ASEAN KEY DESTINATIONS
Daily Market Commentary (Securities)
10 Sep 2013
The FBM KLCI index gained 17.92 points or 1.03% on Tuesday. The Finance Index increased 0.99% to 16548.29 points, the Properties Index up 1.49% to 1291.61 points and the Plantation Index rose 0.64% to 8277.2 points. The market traded within a range of 21.00 points between an intra-day high of 1774.14 and a low of 1753.14 during the session.
Actively traded stocks include SONA-WA, DVM, TGOFFS-WB, DVM-WA, SUMATEC-WA, IRCB-WA, TMS, TGOFFS, IRCB-WA and AMEDIA. Trading volume increased to 1810.87 mil shares worth RM2401.72 mil as compared to Monday’s 1278.70 mil shares worth RM1603.13 mil.
Leading Movers were BAT (+72 sen to RM63.00), PPB (+54 sen to RM14.08), PETDAG (+50 sen to RM28.10), PETGAS (+42 sen to RM21.30) and KLK (+40 sen to RM22.30). Lagging Movers was ASTRO (-1 sen to RM2.95). Market breadth was positive with 592 gainers as compared to 182 losers.
The KLCI extended its gain in the previous day after finishing at 1764.95 points. This is in line with the buoyant overnight performance in the US market as fears on the military action by US against Syria receded following the emergence of non-military solution. Back in Asia, report showed China’s industrial output grew at the fastest pace in 17 months in August, further adding to sign of economy recovery following an encouraging export data released earlier. In Malaysia, Tanjung Offshore was one of the most actively traded stocks while share price surged 18.3 % following its private placement exercise. Meanwhile, Ogawa Bhd rose 17.4% after a takeover offer from a Chinese firm.
Date As of: 10 September 2013 Time 16:00:00
Description Volume Value Frequency
ETF 121,500 74,547,000 60
Stock 7,843,738,467 9,868,108,630,840 272,267
Warrant 60,616,500 3,313,038,000 1,789
Total 7,904,476,467 9,871,496,215,840 274,116
As of 10 Sep 2013 Unit: M.Baht
Type Buy Sell Net
Institution 9,321.28 7,247.44 2,073.83
Proprietary 10,645.55 9,409.45 1,236.09
Foreign 17,959.86 14,432.77 3,527.09
Individual 32,694.02 39,531.03 -6,837.01
Total Trading Value 70,620.70 M.Baht
Vietnam's benchmark VN index ended 0.93 percent up on Tuesday to close at 474.53 points, mainly due to technical adjustments, while investors were cautious after a fall in shares of blue-chip companies in the previous session.
"This is a technical adjustment," said Nguyen Anh Tuan, a manager at Hanoi-based FLC Securities.
Dairy products maker Vinamilk shares rose 1.47 percent, while top insurer Baoviet Holdings climbed 1.4
Vingroup edged up 1.61 percent, followed by PetroVietNam Gas, Vietnam's largest listed company by market value, up at 0.78 percent.
Trading volume halved to 28.8 million shares, the lowest since Aug. 27, which Tuan said was a sign of investors being
Here is a snapshot of the VN Index
VN Index 474.53
PREV. CLOSE 470.16
% CHANGE 0.93%
All Southeast Asian stocks gained on Tuesday, led by Indonesia, on China's upbeat industrial output data and receding fears of a U.S. military strike on Syria amid hopes that the U.S. central bank would delay, or be less aggressive in, tapering its monthly bond purchases.
Jakarta's Composite Index, the worst performer in the region this year, recorded its highest intraday gain since October 2011. It rose 4 percent to close at its highest level since Aug. 16, helped by financial shares.
John Teja, director of Jakarta-based Ciptadana Securities, said a rise in the rupiah and strong regional market boosted Indonesian stocks.
"All counters were up except coal and other hard commodities," he said, citing receding fears of a U.S. strike on Syria.
Markets were also buoyed by stronger-than-expected industrial output data from China that reinforced other signs that the world's second-largest economy was stabilising after slowing for more than two years.
Thailand's main stock index gained 0.6 percent to a three-week high, while the Philippines jumped 1.6 percent to its highest since Aug. 26.
Regional share markets staged a mild rebound last week following a plunge in August amid rising risk aversion and concerns about a potential cut in monetary stimulus in the United States.
Singapore's Straits Times index also rose 1.2 percent to a near three-week high, while Malaysia's index gained 1 percent to more than three-week high. The Philippines rose 0.4 percent.
Malaysia attracted $83.5 million of foreign inflows into stocks, bourse data showed.
Vietnam's main stock index added 0.9 percent mainly due to technical adjustments.
SOUTHEAST ASIAN STOCK MARKETS
Market Current Prev Close Pct Move
TR SE Asia Index* 396.45 389.93 +1.67
Singapore 3123.89 3088.20 +1.16
Kuala Lumpur 1764.95 1747.03 +1.03
Bangkok 1393.17 1384.31 +0.64
Jakarta 4358.14 4191.26 +3.98
Manila 6089.72 5997.04 +1.55
Ho Chi Minh 474.53 470.16 +0.93
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