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ASEAN STOCK WATCH Asean Affairs  23-24 October 2013 


Singapore

24 October 2013

The Straits Times Index (STI) ended 13.15 points higher or +0.41% to 3,217.95, taking the year-to-date performance to +1.61%.

The FTSE ST Mid Cap Index gained +0.28% while the FTSE ST Small Cap Index gained +0.24%. The top active stocks were DBS (unchanged), Keppel Corp (+0.92%), SingTel (+1.34%), Genting SP (+0.99%) and UOB (+0.10%).

The outperforming sectors today were represented by the FTSE ST Technology Index (+2.85%). The two biggest stocks of the FTSE ST Technology Index are LionGold Corp (+1.72%) and STATS ChipPAC (+12.50%). The underperforming sector was the FTSE ST Utilities Index, which declined -0.21% with United Envirotech’s share price remaining unchanged and Hyflux’s share price declining-0.43%. The FTSE ST Consumer Goods Index gained +0.81%.

The three most active Exchange Traded Funds (ETFs) by value today were the Lyxor Asia 10 (-1.99%), db x-Trackers CSI 300 (+0.66%) and SPDR Gold Shares (+0.31%).

The three most active Real Estate Investment Trusts (REITs) by value were Frasers Centrepoint Trust (unchanged), CapitaMall Trust (unchanged) and Keppel REIT (unchanged).

The most active index warrants by value today were HSI22800MBePW131128 (+11.70%), HSI23200MBeCW131128 (-15.91%) and HSI23600MBePW131128 (+6.55%).

The most active stock warrants by value today were DBS MB eCW140102 (-3.11%), OCBC Bk MBeCW140203 (+5.68%) and UOB MB eCW140103 (+8.93%).

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Singapore Stock Market
                                  Thursday                Wednesday

*ST Index     3,217.95  +13.15     3,204.8  -5.41
Volume:             1,800.6M              2,539.7M
Value:                 $911.1M             $1,326.5M
Gainers/Losers:    222/159                 238/206


Malaysia

Daily Market Commentary (Securities)
24 Oct 2013


The FBM KLCI index gained 4.82 points or 0.27% on Thursday. The Finance Index increased 0.11% to 16871.68 points, the Properties Index dropped 0.12% to 1360.1 points and the Plantation Index rose 0.72% to 8529.18 points. The market traded within a range of 4.76 points between an intra-day high of 1822.17 and a low of 1817.41 during the session.

Actively traded stocks include TMS, AT, XDL, SUMATEC-OR, KBUNAI, XDL-WA, MAS, MEXTER, TIGER and TAS. Trading volume decreased to 1520.05 mil shares worth RM1657.15 mil as compared to Wednesday’s 1711.34 mil shares worth RM2123.61 mil.

Leading Movers were PETDAG (+60 sen to RM30.90), TENAGA (+14 sen to RM9.50), UMW (+14 sen to RM12.54), FGV (+11 sen to RM4.55) and TM (+10 sen to RM5.25). Lagging Movers were HLFG (-10 sen to RM15.32), GENTING (-10 sen to RM10.38), ASTRO (-5 sen to RM2.89), BAT (-4 sen to RM62.76) and HLBANK (-4 sen to RM14.46). Market breadth was negative with 345 gainers as compared to 420 losers.

The KLCI hit another record high after closing at 1818.93 points today, lifted by the gains in Petronas-linked stocks and Tenaga that were expected to be the beneficiaries from Budget 2014. However, broader market breadth was negative as investors locked in their profit following the record high yesterday, ahead of the all-important Budget 2014 tomorrow.


Indonesia

Trade Summary
Date As of:     24 October 2013   

Description          Volume                              Value    Frequency
ETF                  1,000                   592,500            02
Stock    5,763,930,057    6,227,375,268,465    208,071
Warrant     54,466,000           3,671,362,500       1,067
Total     5,818,397,057     6,231,047,223,465   209,140


Vietnam

Vietnam's benchmark VN Index  fell 0.57 percent to close at 501.17 points on Thursday as investors booked quick profit, selling real estate stocks among several blue chips, but the fall could be short-lived, analysts said.

The drop erased gains built earlier in the day on positive macro-economics news, analysts said.

Shares of real estate firm Tan Tao Investment and Industry Corp fell the most, shedding 4.62 percent, followed by Binh Minh Plastic Co, which dropped 2.13 percent.

Earlier this month the index had a five-day gain ending on Oct. 21.

"However, this adjustment would be short and the VN Index is likely to further rise next week," said analyst Nguyen Hoang Phuong from Ho Chi Minh City Securities.

Upbeat sentiment could lift the index near 510 points within the next two weeks, Phuong said.

