ASEAN KEY DESTINATIONS
20 May 2014
The Straits Times Index (STI) ended +3.04 points higher or +0.09% to 3265.47, taking the year-to-date performance to +3.18%.
The FTSE ST Mid Cap Index gained +0.13% while the FTSE ST Small Cap Index declined -0.14%. The top active stocks were CapitaMalls Asia (unchanged), SingTel (+0.78%), DBS (-0.06%), UOB (+0.36%) and Noble (-0.76%).
The outperforming sectors today were represented by the FTSE ST Telecommunications Index (+0.76%). The two biggest stocks of the FTSE ST Telecommunications Index are SingTel (+0.78%) and StarHub (+0.48%). The underperforming sector was the FTSE ST Consumer Goods Index, which declined -0.83% with Wilmar International ’s share price declining -0.93% and Thai Beverage’s share price declining -0.83%. The FTSE ST Oil & Gas Index gained +0.17%.
The three most active Exchange Traded Funds (ETFs) by value today were the IS MSCI India (-0.14%), SPDR Gold Shares (-0.70%), United FT/Xinhua China A50 ETF (-0.70%).
The three most active Real Estate Investment Trusts (REITs) by value were Suntec REIT (+0.28%), CapitaMall Trust (unchanged), CapitaCommercial Trust (-0.61%).
The most active index warrants by value today were HSI22600MBePW140627 (-12.10%), HSI23000MBeCW140627 (+16.39%), HSI22400MBeCW140627 (+11.77%).
The most active stock warrants by value today were DBS MB eCW140901 (+1.72%), DBS MB ePW140701 (-5.10%), KepCorp MBeCW141201 (unchanged).
Singapore Stock Market
*ST Index 3,265.47 +3.04 3,262.43 -0.16
Volume: 1,339.7M 2,166.4M
Value: $998.5M $1,535.2M
Gainers/Losers: 210/218 240/204
Daily Market Commentary (Securities)
20 May 2014
The FBM KLCI index lost 5.91 points or 0.31% on Tuesday. The Finance Index fell 0.12% to 17103.42 points, the Properties Index dropped 0.30% to 1404.54 points and the Plantation Index down 0.56% to 9330.63 points. The market traded within a range of 10.50 points between an intra-day high of 1888.13 and a low of 1877.63 during the session.
Actively traded stocks include MAS, SONA-WA, HUBLINE, SONA, AAX, PDZ, SMRT-WA, CLIQ-WA, ASB and NEXGRAM-WA. Trading volume decreased to 2036.22 mil shares worth RM2043.35 mil as compared to Monday’s 2324.00 mil shares worth RM2388.55 mil.
Leading Movers were TENAGA (+8 sen to RM12.28), PBBANK (+2 sen to RM19.86), FGV (+3 sen to RM4.58), CIMB (+1 sen to RM7.38) and PETCHEM (+1 sen to RM6.81). Lagging Movers were PETDAG (-140 sen to RM24.90), DIGI (-7 sen to RM5.35), AXIATA (-5 sen to RM6.95), TM (-8 sen to RM6.50) and SKPETRO (-4 sen to RM4.24). Market breadth was negative with 320 gainers as compared to 471 losers.
The FBM KLCI fell 5.91 points to close at 1881.16 due to profit taking activities following yesterday’s record high close. The performance of our benchmark index was mainly dragged by losses in telecommunication counters such as DIGI, Axiata and TM.
Date As of: 20 May 2014
Description Volume Value Frequency
ETF 56,300 40,120,500 379
Stock 5,538,906,207 8,948,002,095,337 256,105
Warrant 35,614,000 2,112,196,900 1,795
Total 5,574,576,507 8,950,154,412,737 258,279
Thai bourse opens securities trading today, May 20, as usual
The Stock Exchange of Thailand (SET), Market for Alternative Investment (mai), Thailand Futures Exchange (TFEX) and Bond Electronic Exchange (BEX) open for securities trading today (May 20, 2014) as usual. However, due to transportation inconvenience that may occur, all the activities previously scheduled to be held at the SET building on Rachadapisek Road will be postponed until further notice. For more information, please contact SET Call Center 0 2229 2222 or www.set.or.th.
In addition, to facilitate investors and other customers, the other service center of Thailand Securities Depository (TSD) at Esplanade shopping center, Rachadapisek Road, opens on business working days from 10.00 a.m.-4.30 p.m., providing TSD counter service as well as sending/ receiving documents. For more information, please contact TSD Call Center 0 2229 2888 or email TSDCallCenter@set.or.th .
