ASEAN KEY DESTINATIONS
09 September 2016
The Straits Times Index (STI) ended 23.03 points or 0.8% lower to 2871.45, taking the year-to-date performance to -0.39%.
The top active stocks today were Singtel, which declined 1.48%, DBS, which declined 0.71%, UOB, which declined 0.27%, CapitaLand, which declined 0.63% and OCBC Bank, with a 0.68% fall.
The FTSE ST Mid Cap Index declined 0.46%, while the FTSE ST Small Cap Index declined 0.13%.
The outperforming sectors today were represented by the FTSE ST Health Care Index, which rose 0.07%. The two biggest stocks of the Index - Raffles Medical Group and Riverstone Holdings- both ended unchanged.
The underperforming sector was the FTSE ST Technology Index, which slipped 2.44%. Silverlake Axis shares declined 1.43% and CSE Global declined 1.15%.
The three most active Exchange Traded Funds (ETFs) by value today were:
IS MSCI India (-0.80%)
DBXT MSCI Thailand TRN ETF (-2.22%)
STI ETF (-0.68%)
The three most active Real Estate Investment Trusts (REITs) by value were:
Ascendas REIT (-0.80%)
CapitaLand Mall Trust (-0.47%)
Suntec REIT (-2.54%)
The most active index warrants by value today were:
The most active stock warrants by value today were:
DBS MB eCW170201 (-5.84%)
UOB MB eCW170201 (-1.84%)
UOB VT eCW170213 (+0.56%)
Singapore Stock Market
*ST Index 2,873.33 -21.15 2,894.48 +0.83
Volume: 1,422.2M 1,535.6M
Value: $816M $1,010.6M
Gainers/Losers: 152/208 216/172
Daily Market Commentary (Securities)
09 September 2016
The FBM KLCI index lost 4.94 points or 0.29% on Friday. The Finance Index fell 0.36% to 14511.25 points, the Properties Index dropped 0.30% to 1205.32 points and the Plantation Index rose 0.06% to 7888.52 points. The market traded within a range of 8.49 points between an intra-day high of 1691.12 and a low of 1682.63 during the session.
Actively traded stocks include DNEX-WD, XDL, DNEX, CONNECT-PA, DNONCE, THHEAVY, VIVOCOM, YKGI-WB, CENTURY and VIVOCOM-WB. Trading volume decreased to 1342.71 mil shares worth RM1364.03 mil as compared to Thursday’s 1693.32 mil shares worth RM1577.44 mil.
Leading Movers were SKPETRO (+1 sen to RM1.62), YTL (+1 sen to RM1.73), AXIATA (+3 sen to RM5.65), IOICORP (+2 sen to RM4.50) and HLFG (+6 sen to RM15.70). Lagging Movers were GENTING (-19 sen to RM7.94), RHBBANK (-7 sen to RM4.98), ASTRO (-3 sen to RM2.90), TENAGA (-12 sen to RM14.44) and BAT (-34 sen to RM50.58). Market breadth was negative with 324 gainers as compared to 401 losers.
The KLCI ended the week with a negative note, closed lower at 1686.44 points amid overnight losses in Wall Street. Investors were taking profit amid absence of fresh positive leads.
Date As of: 09 September 2016
Description Volume Value Frequency
ETF 28,900 15,104,700 21
Stock 6,252,056,809 7,699,967,014,641 233,147
Warrant 11,295,366 634,648,700 148
Total 6,263,381,075 7,700,616,768,041 233,316
As of 9 September 2016 Unit: M.Baht
Type Buy Sell Net
Institution 3,796.71 7,087.26 -3,290.54
Proprietary 5,998.50 8,061.23 -2,062.73
Foreign 17,128.22 13,703.90 3,424.32
Individual 27,059.79 25,130.83 1,928.96
Total Trading Value 53,983.22 M.Baht
SE Asia Stocks-Fall on Fed rate hike bets; Thailand down over 2 pct
Thailand and Vietnam shares dived in line with broader Asian markets on Monday, as investors were put off by rising bond yields and talks of a rate hike by the U.S. Federal Reserve as early as next week.
Reports that the Bank of Japan is studying options to steepen the Japanese bond yield curve as authorities are looking out for policy tools to revive the economy also hit sovereign debt and risk appetite globally.
Global markets have started pricing in a greater chance of a Fed rate hike on Sept. 21 on the back of a series of hawkish speeches.
No less than three Fed officials are expected to speak later in the day, including board member and noted dove Lael Brainard.
Any hint of hawkishness would likely further pressure bonds and equities.
"News of Fed rate hike is clearly like a perfect storm of reason to sell down the market," said Thapana Phanich, an analyst with Deutsche TISCO Investment Advisory.
Investor sentiment was also hurt as oil prices fell over 1.5 percent, extending losses from the previous session, after
reports showed increasing drilling activity in the United States, indicating that producers can operate profitably around
Thai shares .SETI fell for a fourth straight session, losing as much as 2.4 percent to its lowest since June 27.
Investors are taking money off the table and the impact on the market is mainly from foreign investors, Thapana said.
If there is no major domestic upheaval, the market should trade around 1,400 level for the rest of the year, he added.
PTT Pcl PTT.BK fell 4.3 percent, while PTT Exploration and Production Pcl PTTEP.BK dropped 5.1 percent.
Vietnam shares .VNI fell as much as 1.7 percent in their biggest intra-day percentage fall in nearly six weeks, with
consumer staples and energy stocks losing the most.
Vietnam Dairy Products JSC VNM.HM declined 1.3 percent, while Petrovietnam Gas JSC GAS.HM fell 2.2 percent.
MSCI's broadest index of Asia-Pacific shares outside Japan .MIAPJ0000PUS fell 2.9 percent at 0940 GMT, its largest
single-day drop since the fall after Britain's vote in late June to leave the European Union.
Markets in Singapore, Malaysia, Indonesia and the Philippines were closed for a public holiday.
SOUTHEAST ASIAN STOCK MARKETS
Market Current Prev close Pct Move
Bangkok 1411.85 1445.28 -2.31
Ho Chi Minh 659.76 666.88 -1.07