ASEAN KEY DESTINATIONS
16 October 2014
The Straits Times Index (STI) ended -44.51 points lower or -1.39% to 3154.21, taking the year-to-date performance to -0.34%.
The FTSE ST Mid Cap Index declined -1.36% while the FTSE ST Small Cap Index declined -1.58%. The top active stocks were Keppel Corp (-3.73%), DBS (-1.61%), SingTel (-0.81%), Noble (-3.15%) and Ezion (-8.39%).
The outperforming sectors today were represented by the FTSE ST Technology Index (-0.26%). The two biggest stocks of the FTSE ST Technology Index are Silverlake Axis (+1.18%) and STATS ChipPAC (-2.89%). The underperforming sector was the FTSE ST Oil & Gas Index, which declined -3.89% with Keppel Corp’s share price declining -3.53% and Sembcorp Industries' share price declining -2.82%. The FTSE ST Consumer Services Index declined -1.56%. The FTSE ST Real Estate Index declined -0.98%. The FTSE ST Utilities Index declined -1.78%.
The three most active Exchange Traded Funds (ETFs) by value today were the DBXT MSCI Asia Ex Japan ETF (+0.35%), STI ETF (-1.54%), ISHARES USD Asia Bond ETF (-1.13%).
The three most active Real Estate Investment Trusts (REITs) by value were Ascendas REIT (unchanged), CapitaMall Trust (+0.26%), CapitaCom Trust (-0.62%).
The most active index warrants by value today were HSI22800MBePW141127 (+12.73%), HSI23600MBeCW141127 (-15.29%), HSI23000MBeCW141127 (-16.44%).
The most active stock warrants by value today were DBS MB eCW150106 (-22.83%), KepCorp MBeCW150303 (-24.64%), OCBC Bk MBeCW150302 (-10.29%).
Singapore Stock Market
*ST Index 3,154.21 -44.51 3,198.72 +4.32
Volume: 1,361.8M 1,426.2M
Value: $1,343.6M $939.3M
Gainers/Losers: 75/420 138/299
Daily Market Commentary (Securities)
16 Oct 2014
The FBM KLCI index lost 19.07 points or 1.07% on Thursday. The Finance Index fell 1.41% to 16258.08 points, the Properties Index dropped 2.74% to 1347 points and the Plantation Index down 0.87% to 7874.14 points. The market traded within a range of 17.07 points between an intra-day high of 1784.84 and a low of 1767.77 during the session.
Actively traded stocks include SUMATEC, PDZ, BJCORP, HUBLINE, SKPETRO, KNM, CENSOF, ASIABIO, GLOTEC and DGB. Trading volume increased to 2557.45 mil shares worth RM2679.08 mil as compared to Wednesday’s 2044.22 mil shares worth RM2165.96 mil.
Leading Movers were BAT (+122 sen to RM66.72), HLFG (+24 sen to RM16.98), ASTRO (+2 sen to RM3.19), and HLBANK (+6 sen to RM14.00) Lagging Movers were SKPETRO (-25 sen to RM3.16), CIMB (-29 sen to RM6.19), GENTING (-23 sen to RM8.87), GENM (-10 sen to RM3.90) and AXIATA (-14 sen to RM6.93). Market breadth was negative with 64 gainers as compared to 1001 losers.
The KLCI plunged 19.07 points to 1767.77, dragged by losses in heavyweight counters such as SapuraKencana and CIMB. The performance of our benchmark index was in line with overnight losses in US markets as investor sentiment was dented following the disappointing retail sales data by US in September coupled with the slowdown in global economic.
Date As of: 16 October 2014
Description Volume Value Frequency
Total 8,369,553,018 7,742,389,056,387 235,393
ETF 23,600 14,193,000 219
Stock 8,355,470,118 7,740,858,807,287 234,311
Warrant 14,059,300 1,516,056,100 863
TFEX's derivatives volume up 88 pct in the first nine months
Bangkok, October 16, 2014 - Thailand Futures Exchange PCL (TFEX), under The Stock Exchange of Thailand group, revealed that derivatives trading volume surged 88 percent to 127,536 contracts per day from a year earlier, adding the total trading volume to 23,339,171 contracts with mini SET50 futures and stock futures still being the most popular products.
In the first nine months of this year, TFEX's most transaction mainly came from stock futures (56.6 percent), SET50 futures (37.5 percent), and gold futures (4.8 percent), while the open interest (as of end-September) soared by 301 percent to 1,367,106 contracts with number of investor accounts rising to 96,992. The trading proportion of retail investors accounted for 56 percent, institutional investors 36 percent, while foreign investors represented 8 percent. On September 25, the total trading volume of TFEX hit an all-time high of 524,478 contracts.
Stock futures was TFEX's most actively traded product with daily average trading volume of 72,200 contracts, up 110 percent from a year earlier. The increase was in line with the stock market's growth. The top five most actively traded derivatives were Bangkok Land pcl (BLAND), True Corporation pcl (TRUE), Jasmine International pcl (JAS), TMB pcl (TMB) and Italian-Thai Development pcl (ITD).
