ASEAN KEY DESTINATIONS
12 May 2015
The Straits Times Index (STI) ended 28.47 points or 0.82% lower to 3442.33, taking the year-to-date performance to +2.29%.
The top active stocks today were SingTel, which declined 0.92%, UOB, which declined 1.27%, CapitaLand, which declined 1.96%, DBS, which declined 1.28% and OCBC Bank, with a 1.14% fall.
The FTSE ST Mid Cap Index declined 0.04%, while the FTSE ST Small Cap Index declined 0.35%.
The outperforming sectors today were represented by the FTSE ST Consumer Goods Index, which rose 1.49%. The two biggest stocks of the Index - Wilmar International and Thai Beverage – ended +0.94% higher and +0.68% higher respectively.
The underperforming sector was the FTSE ST Basic Materials Index, which slipped 1.37%. Midas Holdings shares declined 2.60% and Geo Energy Resources declined 0.51%.
The three most active Exchange Traded Funds (ETFs) by value today were:
CIMB FTSE Asean 40 (-2.20%)
DBXT iBoxx Singapore ETF 5 (-1.55%)
IS MSCI India (-1.90%)
The three most active Real Estate Investment Trusts (REITs) by value were:
Ascendas REIT (-1.22%)
Suntec REIT (+0.85%)
CapitaLand Mall Trust (-0.93%)
The most active index warrants by value today were:
The most active stock warrants by value today were:
UOB MB eCW151002 (-10.39%)
DBS MB eCW151001 (-9.16%)
OCBC Bk MBeCW151103 (-9.33%)
Singapore Stock Market
*ST Index 3,442.33 -28.47 3,470.8 +18.79
Volume: 1,336.5M 1,125.8M
Value: $1,147.6M $801.7M
Gainers/Losers: 154/284 221/179
Daily Market Commentary (Securities)
12 May 2015
The FBM KLCI index lost 6.88 points or 0.38% on Tuesday. The Finance Index fell 0.36% to 16026.55 points, the Properties Index dropped 0.25% to 1314.94 points and the Plantation Index down 0.51% to 7417.78 points. The market traded within a range of 5.53 points between an intra-day high of 1802.54 and a low of 1797.01 during the session.
Actively traded stocks include KANGER-WA, KANGER, VSOLAR, FBMKLCI-HI, RGB, LUSTER, SGB, BIOHLDG, PERWAJA and GENETEC. Trading volume increased to 1626.97 mil shares worth RM1700.02 mil as compared to Monday’s 1541.13 mil shares worth RM1602.60 mil.
Leading Movers were KLCC (+11 sen to RM7.16), IOICORP (+3 sen to RM4.16), PPB (+10 sen to RM15.42), HLFG (+6 sen to RM16.40) and ASTRO (+1 sen to RM3.15). Lagging Movers were PETDAG (-66 sen to RM20.98), SKPETRO (-5 sen to RM2.73), PETGAS (-40 sen to RM22.20), KLK (-32 sen to RM21.40) and MISC (-11 sen to RM8.30). Market breadth was negative with 240 gainers as compared to 576 losers.
The KLCI closed 6.88 points lower to 1798.61 points amid overnight losses in US markets. Market’s sentiment was bearish as local index couldn’t hold the physiological threshold of 1800. The performance of our benchmark index was bogged down by losses in heavyweight counters such as Skpetro, MISC and Genting Malaysia.
Date As of: 12 May 2015
Description Volume Value Frequency
ETF 11,000 5,028,800 09
Stock 5,478,978,136 5,479,108,616,769 221,239
Right 100 8,000 01
Warrant 5,679,400 263,313,000 363
Total 5,484,668,636 5,479,376,966,569 221,612
Thai bourse to modify criteria for selection on SET50/100 index constituents
BANGKOK, May 12, 2015 -The Stock Exchange of Thailand (SET) will modify criteria on the selection of SET50 Index and SET100 Index constituents by considering trading volume of each individual stock in addition to the current methodology, effective from the June 2015 periodic review onwards. SET will also improve the calculation of its total return index (TRI) starting from July 1, 2015 onwards.
SET Executive Vice President Santi Kiranand stated that SET would modify the selection criteria for SET50 Index and SET100 index constituents. This
modification would take into account the individual stock's turnover ratio or the number of traded shares compared to its total listed shares. It would be added to the current criteria where stock trading value compared to the average value of the market was used. The new criteria would be effective from periodic review of June 2015 onwards.
