ASEAN KEY DESTINATIONS
24 November 2014
The Straits Times Index (STI) ended -4.79 points lower or -0.14% to 3340.53, taking the year-to-date performance to +5.55%.
The FTSE ST Mid Cap Index gained +0.23% while the FTSE ST Small Cap Index gained +0.34%. The top active stocks were Forterra Trust (+20.97%), SingTel (-0.77%), CapitaLand (+1.53%), DBS (-0.45%) and Suntec REIT (-0.52%).
The outperforming sectors today were represented by the FTSE ST Technology Index (+0.88%). The two biggest stocks of the FTSE ST Technology Index are Silverlake Axis (+1.22%) and STATS ChipPAC (+1.12%). The underperforming sector was the FTSE ST Telecommunications Index, which declined -0.68% with SingTel’s share price declining -0.77% and StarHub’s share price unchanged.
The three most active Exchange Traded Funds (ETFs) by value today were the IS MSCI India (+0.26%), SPDR Gold Shares (+0.47%), STI ETF (+0.30%).
The three most active Real Estate Investment Trusts (REITs) by value were Suntec REIT (-0.52%), Ascendas REIT (+0.44%), CapitaMall Trust (+0.25%).
The most active index warrants by value today were HSI23800MBeCW141230 (+41.25%), HSI24400MBeCW141230 (+41.51%), HSI23600MBePW141230 (-31.11%).
The most active stock warrants by value today were DBS MB eCW150602 (+4.65%), UOB MB eCW150415 (-2.04%), OCBC Bk MBeCW150413 (-9.71%).
Singapore Stock Market
*ST Index 3,340.53 -4.79 3,345.32 +29.72
Volume: 1,479.8M 1,157.9M
Value: $1,065.9M $1,089.5M
Gainers/Losers: 224/187 268/151
Daily Market Commentary (Securities)
24 Nov 2014
The FBM KLCI index gained 24.64 points or 1.36% on Monday. The Finance Index increased 0.58% to 16286.49 points, the Properties Index up 0.99% to 1408.28 points and the Plantation Index rose 1.67% to 8332.58 points. The market traded within a range of 24.14 points between an intra-day high of 1833.77 and a low of 1809.63 during the session.
Actively traded stocks include MINETEC, MEGB, PRIVA, FRONTKN, JAG, KNM, SUMATEC, SYSTECH, RGB and PDZ. Trading volume increased to 2241.90 mil shares worth RM1915.32 mil as compared to Friday’s 1766.31 mil shares worth RM1659.75 mil.
Leading Movers were FGV (+18 sen to RM3.42), SKPETRO (+13 sen to RM3.24), TENAGA (+52 sen to RM14.46), TM (+20 sen to RM7.38) and GENM (+11 sen to RM4.19). Lagging Movers were YTL (-2 sen to RM1.58), and KLCC (-5 sen to RM6.74). Market breadth was positive with 510 gainers as compared to 297 losers.
The KLCI started the week on a positive note, closing higher at 1833.77 points after Malaysia's government decision to practice the managed float system to set its fuel prices. Trading sentiment was supported by the decision of China's central bank to cut its interest rate for the first time since July 2012 following the announcement by European Central Bank about its bond-buying program and Malaysia.
As of 24 November 2014 Unit: M.Baht
Type Buy Sell Net
Institution 4,511.90 2,388.67 2,123.23
Proprietary 3,889.83 3,681.47 208.36
Foreign 10,099.86 8,630.02 1,469.84
Individual 30,859.64 34,661.07 -3,801.43
Total Trading Value 49,361.23 M.Baht
Vietnam index nears 1-mth low in cautious trade
Vietnam's benchmark VN Index dropped 0.94 percent to close at its lowest since Oct. 27 on Monday in cautious sentiment after the central bank imposed a cap on loans for stock investment.
The State Bank of Vietnam said it will cap bank loans for share investment at 5 percent of a lender's registered capital and only banks with bad debt under 3 percent of loans would be able to provide the credit.
"Short-term effect is definitely negative, as margin trading in the market has been quite messy, non-transparent and high," said head analyst Tran Thang Long of BIDV Securities.
"The rule will enforce a healthier and more transparent regime while bringing fairness to compliant organisations," Long said, adding that the market may recover after several drops.
Volume fell to the lowest in one week at 116 million shares on Vietnam's main exchange, while nearly 60 percent of equity heads lost ground on Monday, led by food producer Masan Group Corp with a 3.05 percent fall,
Here is a snapshot of the VN Index at the close
VN Index 582.53
PREV. CLOSE 588.03
% CHANGE -0.94%
SE Asia Stocks - Malaysia posts best gain in 15 months after fuel pricing plan
Malaysian shares posted their best gain in almost 15 months on Monday as the government's fuel pricing plan allayed concerns over the country's budget deficit while Singapore retreated despite data showing inflation near a five-year low in October.
Others in Southeast Asia mostly finished higher in line with Asian markets as the prospect of further policy stimulus in China and Europe whetted risk appetite globally.
Kuala Lumpur's composite index rose 1.36 percent, its biggest single-day rise since Aug. 30, 2013. Shares of Sapurakencana Petroleum jumped 4.2 percent and Tenaga Nasional was up 3.7 percent, among top gainers.
The ringgit also outperformed regional peers.
The Malaysian bourse said foreign investors bought shares worth a net 108 million ringgit ($32.23 million), their first in four sessions. They sold a combined 157 million ringgit ($46.85 million) in three sessions from Wednesday.
Malaysia will scrap subsidies for petrol and diesel from Dec. 1, the government said on Friday, a bold move that could potentially result in some 20 billion ringgit ($5.97 billion) savings annually.
"The decision to float is timely as the switch should have a benign impact on inflation given that the average market price is close to the current fixed retail price ... Furthermore, the government will now have more fiscal space and more control over the fiscal deficit," CIMB said in a report.
Singapore's Straits Times Index closed down 0.1 percent at 3,340.53, just shy of an intra-day low after earlier climbing to the highest since Sept. 12.
Singapore's headline consumer inflation in October rose 0.1 percent from a year ago, the lowest since December 2009.
SOUTHEAST ASIAN STOCK MARKETS
Market Current Prev Close Pct Move
Singapore 3340.53 3345.32 -0.14
Kuala Lumpur 1833.77 1809.13 +1.36
Bangkok 1590.14 1579.20 +0.69
Jakarta 5141.76 5112.05 +0.58
Manila 7325.13 7276.18 +0.67
Ho Chi Minh 582.53 588.03 -0.94