ASEAN KEY DESTINATIONS
26 May 2016
The Straits Times Index (STI) ended 6.65 points or 0.24% higher to 2773.31, taking the year-to-date performance to -3.80%.
The top active stocks today were SingTel, which gained 1.05%, DBS, which gained 0.07%, UOB, which gained 0.11%, Keppel Corp, which gained 2.47% and Ascendas REIT, which closed unchanged.
The FTSE ST Mid Cap Index gained 0.27%, while the FTSE ST Small Cap Index rose 0.30%.
The outperforming sectors today were represented by the FTSE ST Oil & Gas Index, which rose 1.98%. The two biggest stocks of the Index - Keppel Corp and Sembcorp Industries- ended 2.47% higher and 1.09% higher respectively.
The underperforming sector was the FTSE ST Technology Index, which slipped 1.26%. Silverlake Axis shares declined 1.98% and CSE Global declined 1.12%.
The three most active Exchange Traded Funds (ETFs) by value today were:
SPDR Gold Shares (+0.25%)
STI ETF (unchanged)
ABF Singapore Bond Index Fund ETF (unchanged)
The three most active Real Estate Investment Trusts (REITs) by value were:
Ascendas REIT (unchanged)
Capitacom Trust (+1.07%)
Capitamall Trust (-0.49%)
The most active index warrants by value today were:
The most active stock warrants by value today were:
DBS MB eCW160711 (unchanged)
KepCorp MBeCW161101 (+7.35%)
UOB MB eCW160705 (+3.23%)
Singapore Stock Market
*ST Index 2,773.31 +6.65 2,766.66 +16.43
Volume: 974.8M 1,049.4M
Value: $775M $793.7M
Gainers/Losers: 207/180 228/165
Daily Market Commentary (Securities)
26 May 2016
The FBM KLCI index gained 0.13 points or 0.01% on Thursday. The Finance Index fell 0.01% to 14241.27 points, the Properties Index up 0.13% to 1147.85 points and the Plantation Index rose 0.29% to 7487.58 points. The market traded within a range of 9.98 points between an intra-day high of 1638.17 and a low of 1628.19 during the session.
Actively traded stocks include EKA, AAX-WA, CAP, VIVOCOM, AAX, AIRASIA, VIVOCOM-WB, KANGER, KANGER-WA and AWC. Trading volume decreased to 1474.22 mil shares worth RM1482.26 mil as compared to Wednesday’s 1733.24 mil shares worth RM1810.63 mil.
Leading Movers were RHBCAP (+12 sen to RM6.18), GENM (+8 sen to RM4.42), PPB (+24 sen to RM16.48), PETCHEM (+7 sen to RM6.56) and MAYBANK (+7 sen to RM8.37). Lagging Movers were AMMB (-18 sen to RM4.19), UMW (-15 sen to RM5.00), BAT (-86 sen to RM49.20), AXIATA (-8 sen to RM5.32) and WPRTS (-5 sen to RM4.27). Market breadth was negative with 315 gainers as compared to 475 losers.
The KLCI closed higher at 1631.09 points amid overnight gains in Wall Street as optimism grew the U.S. economy is strong enough to withstand higher interest rates.
Date As of: 26 May 2016
Description Volume Value Frequency
ETF 800 423,700 08
Stock 3,760,902,335 4,228,954,882,857 210,182
Right 21,966,014 3,691,555,555 1,357
Warrant 20,823,900 662,050,200 2,374
Total 3,803,693,049 4,233,308,912,312 213,921
Thai bourse reaffirms investor confidence in Hong Kong & Japan roadshow
BANGKOK, May 26, 2016 - The Stock Exchange of Thailand (SET) has joined hands with Thanachart Securities pcl and Daiwa Securities Co., Ltd. to host "SET Roadshow 2016 Hong Kong-Tokyo," during May 24-27 in Hong Kong and Japan with more than 237 meetings arranged among top executives of 12 Thai listed companies and 47 foreign institutional funds, presenting the firms' strengths and the Thai economy's potential growth.
The event also highlights listed companies in Thailand Sustainability Investment (THSI), a specific list of firms with outstanding performance on environmental, social and governance (ESG) aspects, towards sustainability.
SET Senior Executive Vice President Santi Kiranand said, "This year SET has set off the roadshows in global investment hubs both in the United States and Asia to attract foreign funds, starting from this roadshow in Hong Kong and Tokyo, Japan. Top executives of the 12 listed firms, from medium to small firms, including those with outstanding performance on ESG in THSI, will present first-hand information directly to foreign investors which can help boost up confidence among foreign funds. The roadshow is well equipped with updated economic information on the government infrastructure development policies and fundraising opportunities aiming to raise confidence among institutional investors."
