ASEAN KEY DESTINATIONS
28 October 2014
The Straits Times Index (STI) ended -14.46 points lower or -0.45% to 3211.65, taking the year-to-date performance to +1.48%.
The FTSE ST Mid Cap Index declined -0.15% while the FTSE ST Small Cap Index declined -0.05%. The top active stocks were UOB (-0.74%), Keppel Corp (-1.38%), SingTel (unchanged), Noble (-4.82%) and DBS (-0.22%).
The outperforming sectors today were represented by the FTSE ST Utilities Index (+2.02%). The two biggest stocks of the FTSE ST Utilities Index are United Envirotech (+7.72%) and Hyflux (-0.49%). The underperforming sector was the FTSE ST Basic Materials Index, which declined -2.25% with Midas Holdings’ share price declining -3.03% and Geo Energy Resources' share price declining -2.08%. The FTSE ST Consumer Services Index gained +0.20%. The FTSE ST Real Estate Index declined -0.54%.
The three most active Exchange Traded Funds (ETFs) by value today were the SPDR Gold Shares (-0.04%), STI ETF (-0.31%), DBXT MSCI Indonesia ETF (-1.26%).
The three most active Real Estate Investment Trusts (REITs) by value were Ascendas REIT (-0.43%), Suntec REIT (-0.57%), CapitaMall Trust (-0.26%).
The most active index warrants by value today were HSI23600MBeCW141127 (+28.38%), HSI22800MBePW141127 (-28.00%), HSI23500VTeCW141127 (+33.33%).
The most active stock warrants by value today were DBS MB eCW150106 (+3.33%), KepCorp MBeCW150401 (-11.70%), UOB MB eCW150302 (-6.10%).
Singapore Stock Market
*ST Index 3,211.65 -14.46 3,226.11 +3.56
Volume: 1,192.2M 1,130.8M
Value: $1,001.8M $999.3M
Gainers/Losers: 147/236 194/222
Daily Market Commentary (Securities)
28 Oct 2014
The FBM KLCI index gained 2.53 points or 0.14% on Tuesday. The Finance Index increased 0.03% to 16625.39 points, the Properties Index dropped 0.63% to 1428.33 points and the Plantation Index down 0.11% to 8308.29 points. The market traded within a range of 6.48 points between an intra-day high of 1825.85 and a low of 1819.37 during the session.
Actively traded stocks include SONA-WA, NIISIN, SUMATEC, IFCAMSC-WA, IFCAMSC, PDZ, BJCORP, EFFICEN, DGB and TAKASO. Trading volume decreased to 1580.88 mil shares worth RM1786.73 mil as compared to Monday’s 2293.04 mil shares worth RM1855.28 mil.
Leading Movers were PPB (+38 sen to RM14.76), KLCC (+15 sen to RM6.80), KLK (+48 sen to RM22.46), PETDAG (+38 sen to RM19.94) and PETCHEM (+10 sen to RM6.10). Lagging Movers were SKPETRO (-15 sen to RM3.39), IHH (-6 sen to RM4.91), YTL (-2 sen to RM1.72), GENM (-2 sen to RM4.19) and GENTING (-3 sen to RM9.38). Market breadth was negative with 284 gainers as compared to 529 losers.
The KLCI extended yesterday’s gains by ending 2.53 points higher at 1825.68, despite the lower close in Wall Street as investors were cautious ahead of US Federal Reserve decision on possible stimulus program. The gain in our benchmark index was underpinned by buying in Petronas-linked counters.
Date As of: 28 October 2014
Description Volume Value Frequency
Total 7,522,539,187 4,841,139,876,081 192,376
ETF 4,300 2,906,300 39
Stock 7,458,413,287 4,836,878,907,981 191,091
Warrant 64,121,600 4,258,061,800 1,246
114 firms to meet investors in Thai bourse's "Opportunity Days"
BANGKOK, October 28, 2014 - The Stock Exchange of Thailand (SET) will hold its quarterly "Opportunity Days" (OppDay), where top management of listed companies meet directly with analysts and investors, during November 3-December 12, 2014.
This last quarter will see 114 firms, with a combined THB 4.7 trillion (approx.USD 145 billion) market capitalization, participate in the event.
SET Senior Vice President Paveena Sriphotong said that the Opportunity Days, a quarterly event, this year provides the newest Oppday version application on iPhone, by adding Opportunity Day calendar and shareholders benefits, such as shareholders meeting rights, dividend rights and recapitalization rights, boosting information accessibility.
