ASEAN KEY DESTINATIONS
8 October 2013
The Straits Times Index (STI) ended 9.91 points higher or +0.32% to 3,146.50, taking the year-to-date performance to -0.65%.
The FTSE ST Mid Cap Index gained +0.25% while the FTSE ST Small Cap Index gained +0.91%. The top active stocks were UOB (+0.59%), DBS (+0.18%), SingTel (+0.27%), AsiaPhos (-15.19%) and GLP (+2.12%).
The outperforming sectors today were represented by the FTSE Utilities Index (+1.93%). The two biggest stocks of the FTSE ST Utilities Index are United Envirotech (+1.84%) and Hyflux (unchanged). The underperforming sector was the FTSE ST Technology Index, which declined -3.11% with LionGold Corp’s share price declining -24.00% and STATS ChipPAC‘s share price remaining unchanged. The FTSE ST Consumer Goods Index declined -0.23%.
The three most active Exchange Traded Funds (ETFs) by value today were the STI ETF (unchanged), SPDR Gold Shares (+0.68%) and Lyxor MSCI Malaysia (+0.49%).
The three most active Real Estate Investment Trusts (REITs) by value were Ascendas REIT(-0.44%), CapitaCommercial Trust (unchanged) and CapitaMall Trust (-0.77%).
The most active index warrants by value today were HSI22800MBeCW131030 (+25.84%), HSI23400MBePW131030 (-20.00%) and HSI23200MBeCW131128 (+16.36%).
The most active stock warrants by value today were OCBC Bk MBeCW140203 (-3.57%), DBS MB eCW140102 (+4.93%) and KepCorp MBeCW140204 (+5.52%).
Singapore Stock Market
*ST Index 3,146.5 +9.91 3,136.59 -1.49
Volume: 3,591.3M 4,074.9M
Value: $1,108.5M $1,030.6M
Gainers/Losers: 308/164 106/401
Daily Market Commentary (Securities)
8 Oct 2013
The FBM KLCI index gained 0.68 points or 0.04% on Tuesday. The Finance Index fell 0.04% to 16567.12 points, the Properties Index up 0.02% to 1327.45 points and the Plantation Index down 0.18% to 8348.78 points. The market traded within a range of 6.81 points between an intra-day high of 1778.13 and a low of 1771.32 during the session.
Actively traded stocks include TMS, INSBIO, SUMATEC-WA, SERSOL, AT, TAS, SONA-WA, DESTINI-WA, ASIABIO, and ASUPREM. Trading volume decreased to 1513.91 mil shares worth RM1487.46 mil as compared to Monday’s 1622.16 mil shares worth RM1232.71 mil.
Leading Movers were PETDAG (+12 sen to RM29.40), PETCHEM (+7 sen to RM6.86), PBBANK (+6 sen to RM18.04), GENTING (+6 sen to RM10.46) and RHBCAP (+3 sen to RM7.73). Lagging Movers were BAT (-28 sen to RM62.72), KLK (-24 sen to RM22.66), PETGAS (-16 sen to RM22.18), SIME (-9 sen to RM9.45) and HLFG (-6 sen to RM15.14). Market breadth was positive with 365 gainers as compared to 332 losers.
The KLCI erased earlier losses and closed marginally higher at 1777.50 points on late buying interest. Regionally, most Asian markets closed narrowly higher despite cautious sentiment on a partial US government shutdown entered into its second week and budget deadlock could lead to the country defaulting on its debt. Back to local market, TAS Offshore climbed 7.78% amid active trade following it secured a contract for the sale of one unit of vessel for RM38million.
Indonesia's finance ministry sold 12 trillion rupiah ($1.04 billion) of bonds at an auction on Tuesday, well above an indicative target of 8 trillion rupiah, the debt office said.
The yield for one-year T-bills was 6.14214 percent, lower than the 6.58825 percent in the previous acution on Sept. 24.
However, the yield for 16-year bonds <IDFR0071=> rose to 8.58130 percent, compared to 8.35962 percent.
Bids totalled 22.62 trillion rupiah, slightly lower than 25.78 trillion rupiah the previous auction. The highest bid-to-cover ratio was 4.72 for three-month bills.
($1 = 11,525 rupiah)
Date As of: 08 October 2013
Description Volume Value Frequency
ETF 20,260,500 2,205,845,000 32
Stock 4,268,579,579 5,211,415,800,530 138,027
Warrant 34,368,500 1,727,467,500 1,925
Total 4,323,208,579 5,215,349,113,030 139,984
As of 8 October 2013 Unit: M.Baht
Type Buy Sell Net
Institution 2,110.75 2,665.66 -554.91
Proprietary 7,719.72 5,887.33 1,832.39
Foreign 7,555.45 7,532.71 22.74
Individual 18,531.24 19,831.46 -1,300.22
Total Trading Value 35,917.16 M.Baht
Vietnam's benchmark VN Index pared early losses and closed up 0.35 percent on Tuesday as some investors bought blue chips offseting profit-booking by another group, said traders.
Banks, food processing firms and real estate developers gained, led by Hanoi-based lender Vietcombank . Other companies that gained included HAGL Group and Military Bank.
Investors sold stocks to make quick profits after several sessions of gains in recent days, sending the index down in the morning session.
"Volume is similar to that yesterday, while more money was poured into blue chips," said a Hanoi-based trader.
"If the inflow is stable, the market could rise further."
A total of 72.2 million shares changed hands, slightly above Monday's 72.1 million shares, Reuters data show.
Here is a snapshot of the VN Index
VN Index 502.22
PREV. CLOSE 500.47
% CHANGE 0.35%
Indonesian index hit a 2-week closing high on Tuesday, led by banking stocks, after the central bank kept the interest rates as expected while the Thai benchmark rose to its highest close in almost two weeks amid bargain hunting in mid- and small-caps.
Jakarta's Composite Index finished up 1.3 percent at 4,432.51, the highest close since Sept. 24, reversing losses over the previous two sessions. Buying was most heavy in shares in Bank Rakyat Indonesia and Bank Mandiri.
Indonesia's central bank left its benchmark reference rate unchanged for the first time in five months, as recent encouraging data improved market sentiment and eased pressure on the rupiah.
Thai SET index ended up 1.4 percent at 1,434.06, the highest close since Sept. 25. It lost about 1 percent together on Monday and Friday. Among actively traded, shares in Tipco Foods surged 21 percent.
Other Southeast Asian stocks posted smaller gains, following broader Asia as data showed China's services industry continued to expand, soothing to some extent nerves jarred by fears of a U.S. debt default as the U.S. government shutdown entered a second week.
SOUTHEAST ASIAN STOCK MARKETS
Market Current Prev Close Pct Move
TR SE Asia Index* 409.70 407.14 +0.63
Singapore 3146.50 3136.59 +0.32
Kuala Lumpur 1777.50 1776.82 +0.04
Bangkok 1434.06 1414.62 +1.37
Jakarta 4432.51 4374.96 +1.32
Manila 6454.86 6443.21 +0.18
Ho Chi Minh 502.22 500.47 +0.35
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