ASEAN KEY DESTINATIONS
10 October 2014
The Straits Times Index (STI) ended -35.38 points lower or -1.09% to 3223.87, taking the year-to-date performance to +1.86%.
The FTSE ST Mid Cap Index declined -1.14% while the FTSE ST Small Cap Index declined -1.22%. The top active stocks were Keppel Corp (-1.76%), DBS (-0.76%), Noble (-1.94%), SingTel (-1.58%) and Ezion (-5.41%).
The outperforming sectors today were represented by the FTSE ST Basic Materials Index (-0.14%). The two biggest stocks of the FTSE ST Basic Materials Index are Midas Holdings (unchanged) and Geo Energy Resources (unchanged). The underperforming sector was the FTSE ST Oil & Gas Index, which declined -2.09% with Keppel Corp’s share price declining -1.76% and Sembcorp Industries’ share price declining -1.38%. The FTSE ST Consumer Services Index declined -0.37%. The FTSE ST Real Estate Index declined -1.03%. The FTSE ST Utilities Index declined -0.95%.
The three most active Exchange Traded Funds (ETFs) by value today were the DBXT MSCI Singapore IM ETF (unchanged), SPDR Gold Shares (-0.56%), IS MSCI India (-1.34%).
The three most active Real Estate Investment Trusts (REITs) by value were Ascendas REIT (-0.90%), CapitaMall Trust (-0.52%), Suntec REIT (-1.39%).
The most active index warrants by value today were HSI23600MBeCW141127 (-29.51%), HSI22800MBePW141127 (+27.37%), HSI23000MBeCW141127 (-21.31%).
The most active stock warrants by value today were DBS MB eCW150106 (-13.60%), KepCorp MBeCW150303 (-12.77%), UOB MB eCW141201 (-17.86%).
Singapore Stock Market
*ST Index 3,223.87 -35.38 3,259.25 +32.54
Volume: 1,239.4M 1,194.1M
Value: $966M $1,054.5M
Gainers/Losers: 98/358 236/184
Daily Market Commentary (Securities)
10 Oct 2014
The FBM KLCI index lost 20.85 points or 1.14% on Friday. The Finance Index fell 1.44% to 16759.57 points, the Properties Index dropped 0.93% to 1417.19 points and the Plantation Index down 0.98% to 8175.25 points. The market traded within a range of 14.83 points between an intra-day high of 1822.92 and a low of 1808.09 during the session.
Actively traded stocks include CENSOF, PDZ, IFCAMSC-WA, SUMATEC, IFCAMSC, MBSB, ASIABIO, ASIABIO-WA, EFFICEN and TALAMT. Trading volume increased to 2225.85 mil shares worth RM2345.86 mil as compared to Thursday’s 1814.67 mil shares worth RM1852.37 mil.
Leading Movers were AXIATA (+3 sen to RM7.07), DIGI (+2 sen to RM5.87), TM (+2 sen to RM6.85), GENM (+1 sen to RM4.12) and TENAGA (+2 sen to RM12.56). Lagging Movers were SKPETRO (-15 sen to RM3.65), UMW (-34 sen to RM11.62), KLK (-56 sen to RM20.48), IHH (-12 sen to RM4.76) and PBBANK (-38 sen to RM18.28). Market breadth was negative with 152 gainers as compared to 748 losers.
The KLCI slid 20.85 points to end at 1808.88, amid cautious ahead of Malaysia’s 2015 Budget announcement today. The losses in our benchmark index was bogged down by selling pressure in banking counters such as CIMB, AmBank, Public Bank and Maybank. This was in line with sharp decline in the US market as investors are concerned on weaker global economic prospect and continued political crisis in Hong Kong after the cancelation of negotiation with protesters.
Date As of: 10 October 2014
Description Volume Value Frequency
ETF 1,600 1,000,100 10
Stock 3,997,109,072 4,445,851,336,059 170,381
Warrant 9,142,597 590,895,240 442
Total 4,006,253,269 4,446,443,231,399 170,833
As of 10 October 2014 Unit: M.Baht
Type Buy Sell Net
Institution 3,244.70 2,606.98 637.73
Proprietary 3,285.02 3,726.20 -441.18
Foreign 8,547.63 9,607.51 -1,059.87
Individual 23,399.50 22,536.18 863.32
Total Trading Value 38,476.86 M.Baht
Vietnam index dips 1.1 pct on margin and global worries
Vietnam's benchmark VN Index closed down 1.06 percent on Friday as investors offloaded shares amid worries on high margin trading and a slowdown in global growth, analysts said.
PetroVietNam Gas , the country's biggest firm by market value, led the losses with a 2.59 percent decline, after closing at a three-week high in the previous session.
GAS gains kept the index positive almost all day before the stock fell near the session end, while the number of losing equities dominated the market throughout the whole session, Reuters data showed.
"Margin trading seems to have reached its permissible limit so there is no additional funding for the market," said analyst Le Dac An of Tan Viet Securities.
Concerns over the global economic outlook also discouraged investors from holding equities, analysts said.
Asian shares shuddered and Brent crude oil prices tumbled to their lowest since 2010 on Friday after weak German export data raised fears that Europe's economic woes could drag down the global economy.
Here is a snapshot of the VN Index at the close
VN Index 617.72
PREV. CLOSE 624.34
% CHANGE -1.06%
SE Asia Stocks -Malaysia leads regional loss on week
Southeast Asian stock markets fell on Friday, in line with global markets amid prospects of a widespread economic slowdown, with energy related stocks lagging in the region along with declining oil prices.
Shares of offshore and marine firms were among those most actively traded in Singapore and Malaysia. Singapore's Keppel Corp was down 1.8 percent while Malaysia's UMW Oil & Gas Corp dropped 3.24 percent.
In Bangkok, shares of the country's biggest energy firm PTT were down 2.9 percent. In Jakarta, coal mining shares were among the stocks that were hit, led by a 4.4 percent loss in Adaro Energy
Malaysia's key index was an underperformer, ending down 1.14 percent at 1,808.88, its lowest close since March 14. It slipped 1.7 percent on the week, its biggest decline since the week ended Aug. 23, 2013 and was the region's worst performer.
Prime Minister Najib Razak presented Malaysia's 2015 budget proposals on Friday, stressing plans to balance the budget by 2020, starting by lowering the deficit to 3 percent of gross domestic product in 2015 from 3.5 percent at the end of this year.
Stock exchange data showed foreign investors sold shares in Thailand, Indonesia and the Philippines worth a net 1.1 billion baht ($33.88 million), 620 billion rupiah ($50.78 million) and 1.5 billion peso ($33.5 million), respectively.
On the week, Singapore extended losses for a fourth week, down 0.9 percent, Thailand posted a second straight week of loss, sliding 1.1 percent and the Philippines eased 1.1 percent, its third week of declines. Indonesia was up 0.3 percent on the week, and Vietnam gained 1 percent.
SOUTHEAST ASIAN STOCK MARKETS
Market Current Prev Close Pct Move
Singapore 3223.87 3259.25 -1.09
Kuala Lumpur 1808.88 1829.73 -1.14
Bangkok 1552.72 1560.61 -0.51
Jakarta 4962.96 4993.88 -0.62
Manila 7167.35 7201.89 -0.48
Ho Chi Minh 617.72 624.34 -1.06