ASEAN KEY DESTINATIONS
02 October 2014
The Straits Times Index (STI) ended -35.38 points lower or -1.08% to 3228.71, taking the year-to-date performance to +2.02%.
The FTSE ST Mid Cap Index declined -0.90% while the FTSE ST Small Cap Index declined -0.56%. The top active stocks were DBS (-0.87%), CapitaLand (-2.51%), OCBC Bank (-0.31%), Sembcorp Marine (-2.72%) and Noble (-0.39%).
The outperforming sectors today were represented by the FTSE ST Basic Materials Index (+0.43%). The two biggest stocks of the FTSE ST Basic Materials Index are Midas Holdings (unchanged) and Geo Energy Resources (+6.25%). The underperforming sector was the FTSE ST Real Estate Holding and Development Index, which declined -1.70% with Hongkong Land Holdings’ share price declining -1.49% and Global Logistic Properties’ share price declining -1.47%. The FTSE ST Consumer Services Index declined -1.37%. The FTSE ST Real Estate Index declined -1.03%. The FTSE ST Utilities Index declined -0.70%.
The three most active Exchange Traded Funds (ETFs) by value today were the IS MSCI India (-1.62%), SPDR Gold Shares (+0.96%), DBXT MSCI Asia Ex Japan ETF (-2.23%).
The three most active Real Estate Investment Trusts (REITs) by value were Ascendas REIT (unchanged), CapitaMall Trust (-0.26%),CapitaCom Trust (-0.94%).
The most active index warrants by value today were NKY 15000MBePW141212 (+36.17%), NKY 15500MBeCW141212 (-8.53%), STI 3300MBeCW141231 (-20.37%).
The most active stock warrants by value today were DBS MB eCW150106 (-9.09%), UOB MB eCW141201 (-11.11%), KepCorp MBeCW150303 (-0.89%).
Singapore Stock Market
*ST Index 3,228.71 -35.38 3,264.09 -12.65
Volume: 1,687.7M 1,035.6M
Value: $1,003.9M $726.5M
Gainers/Losers: 138/292 196/211
Daily Market Commentary (Securities)
2 Oct 2014
The FBM KLCI index lost 7.64 points or 0.41% on Thursday. The Finance Index fell 0.55% to 17140.53 points, the Properties Index dropped 0.56% to 1470.53 points and the Plantation Index down 0.03% to 8325.68 points. The market traded within a range of 8.31 points between an intra-day high of 1845.86 and a low of 1837.55 during the session.
Actively traded stocks include HUBLINE, SANICHI, MUIIND, TMCLIFE-WA, BJCORP, SUMATEC, PDZ, TAKASO, SANICHI-WC and FLONIC. Trading volume decreased to 2130.72 mil shares worth RM1877.70 mil as compared to Wednesday’s 2229.54 mil shares worth RM1638.37 mil.
Leading Movers were KLK (+30 sen to RM21.44), PPB (+16 sen to RM14.32), IOICORP (+2 sen to RM4.80), TENAGA (+4 sen to RM12.36) and PBBANK (+4 sen to RM18.82). Lagging Movers were BAT (-246 sen to RM68.00), SKPETRO (-12 sen to RM4.01), CIMB (-18 sen to RM6.99), HLFG (-30 sen to RM17.50) and FGV (-4 sen to RM3.47). Market breadth was negative with 179 gainers as compared to 732 losers.
The KLCI ended lower at 1837.68 points, in line with the broadly lower Asian markets. Most of the stocks listed on Bursa Malaysia were in the red today on negative market sentiment. The sharp overnight decline in Wall Street and signs of economic weakness in Europe dampened risk appetite of investors.
Date As of: 02 October 2014
Description Volume Value Frequency
ETF 120,000 75,545,400 752
Stock 4,592,146,874 6,594,158,151,245 284,937
Warrant 18,762,600 929,011,100 939
Total 4,611,029,474 6,595,162,707,745 286,628
Thai bourse joins government on inbound, outbound roadshows in Oct
BANGKOK, October 2, 2014 - The Stock Exchange of Thailand (SET), together with key government units and broker partners, will organize both inbound and outbound roadshows throughout October, aiming to give insights of Thailand's economic direction and gain more confidence on domestic and foreign funds in Thailand's investment scenario.
SET President Kesara Manchusree said Thailand has currently been administered by a new government packed with key economic measures both short and long terms in order to lay foundation before accelerating the country's growth. As such SET, has joined hands with partners in holding roadshows for both domestic and international funds, with insightful information, guided by key economic ministers to showcase the country's policy and direction to boost investment confidence. The institutional investors are one of the key investor groups for the Thai capital market as the investment proportion of both foreign and domestic funds accounted for 40 percent of the total trading value.
The inbound roadshow will be held on October 3, 2014, in collaboration with Thai Bond Market Association, Bank of America Merrill Lynch and Phatra Securities pcl. The event is honored to have Deputy Prime Minister M.R. Pridiyathorn Devakula, Finance Minister Sommai Phasee, preside over and present the government's policies to 150 leading domestic institutional investors with assets under management worth a combined THB 4.5 trillion (approx. USD140 billion).
