ASEAN KEY DESTINATIONS
09 October 2014
The Straits Times Index (STI) ended +32.54 points higher or +1.01% to 3259.25, taking the year-to-date performance to +2.98%.
The FTSE ST Mid Cap Index gained +0.37% while the FTSE ST Small Cap Index gained +0.29%. The top active stocks were SingTel (+1.60%), Keppel Corp (-0.49%), DBS (+0.71%), OCBC Bank (+1.34%) and CapitaLand (+2.97%).
The outperforming sectors today were represented by the FTSE ST Real Estate Holding and Development Index (+1.59%). The two biggest stocks of the FTSE ST Real Estate Holding and Development Index are Hongkong Land Holdings (+1.92%) and Global Logistic Properties (+1.48%). The underperforming sector was the FTSE ST Oil & Gas Index, which declined -0.39% with Keppel Corp’s share price declining -0.49% and Sembcorp Industries’ share price gaining +0.40%. The FTSE ST Consumer Services Index gained +0.67%. The FTSE ST Real Estate Index gained +1.03%. The FTSE ST Utilities Index declined -0.09%.
The three most active Exchange Traded Funds (ETFs) by value today were the IS MSCI India (+2.20%), SPDR Gold Shares (+0.77%), DBXT MSCI Indonesia ETF (+1.68%).
The three most active Real Estate Investment Trusts (REITs) by value were Ascendas REIT (unchanged), CapitaCom Trust (+1.26%), CapitaMall Trust (+0.79%).
The most active index warrants by value today were HSI23600MBeCW141127 (+16.19%), HSI22800MBePW141127 (-15.18%), HSI24200MBeCW141127 (+13.89%).
The most active stock warrants by value today were DBS MB eCW150106 (+10.62%), KepCorp MBeCW150303 (-5.05%), OCBC Bk MBeCW150302 (+11.84%).
Singapore Stock Market
*ST Index 3,259.25 +32.54 3,226.71 -17.28
Volume: 1,194.1M 1,161M
Value: $1,054.4M $893.8M
Gainers/Losers: 236/184 132/278
Daily Market Commentary (Securities)
9 Oct 2014
The FBM KLCI index gained 5.41 points or 0.30% on Thursday. The Finance Index fell 0.02% to 17003.7 points, the Properties Index up 0.87% to 1430.43 points and the Plantation Index rose 1.34% to 8256.37 points. The market traded within a range of 5.85 points between an intra-day high of 1830.80 and a low of 1824.95 during the session.
Actively traded stocks include IFCAMSC-WA, CENSOF, PDZ, SUMATEC, EFFICEN, IFCAMSC, GLOTEC, BJCORP, FLONIC and SKPRES-WA. Trading volume decreased to 1814.67 mil shares worth RM1852.37 mil as compared to Wednesday’s 2579.66 mil shares worth RM2497.69 mil.
Leading Movers were KLK (+50 sen to RM21.04), FGV (+7 sen to RM3.49), IOICORP (+9 sen to RM4.84), YTL (+3 sen to RM1.69) and GENM (+7 sen to RM4.11). Lagging Movers were KLCC (-6 sen to RM6.70), HLBANK (-10 sen to RM14.36), MISC (-3 sen to RM6.76), MAYBANK (-4 sen to RM9.85) and PETCHEM (-2 sen to RM6.22). Market breadth was positive with 609 gainers as compared to 229 losers.
The KLCI rebounded from yesterday’s losses by ending 5.41 points higher at 1829.73, underpinned by gains in plantation counters such as KLK, FGV and IOI Corp. Investors’ sentiment was boosted by overnight gains in Wall Street following the expectation that the Federal Reserve would keep interest rates low, amid weaker global economic forecasts.
Date As of: 09 October 2014
Description Volume Value Frequency
ETF 39,700 19,031,300 333
Stock 5,223,588,503 4,596,443,154,100 184,785
Warrant 13,044,318 1,071,894,970 735
Total 5,236,672,521 4,597,534,080,370 185,853
Global funds still keen on Thailand during roadshow in New York
BANGKOK, October 9, 2014 - "Thai Forum", held by The Stock Exchange of Thailand (SET), Bank of America Merrill Lynch, and Phatra Securities pcl, has drawn great attention from global institutional investors in New York, United States after key government executives, including Finance Minister Sommai Phasee, provided a clear direction on Thailand's economy and its promising outlook.
