ASEAN KEY DESTINATIONS
19 September 2013
The Straits Times Index (STI) ended 57.93 points higher or +1.81% to 3,251.78, taking the year-to-date performance to +2.67%.
The FTSE ST Mid Cap Index gained +2.63% while the FTSE ST Small Cap Index gained +1.24%. The top active stocks were DBS (+0.48%), SingTel (+2.41%), Rowsley (+5.79%), Albedo (+18.75%) and UOB (+0.76%).
The outperforming sectors today were represented by the FTSE ST Industrials Index (+3.62%). The two biggest stocks of the FTSE ST Industrials Index are Jardine Matheson Holdings (+6.78%) and Jardine Strategic Holdings (+6.15%). The underperforming sector was the FTSE ST Technology Index, which declined -2.03% with Liongold Corp’s and STATS ChipPAC‘s share prices declining -3.43% and gaining +1.54% respectively. The FTSE ST Health Care Index declined -0.05%.
The three most active Exchange Traded Funds (ETFs) by value today were the iShares MSCI India (+6.06%), SPDR Gold Shares (+4.70%) and iShares MSCI Singapore EWS 100 (+7.55%).
The three most active Real Estate Investment Trusts (REITs) by value were Ascendas REIT (+1.72%), Suntec REIT (+4.28%) and CapitaCommercial Trust (+1.75%).
The most active index warrants by value today were HSI23600MBeCW131030 (+31.77%), HSI22800MBeCW131030 (+24.14%) and HSI23400MBePW131030 (-26.06%).
The most active stock warrants by value today were DBS MB eCW131105 (+11.68%), OCBC Bank MBeCW140203 (+8.08%), and DBS MB eCW131203 (+11.69%).
Singapore Stock Market
*ST Index 3,251.78 +57.93 3,193.85 +12.93
Volume: 5,547.4M 5,435.3M
Value: $2,136.1M $1,409.4M
Gainers/Losers: 377/144 282/178
Daily Market Commentary (Securities)
19 Sep 2013
The FBM KLCI index gained 21.51 points or 1.21% on Thursday. The Finance Index increased 1.13% to 16852.08 points, the Properties Index up 2.43% to 1339.91 points and the Plantation Index rose 0.75% to 8393.6 points. The market traded within a range of 6.56 points between an intra-day high of 1793.94 and a low of 1787.38 during the session.
Actively traded stocks include FLONIC, SONA-WA, ASUPREM, IRCB-WA, IRCB, MAS, GOCEAN, THHEAVY, SONA and FOCAL. Trading volume increased to 1945.72 mil shares worth RM2736.19 mil as compared to Wednesday’s 1435.91 mil shares worth RM1481.95 mil.
Leading Movers were BAT (+62 sen to RM64.00), PETDAG (+48 sen to RM28.50), PETGAS (+46 sen to RM21.80), UMW (+38 sen to RM12.78) and GENTING (+33 sen to RM10.10). Lagging Movers were IOICORP (-0 sen to RM5.42), ASTRO (-0 sen to RM2.97), YTL (-1 sen to RM1.55), TM (-1 sen to RM5.38) and AXIATA (-2 sen to RM6.90). Market breadth was positive with 701 gainers as compared to 162 losers.
The local bourse extended its afternoon closing bell gains to close for the day at 1,792.91 or up 21.51 points. The major gainer was the Finance and Properties Index, which chalked up 1.13% and 2.43% gains respectively, led by heavyweights such as CIMB, Hong Leong Finance and UEM Sunrise. The flattering performance was driven by the Federal Reserve’s announcement to continue its stimulus plan which alleviated local investors’ anxiety over foreign fund outflows. Meanwhile, regional markets bounced back in pink with their respective benchmark index on course for its biggest gain in a year, which was also after Fed’s decision to refrain from cutting stimulus.
Indonesian property stocks led the country's index jump with a 9 percent gain, touching a one-month high of 419.4, after the U.S. Federal Reserve surprised investors by postponing an expected stimulus cut.
Real estate developers Alam Sutera Realty, Bumi Serpong Damai, Bekasi Fajar Indah and Ciputra Development soared more than 15 percent each by 0717 GMT. The property index has gained 22 percent this year, outperforming the broader Jakarta Composite Index which rose 8 percent.
