ASEAN KEY DESTINATIONS
14 May 2014
The Straits Times Index (STI) ended +36.66 points higher or +1.14% to 3259.09, taking the year-to-date performance to +2.98%.
The FTSE ST Mid Cap Index gained +0.58% and the FTSE ST Small Cap Index gained +0.22%. The top active stocks were SingTel (+1.86%), DBS (+0.96%), UOB (+1.36%), HPL (+7.26%) and Keppel Corp (+0.75%).
The outperforming sectors today were represented by the FTSE ST Telecommunications Index (+1.61%). The two biggest stocks of the FTSE ST Telecommunications Index are SingTel (+1.86%) and StarHub (-0.73%). The underperforming sector was the FTSE ST Technology Index, which declined -0.65% with Silverlake Axis’ share price declining -0.56 % and STATS ChipPAC’s share price declining -1.47 %. The FTSE ST Oil & Gas Index increased +0.77%.
The three most active Exchange Traded Funds (ETFs) by value today were the IS MSCI India (+1.94%), SPDR STI ETF (+0.92%), SPDR Gold Shares (+0.71%).
The three most active Real Estate Investment Trusts (REITs) by value were CapitaMall Trust (unchanged), Ascendas REIT (-0.42%), CapitaCommercial Trust (+0.31%).
The most active index warrants by value today were HSI22400MBeCW140627 (+18.99%), HSI22200MBePW140627 (-16.91%), HSI21600MBePW140627 (-18.09%).
The most active stock warrants by value today were DBS MB eCW140901 (+6.14%), KepCorp MBeCW140901 (+5.76%), DBS MB ePW140701 (-13.22%).
Singapore Stock Market
*ST Index 3,259.09 +36.66 3,222.43 -29.7
Volume: 1,756M 1,797.4M
Value: $1,502.1M $1,158.8M
Gainers/Losers: 266/167 187/243
Daily Market Commentary (Securities)
14 May 2014
The FBM KLCI index gained 13.12 points or 0.70% on Wednesday. The Finance Index increased 0.56% to 17105.29 points, the Properties Index up 0.72% to 1417.58 points and the Plantation Index rose 1.35% to 9282.96 points. The market traded within a range of 6.29 points between an intra-day high of 1879.64 and a low of 1873.35 during the session.
Actively traded stocks include UTOPIA, PDZ, BENALEC, HARVEST, CLIQ-WA, NICORP, MAS, HARVEST-WA, BJCORP and XDL. Trading volume increased to 1826.93 mil shares worth RM2473.44 mil as compared to Monday’s 1573.85 mil shares worth RM1536.35 mil.
Leading Movers were IOICORP (+13 sen to RM5.18), AXIATA (+9 sen to RM6.96), TM (+15 sen to RM6.30), MAYBANK (+7 sen to RM9.92) and YTL (+5 sen to RM1.70). Lagging Movers were PETCHEM (-4 sen to RM6.75), GENM (-1 sen to RM4.21), and PETDAG (-8 sen to RM26.94). Market breadth was positive with 521 gainers as compared to 283 losers.
The KLCI surged to a new closing high of 1879.20 points as market re-opened after the public holiday yesterday. Industry data showing a 28% mom jump of Malaysian exports of palm oil products between May 1 and May 10 drove the local plantation heavyweights higher, with IOI Corp and KLK leading the top gainers while catapulting the local bourse index into a new high.
Date As of: 14 May 2014
Description Volume Value Frequency
ETF 73,900 58,786,700 360
Stock 6,495,310,265 8,691,343,199,878 250,686
Warrant 56,174,100 5,115,625,800 1,767
Total 6,551,558,265 8,696,517,612,378 252,813
Thai bourse begins outbound roadshows in Asia, Europe, USA in May-June
BANGKOK, May 14, 2014 - The Stock Exchange of Thailand (SET) joins hands with three securities companies to kick off first series of roadshows this year in Asia, Europe and the United States during May-June, aiming to present the strengths and potential of Thai listed companies and economy, thus boosting confidence among foreign investors.
SET President Charamporn Jotikasthira said that the bourse would continuously attract foreign funds by holding roadshows to promote insightful information of Thailand's economic overview and Thai listed companies' growth potential among global funds in Asia, Europe and the United States in May and June. It would be the right timing to meet directly with foreign funds managers after Thai listed companies had announced their first-quarter financial statements.