SET President Kesara Manchusree said the roadshow successfully attracted foreign funds with a combined value of over USD 4.5 trillion under asset management investing in equities worldwide. This roadshow was also a good opportunity for the new finance minister to meet directly with foreign funds by giving a keynote speech on "Economic Policy Agenda of the New Government of Thailand" presenting economic stimulus measure, improving competitiveness strategy, and administering the country with transparency and good governance.
"Most investors focused on how the government manages the mass infrastructure projects and continuity of the government's policy. It was significant that the finance minister has pledged to manage process restructure and law reform with efficiency, enabling the administration to operate the policy continuously for the country's long-term benefits," Kesara added.
During the roadshow, the Bank of Thailand Governor Prasarn Trairatvorakul stated the commitment to keep maintaining economic stability while preparing measures to create a favorable financial environment for investment, as well as enhancing financial sector to be ready for new business opportunities. The governor also expressed an anticipation of Thailand's economy to grow 4.8 percent in 2015.
Moreover, a member of state-armed enterprise policy and supervisory committee Veerathai Santiprabhob also provided an insightful information on conducting state-owned enterprises reform with effectiveness, enabling the enterprises to become key mechanism to drive the country's economy.
In addition to this roadshow, SET will organize another roadshow in the United States on 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 9 October 2014 Unit: M.Baht
Type Buy Sell Net
Institution 6,702.61 4,008.88 2,693.73
Proprietary 3,471.14 5,392.37 -1,921.23
Foreign 10,057.76 8,580.42 1,477.34
Individual 24,471.20 26,721.04 -2,249.84
Total Trading Value 44,702.71 M.Baht
Vietnam index ends at 3-wk high, GAS leads
Vietnam's benchmark VN Index outperformed other Southeast Asian markets on Thursday, closing up 1.15 percent at 624.34 points, the highest since Sept. 17, as PetroVietNam Gas jumped on news about a gas field discovery.
PetroVietNam Gas , Vietnam's biggest firm by market value, advanced 6.42 percent to close at 116,000 dong ($5.47), a three-week high, after state-run parent firm Petrovietnam said it had found a large offshore gas field, analysts and traders said.
"Investors put lots of hope into oil and gas companies, especially the exploration and exploiting ones," said deputy manager Nguyen Thanh Lam of Maybank Kim Eng Securities.
Petrovietnam Drilling & Well Services Corp , another subsidiary of Petrovietnam, ended up 3.03 percent.
Some banks also rallied, led by Hanoi-based lender Vietcombank that rose 0.74 percent, and Sacombank with a 1.06 percent increase.
Vietnamese banks' credit quality is expected to improve thanks to macroeconomic stability and better governance, Moody's Investors Service said on Thursday.
Here is a snapshot of the VN Index at the close
VN Index 624.34
PREV. CLOSE 617.26
% CHANGE 1.15%
SE Asia Stocks -Up as Fed minutes allay rate concerns
Southeast Asian stocks rose on Thursday amid a gain in regional currencies after minutes of the U.S. Federal Reserve's latest policy meeting helped allay concerns of an earlier-than-expected interest rate hike.
Malaysian shares edged up 0.3 percent, rebounding from a more than six-month low hit on Wednesday, with foreign investors buying shares worth a net 56 million ringgit ($17.29 million), stock exchange data showed.
The ringgit hit a near three-week high, with investors awaiting details of the 2015 budget to be presented by Prime Minister Najib Razak on Friday.
Among bright spots, the Thai SET index closed up 1.1 percent, with the market seeing inflows worth a net 1.5 billion baht ($46.32 million) after two days of outflows, stock exchange data showed.
SOUTHEAST ASIAN STOCK MARKETS
Market Current Prev Close Pct Move
Singapore 3259.25 3226.71 +1.01
Kuala Lumpur 1829.73 1824.32 +0.30
Bangkok 1560.61 1543.39 +1.12
Jakarta 4993.88 4958.52 +0.71
Manila 7201.89 7185.68 +0.23
Ho Chi Minh 624.34 617.26 +1.15