ASEAN KEY DESTINATIONS
09 May 2014
The Straits Times Index (STI) ended +4.44 points higher or +0.14% to 3252.13, taking the year-to-date performance to +2.76%.
The FTSE ST Mid Cap Index declined -0.55% while the FTSE ST Small Cap Index declined -0.63%. The top active stocks were UOB (+2.05%), DBS (+0.18%), Wilmar Intl (-3.89%), SingTel (+0.53%) and HanKore Env (-18.52%).
The outperforming sectors today were represented by the FTSE ST Telecommunications Index (+0.47%). The two biggest stocks of the FTSE ST Telecommunications Index are SingTel (+0.53%) and StarHub (-0.24%). The underperforming sector was the FTSE ST Utilities Index, which declined -6.46% with United Envirotech’s share price declining -6.02% and Hyflux’s share price remaining unchanged. The FTSE ST Oil & Gas Index gained +0.20%.
The three most active Exchange Traded Funds (ETFs) by value today were the IS MSCI India (+2.83%), Lyxor ETF Asia Ex 10 (-2.35%), DBXT FTSE Vietnam ETF 10 (+3.15%).
The three most active Real Estate Investment Trusts (REITs) by value were CapitaMall Trust (-0.50%), CapitaCommercial Trust (-0.62%), Keppel REIT (unchanged).
The most active index warrants by value today were HSI21600MBePW140627 (-2.96%), HSI21800MBeCW140627 (+1.02%), HSI21800MBePW140529 (-6.02%).
The most active stock warrants by value today were DBS MB eCW140901 (unchanged), KepCorp MBeCW140901 (+0.68%), DBS MB ePW140701 (-2.50%).
Singapore Stock Market
*ST Index 3,252.13 +4.44 3,247.69 +11.26
Volume: 1,665.8M 1,357.6M
Value: $1,112.7M $973.5M
Gainers/Losers: 153/235 221/192
Daily Market Commentary (Securities)
9 May 2014
The FBM KLCI index gained 3.88 points or 0.21% on Friday. The Finance Index increased 0.14% to 17023.76 points, the Properties Index up 0.01% to 1407.99 points and the Plantation Index rose 0.35% to 9152.02 points. The market traded within a range of 6.76 points between an intra-day high of 1865.77 and a low of 1859.01 during the session.
Actively traded stocks include PDZ, HUBLINE, TALAMT, MAS, DSONIC-CA, NICORP, HARVEST, GPA, SYMPHNY and SILKHLD. Trading volume decreased to 1589.14 mil shares worth RM1798.50 mil as compared to Thursday’s 1778.44 mil shares worth RM1932.08 mil.
Leading Movers were AXIATA (+8 sen to RM6.88), MAXIS (+9 sen to RM6.89), TM (+11 sen to RM6.19), IHH (+5 sen to RM4.01) and MAYBANK (+3 sen to RM9.84). Lagging Movers were GENTING (-7 sen to RM9.75), PPB (-12 sen to RM16.38), GENM (-2 sen to RM4.19), PBBANK (-2 sen to RM20.02) and UMW (-8 sen to RM10.74). Market breadth was positive with 439 gainers as compared to 339 losers.
The KLCI closed marginally higher at 1866.72 points on the last trading day of the week. Trading sentiment was mixed in regional markets after the flattish overnight performance of Wall Street offsetting the optimism of sharp fall in China’s inflation that may gives Beijing more leeway to stimulate the Chinese economy.
Date As of: 09 May 2014
Description Volume Value Frequency
ETF 3,000 2,256,300 26
Stock 5,478,787,018 6,127,186,820,315 176,980
Right 7,210 16,192,500 09
Warrant 12,424,100 659,999,800 402
Total 5,491,221,328 6,127,865,268,915 177,417
Thai bourse launches SET Star Junior Table Tennis project
BANGKOK, May 9, 2014 – The Stock Exchange of Thailand (SET) joins hands with The Table Tennis Association of Thailand to launch “SET Star Junior Table Tennis” project, aiming at supporting table tennis in the country and encouraging young sports talents nationwide to compete in global competitions. This underlines SET’s commitment to improve people’s potentials, paving way to enhance the quality of life and strengthen society.
SET today signed a memorandum of understanding with the table tennis association in order to jointly support and promote young table tennis players, leading towards the world championships.
SET Chairman Sathit Limpongpan said that following the Thai capital market’s mission in sustainable development, SET has placed emphasis on taking good care of the society simultaneously with operating business. Promoting sports is one of SET’s social activities with expectation that Thai youth would increasingly turn into sports, spending free time for fruitful pursuits, and enhancing physical and mental health.
