ASEAN KEY DESTINATIONS
The Straits Times Index (STI) ended -29.7 points lower or -0.91% to 3222.43, taking the year-to-date performance to +1.82%.
The FTSE ST Mid Cap Index gained +0.03% while the FTSE ST Small Cap Index declined -0.08%. The top active stocks were UOB (-2.00%), SingTel (-1.57%), DBS (-2.52%), OCBC Bank (-0.62%) and Wilmar International (-0.62%).
The outperforming sectors today were represented by the FTSE ST Utilities Index (+2.48%). The two biggest stocks of the FTSE ST Utilities Index are United Envirotech (+2.40%) and Hyflux (unchanged). The underperforming sector was the FTSE ST Basic Materials Index, which declined -1.54% with Midas Holdings’ share price declining -2.15% and Geo Energy Resources’ share price remaining unchanged. The FTSE ST Oil & Gas Index declined -0.38%. The FTSE ST Telecommunications Index declined -1.42%.
The three most active Exchange Traded Funds (ETFs) by value today were the IS MSCI India (+2.29%), United FT/Xinhua China A50 ETF (+2.11%), IShares USD Asia HY Bond ETF (+0.09%).
The three most active Real Estate Investment Trusts (REITs) by value were CapitaMall Trust (+0.50%), CapitaCommercial Trust (unchanged), Ascendas REIT (+0.42%).
The most active index warrants by value today were HSI21800MBeCW140627 (+30.30%), HSI21600MBePW140627 (-28.24%), HSI22400MBeCW140627 (+31.67%).
The most active stock warrants by value today were DBS MB eCW140901 (-5.79%), KepCorp MBeCW140901 (-6.08%), DBS MB ePW140701 (+3.42%).
Singapore Stock Market
*ST Index 3,222.43 -29.7 3,252.13 +4.44
Volume: 1,797.4M 1,665.8M
Value: $1,158.8M $1,112.7M
Gainers/Losers: 187/243 153/235
Indonesia raises better-than-expected 10 trln rph at bond auction, yields mixed
Indonesia sold 10 trillion rupiah ($867.30 million) of conventional bonds at an auction on Monday, higher than an indicative target of 8 trillion rupiah, the finance ministry's debt office said.
Yields were mixed from the previous auction on April 29.
Bids totaled 14.2 trillion rupiah, below the 16.9 trillion rupiah seen in the last sale and the lowest level this year.
The weighted average yield for nine-month T-bill was 6.27414 percent and that of one-year T-bills was 6.43950 percent, lower than 6.52000 percent in the previous auction.
The yield for benchmark 10-year bonds <IDFR0070=> was 8.00992 percent.
Date As of: 12 May 2014
Description Volume Value Frequency
ETF 115,600 78,697,300 598
Stock 4,370,788,125 5,608,096,721,515 192,375
Right 204,229 440,439,600 47
Warrant 11,153,800 908,317,700 267
Total 4,382,261,754 5,609,524,176,115 193,287
Daily Market Commentary (Securities)
12 May 2014
The FBM KLCI index lost 0.64 points or 0.03% on Monday. The Finance Index fell 0.09% to 17009.22 points, the Properties Index dropped 0.03% to 1407.5 points and the Plantation Index rose 0.08% to 9159.16 points. The market traded within a range of 4.32 points between an intra-day high of 1867.40 and a low of 1863.08 during the session.
Actively traded stocks include NEXGRAM-WA, PDZ, LUSTER, HARVEST, UTOPIA, HARVEST-WA, NICORP, SUMATEC, LUSTER-WA and ASIABIO. Trading volume decreased to 1573.85 mil shares worth RM1536.35 mil as compared to Friday’s 1589.14 mil shares worth RM1798.50 mil. Leading Movers were GENTING (+7 sen to RM9.82), SKPETRO (+3 sen to RM4.29), GENM (+3 sen to RM4.22), IOICORP (+2 sen to RM5.05) and PETDAG (+24 sen to RM27.02). Lagging Movers were CIMB (-5 sen to RM7.29), PBBANK (-6 sen to RM19.96), PETGAS (-18 sen to RM23.48), TM (-4 sen to RM6.15) and KLK (-12 sen to RM24.40). Market breadth was negative with 391 gainers as compared to 414 losers.