"These three roadshows consist of 30 strong and high potential listed companies, with a combined market capitalization of THB 2.28 trillion (approx. USD 71.25 billion), accounting for 18 percent of the total market value. The teams will meet and present information for investors in three continents, namely Asia, Europe and the United States. This will be a great chance for medium-sized listed companies to meet with foreign investors as about half of the 30 companies were not constituents of SET50," Charamporn added.
The first roadshow will be in Edinburgh, London and Paris from May 19-23 in cooperation with CLSA Securities (Thailand) Limited, under the name "SET & CLSA EU-UK Outbound Roadshow 2014." Then, SET will join with BNP Paribas Securities and Finansia Syrus Securities to meet investors in Hong Kong and Singapore, key financial hubs in Asia, from June 9-13. After that, the roadshow team will join with Daiwa Securities and Thanachart Securities traveling to Toronto Boston and New York from June 23-27. Each roadshow will be participated by about 10 listed companies.
Earlier this month, SET, together with DBS Vickers Securities (Thailand) pcl, held an inbound roadshow called "SET-Thai Corporate Day 2014" in Bangkok. In addition, "Thailand Focus", the annual major inbound roadshow will be held in Bangkok in August. In 2014, SET organized seven overseas roadshows and two domestic roadshows.
As of 14 May 2014 Unit: M.Baht
Type Buy Sell Net
Institution 5,128.62 3,846.77 1,281.84
Proprietary 3,537.69 4,422.23 -884.54
Foreign 14,979.12 14,789.96 189.17
Individual 26,319.91 26,906.37 -586.47
Total Trading Value 49,965.33 M.Baht
Vietnam index ends up 3 pct, but falls seen later this week
Vietnam's benchmark VN Index rose 3 percent to close at 529.53 points on Wednesday, boosted by buying in several blue chips including bank and
securities stocks, but weak selling could lead to more falls later this week, traders said.
Shares of Hanoi-based Vietcombank rose 7 percent to close at 26,000 dong, followed by Baoviet Holdings with a 6.91 percent rise and Saigon Securities that rose 6.57 percent.
"In coming days the index may fall gain, because those who want to sell stocks only slow their selling today to wait for prices to rise higher, then they will sell," a Hanoi-based Vietnamese trader said.
A total of 108.22 million shares changed hands on Wednesday, up nearly 10 percent from the previous day.
Traders and analysts say Vietnam's stock market has been on a downward trend, after the index hit a two-week high at 603.25 points on April 8, Reuters data show.
Here is a snapshot of the VN Index at the close
VN Index 529.53
PREV. CLOSE 513.91
% CHANGE 3.04%
SE Asia Stocks - Rise amid inflows; Indonesia up on Jokowi hopes
Indonesian shares jumped to 11-month highs on Wednesday as chances of a win for a popular presidential candidate increased ahead of a July election, while Thai stocks rose the most in three months amid foreign inflows into markets across the region.
Jakarta's main index closed up 1.4 percent at 4,991.64, after Jakarta Governor Joko "Jokowi" Widodo boosted his chances in the presidential election by securing the support of the country's second-largest political party.
The market brought in 1.26 trillion rupiah ($109.22 million), the biggest daily inflows since April 9, Indonesia's stock market will be shut on Thursday for a holiday.
Bangkok's SET index rose 1.5 percent to close at 1,396.03, recovering some of the losses over the past five sessions. Brokers said the gain was in line with Asia, tracking the S&P 500 which closed at a record high overnight.
Net foreign inflows into Thai stocks were a modest 189 million baht ($5.79 million) after two sessions of outflows.
"External sentiment did help the local market. The issue about the election re-run was also among the domestic factors but it remains to be seen," said Koraphat Vorachet, an analyst at Nomura Pattnasin.
A meeting between Thailand's interim prime minister and the Election Commission to fix a date for polls that the government hopes will break a stalemate was postponed on Wednesday due to security concerns over the venue.
In the Philippines, the stock market took in net foreign inflows of 2.86 billion peso ($65 million) amid strong buying interest in shares of Ayala Land and Universal Robina
SOUTHEAST ASIAN STOCK MARKETS
Market Current Prev Close Pct Move
TR SE Asia Index* 423.84 417.43 +1.53
Singapore 3259.09 3222.43 +1.14
Kuala Lumpur 1879.20 1866.08 +0.70
Bangkok 1396.03 1375.14 +1.52
Jakarta 4991.63 4921.39 +1.43
Manila 6880.44 6852.81 +0.40
Ho Chi Minh 529.53 513.91 +3.04