For outbound roadshows, one of the events will be to join with Bank of America Merrill Lynch and Phatra Securities pcl to organize "Thai Forum" on October 8, 2014. This roadshow will be led by the finance minister to meet 60 institutional investors in New York, United States. He will give a keynote speech on the economic policy, while Bank of Thailand's Governor Prasarn Trairatvorakul and a member of state enterprises policy commission Veerathai Santiprabhob will present economic growth supporting policies from money market sector and state-owned enterprises.
"It's significant that the U.S. funds have accepted our invitation to join "Thai Forum" in New York. This reflects the attractiveness of Thailand's investment offering upbeat returns, proved by the continual rise of SET index up 22 percent since the beginning of this year backed up by the government policy to drive the country's economy to grow strongly and consistently," Kesara added.
Another overseas roadshow will be organized in the United Sates during October 27-30 by cooperating with KT Zmico Co., Ltd. and Auerbach Grayson and Company LLC with representatives from the Ministry of Finance and leading top management of Thai firms to meet with U.S. funds.
As of 1 October 2014 Unit: M.Baht
Type Buy Sell Net
Institution 4,195.84 6,116.10 -1,920.26
Proprietary 5,353.50 5,503.94 -150.44
Foreign 9,559.38 10,169.80 -610.42
Individual 37,529.00 34,847.88 2,681.12
Total Trading Value 56,637.72 M.Baht
Vietnam index ends up 0.6 pct, big-caps lead
Vietnam's benchmark VN Index closed up 0.56 percent on Thursday, led by gains in large-cap equities as investors extended bargain hunting after recent losses and amid stable macro-economic outlook.
Hanoi-based lender Vietcombank , the country's biggest bank by market value, jumped 3.79 percent, extending gains to a second day after it hit a closing low of more than a month on Tuesday, Reuters data showed.
Dairy product maker Vinamilk also had a second straight gain, having rallied from a three-month low on Tuesday, and top insurer Baoviet Holdings increased 2.23 percent.
"Big-caps have fallen to their supportive levels, and investors exercised bargain hunting," said analyst Hoang Huy of ACB Securities.
Losses in big-caps last month dragged the index down to a two-month low level, but investors still benefited from strong gains in small and mid-cap shares, analysts said.
Sharp declines of eight big-caps, including VCB, VNM and GAS, Vietnam's biggest firm by market value, cost the overall market to lose 40 points while the index fell 37.8 points in September, said BIDV Securities in a report to clients.
"The rest of the VN-Index actually grew rather than fell," the brokerage added. Analysts expected property and brokerage sectors to buoy
further gains for the index, as investors bet on good earnings of securities companies in the third quarter while collecting
undervalued real estate equities.
They also said sentiment has been positive thanks to a stable outlook for the economy with faster September's manufacturing expansion and quickened economic growth in the third quarter, according to government and HSBC data.
Here is a snapshot of the VN Index at the close
VN Index 612.66
PREV. CLOSE 607.57
% CHANGE 0.56%
SE Asia Stocks-Indonesia falls most since April amid political concerns
Indonesia's key index posted its biggest one-day percentage drop in nearly six months on Thursday due to concerns about the ability of the incoming government to enforce reforms, while Thai benchmark hit an over two-week closing low after data showed weak consumer confidence.
Jakarta's composite index finished down 2.7 percent at 5,000.80. Foreign selling hit large caps such as Astra International , Telkom Indonesia and Bank Central Asia .
Sentiment was hit after the ruling coalition, led by president-elect Joko Widodo's party, lost the parliament head election to the opposition, led by losing presidential candidate Prabowo Subianto's party, brokers said.
Jakarta-based Reza Priyambada, head of research Woori Korindo Securities Indonesia said the political concern came on
top of a negative trading in Asian market. "Investors are questioning whether Joko Widodo can run an effective government if his programs have to be brought to such a tough opposition in parliament," Priyambada said.
In Bangkok, investors cashed in on recent gainers such as Advanced Info Service
Consumer confidence in Thailand dropped in September for the first time since the military coup in May, a university survey showed, adding to evidence that authorities have not yet been able to get an economic recovery on track.
Stocks in Singapore , Malaysia and the Philippines ended down, in line with Asian peers after a slew of weak global manufacturing data. MSCI's broadest index of Asia-Pacific shares outside Japan was down 0.3 percent.
SOUTHEAST ASIAN STOCK MARKETS
Market Current Prev Close Pct Move
Singapore 3228.71 3264.09 -1.08
Kuala Lumpur 1837.68 1845.32 -0.41
Bangkok 1569.73 1587.35 -1.11
Jakarta 5000.80 5140.91 -2.73
Manila 7196.26 7268.06 -0.99
Ho Chi Minh 612.66 609.27 +0.56