ASEAN KEY DESTINATIONS
16 May 2014
The Straits Times Index (STI) ended -9.90 points lower or -0.39% to 3262.59, taking the year-to-date performance to +3.09%.
The FTSE ST Mid Cap Index gained +0.23% while the FTSE ST Small Cap Index decreased -0.08%. The top active stocks were Olam International (unchanged), CapitaMalls Asia (+4.91%), Noble (+3.27%), DBS (-0.06%) and SingTel (unchanged).
The outperforming sectors today were represented by the FTSE ST Technology Index (+2.34%). The two biggest stocks of the FTSE ST Technology Index are Silverlake Axis (unchanged) and STATS ChipPAC (+19.48%). The underperforming sector was the FTSE ST Oil and Gas Index, which declined -0.82% with Keppel Corp’s share price declining -0.75% and Sembcorp Industries’ share price declining -1.10%. The FTSE ST Telecommunications Index decreased -0.03%.
The three most active Exchange Traded Funds (ETFs) by value today were IS MSCI India (+2.34%), IShares USD Asia HY Bond ETF (-0.37%), IShares USD Asia HY Bond ETF S$ (+0.44%).
The three most active Real Estate Investment Trusts (REITs) by value were Keppel REIT (unchanged), Suntec REIT (unchanged), CapitaCommercial Trust (+2.48%).
The most active index warrants by value today were HSI22200MBePW140627 (-3.00%), HSI22400MBeCW140627 (-0.94%), HSI21600MBePW140627 (-8.70%).
The most active stock warrants by value today were DBS MB eCW140901 (-4.84%), UOB MB eCW140801 (-9.09%), DBS MB ePW140701 (+3.00%).
Singapore Stock Market
*ST Index 3,262.59 -9.9 3,272.49 +13.4
Volume: 1,624.3M 1,656.2M
Value: $1,267.8M $1,265.8M
Gainers/Losers: 189/205 223/200
Daily Market Commentary (Securities)
16 May 2014
The FBM KLCI index gained 3.51 points or 0.19% on Friday. The Finance Index fell 0.04% to 17083.85 points, the Properties Index dropped 0.35% to 1409.39 points and the Plantation Index rose 0.81% to 9366.11 points. The market traded within a range of 6.30 points between an intra-day high of 1883.34 and a low of 1877.04 during the session.
Actively traded stocks include MAS, PDZ, SMRT-WA, AZRB, SMRT, SKPRES, SONA-WA, MPAY, ETITECH and XDL. Trading volume increased to 1680.32 mil shares worth RM2301.91 mil as compared to Thursday’s 1628.66 mil shares worth RM2344.87 mil. Leading Movers were IOICORP (+9 sen to RM5.30), PETCHEM (+8 sen to RM6.83), TM (+10 sen to RM6.45), TENAGA (+6 sen to RM12.06) and KLK (+32 sen to RM25.02). Lagging Movers were PBBANK (-12 sen to RM19.84), DIGI (-3 sen to RM5.49), FGV (-6 sen to RM4.54), PPB (-1 sen to RM16.30) and AMMB (-4 sen to RM7.26). Market breadth was negative with 341 gainers as compared to 420 losers.
The FBM KLCI finished 3.51 points higher at 1883.34, despite overnight losses in the US market. The performance of our benchmark index was supported by gains in heavyweight counters such as IOI Corp, Telekom and Tenaga.
Indonesia's April auto sales rise 4.5 pct on the year
Indonesia's annual auto sales rose at a much slower pace in April than the previous month, data from the industry association Gaikindo showed on Friday.
Sales rose 4.5 percent, against 17.8 percent in March, and were led by Toyota Motor Corp , Daihatsu Motor Co Ltd , and Suzuki Motor Corp.
However, sales fell 5.5 percent on a monthly basis, against a rise of 1.1 percent in the previous month.
Auto sales are one of the key indicators of domestic consumption, which accounts for more than half of the economy.
Here is a table of auto sales in 2013-2014, based on Gaikindo data.