"SET has studied index methodology from various leading stock exchanges and index providers as well as taken views from many index-users into consideration for this index review. SET intends to ensure tradability of SET50 Index and SET100 Index constituents. Therefore, the new criteria will have one more factor which is the stock turnover ratio, while the existing factors namely individual stock's market capitalization, free float and its trading value, are still being used, as SET's current practice is comparable with those of other markets," Santi said.
Constituents of SET50 Index and SET100 Index will be selected from the top 200 stocks in terms of market capitalization. The stocks' free float must be at least 20 percent. Each individual stock trading value must be at least 50 percent of average market trading value per stock for at least 9 out of the 12 months and its traded shares must be at least 5 percent of its total listed shares in the same month. However, SET may reduce the percentage of average trading value, the number of months, or the percentage of traded shares in order to have at least 105 eligible stocks.
"In addition, SET will improve the calculation of SET's TRI which is used to measure all returns from securities investment, both capital gain and dividend.
The change of daily price index will be used as the indicator of capital gain, in line with the common practice used internationally, instead of daily change of market capitalization. It will also make TRI in line with price index. The new TRI calculation will be effective on July 1, 2015," added Santi.
As of 12 May 2015 Unit: M.Baht Unit: M.Bah
Type Buy Sell Net
Institution 4,683.54 5,384.66 -701.12
Proprietary 3,834.42 4,800.41 -965.99
Foreign 9,073.65 10,271.24 -1,197.59
Individual 18,660.72 15,796.01 2,864.71
Total Trading Value 36,252.33 M.Baht
Vietnam index hits 5-week low, banks drop
Vietnam's benchmark VN Index lost 1.32 percent to close at a five-week low on Tuesday, with banks heading south after two employees at a Ho Chi Minh City-based bank were detained for investigations.
The index ended at 544.41, the lowest since April 6, with shares in all the six listed banks losing ground, led by Eximbank which lost 2.42 percent.
Police have detained the head of Eximbank's Saigon branch and another Eximbank official on Monday on charge of violating lending rules, a government report on its news website (baodientu.chinhphu.vn) cited police investigators as saying on Tuesday.
Volume fell 26.5 percent from Monday to 79.64 million shares, indicating investors held back rather than dumping shares after the incident at Eximbank, the country's 11th largest partly private lender in terms of assets.
The lender has yet to release any statement on the detention.
Petrovietnam Drilling and Wells Service Corp ended flat while Petrovietnam Fertiliser and Chemicals Corp rose 0.67 percent. Their gains helped trim the market loss in Tuesday's morning session.
Here is a snapshot of the VN Index at the close
VN Index 544.41
PREV. CLOSE 551.67
% CHANGE -1.32%
SE Asia Stocks-Most fall amid outflows, Thai index over 4-month low
Thai stock index hit a more than four-month low on Tuesday as investors stayed on the sidelines amid a fall in the baht while most other markets in Southeast Asia fell amid foreign outflows and concerns about debt talks between Greece and its creditors.
Bangkok's SET index ended down 1 percent at 1,485.72, the lowest close since Jan. 6. Trading volume was 70 percent of a full day average over the past 30 sessions, with 7.9 billion shares changing hands.
Losses were led by large caps, with Thai Oil down 4.1 percent, the worst performer on MSCI's index of Thailand .
The baht fell to 33.81 per dollar, a near six-year low, as foreign investors continued to sell bonds.
Investors awaited the release of the MSCI semi-annual review of its indexes later in the day, brokers in the region said.
Singapore ended a two-day rising streak, Malaysia closed at its lowest level since March 23 and Vietnam at the lowest close since April 6.
MSCI's broadest index of Asia-Pacific shares outside Japan was down 0.37 percent.
Stocks in Indonesia and the Philippines bucked the weak trend as domestic investors bought shares while foreign investors sold a net 398 billion rupiah ($30.1 million) and 1.2 billion peso ($26.8 million), respectively.
Malaysia posted a net outflow worth 223.53 million ringgit ($61.8 million), with Thailand's a net 1.2 billion baht ($35.47 million).
SOUTHEAST ASIAN STOCK MARKETS
Market Current Prev Close Pct Move
Singapore 3442.33 3470.80 -0.82
Kuala Lumpur 1798.61 1805.49 -0.38
Bangkok 1485.72 1501.30 -1.04
Jakarta 5205.61 5172.48 +0.64
Manila 7794.55 7777.90 +0.21
Ho Chi Minh 544.41 551.67 -1.32