ASEAN KEY DESTINATIONS
21 October 2014
The Straits Times Index (STI) ended +21.69 points higher or +0.68% to 3202.74, taking the year-to-date performance to +1.20%.
The FTSE ST Mid Cap Index gained +0.30% while the FTSE ST Small Cap Index gained +0.33%. The top active stocks were DBS (+1.28%), Genting Sing (-0.95%), Keppel Corp (+0.94%), SingTel (+0.27%) and Ascendas Reit (+0.45%).
The outperforming sectors today were represented by the FTSE ST Real Estate Holding and Development Index (+1.06%). The two biggest stocks of the FTSE ST Real Estate Holding and Development Index are Hongkong Land Holdings (+1.04%) and Global Logistic Properties (+1.49%). The underperforming sector was the FTSE ST Basic Materials Index, which declined -0.85% with Midas Holdings’ share price unchanged and Geo Energy Resources’ share price declining -2.00%. The FTSE ST Consumer Services Index gained +0.41%. The FTSE ST Real Estate Index gained +0.81%. The FTSE ST Utilities Index declined -0.34%.
The three most active Exchange Traded Funds (ETFs) by value today were the IS MSCI India (+0.69%), SPDR DJIA ETF Trust (+1.08%), SPDR Gold Shares (+0.75%).
The three most active Real Estate Investment Trusts (REITs) by value were Ascendas REIT (+0.45%), CapitaMall Trust (+1.29%), Suntec REIT (+0.28%).
The most active index warrants by value today were HSI22800MBePW141127 (-7.48%), HSI23600MBeCW141127 (+4.23%), HSI23200MBeCW141230 (+1.27%).
The most active stock warrants by value today were DBS MB eCW150106 (+7.23%), OCBC Bk MBeCW150302 (unchanged), KepCorp MBeCW150401 (unchanged).
Singapore Stock Market
*ST Index 3,202.74 +21.69 3,181.05 +13.32
Volume: 1,133.7M 1,074.3M
Value: $962.8M $1,038M
Gainers/Losers: 229/182 243/173
Daily Market Commentary (Securities)
21 Oct 2014
The FBM KLCI index lost 6.92 points or 0.38% on Tuesday. The Finance Index fell 0.34% to 16612.83 points, the Properties Index dropped 0.40% to 1388.41 points and the Plantation Index down 0.53% to 7946.87 points. The market traded within a range of 10.17 points between an intra-day high of 1804.83 and a low of 1794.66 during the session.
Actively traded stocks include MAS, XINGHE, SUMATEC, IFCAMSC-WA, FITTERS-WB, IDMENSN, CENSOF, BJCORP, IFCAMSC and REACH-WA. Trading volume decreased to 1245.56 mil shares worth RM1382.53 mil as compared to Monday’s 2049.77 mil shares worth RM2211.52 mil.
Leading Movers were KLCC (+10 sen to RM6.63), GENM (+6 sen to RM4.10), FGV (+4 sen to RM3.06), YTL (+2 sen to RM1.66) and BAT (+70 sen to RM67.50). Lagging Movers were PETCHEM (-13 sen to RM5.93), CIMB (-13 sen to RM6.41), DIGI (-11 sen to RM5.82), KLK (-32 sen to RM20.20) and ASTRO (-4 sen to RM3.21). Market breadth was negative with 306 gainers as compared to 464 losers.
The KLCI closed 6.92 points lower at 1796.22 points today. The local bourse hovered in the red for majority of the day as investors took the opportunity to lock in gains, on the back of overnight equity gains on Wall Street and better-than-expected economic data out of China. Regionally, Asian markets remained mixed as investors anticipate the Chinese government would avoid broader stimulus measures being employed and look forward to further corporate/economic data due later this week.
Date As of: 21 October 2014
Description Volume Value Frequency
Total 4,795,512,399 4,784,176,628,255 173,517
ETF 3,307,400 3,012,177,100 47
Stock 4,715,164,599 4,778,535,066,655 171,740
Warrant 77,040,400 2,629,384,500 1,730
Thai bourse to affirm attractiveness on U.S. and Asia roadshows in Oct-Nov
BANGKOK, October 21, 2014 - The Stock Exchange of Thailand (SET) will showcase attractiveness and strength of the Thai capital market and the economy among foreign institutional investors on the upcoming two roadshows in the United States, Malaysia and Singapore in October and November, making a total eight roadshows held this year.
