ASEAN KEY DESTINATIONS
29 May 2014
The Straits Times Index (STI) ended +28.87 points higher or +0.88% to 3300.71, taking the year-to-date performance to +4.29%.
The FTSE ST Mid Cap Index gained +0.63% and the FTSE ST Small Cap Index gained +0.40%. The top active stocks were SingPost (+8.39%), DBS (+0.71%), SingTel (+1.57%), Noble (+2.56%) and UOB (+2.27%).
The outperforming sectors today were represented by the FTSE ST Telecommunications Index (+1.44%). The two biggest stocks of the FTSE ST Telecommunications Index are SingTel (+1.57%) and StarHub (+0.24%). The underperforming sector was the FTSE ST Health Care Index, which declined -1.37% with Raffles Medical Group’s share price declining -0.27% and Biosensors International Group’s share price declining -2.55%. The FTSE ST Oil and Gas Index gained +0.59%.
The three most active Exchange Traded Funds (ETFs) by value today were IS MSCI India (-0.42%), SPDR Gold Shares (-0.85%), United FT/Xinhua China A50 ETF (unchanged).
The three most active Real Estate Investment Trusts (REITs) by value were Ascendas REIT (+1.23%), Suntec REIT (+0.28%), CapitaMall Trust (+0.98%).
The most active index warrants by value today were HSI23000MBeCW140627 (+3.53%), HSI22600MBePW140627 (-8.22%), HSI23400MBePW140627 (-1.46%).
The most active stock warrants by value today were DBS MB eCW140901 (+8.41%), KepCorp MBeCW141201 (+3.76%), UOB MB eCW140801 (+29.77%).
Singapore Stock Market
*ST Index 3,300.71 +28.87 3,271.84 -2.22
Volume: 2,054.5M 2,004M
Value: $1,425.2M $1,183.1M
Gainers/Losers: 282/165 272/154
Daily Market Commentary (Securities)
29 May 2014
The FBM KLCI index gained 4.96 points or 0.27% on Thursday. The Finance Index increased 0.39% to 17287.93 points, the Properties Index up 0.39% to 1401.36 points and the Plantation Index rose 0.36% to 9146.07 points. The market traded within a range of 8.90 points between an intra-day high of 1878.67 and a low of 1869.77 during the session.
Actively traded stocks include ETITECH, SUMATEC, OLYMPIA, ASB, KNM-WA, AAX, L&G, IRIS, SONA-WA and PBBANK. Trading volume decreased to 1240.78 mil shares worth RM2089.87 mil as compared to Wednesday’s 1376.46 mil shares worth RM2070.10 mil.
Leading Movers were PETDAG (+60 sen to RM25.10), IOICORP (+9 sen to RM5.03), MISC (+8 sen to RM6.23), SKPETRO (+5 sen to RM4.17) and AXIATA (+8 sen to RM6.90). Lagging Movers were PETGAS (-46 sen to RM24.00), TM (-6 sen to RM6.32), FGV (-4 sen to RM4.40), IOIPG (-2 sen to RM2.57) and SIME (-5 sen to RM9.50). Market breadth was positive with 425 gainers as compared to 349 losers.
The KLCI rose to close at 1876.62 points today to extend its recovery as investors bargain hunted in amid of the lower overnight closing the both the US and European market.
As of 29 May 2014 Unit: M.Baht
Type Buy Sell Net
Institution 5,158.49 3,937.39 1,221.10
Proprietary 4,167.86 3,698.98 468.88
Foreign 8,446.15 10,447.26 -2,001.11
Individual 23,758.04 23,446.91 311.13
Total Trading Value 41,530.54 M.Baht
Vietnam index closes up 0.2 pct; big-caps lead
Vietnam's benchmark VN Index ended up 0.2 percent on Thursday, lifted by gains in some large-caps while profit-taking was seen in most other blue-chips and penny stocks, an analyst said.
The country's top firm by market capitalisation, PetroVietNam Gas , rose 2.13 percent to end near a three-week high, while food producer Masan Group gained for the fourth straight session, closing up 2.11 percent at a level unseen in seven weeks, Reuters data showed.
But many stocks fell as investors took profit around the resistance level of 560 points, said analyst Do Bao Ngoc of MB Securities.
Sentiment is cautious around this level, so the index would move sideway in low liquidity for several sessions, Ngoc added.
Here is a snapshot of the VN Index at the close
VN Index 558.45
PREV. CLOSE 557.34
% CHANGE 0.20%
SE Asia Stocks - Philippine near 1-month low; economic hopes further lift Thailand
Thai shares rose for a third day on Thursday amid active buying in builders and consumer stocks as the military government has started working to revive domestic economy, while Philippine shares hit a near one-month low after a weaker-than-expected economic growth.
The SET index was up 0.4 percent at 1,408.51, its highest close since May 19. Shares of builder Ch Karnchang jumped more than 9 percent and retailer CP All closed at a one-year high.
The National Council for Peace and Order (NCPO) is expected to unveil economic policies next week, including state budget.
The Philippine main index finished down 1.6 percent, its worst drop in more than a week, led down by Metropolitan Bank and Trust , which fell 3 percent to a near one-month low.
The Philippine economy unexpectedly grew at its slowest pace in two years in the first quarter, hurt by the impact of last year's super typhoon, raising some speculation the central bank may delay an expected increase in its policy rate.
Singapore's index climbed almost 1 percent to a near one-year high. Malaysia rose for a second day to around one-week high and Vietnam <.VNI> extended gains for a fourth day.
Indonesia was shut for a market holiday.
SOUTHEAST ASIAN STOCK MARKETS
Market Current Prev Close Pct Move
TR SE Asia Index* 422.75 421.38 +0.33
Singapore 3300.71 3271.84 +0.88
Kuala Lumpur 1876.62 1871.66 +0.27
Bangkok 1408.51 1402.79 +0.41
Manila 6676.67 6787.88 -1.64
Ho Chi Minh 558.45 557.34 +0.20