ASEAN KEY DESTINATIONS
27 November 2013
The Straits Times Index (STI) ended 1.45 points lower or -0.05% to 3,172.06, taking the year-to-date performance to +0.16%.
The FTSE ST Mid Cap Index declined -0.41% while the FTSE ST Small Cap Index declined -0.26%. The top active stocks were SingTel (+1.90%), Noble Group (-0.89%), Global Logistic Properties (-0.68%), DBS (-0.59%) and Keppel Corporation (+0.36%).
The outperforming sectors today were represented by the FTSE ST Telecommunications Index (+1.81%). The two biggest stocks of the FTSE ST Telecommunications Index are StarHub (+1.43%) and SingTel (+1.90%). The underperforming sector was the FTSE ST Health Care Index, which declined -1.60% with Biosensors International Group’s share price declining -2.59% and Raffles Medical Group’s share price declining -0.64%. The FTSE ST Consumer Goods Index declined by -0.91% while the FTSE ST Technology Index declined by -1.53%.
The three most active Exchange Traded Funds (ETFs) by value today were the iShares MSCI India (-0.18%), DBXT FTSE Vietnam ETF (+0.53%) and SPDR Gold Shares (-0.41%).
The three most active Real Estate Investment Trusts (REITs) by value were CapitaMall Trust (-1.28%), Ascendas REIT (unchanged) and Suntec REIT (+0.32%).
The most active index warrants by value today were HSI23400MBePW131230 (-13.16%), HSI23600MBeCW131230 (+8.33%) and HSI24000MBeCW140129 (+7.03%).
The most active stock warrants by value today were DBS MB eCW140204 (-5.16%), GentingSMBeCW140401 (+7.84%) and KepCorp MBeCW140203 (+3.19%).
Singapore Stock Market
*ST Index 3,172.06 -1.45 3,173.51 -7.14
Volume: 1,642.9M 1,723.2M
Value: $810.8M $1,016M
Gainers/Losers: 184/226 232/178
Daily Market Commentary (Securities)
27 Nov 2013
The FBM KLCI index gained 0.33 points or 0.02% on Wednesday. The Finance Index fell 0.13% to 16574.99 points, the Properties Index dropped 0.24% to 1279.24 points and the Plantation Index rose 0.06% to 8791.47 points. The market traded within a range of 7.61 points between an intra-day high of 1799.82 and a low of 1792.21 during the session.
Actively traded stocks include SUMATEC, AT, TITIJYA, SUMATEC-WB, DAYA, TIGER, DSCSOL, AMEDIA, MAS and PESONA. Trading volume decreased to 1495.67 mil shares worth RM2033.82 mil as compared to Tuesday’s 2127.41 mil shares worth RM2678.15 mil.
Leading Movers were GENTING (+24 sen to RM10.30), PETGAS (+18 sen to RM23.10), GENM (+13 sen to RM4.23), KLK (+12 sen to RM23.94) and HLFG (+12 sen to RM15.42). Lagging Movers were PETDAG (-54 sen to RM30.50), UMW (-16 sen to RM12.26), RHBCAP (-14 sen to RM7.71), MAXIS (-1 sen to RM7.03) and AXIATA (-7 sen to RM6.66). Market breadth was negative with 301 gainers as compared to 470 losers.
The local bourse remained flat, having ascended 0.33 points to end the day at 1798.46 following gains in Genting and Petronas Gas. Investor’s sentiment was muted amid absence of fresh market leads.
Indonesia's cenbank gov sees tiny m/m inflation pace in Nov
Indonesia's central bank governor said on Wednesday that consumer prices increased just marginally in November compared with the previous month.
The month-on-month inflation rate is expected to be around 0.05-0.1 percent, Governor Agus Martowardojo said. In October, prices rose 0.09 percent from September.
The governor did not forecast an annual pace for inflation in November.
The statistics bureau is scheduled to announce November inflation figures on Monday.
Indonesia is expected to post a $7 billion current-account deficit in September-December period, narrowing from $8.4 billion in the previous quarter.
Thai property shares get boost from c.bank rate surprise
Shares in Thailand's property firms rallied on Wednesday after the central bank unexpectedly cut rates, lifting the laggard sector gripped by political woes and a weak economic backdrop.
The property sub-index jumped 3.2 percent, the best performing sector on the Thai bourse. It had fallen around 11 percent this month to Tuesday, underperforming the 5.8 percent loss of the broader market <.SETI> .
