ASEAN KEY DESTINATIONS
23 September 2014
The Straits Times Index (STI) ended +2.38 points higher or +0.07% to 3298.95, taking the year-to-date performance to +4.24%.
The FTSE ST Mid Cap Index declined -0.06% while the FTSE ST Small Cap Index declined -0.07%. The top active stocks were SingTel (+0.53%), DBS (+1.16%), Genting Sing (+3.60%), OCBC Bank (unchanged) and Global Logistic (-1.08%).
The outperforming sectors today were represented by the FTSE ST Telecommunications Index (+0.66%). The two biggest stocks of the FTSE ST Telecommunications Index are SingTel (+0.53%) and StarHub (-0.73%). The underperforming sector was the FTSE ST Technology Index, which declined -2.04% with Silverlake Axis’s share price declining -3.35% and STATS ChipPAC’s share price gaining +0.83%. The FTSE ST Consumer Services Index gained +0.48%. The FTSE ST Real Estate Index declined -0.32%. The FTSE ST Utilities Index gained +0.21%.
The three most active Exchange Traded Funds (ETFs) by value today were the STI ETF (+0.30%), SPDR Gold Shares (+0.76%), United SSE 50 China ETF (-0.65%).
The three most active Real Estate Investment Trusts (REITs) by value were CapitaCom Trust (-0.31%), Ascendas REIT (unchanged), CapitaMall Trust (-0.52%).
The most active index warrants by value today were HSI23800MBePW141030 (unchanged), HSI24600MBeCW141030 (-13.24%), HSI24000MBePW141127 (unchanged).
The most active stock warrants by value today were DBS MB eCW150106 (+15.25%), UOB MB eCW141201 (+4.43%), OCBC Bk MBeCW150302 (-3.30%).
Singapore Stock Market
*ST Index 3,298.09 +1.52 3,296.57 -8.48
Volume: 1,378.2M 1,572.8M
Value: $931.9M $952.7M
Gainers/Losers: 186/246 162/280
Daily Market Commentary (Securities)
22 Sep 2014
The FBM KLCI index lost 5.86 points or 0.32% on Tuesday. The Finance Index fell 0.53% to 17259.28 points, the Properties Index dropped 0.24% to 1492.05 points and the Plantation Index down 0.54% to 8376.95 points. The market traded within a range of 9.61 points between an intra-day high of 1842.15 and a low of 1832.54 during the session.
Actively traded stocks include TMCLIFE-WA, REACH-WA, NIHSIN, FOCUS, DUTALND, IRIS, TMCLIFE, NEXGRAM, IFCAM SC-WA and SUMATEC. Trading volume decreased to 2357.42 mil shares worth RM2235.99 mil as compared to Monday’s 2592.01 mil shares worth RM1849.60 mil.
Leading Movers were PPB (+22 sen to RM14.30), MAXIS (+7 sen to RM6.33), TENAGA (+8 sen to RM12.28), and TM (+4 sen to RM6.46) . Lagging Movers were BAT (-162 sen to RM68.98), HLFG (-28 sen to RM17.42), IOICORP (-6 sen to RM4.84), ASTRO (-4 sen to RM3.35) and FGV (-4 sen to RM3.51). Market breadth was negative with 284 gainers as compared to 527 losers.
At the closing bell, the KLCI closed lower by 5.86 points at 1840.19 points today. The local bourse erased some of its earlier morning losses, but maintained mostly in the red throughout the day, due to the lack of fresh leads, keeping local investors at bay. Regionally, Asian markets recouped early losses but remained mixed, as commodities were relieved of selling pressure as China's factory gauge unexpectedly exceeded expectations. Investors are also keeping an eye out for further developments, as the U.S. launches air strikes in Syria for the first time.
Date As of: 23 September 2014
Description Volume Value Frequency
ETF 400 369,100 04
Stock 6,050,030,659 4,604,739,461,167 206,798
Warrant 144,298,928 9,760,471,320 2,500
Total 6,194,329,987 4,614,500,301,587 209,302
Thai bourse, Mahidol University hold 17th SET Youth Music Contest
BANGKOK, September 23, 2014 - The Stock Exchange of Thailand (SET), jointly with the College of Music, Mahidol University, will hold the 17th SET Youth Music Competition to select the best musicians among youth, aiming to encourage and promote youth's talent and performance in music, with the contest prize worth THB 1.5 million (approx. USD 46,154).
