ASEAN KEY DESTINATIONS
08 October 2014
The Straits Times Index (STI) ended -17.28 points lower or -0.53% to 3226.71, taking the year-to-date performance to +1.95%.
The FTSE ST Mid Cap Index declined -0.40% while the FTSE ST Small Cap Index declined -0.75%. The top active stocks were DBS (-0.87%), SingTel (unchanged), Sembcorp Marine (+1.12%), OCBC Bank (-0.10%) and Genting Sing (-0.91%).
The outperforming sectors today were represented by the FTSE ST Technology Index (+0.24%). The two biggest stocks of the FTSE ST Technology Index are Silverlake Axis (unchanged) and STATS ChipPAC (-0.86%). The underperforming sector was the FTSE ST Consumer Goods Index, which declined -1.02% with Wilmar International’s share price declining -0.33% and Thai Beverage’s share price declining -0.67%. The FTSE ST Consumer Services Index declined -0.56%. The FTSE ST Real Estate Index declined -0.40%. The FTSE ST Utilities Index declined -0.13%.
The three most active Exchange Traded Funds (ETFs) by value today were the STI ETF (-0.31%), DBXT MSCI Indonesia ETF (-2.35%), SPDR Gold Shares (+0.75%).
The three most active Real Estate Investment Trusts (REITs) by value were Ascendas REIT (-0.45%), CapitaMall Trust (unchanged), CapitaCom Trust (-0.31%).
The most active index warrants by value today were HSI23600MBeCW141127 (-11.02%), HSI22800MBePW141127 (+5.66%), HSI24200MBeCW141127 (-8.86%).
The most active stock warrants by value today were DBS MB eCW150106 (-9.60%), UOB MB eCW141201 (-5.26%), UOB MB ePW150203 (-2.31%).
Singapore Stock Market
*ST Index 3,226.71 -17.28 3,243.99 -9.25
Volume: 1,161M 1,370.3M
Value: $893.8M $1,076.3M
Gainers/Losers: 132/278 156/251
Daily Market Commentary (Securities)
8 Oct 2014
The FBM KLCI index lost 9.22 points or 0.50% on Wednesday. The Finance Index fell 0.43% to 17007.37 points, the Properties Index dropped 1.96% to 1418.11 points and the Plantation Index down 1.61% to 8147.29 points. The market traded within a range of 7.27 points between an intra-day high of 1831.79 and a low of 1824.52 during the session.
Actively traded stocks include SUMATEC, MUIIND, PDZ, DGB, BJCORP, SKPETRO, GLOTEC, DAYA, KNM and NEXGRAM. Trading volume increased to 2579.66 mil shares worth RM2497.69 mil as compared to Tuesday’s 2188.14 mil shares worth RM2079.04 mil.
Leading Movers were KLCC (+7 sen to RM6.76), GENM (+4 sen to RM4.04), RHBCAP (+3 sen to RM8.70), MISC (+2 sen to RM6.79) and PPB (+2 sen to RM14.22). Lagging Movers were FGV (-8 sen to RM3.42), IHH (-11 sen to RM4.86), SKPETRO (-8 sen to RM3.78), IOICORP (-9 sen to RM4.75) and KLK (-36 sen to RM20.54). Market breadth was negative with 93 gainers as compared to 935 losers.
The KLCI closed lower at 9.22 points, down 1824.32 points, by the end of the trading day. The local bourse took a beating amid a global selloff trend, lead by Wall Street, triggered by fears of a weakening global economy as the IMF downgraded its global growth forecasts. Regionally, Asian markets also slid in line with the global rout, as investors also weighed in on a declining European economy and the timing of U.S. interest-rate increases. Asset safe havens like bonds and the yen experienced gains, as oil prices slip to the lowest in 2 years on oversupply.
Date As of: 08 October 2014
Description Volume Value Frequency
ETF 16,900 12,177,500 119
Stock 5,220,132,088 5,319,419,471,579 206,409
Warrant 47,091,900 2,204,695,800 665
Total 5,267,240,888 5,321,636,344,879 207,193
Thai bourse joins Thai Listed Companies Association to launch CEO Survey
BANGKOK, October 8, 2014 – the Capital Market Research Institute (CMRI), under The Stock Exchange of Thailand (SET), joined hands with Thai Listed Companies Association (TLCA) to launch quarterly CEO Survey results regarding the economic outlook of Thai listed companies’ CEOs. The survey is part of CMRI’s efforts to enhance quality research on the capital market by developing new indicators and databases, both qualitative and quantitative, to reflect market participants’ views.