"With a combined market capitalization of THB 1.4 trillion (approx. 41 billion USD), as of May 25, 2016, Thai listed companies with top performance joining this roadshow in one-on-one meetings and small group meetings are Beauty Community pcl (BEAUTY), Central Plaza Hotel (CENTEL), Chularat Hospital pcl (CHG), Charoen Pokphand Foods pcl (CPF), Delta Electronics (Thailand) pcl (DELTA), Digital Telecommunications Infrastructure Fund (DIF), Energy Absolute pcl (EA), Minor International pcl (MINT), Srisawad Power 1979 pcl (SAWAD), The Siam Cenment pcl (SCC), Tipco Asphalt pcl (TASCO), Thanachart Capital pcl
(TCAP)," Santi added.
This year SET plans to organize four outbound roadshows, in Hong Kong-Japan, Singapore, USA and then Japan again in the fourth quarter. In addition, SET, jointly with CIMB Securities (Thailand) Co., Ltd., organized the annual inbound roadshow called "SET Thai Corporate Day 2016" in March, and has partnered with Phatra Securities pcl together with Bank of America Merrill Lynch to run "Thailand Focus 2016" in August.
As of 26 May 2016 Unit: M.Baht
Type Buy Sell Net
Institution 4,580.88 4,269.23 311.66
Proprietary 3,888.49 3,732.62 155.87
Foreign 9,559.33 9,021.75 537.58
Individual 19,140.93 20,146.03 -1,005.10
Total Trading Value 37,169.63 M.Baht
Vietnam stock index posts biggest drop in over 5 weeks
Vietnam's benchmark VN Index .VNI closed down 1.23 percent on Thursday to its biggest drop since April 19 with most blue chips heading south in line with regional markets.
Asian shares struggled to gain traction, with worries about U.S. interest rates and China's slowing economy keeping
investors on the sidelines.
Decliners outnumbered gainers by more than two to one.
Shares of food, beverage and tobacco firms led the decliners with dairy products maker Vinamilk VNM.HM dropping 2.08, while
food producer Masan Group MSN.HM fell 1.43 percent.
Analysts expect the index to drop further amid an absence of supportive news.
Here is a snapshot of the VN Index .VNI at the close
VN Index 604.34
PREV. CLOSE 611.89
% CHANGE -1.23%
SE Asia Stocks-Sluggish on worries over China slowdown, Fed rate rise
Southeast Asian stocks were largely sluggish on Thursday as worries over an imminent rate increase by the U.S. Fed and signs of a slowdown in China hit sentiment, but higher oil prices boosted energy shares across the board.
Chinese stocks fell to 2-1/2 month lows before closing slightly higher on growing worries that the economy was losing
Data on Wednesday showed profits at China's state-owned firms fell 8.4 percent year-on-year in the first four months of
2016, while total debts of state-owned companies increased 18 percent.
Separately, Moody's ratings agency raised concerns over China's growing debt overhang.
"The markets are sluggish on uncertainties over the two biggest economies of the world. There are still worries over the
Fed raising rates sooner-than-expected, while concerns over the Chinese economy continue keeping the markets choppy," said Lee
Chung Cheng, director of research at JF Apex Securities Bhd in Malaysia.
Comments from Fed officials have hinted at an imminent rate increase, with Dallas Fed chief Robert Kaplan saying on
Wednesday that Britain's June 23 vote on its European Union membership would weigh on any decision at the Fed's June
Philippines .PSI closed more than 1 percent lower, dragged down by industrials. Conglomerate JG Summit Holdings Inc
JGS.PS fell 9.65 percent.
"While JG Summit's private placement may have triggered some selling pressure, the decline in Philippines is merely a healthy
market correction," Manny Cruz, an analyst at Manila-based Asiasec Equity Inc, said.
Vietnam .VNI lost 1.2 percent, its worst percentage loss in five weeks.
Stocks in Singapore however closed marginally higher, helped by rising oil prices that have climbed above $50 a barrel and
factory data showing industrial output grew at its fastest pace in two years. O/R urn:newsml:reuters.com:*:nL3N18N1H8
Keppel Corp KPLM.SI , Sembcorp Marine SCMN.SI and Sembcorp Industries SCIL.SI were among the top percentage gainers on the index, while Singapore Telecommunications Ltd STEL.SI rose 1 percent.
Malaysia .KLSE was flat, while Indonesia .JKSE and Thailand .SETI rose slightly at the close of trade.
Earlier, Asian shares struggled to gain traction, with Japanese stocks flat in thin, choppy trade and MSCI's broadest
index of Asia-Pacific shares outside Japan .MIAPJ0000PUS up 0.2 percent. MKTS/GLOB
SOUTHEAST ASIAN STOCK MARKETS
Market Current previous close Pct Move
Singapore 2773.31 2766.66 0.24
Bangkok 1401.64 1397.63 0.29
Manila 7376.38 7463.95 -1.17
Jakarta 4784.565 4772.977 0.24
Kuala Lumpur 1631.09 1630.96 0.01
Ho Chi Minh 604.34 611.89 -1.23