As of 20 May 2014 Unit: M.Baht
Type Buy Sell Net
Institution 6,356.09 3,185.37 3,170.72
Proprietary 5,410.63 3,644.92 1,765.71
Foreign 7,736.15 16,071.83 -8,335.68
Individual 23,754.93 20,355.67 3,399.26
Total Trading Value 43,257.79 M.Baht
Vietnam index up 0.8 pct at close; foreigners buy
Vietnam's benchmark VN Index closed up 0.84 percent on Tuesday as extended foreign purchases defeated cautious selling over an ongoing dispute with China, analysts said.
Foreign investors have been net buyers on the Ho Chi Minh Stock Exchange for 19 straight sessions ending on Monday, the exchange's data showed.
Despite a diplomatic tension between the two neighbouring countries, foreigners increased their net purchases to include cheap shares in their portfolios, analysts said.
A six-month long political crisis in Thailand has also prompted investors to eye on the fruitful Vietnamese equities, but they still hesitated due to high stock prices in the first quarter of 2014, said analyst Nguyen The Minh at Viet Capital Securities.
"The tumbles in Vietnam stocks due to the tension with China have allowed foreigners, including those from Thailand, to pick up cheap shares," Minh said.
But investors are likely to take profit soon as they worried the conflict would last longer, Minh said.
PetroVietNam Gas led gains, with shares rising 2.9 percent and dairy product maker Vinamilk advanced 0.8 percent.
Here is a snapshot of the VN Index at the close
VN Index 537.52
PREV. CLOSE 533.04
% CHANGE 0.84%
SE Asia Stocks - Thailand falls after martial law; Jakarta on political uncertainty
Thai shares ended at a one-week low on Tuesday after the army declared martial law to restore order following six months of political unrest, while Indonesian stocks declined to a near two-week low on uncertainty over the outcome of the presidential election in July.
Thailand's SET index fell more than 1.6 percent to 1,387.62 in early trade, but recouped losses and ended 1.1 percent lower amid mixed reaction to martial law, which the army said was not a coup.
The imposition of martial law could be a negative, given the limitations of some foreign funds on investing in a market with political risks, and therefore we expect foreign selling pressure to continue in the near term, said Koraphat Vorachet, a strategist at brokerage Nomura Pattanasin.
Teerada Charnyingyong, a strategist at broker Phillip Securities, said foreign investors were more willing to cut risks through a "wait and see" approach until the dust had settled.
Tuesday's declaration of martial law came after six months of anti-government protests left Thailand without a proper functioning government, raising concerns about economic policies and stability essential for investor confidence.
Analysts said the martial law, though seemingly negative at first glance, would help limit the risk of political violence.
The Thai stock market suffered net foreign outflows of 8335.68 million baht ($257 million), the worst since Nov. 26.
The decline was led by shares of Advanced Info Service , which fell 2.9 percent, while Airports of Thailand ended 2.7 percent lower.
Jakarta stocks, which were under pressure due to growing uncertainty over the outcome of the July 9 presidential polls, lost 2.4 percent to close at their lowest since May 8, led by financials with Bank Mandiri falling 4.9 percent.
The selloff was due to the Tuesday deadline for filing nominations for the presidential race, said John Teja, director of Jakarta-based broker Ciptadana Securities.
The index rose to a near one-year high on Monday, but gave up the gains after Indonesia's second-largest party, Golkar, unexpectedly said it would back former general Prabowo's Gerindra party, the main rival of frontrunner Joko "Jokowi" Widodo.
Teja said Prabowo and his Hatta coalition parties had 48 percent legislative votes, higher than Jokowi's coalition.
The outcome was not what the market expected, which has been leaning towards Jokowi, he said.
Other Southeast Asian markets remained range-bound, with Philippines , Vietnam and Singapore rising slightly.
Malaysian shares ended 0.3 percent weaker, down from a record closing high in the previous session.
SOUTHEAST ASIAN STOCK MARKETS
Market Current Prev Close Pct Move
TR SE Asia Index* 421.67 425.94 -1.00
Singapore 3265.47 3262.43 +0.09
Kuala Lumpur 1881.16 1887.07 -0.31
Bangkok 1394.69 1410.63 -1.13
Jakarta 4895.96 5015.00 -2.37
Manila 6882.73 6870.90 +0.17
Ho Chi Minh 537.52 533.04 +0.84