ASEAN KEY DESTINATIONS
15 May 2014
The Straits Times Index (STI) ended +13.4 points higher or +0.41% to 3272.49, taking the year-to-date performance to +3.40%.
The FTSE ST Mid Cap Index gained +0.12% while the FTSE ST Small Cap Index gained +0.43%. The top active stocks were UOB (+1.79%), OCBC Bank (-0.10%), SingTel (+0.26%), DBS (+0.30%) and Wilmar International (unchanged).
The outperforming sectors today were represented by the FTSE ST Technology Index (+1.95%). The two biggest stocks of the FTSE ST Technology Index are Silverlake Axis (+0.56%) and STATS ChipPAC (+14.93%). The underperforming sector was the FTSE ST Oil & Gas Index, which declined -0.17% with Keppel Corp’s share price declining -0.47% and Sembcorp Industries’ share price declining -0.18%. The FTSE ST Telecommunications Index gained +0.30%.
The three most active Exchange Traded Funds (ETFs) by value today were the SPDR Gold Shares (+0.15%), IS MSCI India (+0.15%), DBXT FTSE Vietnam ETF (+0.27%).
The three most active Real Estate Investment Trusts (REITs) by value were Suntec REIT (+0.56%), CapitaMall Trust (+0.50%), Ascendas REIT (+1.70%).
The most active index warrants by value today were HSI22400MBeCW140627 (+12.77%), HSI22200MBePW140627 (-11.50%), HSI22600MBePW140627 (-10.35%).
The most active stock warrants by value today were DBS MB eCW140901 (+2.48%), UOB MB eCW140901 (+18.70%), UOB MB eCW140801 (+14.02%).
Singapore Stock Market
*ST Index 3,272.49 +13.4 3,259.09 +36.66
Volume: 1,656.2M 1,756M
Value: $1,265.8M $1,502.1M
Gainers/Losers: 223/200 266/167
Daily Market Commentary (Securities)
15 May 2014
The FBM KLCI index gained 0.63 points or 0.03% on Thursday. The Finance Index fell 0.09% to 17090.06 points, the Properties Index dropped 0.22% to 1414.4 points and the Plantation Index rose 0.08% to 9290.74 points. The market traded within a range of 4.64 points between an intra-day high of 1881.03 and a low of 1876.39 during the session.
Actively traded stocks include PDZ, XDL, PMETAL-CA, UTOPIA, BENALEC, KNM-WA, FRONTKN, SILKBHD, SUMATEC and ETITECH. Trading volume decreased to 1628.66 mil shares worth RM2344.87 mil as compared to Wednesday’s 1826.93 mil shares worth RM2473.44 mil.
Leading Movers were PETGAS (+40 sen to RM24.00), SIME (+9 sen to RM9.60), IHH (+7 sen to RM4.08), AMMB (+9 sen to RM7.30) and AXIATA (+3 sen to RM6.99). Lagging Movers were DIGI (-5 sen to RM5.52), RHBCAP (-26 sen to RM8.22), MAXIS (-5 sen to RM6.90), TENAGA (-6 sen to RM12.00) and GENTING (-5 sen to RM9.80). Market breadth was negative with 309 gainers as compared to 443 losers.
The KLCI swung between gains and losses before closing slightly higher at 1879.83 points amid the mixed overnight performance in US and European markets as investors await further clarity and clues on the economy recovery as well as digesting the possibility of easing by European Central Bank (ECB).
Thai bourse market report for April
- Daily average trading value down 3.85 pct month-on-month to USD 957 mln
- Market cap at USD 388 billion, up 9.67 pct from end of last year
- Derivatives trading down 23 pct month-on-month at 54,613 contracts per day
- Foreign investors bought a net USD 491 mln in April
BANGKOK, May 15, 2014 - The Stock Exchange of Thailand (SET) securities trading value in April dropped from a month ago mainly due to a long national holidays
and some investors holding back ahead of court ruling on prime minister.
However, markets began easing worries on economic woes in Japan, Europe, and the United States, drawing funds back into risky assets.
