ASEAN KEY DESTINATIONS
9 October 2013
The Straits Times Index (STI) ended 8.34 points higher or +0.27% to 3,154.84, taking the year-to-date performance to -0.39%.
The FTSE ST Mid Cap Index gained +0.23% while the FTSE ST Small Cap Index declined -0.01%. The top active stocks were SingTel (unchanged), Noble Group (unchanged), UOB (+0.49%), Keppel Corp (+0.56%) and Yangzijiang (+2.69%).
The outperforming sectors today were represented by the FTSE Industrials Index (+0.65%). The two biggest stocks of the FTSE ST Industrials Index are Jardine Matheson Holdings (+0.97%) and Jardine Strategic Holdings (+0.33%). The underperforming sector was the FTSE ST Health Care Index, which declined -0.76% with Biosensors International’s share price declining -1.57% and Raffles Medical Group‘s share price gaining +0.33%. The FTSE ST Consumer Goods Index gained +0.32% and the FTSE ST Technology Index gained +0.09%.
The three most active Exchange Traded Funds (ETFs) by value today were the STI ETF (+0.63%), iShares MSCI India (+1.23%) and db x-Trackers MSCI Indonesia (+2.00%).
The three most active Real Estate Investment Trusts (REITs) by value were CapitaCommercial Trust (-1.06%), Suntec REIT (-0.30%) and CapitaMall Trust (+0.77%).
The most active index warrants by value today were HSI23400MBePW131030 (+9.62%), HSI22800MBeCW131030 (-15.18%) and HSI23200MBeCW131128 (-10.16%).
The most active stock warrants by value today were DBS BP eCW140103 (-1.48%), OCBC Bk MBeCW140203 (+3.70%) and SGX MB eCW140401 (-1.80%).
Singapore Stock Market
*ST Index 3,154.84 +8.34 3,146.5 +9.91
Volume: 3,507.6M 3,591.3M
Value: $967.6M $1,108.5M
Gainers/Losers: 196/224 308/164
Daily Market Commentary (Securities)
9 Oct 2013
The FBM KLCI index lost 8.38 points or 0.47% on Wednesday. The Finance Index fell 0.56% to 16474.84 points, the Properties Index dropped 0.71% to 1317.98 points and the Plantation Index down 0.02% to 8347.21 points. The market traded within a range of 5.15 points between an intra-day high of 1775.04 and a low of 1769.89 during the session.
Actively traded stocks include TMS, GPACKET, FLONIC, NICORP, YTLPOWR-WB, SUMATEC-WA, SERSOL, SERSOL-WA, INARI-WA and EKOWOOD. Trading volume increased to 1516.93 mil shares worth RM1351.46 mil as compared to Tuesday’s 1513.91 mil shares worth RM1487.46 mil.
Leading Movers were FGV (+3 sen to RM4.25), PETCHEM (+3 sen to RM6.89), MISC (+2 sen to RM5.11) and TENAGA (+1 sen to RM9.03). Lagging Movers were HLBANK (-42 sen to RM13.82), PETDAG (-34 sen to RM29.06), BAT (-22 sen to RM62.50), PPB (-22 sen to RM14.16) and HLFG (-22 sen to RM14.92). Market breadth was negative with 321 gainers as compared to 381 losers.
The KLCI ended lower at 1769.12 points, tracking the overnight losses of Wall Street shares. Local market sentiment was cautious on budget impasse in U.S. may lead to a default and after IMF cut global economic growth forecasts for 2013 and 2014.
Date As of: 09 October 2013
Description Volume Value Frequency
ETF 108,500 52,356,000 19
Stock 4,761,422,211 5,019,320,215,849 144,369
Right 1,122,000 40,573,500 35
Warrant 34,056,500 1,484,651,000 2,061
Total 4,796,709,211 5,020,897,796,349 146,484
As of 9 October 2013 Unit: M.Baht
Type Buy Sell Net
Institution 2,234.56 2,751.94 -517.39
Proprietary 5,230.04 5,088.90 141.14
Foreign 6,897.69 7,339.44 -441.75
Individual 19,671.99 18,854.00 817.99
Total Trading Value 34,034.28 M.Baht
Vietnam's benchmark VN Index closed down 0.31 percent on Wednesday as investors took profits after recent gains and also on concern over the depreciation of the domestic currency, traders and analysts said.
Big caps led the fall, with PetroVietnam Gas, the country's biggest company by capitalisation, losing 0.74 percent to end at 67,500 dong ($3.2) per share.
Vietnam's top insurer BaoViet Holdings dropped 1.51 percent and real estate firm HAGL Co fell 1.38 percent.
"Some investors were concerned about another devaluation of the dong in October after Vietcombank increased its (dollar/dong) exchange rate by 0.24 percent on Tuesday," a trader in Hanoi said.
The State Bank of Vietnam, the central bank, on Tuesday reiterated its policy that the dong would not fall more than 3 percent in 2013, it said in a statement.
The dong has weakened 1.3 percent against the dollar so far this year on Vietnam's interbank market, trading at 21,090 per dollar at 0503 GMT on Wednesday, leaving room for depreciation by the year end.
In the morning session investors selling for quick profits after three gains in a row also caused the index to drop.
Here is a snapshot of the VN Index
PREV. CLOSE 502.22
% CHANGE -0.31%
The Philippines and Malaysian stock markets ended weaker on Wednesday, while other Southeast Asian markets ended mixed in thin trade as the U.S. budget deadlock hit sentiment and appetite for the region's risky assets.
While investors expect U.S. politicians will eventually strike a deal, they are getting nervous as a mid-October deadline to avoid an historic debt default nears without any tangible progress between Democrats and Republicans.
The Philippine main stock index ended 1.2 percent down at a one-week low while Malaysia, which saw a net foreign outflow of $21.85 million, fell 0.5 percent to its lowest close since Oct. 1.
Vietnam's benchmark VN Index closed down 0.3 percent on profit taking and concerns over depreciation of the local currency, traders and analysts said.
Teerada Charnyingyong, a strategist with Bangkok-based Phillip Securities, said investors are awaiting directions on the U.S. debt ceiling and financial markets and the global economy would be in chaos if the U.S. could not avoid the debt default.
Thailand's SET index ended a tad firmer with a 0.04 percent rise, while Jakarta's Composite Index gained 0.6 percent to a more-than-two-week high, a day after Indonesia's central bank left its benchmark reference rate unchanged for the first time in five months.
Singapore's Straits Times index was up 0.3 percent at a one-week high.
SOUTHEAST ASIAN STOCK MARKETS
Market Current Prev Close Pct Move
TR SE Asia Index* 408.96 409.92 -0.23
Singapore 3154.84 3146.50 +0.27
Kuala Lumpur 1769.12 1777.50 -0.47
Bangkok 1434.66 1434.06 +0.04
Jakarta 4457.44 4432.51 +0.56
Manila 6377.75 6454.86 -1.19
Ho Chi Minh 500.67 502.22 -0.31
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