Month Volume m/m y/y
Apr 106,811 -5.5 4.5
Mar* 113,096 1.1 17.8
Feb* 111,880 8.0 8.3
Jan* 103,595 6.0 7.1
Dec 97,691 -12.7 9.2
Nov 111,841 -0.2 7.9
Oct* 112,039 -3.4 5.0
Sep* 115,974 48.6 13.6
Aug 77,964 -30.5 2.0
Jul* 112,178 7.6 9.4
Jun 104,268 4.6 2.5
May* 99,697 -2.5 4.4
Apr 102,257 6.5 17.3
Mar 95,996 -7.1 9.2
Date As of: 16 May 2014
Description Volume Value Frequency
ETF 81,900 45,507,100 224
Stock 5,906,609,507 9,015,315,321,176 230,508
Warrant 29,713,100 2,302,793,200 1,548
Total 5,936,404,507 9,017,663,621,476 232,280
As of 16 May 2014 Unit: M.Baht
Type Buy Sell Net
Institution 7,901.69 4,786.60 3,115.09
Proprietary 4,704.82 4,418.47 286.36
Foreign 10,497.09 12,576.16 -2,079.06
Individual 21,225.21 22,547.59 -1,322.38
Total Trading Value 44,328.82 M.Baht
Vietnam index up 1 pct at close; foreigners buy
Vietnam's benchmark VN Index rallied 1.04 percent on Friday as foreign investors bargain hunted shares that fell to low prices, analysts said.
"The market is supported by steady and increasing purchase from foreign investors, while pressure from margin call has reduced," said analyst Nguyen Hoang Phuong at Ho Chi Minh City Securities.
Foreigners have been net buyers on the Ho Chi Minh Stock Exchange so far this month, with net purchase value totalling 1.4 trillion dong ($66.3 million) as of May 15, the exchange's data showed.
Most stocks gained, led by top insurer Baoviet Holdings with a 3.94 percent advance. Hanoi-based lender BIDV , Vietnam's second-biggest bank by assets, also rose 2.11 percent.
But the index would not gain strong as investors are sensitive with news on the on-going conflict between Vietnam and China in the South China Sea, which could lead to any immediate selling in case of rising tension, Phuong said.
Here is a snapshot of the VN Index at the close
VN Index 529.49
PREV. CLOSE 524.05
% CHANGE 1.04%
SE Asia Stocks - Thai at two-week high amid hopes of political solution
Most Southeast Asian stocks gained on Friday, with Thai shares climbing to a two-week high amid hopes for a solution to the political crisis, while Indonesia rose for a fifth day with PT Bumi Resources Tbk outperforming.
Bangkok's SET index ended up 0.7 percent at 1,405.26, the highest close since May 2, with large cap stocks leading the pack. The SET rose 2 percent on the week, the biggest gain since the week ended March 7.
Members of Thailand's Senate trying to devise a "road map" out of a long political crisis are expected on Friday to propose the appointment of an interim prime minister, a move which would infuriate supporters of a beleaguered caretaker government.
Jakarta's Composite Index rose 0.8 percent on popular Jakarta Governor Joko "Jokowi" Widodo increasing chances in July's presidential election on Tuesday. The index, Southeast Asia's best performer this year according to Thomson Reuters data, notched up a weekly gain of 2.7 percent.
Shares of PT Bumi Resources extended gains on Friday, rising as much as 8.1 percent, after the Indonesian coal miner said earlier this week it swung to a net profit for its first quarter from a loss a year ago.
Vietnam's benchmark VN Index ended up 1.04 percent amid bargain hunting. It fell 2.4 percent on the week, the region's worst, amid concerns about an ongoing dispute between Vietnam and China over parts of South China Sea.
Stocks in Singapore and Malaysia posted modest gains on the week. Philippines was down 0.4 percent on the week after seven consecutive weeks of gains.
SOUTHEAST ASIAN STOCK MARKETS
Market Current Prev Close Pct Move
TR SE Asia Index* 423.56 423.04 +0.12
Singapore 3262.59 3272.49 -0.30
Kuala Lumpur 1883.34 1879.83 +0.19
Bangkok 1405.26 1395.21 +0.72
Jakarta 5031.57 4991.63 +0.80
Manila 6817.71 6849.33 -0.46
Ho Chi Minh 529.49 524.05 +1.04