ASEAN KEY DESTINATIONS
19 May 2014
The Straits Times Index (STI) ended -0.16 points lower or -0.00% to 3262.43, taking the year-to-date performance to +3.08%.
The FTSE ST Mid Cap Index gained +0.14% while the FTSE ST Small Cap Index gained +0.05%. The top active stocks were CapitaMalls Asia (unchanged), Noble Group (+3.95%), SingTel (-0.26%), DBS (unchanged) and UOB (+0.18%).
The outperforming sectors today were represented by the FTSE ST Health Care Index (+1.78%). The two biggest stocks of the FTSE ST Health Care Index are Raffles Medical Group (+2.86%) and Biosensors International Group (+1.05%). The underperforming sector was the FTSE ST Utilities Index, which declined -1.28% with United Envirotech ’s share price declining -0.79% and Hyflux’s share price declining -0.84%. The FTSE ST Oil & Gas Index declined -0.08%. The FTSE ST Telecommunications Index declined -0.22%.
The three most active Exchange Traded Funds (ETFs) by value today were the IS MSCI India (+0.86%), SPDR Gold Shares (+0.52%), DBXT MSCI Indonesia ETF (+0.40%).
The three most active Real Estate Investment Trusts (REITs) by value were Suntec REIT (-0.83%), Keppel REIT (+1.61%), CapitaMall Trust (unchanged).
The most active index warrants by value today were HSI22400MBeCW140627 (-2.86%), HSI22600MBePW140627 (-3.88%), HSI22200MBePW140627 (+8.25%).
The most active stock warrants by value today were DBS MB eCW140901 (-1.70%), KepCorp MBeCW140901 (-4.35%), UOB MB eCW140901 (+0.77%).
Singapore Stock Market
*ST Index 3,262.43 -0.16 3,262.59 -9.9
Volume: 2,166.4M 1,624.3M
Value: $1,535.2M $1,267.8M
Gainers/Losers: 240/204 189/205
Daily Market Commentary (Securities)
19 May 2014
The FBM KLCI index gained 3.73 points or 0.20% on Monday. The Finance Index increased 0.24% to 17124.07 points, the Properties Index dropped 0.05% to 1408.75 points and the Plantation Index rose 0.19% to 9383.52 points. The market traded within a range of 5.16 points between an intra-day high of 1889.47 and a low of 1884.31 during the session.
Actively traded stocks include MAS, SONA-WA, UTOPIA, IRETEX-LR, NEXGRAM, SONA, ETITECH, ASB, INGENCO and NEXGRAM-WA. Trading volume increased to 2324.00 mil shares worth RM2388.55 mil as compared to Friday’s 1680.32 mil shares worth RM2301.91 mil.
Leading Movers were TENAGA (+14 sen to RM12.20), SIME (+10 sen to RM9.72), TM (+13 sen to RM6.58), CIMB (+5 sen to RM7.37) and IHH (+5 sen to RM4.15). Lagging Movers were DIGI (-7 sen to RM5.42), PETDAG (-58 sen to RM26.30), GENTING (-6 sen to RM9.80), SKPETRO (-3 sen to RM4.28) and MISC (-6 sen to RM6.42). Market breadth was positive with 413 gainers as compared to 382 losers.
The KLCI finished 3.73 points higher at 1887.07, buoyed by Malaysia’s strong first quarter GDP growth of 6.2%. The performance of our benchmark index was underpinned by gains in heavyweight counters such as Tenaga, Sime and Telekom.
Thai bourse joins 16 educational institutions in promoting research on capital market
Bangkok, May 19, 2014 - The Stock Exchange of Thailand (SET)'s Capital Market Research Institute (CMRI) and 16 leading educational institutions have signed a memorandum of understanding (MOU) on the "2014 Capital Market Research Sponsorship" project, which has been going on for four years. This initiative, aimed at supporting graduate and doctorate students to create research studies that will further develop Thailand's capital market. The bourse also held a ceremony to award the "Outstanding Capital Market Research 2013".
SET President Charamporn Jotikasthira said that research studies have always been vital for the quality development of education and the country as a whole.
In addition, they will benefit the expansion of businesses amid today's ever-changing and highly competitive environment. This is similar to the capital
market with strong competition as new services and products are constantly introduced to investors and related parties. Practical researches play
important roles in enhancing Thai capital market's development and potential, capable of competing on the international arena. As such, SET has continued to provide full support for the endeavors by graduate and doctorate students, for four consecutive years now. The MOU between SET and 16 leading educational institutions marks the significance of initiating more quality research projects for Thailand's capital market.
In 2013, the research entitled "Effectiveness of Cash Balance Measures for Securities with Irregular Trading" by Siraphop Paphatthananan, a graduate from the Faculty of Development Economics, NIDA, won the "Outstanding Award". The "Best Award" went to the research entitled "Systemic Risk Analysis of East Asian Stock Markets" by Aphichat Wisitkitchakan from the Faculty of Economics, Chulalongkorn University (CU), while the "Consolation Award" on "An analysis of short sale and speed of price adjustment: evidence from the Stock Exchange of Thailand" was given to Kawin Weerawatsunthorn from the Faculty of Commerce and Accountancy, CU. As for achievements by doctorate students, there are no recipients for the 2013 "Outstanding Award" and "Best Award". The "Consolation Award" for this category on "The Effect of Corporate Governance on Earnings Management in Thai Market" was given to Nopphon Tangjitprom from the Faculty of Business Administration, NIDA. In addition, the "Capital Market Entrepreneur's Choice Award" was granted to the research on "Selection of Investment Strategies in Thai Stock Market" by Thanachai Bunsaisup from Sasin Graduate Institute of Business Administration, CU.
