ASEAN KEY DESTINATIONS
26 May 2014
The Straits Times Index (STI) ended +4.86 points or +0.15% higher to 3282.88, taking the year-to-date performance to +3.73%.
The FTSE ST Mid Cap Index gained +0.08% and the FTSE ST Small Cap Index gained +0.61%. The top active stocks were UOB (+0.67%), Noble (+0.76%), SingTel (+0.78%), Global Logistic (unchanged) and Biosensors (+0.99%).
The outperforming sectors today were represented by the FTSE ST Utilities Index (+2.34%). The two biggest stocks of the FTSE ST Utilities Index are United Envirotech (+2.36%) and Hyflux (-0.83%). The underperforming sector was the FTSE ST Consumer Services Index, which declined -0.49% with Jardine Cycle & Carriage’s share price declining -0.62% and Genting Singapore's share price remaining unchanged. The FTSE Oil and Gas Index gained +0.22% and the FTSE Telecommunications Index gained +0.68%.
The three most active Exchange Traded Funds (ETFs) by value today were IS MSCI India (-0.28%), SPDR STI ETF (+0.30%), DBXT S&P CNX Nifty ETF (+1.74%).
The three most active Real Estate Investment Trusts (REITs) by value were Suntec REIT (+0.28%), CapitaMall Trust (unchanged), Ascendas REIT (+0.84%).
The most active index warrants by value today were HSI23000MBeCW140627 (-3.66%), HSI22600MBePW140627 (-5.75%), HSI22800MBeCW140730 (unchanged).
The most active stock warrants by value today were DBS MB eCW140901 (-3.31%), KepCorp MBeCW140901 (-0.70%), UOB MB eCW140901 (+6.72%).
Singapore Stock Market
*ST Index 3,282.88 +4.86 3,278.02 +12.36
Volume: 1,668.8M 1,608.5M
Value: $891.2M $1,108M
Gainers/Losers: 244/177 246/157
Daily Market Commentary (Securities)
26 May 2014
The FBM KLCI index lost 6.42 points or 0.34% on Monday. The Finance Index fell 0.17% to 17049.08 points, the Properties Index dropped 0.36% to 1404.87 points and the Plantation Index down 0.87% to 9135.12 points. The market traded within a range of 8.87 points between an intra-day high of 1871.14 and a low of 1862.27 during the session.
Actively traded stocks include MAS, ASB, ASB-LA, PDZ, SKPRES-WA, BIOOSMO, SKPRES, SUMATEC, HHHCORP and ETITECH. Trading volume decreased to 1441.00 mil shares worth RM1733.00 mil as compared to Friday’s 1570.15 mil shares worth RM1885.70 mil.
Leading Movers were TM (+10 sen to RM6.31), DIGI (+5 sen to RM5.45), PETGAS (+16 sen to RM24.50), GENM (+2 sen to RM4.24) and YTL (+1 sen to RM1.74). Lagging Movers were MAXIS (-24 sen to RM6.66), IOICORP (-10 sen to RM4.95), SIME (-10 sen to RM9.53), PPB (-32 sen to RM15.78) and AXIATA (-3 sen to RM6.89). Market breadth was negative with 272 gainers as compared to 520 losers.
The KLCI started the week with a negative note, closing at 1862.8 points after being dragged down by Maxis, PPB and Astro despite the positive overall performance in the Asian markets following the record finish in Wall Street last Friday.
Date As of: 26 May 2014
Description Volume Value Frequency
ETF 3,500 1,840,600 31
Stock 4,499,819,593 4,298,198,153,763 134,951
Warrant 29,469,300 2,371,996,400 1,069
Total 4,529,292,393 4,300,571,990,763 136,051
Thai bourse and Cambodia Securities Exchange signed MoU
Phnom Penh, May 26, 2014 - The Stock Exchange of Thailand (SET) signed a memorandum of understanding (MOU) with Cambodia Securities Exchange (CSX) to promote development of capital market in Cambodia and Thailand. Among others, the MOU encompasses human resource training, professional training, information sharing and promoting capital market business opportunities between the two exchanges.
Charamporn Jotikasthira, SET President, said: "This MoU between SET and CSX is a good starting point for our concrete collaboration on capital market development between two countries. We look forward to the continued development of the fruitful relationship with CSX.