SET Executive Vice President Pakorn Peetathawatchai said CMRI cooperated with TLCA in conducting the CEO Survey to gauge the Thai economic and investment outlook through the perspectives of Thai listed companies’ CEOs--key stakeholders in the capital market. The survey results will be distributed to the general public during a quarterly CEO Survey Economic Outlook event.
“This quarter’s survey reflects sound economic recovery going forward due to political stability. Sixty-six percent of the CEO respondents expected the Thai economy to grow by more than 1.5 percent in 2014, while 88 percent of them aimed to invest more in the next 12 months, through more bank loans and retained profits. Regarding the country’s reform, two-thirds of the participants placed importance on cracking down on fraud and corruption, reforming political system and bureaucracy, as well as implementing government spending” Pakorn said.
In addition, CMRI, by partnering with researchers and experts, is in the process of developing new indicators of the capital market that can help support informed investment decisions. In addition, policy makers can also use the indicators for decision-making. The indicators are expected to be completed and released to the public in 2015.
CMRI is committed to supporting quality research on Thai capital market including by fostering cooperation between educational institutions and experts on Thai capital markets. The institute also provides platforms for distribution research to the public. For example, the monthly Capital Market Research Forum features talks by researchers and experts and is open to investors, listed companies, and the general public.
As of 8 October 2014 Unit: M.Baht
Type Buy Sell Net
Institution 4,601.61 3,071.03 1,530.58
Proprietary 4,395.73 5,137.36 -741.63
Foreign 7,483.92 10,040.54 -2,556.62
Individual 24,175.93 22,408.26 1,767.67
Total Trading Value 40,657.20 M.Baht
Vietnam index rises 0.5 pct; GAS, Vinamilk lead on earnings hope
Vietnam's benchmark VN Index closed up 0.52 percent on Wednesday, led by gains in the two largest companies by market capitalisation on the exchange due to expectations of good results.
Dairy product maker Vinamilk led the gainers, climbing 3.77 percent to a one-month closing high, while PetroVietNam Gas
"Market is expecting positive earnings from Vinamilk as the material cost is reasonable and profit margin may be higher than the previous quarter," said analyst Tran Thang Long of BIDV Securities.
Material cost for Vinamilk fell 30-46 percent during July-September compared with the previous quarter, Bao Viet Securities Company said in its report published on Sept. 24.
Investors also expected GAS to post positive earnings after its parent firm state oil and gas group PetroVietnam published good results for the first nine months of this year, analysts and traders said.
Here is a snapshot of the VN Index at the close
VN Index 617.26
PREV. CLOSE 614.08
% CHANGE +0.52
SE Asia Stocks -Indonesia retreats amid political concerns
Indonesian shares retreated on Wednesday on renewed political concerns while most Southeast Asian stock indexes hovered near oversold territory as investors cut holdings in risk assets amid concerns about weaker global growth outlook.
Jakarta's composite index dropped 1.5 percent, almost erasing gain of 1.7 percent made over the past two trading days.
Foreign selling hit large caps such as Bank Mandiri and Telkom Indonesia amid a fall in the rupiah.
The selling in shares came after the chairman's seat in the Indonesian upper house was won by the opposition early on Wednesday, highlighting the weakness of Joko Widodo's coalition.
Last week, the opposition also won the vote for the head of the parliament position.
The market expects the coalition's failure to win the two positions could jeopardize Joko Widodo's reform agenda and be an obstacle to his Indonesia growth agenda, said Andri Zakarias, an analyst with BNI Securities in Jakarta.
The International Monetary Fund cut its global economic growth forecasts for the third time this year on Tuesday,
denting sentiment across Asia.
Singapore's index closed at the lowest since late May, with its 14-day Relative Strength Index (RSI) at 30.9, near the oversold level of 30 or below. Malaysia's index hit the lowest close since late March, with the 14-day RSI at 29.5.
The Thai SET index edged slightly higher. Shares of Thai Airways International led the pack after a newspaper reported the airline would post a loss in the third quarter but return to profit in the fourth quarter.
SOUTHEAST ASIAN STOCK MARKETS
Market Current Prev Close Pct Move
Singapore 3226.71 3243.99 -0.53
Kuala Lumpur 1824.32 1833.54 -0.50
Bangkok 1543.39 1539.39 +0.26
Jakarta 4958.52 5032.84 -1.48
Manila 7185.68 7239.38 -0.74
Ho Chi Minh 617.26 614.08 +0.52