ASEAN KEY DESTINATIONS
2 October 2013
The Straits Times Index (STI) ended 28.92 points lower or -0.93% to 3,152.58, taking the year-to-date performance to -0.46%.
The FTSE ST Mid Cap Index declined -0.19% while the FTSE ST Small Cap Index declined -0.21%. The top active stocks were DBS (-1.77%), Blumont (-2.05%), SingTel (-0.27%), UOB (-1.15%), and Rowsley (+11.94%).
The outperforming sectors today were represented by the FTSE ST Basic Materials Index (+0.70%). The two biggest stocks of the FTSE ST Basic Materials Index are Midas Holdings (+1.09%) and Geo Energy Resources (-1.35%). The underperforming sector was the FTSE ST Utilities Index, which declined -1.30% with United Envirotech’s and Hyflux‘s share prices gaining +0.57% and declining -0.83% respectively. The FTSE ST Consumer Goods Index gained +0.16% while the FTSE ST Technology Index declined -0.11%.
The three most active Exchange Traded Funds (ETFs) by value today were the SPDR Gold Shares (-2.70%), Lyxor ETF Asia Ex 10 (-1.76%), and SPDR STI ETF (-1.53%).
The three most active Real Estate Investment Trusts (REITs) by value were Ascendas REIT (unchanged), CapitaMall Trust (-0.25%) and Suntec REIT (unchanged).
The most active index warrants by value today were HSI23600MBeCW131030 (+4.00%), HSI23400MBePW131030 (-6.34%) and HSI22800MBeCW131030 (+6.06%).
The most active stock warrants by value today were KepCorp MBeCW140204 (+3.88%), OCBC Bk MBeCW140203 (-4.40%) and DBS MB eCW140102 (-19.28%).
Singapore Stock Market
*ST Index 3,152.58 -28.92 3,181.5 +13.63
Volume: 3,406M 3,677.8M
Value: $1,435M $1,142.1M
Gainers/Losers: 171/260 242/190
Daily Market Commentary (Securities)
2 Oct 2013
The FBM KLCI index gained 1.32 points or 0.07% on Wednesday. The Finance Index increased 0.19% to 16429.38 points, the Properties Index up 0.21% to 1336.69 points and the Plantation Index rose 0.46% to 8354.29 points. The market traded within a range of 5.23 points between an intra-day high of 1774.68 and a low of 1769.45 during the session.
Actively traded stocks include TMS, KBUNAI-OR, SONA-WA, GPACKET, MAS, CLIQ-WA, GPACKET-WA, INSBIO, KBUNAI and AT. Trading volume increased to 1899.31 mil shares worth RM1587.28 mil as compared to Tuesday’s 1770.85 mil shares worth RM1623.07 mil.
Leading Movers were KLK (+30 sen to RM22.90), HLBANK (+20 sen to RM14.14), PETGAS (+18 sen to RM22.00), PBBANK (+6 sen to RM17.72) and ASTRO (+4 sen to RM2.95). Lagging Movers were BAT (-170 sen to RM62.50), UMW (-18 sen to RM11.50), GENM (-3 sen to RM4.27), HLFG (-2 sen to RM14.78) and UEMS (-2 sen to RM2.58). Market breadth was positive with 380 gainers as compared to 368 losers.
The KLCI inched up marginally before closing at 1770.35 points in the first trading day of October. The slight gain was in tandem with the US market, which finished modestly higher yesterday after recovering from a recent string of declines as investors had probably shrugged off the first US government shutdown in 17 years. Back to the local market, plantation giant IOI Corp has proposed to take over Unico-Desa Plantations Bhd with the offer price of RM1.17 per share in a deal which could reach as much as RM 1bil.