SET has successfully attracted foreign funds in the global financial hubs jointly visited with partners throughout the year. The amount of foreign holdings in Thai securities has significantly increased from 2013 (the closing date during January-April), especially from funds in Hong Kong, Malaysia and Singapore. All in all, this year's eight inbound and outbound roadshows would be participated by 119 Thai companies to discuss and provide business insights to foreign investors in Canada, France, Hong Kong, Japan, Malaysia, Singapore, United Kingdom and United States.
SET President Kesara Manchusree said that with clear and solid economic stimulus measures announced by the new government, investors' confidence has continuously risen. Evidently, foreign investors became net buyers for three months in a row during July-September, while investment and business moods were back to normal. As such, SET would strategically add two more roadshows in the United States, Malaysia and Singapore during the last quarter of this year to showcase the private sector's strength and business expansions resulting from the country's economic growth.
"Investors were mainly interested in the country's economic direction as seen from the previous inbound and outbound roadshows. They need insights of government's economic measures in short-, medium- and long-term plans. It was significant that most Thai firms joining the roadshows this year were medium-sized companies, in line with SET's strategic plan aiming to boost visibility of these companies. The companies also took the opportunity to present to investors their business plans and advantages gained from the government's policy," Kesara added.
For the upcoming events, SET will join hands with partners to approach foreign investors currently having Thai stocks in their portfolios and requiring the situation updates for investment decision. During October 27-30, SET, together with KT Zmico Securities Co., Ltd. and Auerbach Grayson and Company LLC will hold "Thailand - Finding Alpha inside a Democratic Evolution" in New York and San Francisco, the United States. The event will be participated by Ekniti Nitithanprapas, deputy director of the Fiscal Policy Office, and 10 top executives of Thai companies.
During November 19-21, SET, together with Bank of America Merrill Lynch and Phatra Securities pcl will organize "Thai Corporate Forum" in Singapore and Malaysia with ten medium-cap companies joining to present their business potential in one-on-one and group meetings.
As of 21 October 2014 Unit: M.Baht
Type Buy Sell Net
Institution 2,361.02 2,647.89 -286.86
Proprietary 4,212.43 4,479.49 -267.06
Foreign 7,472.31 8,339.09 -866.78
Individual 22,232.63 20,811.93 1,420.70
Total Trading Value 36,278.40 M.Baht
Vietnam index ends up 1.9 pct, liquidity low
Vietnam's benchmark VN Index jumped 1.92 percent to end near a one-week high, lifted by some heavyweights while smaller shares standing flat and low liquidity showed extended caution.
PetroVietNam Gas, Vietnam's top firm by capitalisation that accounts for a fifth of total market value, surged 6.86 percent, while property firm Vingroup climbed 4.04 percent.
Indexes tracking Vietnam's small- and mid-cap stocks were almost flat in low liquidity as investors had feared a strong sell could take place when the market neared a critical resistance level of 600 points, said manager Nguyen The Minh of Viet Capital Securities.
Volume picked up slightly from the previous session to 87 million, but still well below the five-day average of 118.5 million, Reuters data showed.
Here is a snapshot of the VN Index at the close
VN Index 600.55
PREV. CLOSE 589.24
% CHANGE +1.92%
SE Asia Stocks-Singapore up in earnings season; Indonesia weak on new cabinet jitters
Singapore's stock index hit a more than one week high on Tuesday, helped by selective buying in a reporting season while the Indonesian benchmark snapped two sessions of gains as investors waited for the formation of the country's new cabinet.
The Straits Times index was up 0.7 percent at 3,202.74, the highest close since Oct. 10, extending gain for a third session. Shares of Keppel Corporation rose 0.9 percent, among actively-traded stocks.
Keppel, the world's largest jackup rig builder, reported after market close that its third-quarter net profit fell 9 percent on the year to S$414 million ($325.8 million), weighed down by a lacklustre performance at its property division.
Jakarta's composite index finished down 0.22 percent, reversing from a near three-week closing high on Monday.
New Indonesian President Joko Widodo said on Tuesday he was re-evaluating some of his choices for cabinet jobs after an anti-graft agency raised concern about possible problems with some candidates.
SOUTHEAST ASIAN STOCK MARKETS
Market Current Prev Close Pct Move
Singapore 3202.74 3181.05 +0.68
Kuala Lumpur 1796.22 1803.14 -0.38
Bangkok 1526.14 1526.67 -0.03
Jakarta 5029.34 5040.53 -0.22
Manila 7068.03 7057.53 +0.15
Ho Chi Minh 600.55 589.24 +1.92