"This event features presentations by analysts in six sectors, which are Commerce (COMM), Finance & Securities (FIN), Energy & Utilities (ENERG),
Information & Communications Technology (ICT), Petrochemicals & Chemicals (PETRO), Property Development (PROP) and companies in Market for Alternative Investment (mai). It is significant that this period will showcase Thailand's first REIT Impact Growth Real Estate Investment Trust (IMPACT) recently listed (October 1), presenting updated information and data of interest to investors,"
SET continues to hold Opportunity Day in key cities nationwide such as a joint cooperation with Asset Pro Management (APM) and Kaohun Turakij newspaper to hold an event, enabling investors to meet with executives of Demco pcl (DEMCO) on October 31 at Centara Convention Center Hotel in Udonthani province (northeastern part of Thailand). On November 28 investors will have a chance to listen to and meet with T.K.S. Technologies pcl (TKS) and Synnex (Thailand) pcl (SYNEX) at Lee Garden Hotel in Hat Yai, Song Kla province (in the southern part).
The Opportunity Days will be broadcast live targeted at both domestic and foreign investors through webcast (www.set.or.th/oppday and
www.settrade.com/oppday) and an application called OppDay, on iPad, iPhone, and Android devices. The free applications can be downloaded via App Store and Play Store. SET Gro
As of 28 October 2014 Unit: M.Baht
Type Buy Sell Net
Institution 4,207.41 1,880.33 2,327.08
Proprietary 4,005.02 4,038.07 -33.05
Foreign 9,302.77 11,623.99 -2,321.22
Individual 33,623.34 33,596.15 27.19
Total Trading Value 51,138.55 M.Baht
Vietnam index rebounds on bargain hunting, rate cuts
Vietnam's benchmark VN Index ticked up 0.4 percent to close on Tuesday, snapping a three-fall streak, as investors bought cheap shares ahead of the
central bank's key rate cuts, analysts and traders said.
The index ended at 583.13 points after hitting its lowest close since July 2 on Monday when investors offloaded most stocks after one of the country's top tycoons was detained on suspicion of fraud.
The State Bank of Vietnam on Tuesday said it would lower the ceiling on dollar and dong deposits, a move that the market has expected and which could reduce loan rates and boost economic growth.
"Seems like the main reason for today's rally is the rate cuts, besides bargain hunting after a steep fall on Monday," said a Hanoi-based trader with Ho Chi Minh City Securities.
About half of the number of equities on the exchange advanced, led by Hanoi-based lender Vietcombank with a 1.92 percent rise and steel producer Hoa Phat Group that increased 1.89 percent.
Here is a snapshot of the VN Index at the close
VN Index 583.13
PREV. CLOSE 580.80
% CHANGE +0.4%
SE Asia Stocks-Mixed; Indonesia down at near two-week low; Fed meet eyed
Southeast Asian markets ended mixed on Tuesday with Indonesia falling to a near-two-week low as investors awaited the outcome of the U.S. Federal Reserve meeting that begins later in the session for clues to the direction of U.S. interest rates.
The Jakarta Composite Index closed 0.5 percent weaker at its lowest since Oct. 16, recording a decline for a third straight session as the country's newly-appointed cabinet weighed on investor sentiment.
Jakarta-based Trimegah Securities in a research note said Indonesian President Joko Widodo's cabinet has more political appointees than expected holding several important posts.
Trimegah expects the market to remain sceptical and will need to see a sizable fuel price hike of 2,000 rupiah or more for the Jokowi government to regain the full confidence of investors.
Foreign investors sold a net $52.46 million worth of Indonesian stocks on Tuesday, Thomson Reuters data showed.
In other markets, investors were broadly concerned over the outcome of the Fed meeting.
Singapore-based NetResearch Asia in a investor note said the Fed's post-meeting comments will be closely watched with observers divided as to whether there would be any change in its stance on interest rates and especially on any changes to the end date for the third round of quantitative easing.
"Though some may cheer such a move, it would also signal to others that the Fed's grasp on economic indicators may not be as thorough as it should be, especially after recent assurances that plans are on track," it said.
The Philippines and Singapore fell 0.5 percent each to one-week lows.
Thailand , bucking the trend, gained 0.6 percent to its highest close since Oct. 9, despite foreign investors selling a net $71.53 million worth of shares.
Malaysia recouped early losses to end marginally higher, while Vietnam rebounded on bargain-hunting.
SOUTHEAST ASIAN STOCK MARKETS
Market Current Prev Close Pct Move
Singapore 3211.65 3226.11 -0.45
Kuala Lumpur 1825.68 1823.15 +0.14
Bangkok 1556.53 1547.89 +0.56
Jakarta 5001.30 5024.29 -0.46
Manila 7066.74 7103.54 -0.52
Ho Chi Minh 583.13 580.80 +0.40