The KLCI ended 0.64 points lower at 1866.08 on the first trading day of the week, dragged down by losses in heavyweight counters such as CIMB and Public Bank. Investors’ sentiment was weighed down by rising tension over the crisis in Ukraine despite the Malaysia’s positive IPI data released for March.
As of 12 May 2014 Unit: M.Baht
Type Buy Sell Net
Institution 3,401.50 2,162.93 1,238.57
Proprietary 2,613.06 2,238.71 374.36
Foreign 8,549.40 9,795.86 -1,246.46
Individual 13,379.46 13,745.92 -366.47
Total Trading Value 27,943.42 M.Baht
Vietnam index ends down 4.7 pct, buying may support
Vietnam's benchmark VN Index ended down 4.68 percent on Monday at a four-month low as investors continued selling due in part to repayment pressure, but the fall may not last long as bargain hunters could soon step in, an analyst and traders said.
The index lost 25.41 points to close at 517.05, the lowest since Jan. 9, 2014, Reuters data show.
"There could be one or two more spans of decline before the market starts rising again," said Nguyen Tuan, a deputy manager of An Binh Securities. Each span would be equal to the drop in percentage on Monday, he said.
A fall in share prices could have prompted a group of investors to offload stocks to repay the loans taken for investment in equities, while other retail investors were worried and could continue selling, he said.
Major investors, both Vietnamese and foreigners, have been buying as shares become cheaper, and their purchase in coming days could provide support to the market, he said.
Traders said the fall on Monday was also caused by worries over tension in Vietnam's waters caused by China since early this month.
Pharmaceutical firm DHG topped the losers' list, with shares losing 6.98 percent, followed by technology firm FPT Corp with a 6.91 percent fall.
Companies in the oil and gas sector also lost ground, including PV Drilling and Petrovietnam Gas.
Here is a snapshot of the VN Index at the close
VN Index 517.05
PREV. CLOSE 542.46
% CHANGE -4.68%
SE Asia Stocks - Thailand, Singapore, Malaysia weak ahead of holiday
Thai shares ended at a six-week low on Monday amid caution over political protests, while the Philippines snapped two days of gains as profit-taking hit large caps such as Philippine Long Distance Telephone .
Bangkok's SET index ended down 0.16 percent at 1,375.14, the lowest since March 28, as foreigners net sold stocks worth 1.3 billion baht ($40 million) ahead of a market holiday on Tuesday.
The Thai stock market will reopen on Wednesday.
Two anti-government protesters were injured in a blast outside the Thai prime minister's offices, police said on Sunday, as the two sides in a long political crisis squared off over who would run the country.
Thailand's interim prime minister expressed hope on Monday that February's annulled general election could be re-run soon, and said anti-government protesters would not succeed in getting the Senate to impose an alternative premier.
In Manila, foreign investors led the selling, with data from the stock market showing net foreign outflows of 600 million peso ($13.8 million). The main index eased 0.5 percent, coming off an 11-month high hit on Friday.
Singapore shares shed about 1 percent to close at a near one-month low, while Malaysia ended slightly lower.
Both are closed for a market holiday on Tuesday.
Vietnam dropped 4.7 percent to its lowest close in more than four months, as tensions with China mounted.
Indonesia bucked the trend, extending its gains for a second session, with shares of coal miners such as Harum Energy and Adaro Energy outperforming after better-than-expected quarterly results, brokers said.
SOUTHEAST ASIAN STOCK MARKETS
Market Current Prev Close Pct Move
TR SE Asia Index* 417.50 419.16 -0.40
Singapore 3222.43 3252.13 -0.91
Kuala Lumpur 1866.08 1866.72 -0.03
Bangkok 1375.14 1377.37 -0.16
Jakarta 4912.99 4898.14 +0.30
Manila 6811.34 6847.26 -0.52
Ho Chi Minh 517.05 542.46 -4.68