SET is committed to cooperate with CSX by providing CSX staff with training courses and on-the-job training programs related to stock exchange operations as well as in other areas related to training professionals in the capital market. In addition, for the mutual benefit of both exchanges and the GMS region as a whole, SET and CSX agree to cooperate on information sharing mechanism, corporate governance, capital market education and settlement facilities.
Hong Sok Hour, CEO of Cambodia Securities Exchange, said that "CSX is delighted to begin an important collaboration to strengthen relationship with SET. The MoU will provide a foundation for promoting capital market business opportunities in Cambodia and Thailand. It is also a good opportunities to develop networking mechanisms and business matching activities for broker members and listed companies in both Exchanges in the future"
Under this MoU, SET and CSX also agree to exchange market information to be shown on GMS Exchanges' information center at www.set.or.th/en/gms_exchanges.
The website will be an integrated single-window view into the GMS capital market.
SET has formed alliances and established collaboration with exchanges in the Greater Mekong Subregion. With its commitment to drive the Thai capital market to be a key sub-region connector, SET has signed MoU to collaborate with stock exchanges in Laos, Vietnam and Cambodia.
As of 26 May 2014 Unit: M.Baht
Type Buy Sell Net
Institution 4,990.01 5,430.18 -440.17
Proprietary 4,128.58 3,771.42 357.16
Foreign 7,502.82 10,859.61 -3,356.79
Individual 28,877.95 25,438.16 3,439.80
Total Trading Value 45,499.36 M.Baht
Vietnam index ends up 0.5 pct; falls likely ahead
Vietnam's benchmark VN Index rallied 0.47 percent on Monday to close at 544.06 points on gains in some blue-chips, but analysts expect the index to
decline in the near future.
Hanoi-based lender Vietcombank led the gains, with shares rising 3.8 percent, followed by food producer Masan Group with a 1.68 percent rise.
Money also flowed into speculative stocks, said Le Dac An, an analyst from Tan Viet Securities. Property firms FLC Group climbed 6.73 percent while Hoang Quan Corp was up 2.99 percent.
"Rises in speculative stocks suggested a short-term gain for the market as investors would snap quick profits near the index's resistance level of 550 points," An said.
Here is a snapshot of the VN Index at the close.
VN Index 544.06
PREV. CLOSE 541.49
% CHANGE 0.47%
SE Asia Stocks -Thai shares weaker; economic policy in focus after coup
Southeast Asian stocks mostly fell on Monday, with Thai shares declining for a second day as caution remained after a military coup last week, while Malaysia hit its lowest close in more than two weeks on selling by local investors.
The Thai SET index ended down 0.6 percent at 1,388.29, coming off the day's low of 1,381.01. Shares of PTT , the country's top energy firm by market capitalisation, dropped 2.6 percent amid concerns about possible energy reforms by the military government, brokers said.
But builders such as Ch Karnchang jumped on expectation that the military government would speed up disbursements for infrastructure projects that had been put on hold during months of political unrest, while consumer stocks, including Charoen Pokphand Foods , gained ahead of economic policies next week.
Foreign investors sold shares worth a net 3.4 billion baht ($104.31 million) on Monday, after offloading a net 20.06 billion baht ($615.43 million) over the last four sessions following the military coup.
The Philippine main index closed down 0.3 percent, extending losses for a second day. Foreign investors sold shares worth a net 748.2 million peso ($17.14 million), stock exchange data showed.
Stocks in Malaysia fell for a fifth session, closing down 0.3 percent at 1,862.80, their lowest close since May 8, with local institutions selling shares worth a net 74 million ringgit ($23.04 million), stock exchange data showed.
SOUTHEAST ASIAN STOCK MARKETS
Market Current Prev Close Pct Move
TR SE Asia Index* 421.03 421.82 -0.19
Singapore 3282.88 3278.02 +0.15
Kuala Lumpur 1862.80 1869.22 -0.34
Bangkok 1388.29 1396.84 -0.61
Jakarta 4963.93 4973.06 -0.18
Manila 6790.42 6811.33 -0.31
Ho Chi Minh 544.06 541.49 +0.47