ASEAN KEY DESTINATIONS
07 November 2014
The Straits Times Index (STI) ended -4.57 points lower or -0.14% to 3286.39, taking the year-to-date performance to +3.84%.
The FTSE ST Mid Cap Index declined -0.04% while the FTSE ST Small Cap Index declined -0.21%. The top active stocks were DBS (+0.78%), Suntec REIT (+3.92%), UOB (-0.85%), Sembcorp Ind (-3.20%) and Global Logistic (unchanged).
The outperforming sectors today were represented by the FTSE ST Utilities Index (+2.23%). The two biggest stocks of the FTSE ST Utilities Index are United Envirotech (+3.41%) and Hyflux (-0.50%). The underperforming sector was the FTSE ST Technology Index, which declined -3.08% with Silverlake Axis’ share price declining -1.49% and STATS ChipPAC’s share price declining -18.10%.
The three most active Exchange Traded Funds (ETFs) by value today were the SPDR Gold Shares (+0.09%), IS MSCI India (-0.52%), DBXT MSCI Indonesia ETF (-1.97%).
The three most active Real Estate Investment Trusts (REITs) by value were Suntec REIT (+3.92%), Ascendas REIT (+0.90%), CapitaCom Trust (-0.91%).
The most active index warrants by value today were HSI23000MBePW141230 (+7.07%), HSI23400MBePW141127 (+9.72%), HSI23800MBeCW141230 (-10.69%).
The most active stock warrants by value today were UOB MB eCW150302 (-8.49%), DBS MB eCW150106 (+11.57%), OCBC Bk MBeCW150302 (+2.27%).
Singapore Stock Market
*ST Index 3,286.39 -4.57 3,290.96 +3.3
Volume: 1,213.6M 1,441.6M
Value: $1,075.6M $1,101.4M
Gainers/Losers: 186/238 189/240
Date As of: 07 November 2014
Description Volume Value Frequency
Total 4,970,617,740 4,607,240,724,940 191,404
ETF 65,000 35,737,900 554
Stock 4,961,922,868 4,606,807,290,080 190,571
Warrant 8,629,872 397,696,960 279
Ten Thai companies added to MSCI indexes effective from November 26
BANGKOK, November 7, 2014 - The Stock Exchange of Thailand (SET) revealed that MSCI Inc., a global index provider, would add 10 Thai listed companies in its indexes, consisting of three companies - DELTA, EA, TUF - into the MSCI Global Standard Indexes, and the other seven companies added in the MSCI Global Small Cap Indexes. These changes, resulted from MSCI's semi-annual index review, will be effective from November 26.
SET President Kesara Manchusree said, "The three Thai listed companies have been added to MSCI Global Standard Indexes, with no deletions of those previously on the list, making Thailand the country with the highest net addition in Southeast Asia. These companies, having a combined market capitalization of THB 264 billion (USD 8 billion), are Delta Electronics (Thailand) pcl (DELTA),
Energy Absolute pcl (EA), the first mai-listed company added in MSCI Global Standard indexes, and Thai Union Frozen Products pcl (TUF). Consequently, the total number of Thai listed companies in the indices has now reached 29."
In addition, seven Thai companies were added to MSCI Global Small Cap Indexes and eight companies were removed. Of those deleted, two stocks (DELTA and EA) were upgraded to MSCI Global Standard Indexes. The additions are Aira Capital pcl (AIRA), E for L AIM pcl (EFORL), Ichitan Group pcl (ICHI), Kaset Thai International Sugar Corporation pcl (KTIS), P.C.S. Machine Group Holding pcl (PCSGH), Srisawad Power 1979 pcl (SAWAD) and Superblock pcl (SUPER). They have a combined market cap of THB 173 billion.
"Thailand remains Southeast Asia's highest net addition in MSCI indexes, representing remarkable Thai listed companies in terms of size and liquidity
compared with the neighboring countries, despite domestic and international volatilities. The increasing number of Thai companies in MSCI will boost
investment weighting on the Thai stock market as a whole. Among seven Thai companies in the MSCI Small Cap indexes, five were newly-listed companies this year, namely AIRA, ICHI, KTIS, PCSGH and SAWAD, reflecting their upbeat businesses of newly-listed stocks being well-received by investors," Kesara added.