The SET main index ended April at 1,414.94 points, up 8.95 percent from end-2013. Foreign investors were net buyers for the second consecutive month,
purchasing USD 491 million. They sold a net USD 136 million of Thai stocks during January-April.
Combined average daily trading value of SET and Market for Alternative Investment (mai) was at THB 31.21 billion (USD 957 million), down 3.85 percent
from a month ago and 42.05 percent from a year ago, while daily trading volume of derivatives decreased 22.79 percent from a month ago at 54,613 contracts per day.
Key highlights for April
- Market capitalization of SET was at THB 12.61 trillion (USD 388 billion), up 9.67 percent from the end of 2013, while market valuation of mai was at THB
187.35 billion (USD 5.75 billion), up 5.63 percent.
- The forward P/E ratio for SET was at 13.64 times, up from 13.18 a month ago, while mai's forward P/E ratio increased month-on-month to 16.21 from 14.69.
- The dividend yield of SET dipped slightly to 3.25 percent from March, while mai's was down at 1.80 percent.
- Listed companies raised funds through equity worth a combined THB 20.96 billion (USD 643 million) in April, doubling a month earlier, of which THB 11.73 billion was raised from initial public offerings, and THB 9.22 billion from
the secondary market.
- Derivatives trading volume sank 22.79 percent from a month earlier to an average of 54,613 contracts per day. Trading volume of most products was down,
except SET50 index options and oil futures.
- Night trading session of commodity futures accounted for 47.84 percent of the total trading volume, down from 48.01 percent in March.
As of 15 May 2014 Unit: M.Baht
Type Buy Sell Net
Institution 4,054.79 2,902.24 1,152.54
Proprietary 3,113.86 3,715.14 -601.27
Foreign 9,047.67 8,446.05 601.62
Individual 23,490.68 24,643.57 -1,152.89
Total Trading Value 39,707.01 M.Baht
SE Asia Stocks - Thai shares pare gains, Vietnam down
Thai shares fell on Thursday after violence erupted in Bangkok and a meeting to set an election date was disrupted, while the Vietnam index reversed
gains due to late selling amid spreading anti-China riots.
After a range-bound session, the Thai SET index ended down 0.06 percent at 1,395.21, after earlier hitting 1,396.84, the highest since May 8. The political tension hit tourism stocks, including Thai Airways International .
Protesters seeking to oust Thailand's government broke into the grounds of an air force compound on Thursday where the acting prime minister was meeting the Election Commission to fix a date for new polls, forcing him to flee.
The disruption came hours after gunmen attacked anti-government protesters that killed three people.
Some investors bet a solution to the prolonged political crisis was near which helped limit market losses, said strategist Viwat Techapoonphol of broker Tisco Securities.
"Foreign interest remained weak. But in terms of sentiment, there's a bit of hope to see clarity on the political problems," said Viwat Techapoonphol, a strategist at broker Tisco Securities.
In Manila, shares fell after two days of gains amid domestic-led selling, though foreign investors piled into stocks for a third session on Thursday, adding a net 305.6 million peso ($7 million), exchange data showed.
Nomura said in a report dated May 14 that it preferred Singapore and the Philippines but was cautious on ASEAN markets overall due to elevated valuations, diminished growth prospects and returning risks from external funding pressures.
"We see long-term potential in the market... but the near-term prospects are muddled by high valuations and imminent tighter financial conditions," it said of the Philippine stock market.
Singapore rose for a second session, up 0.4 percent at a three-week high. Malaysia also closed slightly higher, with foreign investors buying about 140 million ringgit ($43.49 million), stock exchange data showed.
Indonesia was shut for a market holiday, and will reopen on Friday. Jakarta has been Asia's best-performing market this year, according to Thomson Reuters data.
SOUTHEAST ASIAN STOCK MARKETS
Market Current Prev Close Pct Move
TR SE Asia Index* 422.87 423.87 -0.24
Singapore 3272.49 3259.09 +0.41
Kuala Lumpur 1879.83 1879.20 +0.03
Bangkok 1395.21 1396.03 -0.06
Manila 6849.33 6880.44 -0.45
Ho Chi Minh 524.05 529.53 -1.03