"The unexpected rate cut gave a psychological lift to the laggard sector," said analyst Danai Tunyapisitchai of broker Phillip Securities. "Lower rates fundamentally are positive to property sales and so, we see buyers of shares of blue-chip developers today."
Shares of Thailand's largest developer Land & Houses leapt 4.7 percent to 10.10 baht, the highest since Nov. 20. It was the third-biggest percentage gainer on the large cap SET50 index.
Shares of No. 2 developer Pruksa Real Estate jumped 3.4 percent near a one-week high while shares of condominium developer LPN Development rose more than 1 percent, hovering around its highest in a week.
Thailand's central bank unexpectedly cut its benchmark interest rate a quarter of a point to 2.25 percent on Wednesday, saying political tension was affecting investor confidence and there was no sign of exports recovering.
The broader benchmark SET index climbed 1 percent after being rangebound before the interest rate decision.
As of 27 November 2013 Unit: M.Baht
Type Buy Sell Net
Institution 5,369.08 2,394.80 2,974.28
Proprietary 3,878.17 2,972.55 905.62
Foreign 8,749.64 13,132.96 -4,383.32
Individual 16,978.51 16,475.09 503.42
Total Trading Value 34,975.40 M.Baht
Vietnam index eases 0.1 pct; Vingroup leads
Vietnam's benchmark VN Index edged down 0.14 percent on Wednesday, led by falls in real estate firm Vingroup and Hanoi-based lender
Vingroup fell 2.19 percent, while Vietcombank declined 1.05 percent. However, shares of top insurer Baoviet Holdings rose 0.48 percent.
Trading volume on Wednesday remained high, supported by buying in some penny stocks, said analyst Phan Dung Khanh at
Maybank Kim Eng Securities.
More than 102.7 million shares were traded on Wednesday, while average trading volume in October was 68.6 million shares,
according to Reuters data.
Some penny stocks have recognised significant increase over the past two months, Khanh said.
Stocks of garment and textile firm Mirae Co have risen to 10,500 dong ($0.50) on Wednesday from 2,700 dong ($0.13) at the end of September, an increase of nearly 300 percent, Reuters data showed.
Here is a snapshot of the VN Index
VN Index 508.43
PREV. CLOSE 509.16
% CHANGE -0.14%
Thai stocks rose on Wednesday as the central bank's unexpected rate cut boosted interest rate-sensitive property stocks such as Land & Houses while most Southeast Asian stock markets posted limited gains after a range-bound session.
Thai SET index rose 1.1 percent, building on the modest rise on Tuesday and further recouping its losses this month, after the Bank of Thailand surprisingly cut its benchmark interest rate by 25 basis points to cope with domestic risks.
The benchmark drifted lower in early trading hours as anti-government protesters marched across the Bangkok capital and stepped up protests across the country in an effort to oust Prime Minister Yingluck Shinawatra.
The property sub-index was an outperformer, surging 3.3 percent, led by a 4.7 percent rise in shares of Land & Houses, the third-biggest percentage gainer on the large cap SET50 index.
Thai stocks suffered more outflows, with foreign investors selling a net 4.4 billion baht ($137.5 million) on the day, taking their net selling this month to $1.46 billion and year-to-date net selling to $4.9 billion.
In a choppy session, stocks in Indonesia closed up 0.4 percent, falling at one point to an 11-week low amid the weakness in the rupiah. The Indonesian currency lost 1.1 percent to its weakest since March 2009.
The Philippines, plagued by the impact of typhoon Haiyan, gained 0.5 percent following the rebound on Tuesday.
Singapore and Malaysia were nearly flat, edging down 0.05 percent and up 0.02 percent, respectively.
Stocks in Vietnam pared early gains to fall 0.2 percent, after three straight sessions of rising streaks.
SOUTHEAST ASIAN STOCK MARKETS
Market Current Prev Close Pct Move
TR SE Asia Index* 397.89 397.54 +0.09
Singapore 3172.06 3173.51 -0.05
Kuala Lumpur 1798.46 1798.13 +0.02
Bangkok 1373.11 1358.69 +1.06
Jakarta 4251.49 4235.26 +0.38
Manila 6053.87 6025.37 +0.47
Ho Chi Minh 508.43 509.16 -0.14
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