"When the tapering plan was delayed, investors started to buy property stocks first because they were also the first stocks that they sold at the end of May," said Ernawan Salimsyah, director at Jakarta-based Indo Premier Investment Management.
The Jakarta index surged as much as 7 percent to a 2-1/2-month high on Thursday, leading a relief rally in emerging Asian markets. The big caps index soared 10 percent to 827.5 on its opening. ID:nB7E8C4024
U.S. stocks soared to a fresh record high overnight, pushing MSCI's broadest index of Asia-Pacific shares outside Japan
up 0.9 percent to its highest in almost four months. ID:nL3N0HE3S6
The rupiah rose 2.4 percent to 11,195 per dollar on capital inflows. The Indonesian currency gave up some of its earlier gains on sustained dollar demand from local companies such as importers, traders said. ID:nL3N0HF0H9
As of 19 Sep 2013 Unit: M.Baht
Type Buy Sell Net
Institution 12,747.84 9,689.67 3,058.17
Proprietary 12,223.88 8,451.09 3,772.79
Foreign 19,531.73 14,017.82 5,513.91
Individual 38,209.23 50,554.10 -12,344.87
Total Trading Value 82,712.68 M.Baht
Vietnam's benchmark VN Index rose 0.39 percent on Thursday, with most shares gaining on the U.S. Federal Reserve's decision not to taper its asset-buying programme for now.
Energy and insurance firms were the top gainers. PV Drilling and Well Services Co shares advanced the most, with a 5.88 percent rise, and Baoviet Holdings, Vietnam's largest insurer, also increased 2.58 percent.
Pha Lai Thermal Power Co, the most traded share among blue-chips on Thursday, climbed 2.69 percent. Dairy products maker Vinamilk also edged up 0.74 percent to close at 137,000 dong ($6.48) each.
Analysts said trading volume was expected to pick up on Friday, the last trading day of the exchange-traded fund Market Vectors Vietnam during its third portfolio restructuring.
Here is a snapshot of the VN Index
VN Index 476.09
PREV. CLOSE 474.26
% CHANGE 0.39%
Stocks in Indonesia and the Philippines rallied to five-week closing highs while Thai shares staged a strong rebound to near a two-month peak as players covered short positions after the U.S. Federal Reserve unexpectedly held on to its stimulus programme.
Jakarta's Composite Index jumped 4.7 percent, its best gain in almost two years, closing at 4,670.73 amid heavy buying in large caps led by state-owned lender Bank Rakyat Indonesia and car maker Astra International
The benchmark surged more than 7 percent in the early hours, which triggered a bout of quick profit taking, reflecting lingering concerns over domestic issues.
"Inflation, current account deficit and rupiah volatility will over cloud the domestic sentiment ... We maintain our target index of 4,680," analyst Chandra Pasaribu at broker Danareksa Sekuritas wrote in a strategy report.
The Philippine main index ended up 2.8 percent at 6,511.70, erasing some of its 4 percent gain from the morning as investors cashed in on rallying large caps including Ayala Land and SM Invesments Corp.
The Thai SET index closed up 3.5 percent, near a psychological level of 1,500. Singapore gained almost 2 percent to its highest close in almost seven weeks and Malaysia rose 1.2 percent to a five-week high at close.
Vietnam posted a modest 0.4 percent gain.
The Fed's decision to continue its bond-buying programme was good news for the emerging markets, with a drop in U.S. bond yields and the dollar inducing foreign fund inflows across exchanges.
Stock exchange data showed foreign net buying of Phillippine stocks worth $59 million on the day. Malaysia recorded $90 million and Thailand $174 million of net purchases by foreign investors.
SOUTHEAST ASIAN STOCK MARKETS
Market Current Prev Close Pct Move
TR SE Asia Index* 426.82 408.83 +4.40
Singapore 3251.78 3193.85 +1.81
Kuala Lumpur 1792.91 1771.40 +1.21
Bangkok 1489.06 1439.13 +3.47
Jakarta 4670.73 4463.25 +4.65
Manila 6511.70 6333.96 +2.81
Ho Chi Minh 476.09 474.26 +0.39
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