“Table tennis plays a vital role in sports as it is for everyone. It enhances a number of skills such as movement, flexibility, strength, endurance, eyes exercise, as well as developing human brains. As such, we are willing to cooperate with the table tennis association sharing the same spirit by initiating this project. The key objective is to seek young table tennis talents nationwide, then train them for the world contests. We envision potential of Thai youths that they can reach the world championships, similar to proven success from badminton and volleyball,” Sathit added.
President of The Table Tennis Association of Thailand Piradej Pruttipruk said, “We appreciate SET’s support and emphasis on youth development in selecting table tennis as a vehicle for the mission. We aim to push Thai youth players forward in top 10 world ranking within the next four years.”
SET’s first joint-cooperation with the association is to hold “SET Thailand Junior and Cadet Open 2014” competition on May 14-18 in Bangkok. The contest attracts players from eight countries namely Denmark, Hong Kong, Indonesia, Japan, New Zealand, Singapore, and Taiwan. For Thailand, there are selected 60 Thai youth players participating in the contest.
SET Group: “Matching Your Right Financial Opportunities”
As of 9 May 2014 Unit: M.Baht
Type Buy Sell Net
Institution 3,797.12 3,231.91 565.20
Proprietary 2,852.30 2,976.61 -124.31
Foreign 6,136.68 8,022.67 -1,885.99
Individual 13,313.84 11,868.75 1,445.10
Total Trading Value 26,099.95 M.Baht
Vietnam index up nearly 3 pct as investors go bargain hunting
Vietnam's benchmark VN Index ended nearly 3 percent higher on Friday, recouping some of its losses in the previous day on a dispute in the South China Sea between Vietnam and China that dragged the index to its biggest drop since October 2001.
Investors, especially funds and foreign institutional buyers, picked up plummeting but fundamentally good shares, resulting in strong bargain hunting in most blue-chips, analysts said.
VN Index's price-over-earning ratio (PE) is now the lowest among Southeast Asian countries at 12.16, far below the leading Philippines' benchmark with a PE of 20.09, Reuters data showed.
"The market has recovered, and margin call pressure has lessened, but a solid rebound depends on how the political situation turns out," said Doan Minh Quan, a manager at ACB Securities.
Top gainer PetroVietnam Gas, the country's largest listed firm, jumped 5.43 percent, its biggest gain since April last year, Reuters data showed.
Dairy product maker Vinamilk rose 4 percent while food producer Masan Group was up 3.45 percent.
Here is a snapshot of the VN Index at the close
VN Index 542.46
PREV. CLOSE 527.09
% CHANGE 2.92%
SE Asia Stocks -Philippines rises after S&P upgrade boosts inflows; Thai shares lag on week
Philippine shares rose to their highest in 11 months on Friday as market cheered the surprise Standard & Poor's credit rating upgrade, while Thai stocks
suffered their worst weekly drop in 19 weeks as the political stalemate hurt investor sentiment.
The Philippine main index <.PSI> was up 1.2 percent, ending the week up 1.6 percent, a seventh consecutive week. The market rally took its year to date gain to 14.8 percent in terms of
local currency, Asia's best performing market.
S&P raised the Philippines' credit rating to two notches above investment grade, the first debt watcher to do so, saying reforms are likely to continue beyond the administration of
President Benigno Aquino. The report came late on Thursday.
Philippine bourse recorded a net foreign inflow of 758 million peso ($17.2 million) on the day, the biggest in more than one week, according to Thomson Reuters and stock exchange data.
In Bangkok, foreign investors further cut positions in shares, sending the SET index 0.1 percent lower on the day and down 3.1 percent on the week, Southeast Asia's second
worst performer after Vietnam, which was down 6.2 percent.
Thai police fired teargas on Friday at royalist protesters bent on bringing down a caretaker government after a court threw Prime Minister Yingluck Shinawatra out of office and an anti-graft agency indicted her for negligence.
SOUTHEAST ASIAN STOCK MARKETS
Market Current Prev Close Pct Move
TR SE Asia Index* 419.16 417.95 +0.29
Singapore 3252.13 3247.69 +0.14
Kuala Lumpur 1866.72 1862.84 +0.21
Bangkok 1377.37 1379.02 -0.12
Jakarta 4898.14 4860.89 +0.77
Manila 6847.26 6765.21 +1.21
Ho Chi Minh 542.26 527.09 +2.92