"SET congratulates all award recipients and applicants who have participated in the project on their determination to come up with the best work to benefit the Thai capital market. We appreciate all participating educational institutions and capital market professionals for all their advice, opinions and suggestions leading towards valuable outcome of the research projects," Charamporn added.
For the "2014 Capital Market Research Sponsorship" project, CMRI will provide research grants and advice for participants through the Clinic for Capital Market Research. At this clinic, reputable and experienced capital market professionals from securities companies, listed companies, asset management companies and SET will provide suggestions and insights on the actual business world to researchers and academics. Through this arrangement, participants will get to know professionals - an opportunity for them to pave way for their future entrance into the capital market. To be eligible for funding, each institution must submit and present two research projects. In order to motivate participants to produce the best quality of work, the "Outstanding Capital Market Research 2014" will be selected by distinguished judges who are entrepreneurs and professionals from the capital market.
The 16 participating educational institutions are the Faculty of Business Management, Kasetsart University (KU); Faculty of Agro-Industry, KU; Faculty of Management Sciences, Kasetsart University Sriracha Campus; Faculty of Commerce and Accountancy, CU; Faculty of Economics, CU; Faculty of Business Administration, Chiang Mai University (CMU) ; Faculty of Economics, CMU; Faculty of Commerce and Accountancy, Thammasat University (TU); Faculty of Economics, TU; Faculty of Business Administration, NIDA; Faculty of Development Economics, NIDA; Faculty of Business, Economics and Communications, Naresuan University; College of Innovation Management, Rajamangala University of Technology Rattanakosin; College of Management, Mahidol University; University of the Thai Chamber of Commerce; and Assumption University.
As of 19 May 2014
Type Buy Sell Net
Institution 2,585.45 1,393.50 1,191.95
Proprietary 2,118.33 1,926.59 191.73
Foreign 6,903.64 6,359.90 543.74
Individual 13,223.25 15,150.67 -1,927.42
Total Trading Value 24,830.67 M.Baht
Vietnam index closes up 0.7 pct foreign buying
Vietnam's benchmark VN Index was up 0.67 percent at close on Monday, buoyed by extended buying by foreign investors at low prices, analysts said.
Foreign investors have been net buyers on the Ho Chi Minh Stock Exchange since the beginning of May with net purchases worth 1.55 trillion dong ($73.2 million) as of May 16, exchange data showed.
Falls in Vietnamese equities due to a major dispute between Vietnam and China have created a buying opportunity for investors, said analyst Tran Thang Long at BIDV Securities.
"A month ago no one expected the index would drop that low," Long added.
Property firm Vingroup led the gains, with shares climbing 3.08 percent. The company's first-quarter net profit quadrupled from the same period a year earlier to 1.1 trillion dong, it said on May 15.
Hanoi-based Vietcombank , the country's biggest lender by capitalisation, rose 1.48 percent.
Here is a snapshot of the VN Index at close
VN Index 533.04
PREV. CLOSE 529.49
% CHANGE 0.67%
SE Asia Stocks - Malaysia hits record high; Indonesia down on political move
Malaysian shares hit a record high on Monday, helped by foreign inflows after the country's economic growth came in above expectations in the first quarter, but Indonesia retreated due to a surprise political move by the country's second largest party.
Malaysia's stock index hit a record high of 1,889.47 in intraday trade and ended at an all-time closing high of 1,887.07, surpassing the previous peak close of 1,883.34 hit on Friday.
Kuala Lumpur enjoyed foreign inflows of $70.37 million on Monday, as investors snapped up risky assets after the country's annual economic growth showed a pickup in the first quarter to its fastest in more than a year. I
However, Malaysian Airline System Bhd shares fell 18.4 percent to a record low on Monday, its second day of sharp declines. The airline said on Thursday that a sharp drop in passenger traffic was likely to prevent it from returning to profit this year.
Jakarta's Composite Index closed 0.3 percent weaker, surrendering an early gain of 1 percent, after the country's second largest party, Golkar, said it would support former general Prabowo Subianto in July's presidential election.
Many had expected Golkar to support front-runner Joko "Jokowi" Widodo.
The market traded higher earlier after Jokowi named Golkar senior party official and former vice president Jusuf Kalla as his running mate.
With the deadline for filing nominations close, investors were cautious, watching each move of the political parties, said John Teja, director of Jakarta-based broker Ciptadana Securities.
Other Southeast Asian markets traded slightly firmer despite the rest of Asia being led down by China on concerns of slower growth in the world's second-biggest economy.
Thailand's SET index rose 0.4 percent to its highest close since May 2 with $16.73 million in foreign inflows despite data showing the country's economy shrank more than expected as exports remained weak and domestic activity was battered by months of political unrest.
Philippines outperformed the region with 0.8 percent gain, while Singapore ended steady. Vietnam recovered from early losses to close 0.7 percent firmer on foreign buying.
SOUTHEAST ASIAN STOCK MARKETS
Market Current Prev Close Pct Move
TR SE Asia Index* 425.93 423.90 +0.48
Singapore 3262.43 3262.59 0.00
Kuala Lumpur 1887.07 1883.34 +0.20
Bangkok 1410.63 1405.26 +0.38
Jakarta 5015.00 5031.57 -0.33
Manila 6870.90 6817.71 +0.78
Ho Chi Minh 533.04 529.49 +0.67