ASEAN KEY DESTINATIONS
02 May 2014
The Straits Times Index (STI) ended -12.16 points lower or -0.37% to 3252.55, taking the year-to-date performance to +2.77%.
The FTSE ST Mid Cap Index gained +0.78% while the FTSE ST Small Cap Index declined -0.17%. The top active stocks were DBS (+1.36%), SingTel (-1.04%), UOB (-1.20%), Global Logistic (-1.40%) and OCBC Bank (+0.73%).
The outperforming sectors today were represented by the FTSE ST Real Estate Investment Trusts Index (+1.03%). The two biggest stocks of the FTSE ST Real Estate Investment Trusts Index are CapitaMall Trust (+0.75%) and Ascendas REIT (+2.18%). The underperforming sector was the FTSE ST Real Estate Holding and Development Index, which declined -1.14% with Hongkong Land Holdings ’ share price declining -2.86% and Global Logistic Properties ’ share price declining -1.40%. The FTSE ST Oil & Gas Index gained +0.23%. The FTSE ST Telecommunications Index declined -0.88%.
The three most active Exchange Traded Funds (ETFs) by value today were the IS MSCI India (+1.41%), DBS Singapore STI ETF (-0.30%), DBXT S&P Cnx Nifty ETF (-1.03%).
The three most active Real Estate Investment Trusts (REITs) by value were Ascendas REIT (+2.18%), Suntec REIT (+2.04%), CapitaMall Trust (+0.75%).
The most active index warrants by value today were HSI22400MBeCW140627 (+8.54%), HSI22400MBePW140529 (-15.56%), HSI21800MBePW140529 (-19.23%).
The most active stock warrants by value today were DBS MB eCW140901 (+13.45%), KepCorp MBeCW140901 (-0.68%), UOB MB eCW140801 (-15.22%).
Singapore Stock Market
*ST Index 3,252.55 -12.16 3,264.71 +26.97
Volume: 1,421M 1,675.7M
Value: $1,235.4M $1,632.4M
Gainers/Losers: 212/228 204/206
Daily Market Commentary (Securities)
2 May 2014
The FBM KLCI index lost 2.44 points or 0.13% on Friday. The Finance Index fell 0.42% to 17072.22 points, the Properties Index dropped 0.13% to 1420.44 points and the Plantation Index down 0.25% to 9062.65 points. The market traded within a range of 5.64 points between an intra-day high of 1871.69 and a low of 1866.05 during the session.
Actively traded stocks include SUMATEC, ASUPREM, CSL, UTOPIA, MAS, SUMATEC-WB, ASIAPAC, KNM-WA, IRIS and DAYA. Trading volume decreased to 1152.15 mil shares worth RM1516.86 mil as compared to Wednesday’s 1506.82 mil shares worth RM2505.31 mil.
Leading Movers were PETCHEM (+11 sen to RM6.84), PETGAS (+20 sen to RM23.70), SIME (+5 sen to RM9.49), BAT (+80 sen to RM62.00) and GENTING (+5 sen to RM9.85). Lagging Movers were PBBANK (-20 sen to RM19.94), CIMB (-9 sen to RM7.42), PPB (-26 sen to RM16.20), IOICORP (-4 sen to RM4.96) and MISC (-8 sen to RM6.43). Market breadth was negative with 355 gainers as compared to 422 losers.
The FBM KLCI finished 2.44 points lower at 1869.08 in the first trading day of May, amid subdued performances in most regional market, mainly dragged down by losses in heavyweight counters namely Public Bank and CIMB as investors took profit from the high closing recorded in the previous trading day.
Indonesia manufacturing activity at 11-mth high in April-survey
Indonesian manufacturing activity expanded at the fastest pace in 11 months in April, bolstered by rising demand and better economic conditions, a HSBC Markit purchasing manager's index (PMI) survey showed on Friday.
The index rose to 51.1 last month from 50.1 in March. A reading above 50.0 signals expansion and one below that means contraction.
New orders rose in April at the fastest pace since January on buoyant demand both domestic and overseas.
Surveyed respondents reported that stronger demand from trading partners in Asia and Europe had helped export orders.
Rising new orders, the survey showed, also prompted employers to increase their workforces for the first time since last July.
"Nevertheless it remains to be seen if this momentum can be sustained," said Su Sian Lim, economist at HSBC.
Lim added that Bank Indonesia's 175 basis points of interest rate hikes last year was still filtering through the economy, and the current lending rates of commercial banks do not fully reflect the tightening policy.
While orders improved, output in Southeast Asia's biggest economy fell for the second consecutive month due to flood-related effects, the parliamentary elections early in the month and shortages of some raw materials. The index for April was 49.8.
The survey also showed that manufacturers charged higher output prices due to increasing input costs for metals, electronic components, chemicals, plastics, paper, textiles and energy prices.
As of 2 May 2014 Unit: M.Baht
Type Buy Sell Net
Institution 4,443.13 3,474.85 968.28
Proprietary 2,485.47 2,621.80 -136.33
Foreign 8,415.67 6,735.09 1,680.59
Individual 15,727.87 18,240.40 -2,512.54
Total Trading Value 31,072.14 M.Baht
SE Asia Stocks-Most gain for the week; Philippine leads
Most Southeast Asian markets closed higher on the week, with Philippine shares leading gains after solid corporate earnings pushed the index up from
its 2-week low hit earlier this week.
The Philippine index gained 0.9 percent this week as better-than-expected company earnings spurred investors to pour money back into the country's stocks.
On Friday, the index was propped up by a late surge in Philex Mining Corp after the mining company reported core net profit more than doubled from the same period last year. Shares of the company closed 6.1 percent higher.
Gains were also led by transportation firm International Container Terminal Services Inc which rose 4.2 percent.
The company won a 26-year contract on Friday to construct and operate a container terminal in Melbourne, Australia.
Thailand's SET index climbed 0.9 percent this week, stretching gains into a third week. Warehouse firm Sub Sri Thai PCL led gains with a 20 percent rise.
Markets were jittery throughout the day as a marginal increase in China manufacturing activity and U.S. April payrolls report due after trading hours weighed on sentiment.
Singapore's benchmark Straits Times Index fared poorly, closing 0.5 percent down on the week, despite record first-quarter earnings posted by the country's three banks.
Indonesia fell 1.2 percent for the week, while Kuala Lumpur edged up 0.4 percent.
The Vietnam market was closed on Friday for a public holiday.
SOUTHEAST ASIAN STOCK MARKETS
Market Current Prev Close Pct Move
TR SE Asia Index* 420.08 419.41 +0.16
Singapore 3252.55 3264.71 -0.37
Kuala Lumpur 1869.08 1871.52 -0.13
Bangkok 1421.48 1414.94 +0.46
Jakarta 4838.76 4840.15 -0.03
Manila 6742.97 6707.91 +0.52