By the year end the index could rise to 550 points, thanks to positive macro economic outlook, analyst Vu Thi Thu Trang at APEC Securities said.  

Here is a snapshot of the VN Index

                       VN Index       501.17            
                PREV. CLOSE       504.05            
                   % CHANGE       -0.57%            
                                                    
                       HIGH       505.74            
                        LOW       500.64            
                                           

Asean

Malaysian shares inched higher to a record close on Thursday amid optimism about the country's fiscal deficit while Indonesian stocks climbed to their highest close in five weeks amid foreign inflows.

Malaysia's main index added 0.3 percent, extending Wednesday's rise, to a record closing high of 1,818.93, on expectations the government may unveil measures to improve the fiscal deficit. 
   
Shares in Tenaga Nasional, the most actively traded, climbed 1.5 percent to 9.5 ringgit, its highest close for the year.
    
Domestic institutions bought shares worth a net 31 million ringgit ($9.79 million), countering sales led by foreign investors, stock exchange data showed.

Buying interest in late trading hours sent Indonesia's index 1.1 percent higher to 4,594.85, the highest close since Sept. 19. Shares in Bank Mandiri and Bank Rakyat Indonesia were heavily bought.

Indonesian equities brought in foreign inflows for a second session, with $13.75 million worth of net foreign buying reported on Thursday, Thomson Reuters data showed.

Other markets in Southeast Asia ended mixed in a rangebound session, with Singapore posting limited gains as a pick-up in Chinese economic activity bolstered sentiment in global markets.
         
 
SOUTHEAST ASIAN STOCK MARKETS

 
 Market                            Current     Prev Close    Pct Move
 TR SE Asia Index*   423.55        422.31       +0.29
 Singapore              3217.95       3204.80       +0.41
 Kuala Lumpur        1818.93       1814.11       +0.27
 Bangkok                1466.32       1457.36       +0.61
 Jakarta                  4594.84       4546.49       +1.06
 Manila                   6583.77       6635.11        -0.77
 Ho Chi Minh         501.17        504.05       -0.57


................................................................................................



Singapore                                                                          


Yesterday

23 October 2013

The Straits Times Index (STI) ended 5.41 points lower or -0.17% to 3,204.80, taking the year-to-date performance to +1.19%.

The FTSE ST Mid Cap Index gained +0.07% while the FTSE ST Small Cap Index gained +0.16%. The top active stocks were Noble Group (unchanged), SingTel (-0.80%), OCBC Bk (+0.39%), DBS (+0.12%) and Keppel Corp (-0.18%).

The outperforming sectors today were represented by the FTSE ST Real Estate Investment Trusts Index (+0.31%). The two biggest stocks of the FTSE ST Real Estate Investment Trusts Index are CapitaMall Trust (unchanged) and Ascendas REIT (+0.44%). The underperforming sector was the FTSE ST Technology Index, which declined -1.81% with LionGold Corp’s share price declining -9.38% and STATS ChipPAC’s share price remaining unchanged. The FTSE ST Consumer Goods Index gained +0.06%.

The three most active Exchange Traded Funds (ETFs) by value today were the db x-Trackers FTSE Vietnam (+0.33%), iShares MSCI India (-2.17%) and SPDR Gold Shares (+1.56%).

The three most active Real Estate Investment Trusts (REITs) by value were Ascendas REIT (+0.44%), Keppel REIT (+0.42%) and Frasers Centrepoint Trust (+0.27%).

The most active index warrants by value today were HSI23200MBeCW131128 (-25.42%), HSI22800MBePW131128 (+23.68%) and HSI23600MBePW131128 (+25.37%).

The most active stock warrants by value today were YangzijiMBeCW150102 (-0.84%), DBS MB eCW140102 (+3.21%) and OCBC Bk MBeCW140203 (+4.76%).

    
Singapore Stock Market
                                     Thursday        Wednesday

*ST Index    3,205.48  +0.68     3,204.8  -5.41
Volume:              418.7M             2,539.7M
Value:               $154.4M           $1,326.5M
Gainers/Losers   : 92/113               238/206


Malaysia

Daily Market Commentary (Securities)
23 Oct 2013


The FBM KLCI index gained 10.53 points or 0.58% on Wednesday. The Finance Index increased 0.11% to 16853.19 points, the Properties Index up 0.66% to 1361.75 points and the Plantation Index rose 0.47% to 8468.61 points. The market traded within a range of 12.29 points between an intra-day high of 1817.93 and a low of 1805.64 during the session.

Actively traded stocks include SUMATEC-OR, CSL, SKPETRO, XDL, TMS, XDL-WA, DAYA, WPRTS, CSL-WA and GHLSYS. Trading volume decreased to 1711.34 mil shares worth RM2123.61 mil as compared to Tuesday’s 1851.70 mil shares worth RM1825.25 mil.