Date As of: 02 October 2013
Description Volume Value Frequency
ETF 16,500 6,587,000 09
Stock 3,881,456,970 4,027,223,657,521 131,290
Warrant 36,732,300 1,967,226,450 914
Total 3,918,205,770 4,029,197,470,971 132,213
As of 2 October 2013 Unit: M.Baht
Type Buy Sell Net
Institution 2,970.38 1,766.43 1,203.95
Proprietary 4,558.94 5,162.55 -603.61
Foreign 7,710.42 7,912.86 -202.44
Individual 13,114.81 13,512.72 -397.90
Total Trading Value 28,354.56 M.Baht
Vietnam's benchmark VN Index edged up 0.44 percent to close at 494.39 points on Wednesday, led by gains of most blue chips as investors' sentiment was boosted by positive macro news.
Real estate firm Tan Tao Investment and Industry Corp was the top riser, with shares climbing 5.08 percent to 62,000 dong ($2.94) each, while volume surged to 9.7 million, the highest since June 24.
Top insurer Baoviet Holdings, Vingroup and dairy products maker Vinamilk also gained on Wednesday.
Buying demand was strengthened by macro-economics news, including the HSBC's index indicating Vietnam's manufacturing sector was expanding and the first bad debt purchase this week by the central bank-run debt management firm, analysts said.
The trading volume on Ho Chi Minh Stock Exchange shed to 77.3 million shares after reaching a four-month high on Tuesday.
It was still above the five-day average of 68.9 million, based on Reuters data.
The VN Index is likely to surpass 510 points before making adjustments in the next few weeks, analyst Vu Thi Thu Trang at Asia -Pacific Securities said.
Here is a snapshot of the VN Index
VN Index 494.39
PREV. CLOSE 492.24
% CHANGE 0.44%
Philippine shares posted their biggest daily gain in nearly two weeks on Wednesday after the Asian Development Bank raised the country's growth forecast, while Thai stocks ended nearly flat after late selling amid foreign inflows into domestic bonds.
Philippines is the only country in East and Southeast Asia whose growth forecast was revised up to 7 percent this year from 6 percent in April by the ADB. The country, along with China, is poised to become one of the two fastest-growing nations in the region this year. The Philippine index jumped 2.7 percent on Wednesday.
Thailand's key SET index ended nearly unchanged at 1,408.99 after a modest rise in early trading and on the previous session. Selling was most active in shares of Kasikornbank Pcl and Siam Commercial Bank Pcl.
Foreign investors sold Thai shares worth a net $65 million on Monday and Tuesday, while buying bonds worth $305 million during the same period, Thomson Reuters and Thai bond association data showed.
The government expected a possible impact on the baht from the inflows which could hurt exports in the near term, a government spokesman told reporters after a weekly meeting of Thai economic ministers on Wednesday.
"After the U.S. government shutdown, there have been more inflows into Thailand, and a stronger baht. Authorities are keeping an eye on currency movements in order to prevent any impact on exports in the fourth quarter," the official said.
The Thai baht led the drop in Asian currencies, coming under pressure after the previous day's sharp slide in gold prices triggered demand for the dollar.
Other Southeast Asian stocks came off intra-day highs in light trading, with Indonesia ending up 1 percent and stocks in Malaysia and Vietnam eking out smaller gains.
Singapore lost nearly 1 percent, closing at its lowest level in nearly three weeks.
Foreign flows were mixed, with Malaysia posting net buying of $2.60 million, Indonesia $2.99 million, while the Philippines saw net selling of $11.5 million, Thomson Reuters and stock exchange data showed.
World stock markets began to shake on Wednesday in response to a U.S. government shutdown that shows no signs of ending soon, also sending the dollar to a one-month low against the yen.
SOUTHEAST ASIAN STOCK MARKETS
Market Current Prev Close Pct Move
TR SE Asia Index* 406.16 405.59 +0.14
Singapore 3152.58 3181.50 -0.91
Kuala Lumpur 1770.35 1769.03 +0.07
Bangkok 1408.99 1408.19 +0.06
Jakarta 4387.60 4345.90 +0.96
Manila 6362.26 6197.84 +2.65
Ho Chi Minh 494.39 492.24 +0.44
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