According to the MSCI Global Standard Indexes review, four net additions are from ASEAN - three from Thailand and one from Singapore. As for the MSCI Small Cap Indexes, there are 20 net additions from ASEAN - seven from Thailand, four from Singapore, five from Malaysia, three from Indonesia and one from the Philippines. Thus, the most net additions in ASEAN to the two MSCI indexes are from Thailand.
MSCI Indexes are designed as a benchmark to measure equity market performance.
They are well-known among foreign institutional investors, especially foreign fund managers who use them as benchmarks to measure Thailand's equity market. MSCI selects companies for inclusion based on their market cap, liquidity and number of tradable shares for foreign investors.
As of 7 November 2014 Unit: M.Baht
Type Buy Sell Net
Institution 4,595.57 5,380.51 -784.94
Proprietary 4,268.19 3,256.17 1,012.02
Foreign 10,904.28 9,549.55 1,354.73
Individual 42,489.19 44,071.01 -1,581.82
Total Trading Value 62,257.23 M.Baht
Vietnam index ends up 0.8 pct, blue chips lead
Vietnam's benchmark VN Index climbed 0.79 percent to close at 602.59 points on Friday, led by gains in some blue chips, with property firm HAGL
extending gains after a fund deal.
Masan Group Corp shares jumped 4.27 percent to close at 85,500 dong ($4.02) each, the highest since Aug. 25, while HAGL ended up 1.18 percent for the third straight rise, with volume hitting a one-month high, Reuters data showed.
U.S.-based investment group Global Emerging Markets (GEM) will buy up to 1.7 trillion dong worth of HAG shares in the next three months following a deal signed on Thursday.
The deal value is around 8.4 percent of HAGL's market capitalisation as of Friday, according to Reuters data, while the Vietnamese firm said in a statement that GEM would be its strategic investor.
Here is a snapshot of the VN Index at the close
VN Index 602.59
PREV. CLOSE 597.85
% CHANGE 0.79%
SE Asia Stocks-Mostly down; awaits signals from US jobs data
Most Southeast Asian markets closed lower on Friday, with Jakarta leading the fall, as investors cautiously waited for nonfarm payrolls data from the U.S due later in the day.
Indonesian stocks posted the biggest decline in the region with a 0.9 percent fall, concluding the week with a 2 percent drop and its first week in the red in more than a month.
"If the payroll data tonight shows significant improvement, investors are concerned that the Fed may raise rates earlier than expected," said Andri Zakarias, an analyst with BNI Securities in Jakarta.
The number of people filing claims for unemployment benefits in the U.S. fell more than expected last week, data showed on Thursday. The government is expected to report Friday that nonfarm payrolls advanced 231,000 last month after rising 248,000 in September.
Adding to the pressure in Jakarta was disappointing GDP data and delay in the announcement of a fuel price increase.
"The recent GDP data was bad while the uncertainty in the fuel price hike remains, which led to a correction in the index," Zakarias said.
The Philippines stock index fell 0.4 percent with Bloomberry Resorts Corp, a Philippine gaming company dropping 7.7 percent. Brokerage Maybank KimEng downgraded the stock to 'hold' on Friday and cut the company's 2014 and 2015 net profit estimates by about 17 percent.
Thailand fell 0.2 percent with a focus on stocks that have been added or deleted from MSCI's indexes, said Phillip Securities in a note on Friday.
Thailand's Delta Electronics Capital PCl , an electronics manufacturer and distributor, jumped 14 percent after the stock was added to the MSCI Global Standard index, while hotel operator Central Plaza Hotel PCl fell 2.1 percent after it was removed from the MSCI Global Small Cap index.
Bucking the trend, Vietnam index rose 0.8 percent on the day.
SOUTHEAST ASIAN STOCK MARKETS
Market Current Prev Close Pct Move
Singapore 3286.39 3290.96 -0.14
Kuala Lumpur 1824.19 1831.98 -0.43
Bangkok 1578.37 1580.77 -0.15
Jakarta 4987.42 5034.23 -0.93
Manila 7205.72 7236.63 -0.43
Ho Chi Minh 602.59 597.85 +0.79