ASEAN KEY DESTINATIONS
17 September 2013
The Straits Times Index (STI) ended 1.44 points higher or +0.05% to 3,180.92, taking the year-to-date performance to +0.44%.
The FTSE ST Mid Cap Index declined -0.41% while the FTSE ST Small Cap Index gained +0.83%. The top active stocks were SingTel (+1.63%), DBS (-0.18%), HanKore (+10.00%), Rowsley (-5.60%) and Asiasons (+54.72%).
The outperforming sectors today were represented by the FTSE ST Utilities Index (+1.49%). The two biggest stocks of the FTSE ST Utilities Index are United Envirotech (-0.58%) and Hyflux (unchanged). The underperforming sector was the FTSE ST Basic Materials Index, which declined -1.21% with Midas Holdings’ and Geo Energy Resources‘ share prices declining -1.02% and -1.33% respectively. The FTSE ST Industrials Index gained +0.03% while the FTSE ST Health Care Index gained +0.01%.
The three most active Exchange Traded Funds (ETFs) by value today were the SPDR Straits Times Index ETF (+0.62%), db x-Trackers CSI300 ETF 10 (-2.08%) and SPDR Gold Shares (+0.12%).
The three most active Real Estate Investment Trusts (REITs) by value were Ascendas REIT (+0.44%), CapitaMall Trust (-1.03%) and Suntec REIT (+0.31%).
The most active index warrants by value today were HSI23600MBeCW131030 (-12.25%), HSI22800MBeCW131030 (-7.45%) and HSI23200UBeCW131030 (-9.82%).
The most active stock warrants by value today were DBS MB eCW131105 (-4.41%), OCBC Bank MBeCW140203 (-6.32%), and UOB MB eCW140103 (-4.44%).
Singapore Stock Market
*ST Index 3,180.92 +1.44 3,179.48 +59.18
Volume: 3,526.4M 3,603.5M
Value: $1,295.3M $1,720.4M
Gainers/Losers: 175/282 329/178
Daily Market Commentary (Securities)
17 Sep 2013
The FBM KLCI index gained 4.14 points or 0.23% on Tuesday. The Finance Index increased 0.12% to 16607.73 points, the Properties Index up 1.16% to 1305.9 points and the Plantation Index rose 0.14% to 8342.18 points. The market traded within a range of 12.35 points between an intra-day high of 1781.47 and a low of 1769.12 during the session.
Actively traded stocks include IRCB-WA, GPACKET-WA, IRCB-WA, FCW-WA, SALCON, GPACKET, TMS, DVM, INSTACO-WB and MAS. Trading volume increased to 1504.61 mil shares worth RM1746.18 mil as compared to Friday’s 1233.04 mil shares worth RM1382.74 mil.
Leading Movers were BAT (+66 sen to RM63.06), KLK (+36 sen to RM22.38), GENTING (+14 sen to RM10.14), PETDAG (+14 sen to RM28.14) and UMW (+12 sen to RM12.38). Lagging Movers were RHBCAP (-10 sen to RM7.50), HLBANK (-6 sen to RM14.04), GENM (-4 sen to RM4.36), SIME (-2 sen to RM9.50) and IOICORP (-2 sen to RM5.41). Market breadth was positive with 443 gainers as compared to 308 losers.
The local bourse inched up 4.14 points to close at 1774.94 which was on a positive mood on the first trading day of the week albeit most of the regional peers were in red. We opine that the FBM KLCI was still strongly supported by companies’ sturdy fundamentals which soothe local investors’ confidence. While across the region, nearly all markets were in red as investors held back ahead of US Federal Reserve meeting today at which stimulus trimming is expected.
Date As of: 16 September 2013
Description Volume Value Frequency
ETF 37,500 22,125,000 20
Stock 6,232,513,527 7,068,475,199,700 188,372
Warrant 106,018,000 6,210,919,500 1,466
Total 6,338,569,027 7,074,708,244,200 189,858
As of 17 Sep 2013 Unit: M.Baht
Type Buy Sell Net
Institution 4,367.22 3,753.49 613.73
Proprietary 7,486.23 6,834.26 651.96
Foreign 10,741.50 9,878.24 863.26
Individual 23,161.63 25,290.58 -2,128.95
Total Trading Value 45,756.58 M.Baht
Vietnam's VN Index edged up 0.45 percent to close at 477.73 points in a slightly higher volume, led by bank shares, but investors were cautious.
Stocks of Hanoi-based Vietcombank climbed 2.38 percent to close at 25,800 dong ($1.22) each, its highest price since Aug. 22, and Sacombank gained 2.3 percent.
Top insurer Baoviet Holdings rose 1.14 percent, and PetroVietNam Gas, Vietnam's largest listed firm by capitalisation, also edged up 0.77 percent.
The index could move at 470-480 points this week, while liquidity was expected to rise slowly, analyst Doan Thi Anh Nguyet at Saigon-Hanoi Securities said.
The market lacked supportive news to boost investors' appetite, she said.
Here is a snapshot of the VN Index
VN Index 477.73
PREV. CLOSE 475.57
% CHANGE 0.45%
Stocks in Indonesia and Thailand retreated from their one-month highs on Tuesday, while most other Southeast Asian stocks ended off the day's highs as investors trimmed their exposure to emerging markets before a U.S. Federal Reserve meeting later in the day.
Trading volume for most indexes slid below a full-day's average over the past 30 sessions, taking lead from world markets ahead of the Fed policy meeting at which it is expected to start scaling back its stimulus.
Across exchanges, selling hit recent large-cap gainers, including Indonesia's PT Astra International Tbk, Thailand's Kasikornbank Pcl and Philippine SM Investment Corp.
Jakarta's Composite Index ended a modest 0.1 percent lower after a choppy session. It earlier climbed to a near
one-month high of 4,536.93, but lost as much as 1 percent in late trading hours, with short-term traders seen in the market.
The Thai SET index finished 0.09 percent down after late selling pulled it off a one-month intraday high of 1,450.45, a key resistance level.
Singapore's Straits Times Index erased early gains to end almost unchanged.
Malaysia and Vietnam eked out small gains, but both were off the day's highs. Philippine shares edged up 0.7 percent, helped by selective buying in large caps such as Manila Electric, which was among the outperformers due to dividend returns.
SOUTHEAST ASIAN STOCK MARKETS
Market Current Prev Close Pct Move
TR SE Asia Index* 407.84 407.72 +0.03
Singapore 3180.92 3179.48 +0.05
Kuala Lumpur 1774.94 1770.80 +0.23
Bangkok 1443.78 1445.11 -0.09
Jakarta 4517.62 4522.24 -0.10
Manila 6344.14 6302.71 +0.66
Ho Chi Minh 477.73 475.57 +0.45
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