ASEAN KEY DESTINATIONS
Daily Market Commentary (Securities)
31 May 2016
The FBM KLCI index lost 3.87 points or 0.24% on Tuesday. The Finance Index fell 0.27% to 14169.43 points, the Properties Index up 1.10% to 1153.87 points and the Plantation Index down 0.05% to 7446.92 points. The market traded within a range of 8.74 points between an intra-day high of 1633.08 and a low of 1624.34 during the session.
Actively traded stocks include ARMADA, CIMB, MAYBANK, IOICORP, SME, AAX, DIALOG, KBUNAI, PCHEM and AIRASIA. Trading volume increased to 2693.00 mil shares worth RM6708.60 mil as compared to Monday’s 1555.49 mil shares worth RM1647.95 mil.
Leading Movers were MISC (+12 sen to RM7.72), YTL (+2 sen to RM1.63), WPRTS (+4 sen to RM4.34), TM (+5 sen to RM6.73) and ASTRO (+1 sen to RM2.76). Lagging Movers were GENTING (-13 sen to RM8.36), UMW (-6 sen to RM4.98), BAT (-56 sen to RM50.06), IOICORP (-4 sen to RM4.14) and IHH (-6 sen to RM6.46). Market breadth was negative with 356 gainers as compared to 434 losers.
The KLCI closed lower at 1626.00 points. The performance of our local bourse was bogged down by last minute selling interest in heavy weights counters such as Genting, UMW and IOI Corp.
Date As of: 31 May 2016
Description Volume Value Frequency
ETF 2,600 2,243,900 09
Stock 5,367,445,599 8,814,343,172,938 239,333
Warrant 14,542,900 278,290,600 356
Total 5,381,991,099 8,814,623,707,438 239,698
As of 31 May 2016 Unit: M.Baht
Type Buy Sell Net
Institution 3,855.11 4,637.97 -782.87
Proprietary 5,591.92 4,427.01 1,164.91
Foreign 32,605.95 30,998.06 1,607.89
Individual 25,157.30 27,147.24 -1,989.94
Total Trading Value 67,210.28 M.Baht
Vietnam index ends up; posts first weekly loss in nearly 2 months
Vietnam's benchmark VN Index .VNI was up 0.62 percent at the close on Friday as most shares rallied after a strong drop in the previous session, but posted its first weekly loss in nearly two months.
Gaining stocks outnumbered the decliners by nearly two to one. Shares of top dairy products maker Vinamilk VNM.HM , the country's biggest firm by market value, gained 1.42 percent, followed by lender VietinBank CTG.HM , which advanced 1.75 percent.
The index, Southeast Asia's best performer in 2015, lost a combined 1.1 percent this week, snapping the seven-week winning streak.
Analysts expect the market to drop in the next few sessions due to an absence of supportive news.
Here is a snapshot of the VN Index .VNI at the close
VN Index 608.11
PREV. CLOSE 604.34
% CHANGE +0.62%
SE Asia Stocks-Flat to lower ahead of U.S. economic data
Southeast Asian stocks closed flat to lower on Tuesday as investors waited for cues from U.S. inflation and employment data due this week, the two most important indicators for a "data-dependent" U.S. Federal Reserve.
Investors will also be keeping a keen eye out for Fed Chair Janet Yellen's speech in Philadelphia on Monday for clarity over whether rates would be increased as early as June. On Friday, Yellen said if current economic conditions held, a rate hike over the next few months would be "appropriate."
While Fed policymakers will be looking at inflation and jobs data as they decide whether to raise key interest rates as soon as June, traders will read through them to try and get ahead of the Fed decision. urn:newsml:reuters.com:*:nL1N18Q08Q
"The underlying message from a Fed rate hike is that global economies are recovering, and that sits well with investors. We expect markets to move sideways until then," said Grace Aller, an analyst with Manila-based AP Securities.
"We're not expecting markets to react badly to the interest rate hike, the way they did last year. Investors are comfortable and are getting a clearer picture of the trajectory of a Fed rate hike, so there will be less surprises in the markets this time, and less sudden movements."
Singapore's Straits Times Index .STI closed marginally lower on the day, its second session of losses. It lost 1.67
percent this month, its second straight monthly decline.
Vietnam shares .VNI rose for a third straight session, led by energy stocks. It gained 3.4 percent in May, its fourth
consecutive monthly jump.
Indonesia .JKSE snapped four sessions of gains and closed 0.81 percent lower, dragged down by technology stocks. For the month, it declined 0.86 percent, its second straight monthly fall.
"Investors in Indonesia are concerned about the economic conditions - they're trying to find evidences of growth, which are not actually there," said Taye Shim, an analyst with Daewoo Securities Indonesia.
Malaysia .KLSE extended losses into a second straight day and finished 0.24 percent lower. It declined 2.79 percent for the month.
Philippines .PSI surrendered early gains and closed down 0.84 percent. It posted a gain of 3.4 percent for the month.
Thailand .SETI closed little changed on the day, shrugging off data that showed the country's industrial output rose for a second straight month in April. The index gained 1.40 percent for the month, its fourth monthly gain in five.
Market Current Previous close Pct Move
Singapore 2791.06 2796.75 -0.20
Bangkok 1424.28 1424.12 0.01
Manila 7401.6 7464.34 -0.84
Jakarta 4796.869 4836.033 -0.81
Kuala Lumpur 1626 1629.87 -0.24
Ho Chi Minh 618.44 614.5 0.64