Leading Movers were PETGAS (+64 sen to RM23.50), GENTING (+30 sen to RM10.48), SKPETRO (+22 sen to RM4.30), TENAGA (+18 sen to RM9.36) and FGV (+9 sen to RM4.44). Lagging Movers were PPB (-20 sen to RM14.60), HLFG (-16 sen to RM15.42), BAT (-10 sen to RM62.80), ASTRO (-3 sen to RM2.94) and AMMB (-2 sen to RM7.49). Market breadth was positive with 474 gainers as compared to 330 losers.

The KLCI surged to an all time high by closing at 1814.11 points today, lifted by heavyweight oil and gas counters, namely SapuraKencana Petroleem and Petronas Gas. The local market was buoyed by the expectations that Federal Reserve will extend its stimulus program following tepid U.S. jobs data.


Indonesia

Trade Summary
Date As of:     23 October 2013    

Description                Volume                               Value      Frequency
ETF                    33,500               22,528,000               15
Stock        5,758,076,439    7,213,605,471,698       172,585
Warrant        107,233,000          4,300,889,000          1,967
Total        5,865,342,939     7,217,928,888,698       174,567


Vietnam

Vietnam's benchmark VN Index gained 0.7 percent to close at 504.05 points on Wednesday, the highest since late August 2013, lifted by
optimistic economic outlook by the year end, analysts said.

"The inflation target of 7 percent set by the government is likely to be achieved," said analyst Tran Minh Hoang from Vietcombank Securities, adding that actual inflation in 2013 could be lower.
    
Funds have been kept in shares and shifted between penny and blue chip stocks, indicating that the market was still attractive to investors, Hoang said.

Foreign investors' net buying totalled 27.95 billion dong ($1.32 million) so far in October, after four months of net selling, the exchange's data showed.

Most blue chips advanced. Pha Lai Thermal Power Co led with a 3.0-percent rise, followed by top insurer Baoviet Holdings, gaining 2.53 percent.

The index was likely to advance near 510 points this week and would have moderate rise until the end of 2013, Hoang added.
   
 Here is a snapshot of the VN Index  
             
                     VN Index       504.05            
              PREV. CLOSE       500.57            
                 % CHANGE        0.70%            
                                                  
                     HIGH       504.81            
                      LOW       501.41      



Asean

Malaysian shares closed at a record high on Wednesday, led by shares in SapuraKencana Petroleum Bhd, while most other indexes in Southeast Asia ended firmer, though they surrendered some of the early gains on fears over tighter policy in China after a weak U.S. jobs data report.

Malaysia's main share index ended 0.6 percent higher at 1,814.11, its all-time closing high, surpassing an earlier peak close of 1810.00 hit on July 24.  

Malaysian oilfield service provider SapuraKencana's shares jumped 5.4 percent, outperforming the broader market, after it agreed to pay $898 million to buy Newfield Exploration Co's Malaysian oil and gas assets.

Other markets ended moderately firmer as concerns about a weaker U.S. economy after disappointing jobs data on Tuesday
kept the gains in check.  

Expectations of tighter monetary policy in China also weighed on the markets. Beijing is concerned that unexpected
increases in inflation and property prices may be partly attributable to liquidity washing into the interbank market.
 
Jakarta's Composite Index gained 0.8 percent, led by financials. The Philippines' share index added 0.5 percent to a more than two-month high.  
    Vietnam  <.VNI> , the region's best performing index this year, rose 0.7 percent to its highest since late August, lifted
by an optimistic economic outlook, analysts said.

Singapore bucked the trend with the benchmark Straits Times Index  ending down 0.2 percent, led by a 0.8 percent
fall in Singapore Telecommunications Ltd.

The index touched a one-month high of 3235.25 in early trade.   
         
 
SOUTHEAST ASIAN STOCK MARKETS
 
 Market             Current     Prev Close    Pct Move
 TR SE Asia Index*   422.17        420.96       +0.29
 Singapore          3204.80       3210.21       -0.17
 Kuala Lumpur       1814.11       1803.58       +0.58
 Bangkok               -          1457.36         -   
 Jakarta            4546.50       4512.74       +0.75
 Manila             6635.11       6603.60       +0.48
 Ho Chi Minh         504.05        500.57       +0.70
 


 

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By David Swartzentruber      

It is commonplace in journalism to write two types of articles at the transition point between the year that has passed and the New Year. As this writer qualifies as an “old hand” in observing Thailand with a track record dating back 14 years, it is time take a shot at what may unfold in Thailand in 2011.

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