The top three brokers with highest the stock futures trading volume were KGI Securities (Thailand) pcl, Phatra Securities pcl and KT ZMICO Securities Co., Ltd. Currently, there are 60 stock futures available.
Meanwhile, SET50 futures' trading volume totaled 47,850 contracts per day, doubling a year earlier, due mainly to the recent adjustment of its size in May, making the product one fifth smaller than its original size (mini SET50 futures). As such investors have more flexibility to trade and manage their portfolios efficiently with more liquidity and it could attract new investors to trade the products. The top three brokers with highest SET50 futures trading volume were KGI Securities (Thailand) pcl, Credit Suisse Securities (Thailand) Limited and Maybank Kim Eng Securities (Thailand) pcl.
TFEX has continuously boosted the trading liquidity of SET50 options. In the latest attempt, the exchange has collaborated with KGI Securities and Ausiris Futures Co., Ltd. to operate continuous quote of the options trading since September. In addition, TFEX's added Land & Houses Securities pcl (LHS) as a member, enabling it to operate futures brokerage for TFEX from the end of September onwards.
TFEX is also committed to expand foreign investors via activities. In November, TFEX will join hands with partners to hold Trading Asia Symposium 2014 in order to give trading insight to investors in Chicago, United States. Meanwhile, the exchange also plans a roadshow in Singapore in December. Moreover, TFEX has gained an approval from Bursa Malaysia Derivatives Berhad since October 9, allowing Malaysian futures brokers to trade TFEX derivatives. To grow quality investor base, TFEX is continuously providing futures knowledge and holding seminar activities. For more information on TFEX's programs and activities.
As of 16 October 2014 Unit: M.Baht
Type Buy Sell Net
Institution 3,006.24 2,864.01 142.24
Proprietary 4,320.15 4,073.50 246.66
Foreign 8,029.27 10,606.35 -2,577.08
Individual 30,967.31 28,779.12 2,188.19
Total Trading Value 46,322.98 M.Baht
Vietnam index ends at 3-mth low, global worries weigh
Vietnam's benchmark VN Index tumbled 2.83 percent to close at 587.17 points on Thursday, the lowest since July 14, as investors sold most
shares in line with a sell-off in global equities.
Most stocks fell as selling mounted towards the session close and as the index broke through its 595-point resistance level, while newly emerged bargain hunting was hammered by widespread selling amid investors' cautious sentiment.
The index closed at 586.23 points on July 14 .
Stocks suffered the biggest losses in years and the dollar slumped on Wednesday after the latest inflation data from the United States and China fanned worries about a global slowdown, driving investors into safe-haven government debt.
"The global situation is so bad. Investors feared so they quickly left the market," said a Hanoi-based trader with Ho Chi Minh City Securities, noting that a higher volume on Thursday did not mean investors were cutting loss.
Volume stood at 170 million on Thursday, above the five-day average level of 136 million, Reuters data showed.
PetroVietNam Gas, Vietnam's biggest firm by market value, languished in the red to close at 103,000 dong ($4.86), the lowest in more than four weeks, having lost a combined 11 percent over the past five sessions, according to Reuters data.
"The next support level is 580 points," said Doan Thi Anh Nguyet, an analyst with Saigon-Hanoi Securities. "But without supporting news, the index is likely to drop below that level."
Losing shares totalled 226, or about three quarters of all the stocks on the Ho Chi Minh Stock Exchange, while 25 shares managed to outperform the sell-out, Reuters data showed.
Thursday's loss marked the fifth straight decline for the VN Index, while foreigners have been net sellers for four consecutive days, according data by Reuters and the exchange.
Here is a snapshot of the VN Index at the close
VN Index 587.17
PREV. CLOSE 604.29
% CHANGE -2.83%
SE Asia Stocks -Malaysia at over 13-mnth low amid global economic concerns
Malaysian stocks fell for a fifth session on Thursday to a more than 13-month low, while Singapore shares hit their lowest since March, led down by
energy-related stocks as oil prices were hit by growing concerns over the global economy.
Kuala Lumpur's composite index closed down 1.07 percent at 1,767.77, its lowest since Sept. 10, 2013. Among the losers, shares of oil and gas services firm SapuraKencana Petroleum plunged 7.3 percent to the lowest since May 2013.
Singapore's Straits Times Index slipped 1.4 percent to 3,154.21, with shares of Keppel Corp , the most actively traded by turnover, down 3.7 percent.
Late selling sent Thailand's key SET index 1.4 percent lower to 1,526.15, a more than two-month low. Decliners were led by shares of PTT , the country's biggest energy firm, and its units including PTT Global Chemical .
Bucking the trend, the Philippine main index rose for a second day as domestic investors bought shares while foreign investors were net sellers worth 759 million peso ($16.9 million), stock exchange data showed.
SOUTHEAST ASIAN STOCK MARKETS
Market Current Prev Close Pct Move
Singapore 3154.21 3198.72 -1.39
Kuala Lumpur 1767.77 1786.84 -1.07
Bangkok 1526.15 1547.41 -1.37
Jakarta 4951.61 4962.94 -0.23
Manila 7028.58 6991.19 +0.53
Ho Chi Minh 587.17 604.29 -2.83