,219.33 104.31
Foreign 8,697.53 8,579.27 118.26
Individual 24,028.07 22,304.46 1,723.61
Total Trading Value 39,882.63 M.Baht
Vietnam index nears 1-mth low, sentiment hurt
Vietnam's benchmark VN Index fell 0.93 percent to close at its lowest since Feb. 13 on Monday, as possible selling by some foreign funds impeded sentiment among domestic investors.
The certificate prices of Market Vectors Vietnam and db x-trackers FTSE Vietnam , two major exchange-traded funds that trade Vietnamese blue-chips, are below their net assets value, based on Reuters data, hinting potential offloads.
Foreign investors last Friday turned net sellers of Vietnamese equities from their 15 straight net buying sessions, which prompted domestic investors to reduce risk appetite and dragged volume to 99 million shares, below the five-day average.
Nearly 60 percent of equities lost ground on Monday, led by PetroVietNam Gas , Vietnam's top firm by value, with a 1.89 percent fall, while Hanoi-based Vietcombank, the country's biggest lender by capitalisation, lost 2.41 percent.
Here is a snapshot of the VN Index at the close
VN Index 588.44
PREV. CLOSE 593.97
% CHANGE -0.93%
SE Asia Stocks - Fall; Indonesia near 2-week low on weak rupiah
Indonesian index hit a near two-week closing low on Monday as a depreciating rupiah dented company earnings outlooks while Thai banking shares retreated as investors cashed in on recent gains ahead of the central bank's interest rate decision mid-week.
The benchmark Jakarta composite index ended down 1.3 percent at 5,444.63 from Friday's record closing high of 5,514.79. The rupiah <IDR=> lost 0.7 percent to 13,070 per dollar, its weakest since August 1998.
For every 1 percent rupiah depreciation against the dollar, the market's earnings per share growth will fall by 0.8 percent, broker Bahana Securities said in a report.
In Bangkok, the SET index finished the day down 0.6 percent, reversing the gain on Friday. Losers included shares of Kasikornbank <KBANK.BK> and Krung Thai Bank .
The Bank of Thailand's Monetary Policy Committes will meet on Wednesday to review a policy interest rate.
A Reuters poll showed sixteen of 21 economists predict the one-day repurchase rate will be left at 2.0 percent, while the other five expect a 25 basis point cut.
Singapore ended down 0.4 percent, recouping some earlier losses, Malaysia fell to a near four-week closing low, while the Philippines retreated from Friday's record closing high and Vietnam fell for a third day.
SOUTHEAST ASIAN STOCK MARKETS
Market Current Prev Close Pct Move
Singapore 3404.57 3417.51 -0.38
Kuala Lumpur 1791.74 1806.96 -0.84
Bangkok 1559.71 1568.29 -0.55
Jakarta 5444.63 5514.79 -1.27
Manila 7820.29 7861.33 -0.52
Ho Chi Minh 588.44 593.97 -0.93