SET President Kesara Manchusree said SET has realized developing youth potentials in addition to financial literacy enhancement. As musical skill is a
tool to help boost youth's creativity, SET has continuously cooperated with Mahidol University to hold a music competition for Thai youth with musical
talent, enabling them to showcase their creative abilities and using this competition as a springboard to international success. This was one of SET's
commitments to continually enhance education, social affairs, religion, art and culture via various activities.
"The distinctive feature of this contest is that we will provide a chance for all youth nationwide to join according to their music talent, both acoustic
musical instruments and singing, by judging from their outstanding performance.
The competition will motivate youth to practice with concentration, patience and self-discipline, enhancing them to spend free time effectively and away from drugs. This fast-track activity can blossom their creativity in producing amazing performance, becoming quality new generation youth, for the country's future workforce," Kesara stated.
Associate Prof. Dr. Sugree Charoensook, contest chairman and dean of the College of Music, Mahidol University, said the contest has gained synergy from music teachers and parents nationwide to encourage their students to participate in the competition. The number of contestants has increased significantly. Being competitive also provided a good opportunity for them to study others' performance, and then further improve their skills, while showing their best talent in front of distinguished judging committee composed of music experts in each category.
The competition is for students from primary school to university levels, age not over 25. Interested persons can apply from now until the end of October, by sending a CD with their live performance without sound editing. Contestants are only allowed to use unplugged Thai and international music instruments.
As of 23 September 2014 Unit: M.Baht
Type Buy Sell Net
Institution 4,335.95 3,853.95 481.99
Proprietary 3,177.45 2,919.34 258.11
Foreign 10,820.58 10,225.01 595.57
Individual 28,836.12 30,171.79 -1,335.68
Total Trading Value 47,170.09 M.Baht
Vietnam index falls 0.25 pct, volume steady
Vietnam's benchmark VN Index fell for the seventh straight session on Tuesday, hitting a fresh low for more than a month as investors continued selling
stocks, though at a slower pace.
The index ended down 0.25 percent at 610.39, the lowest since Aug. 20, based on Reuters data, erasing earlier gains. It already hit a more than one month low on Monday.
"Investors in favour of risks could continue joining bargain hunting during the market's falling waves," BIDV Securities said in a note to clients.
"Overall, it's been more difficult to get profit now, so investors should not rush to disburse in the market," the company said.
Shares of oil and gas companies would be in focus during the next market recovery, expected to emerge after the index drops to 600-605 points, FPT Securities said.
Petrovietnam Gas , the country's largest listed firm, dropped 3.54 percent to close at 109,000 dong on Tuesday, a level last seen on July 16. Petrovietnam Well Drilling and Services Co closed down 0.99 percent.
Both the firms are subsidiaries of state oil and gas group Petrovietnam.
A total of 144.39 million shares changed hands on Tuesday, slightly above Monday's volume and which was below the five-day average of 158.49 million, Reuters data show.
Here is a snapshot of the VN Index at the close
VN Index 610.39
PREV. CLOSE 611.93
% CHANGE -0.25%
SE Asia Stocks-Mostly down; Jakarta underperforms on China growth concerns
Indonesian shares fell to a one-week low on Tuesday amid concerns about China's growth even after a private survey showed factory activity unexpectedly picked up in September.
The Jakarta Composite Index fell 0.6 percent to its lowest close since Sept. 17. Andri Zakarias, an analyst with BNI Securities in Jakarta,
said concern over China's economic growth is still dominant in the Indonesian market.
"There are concerns for slowing demand for commodities which may affect companies in Indonesia," he said.
However, commodities across the region got a break from the recent selloff after a preliminary HSBC survey showed Chinese manufacturing activity expanded at a slightly faster pace even as employment fell to a 5-1/2 year low.
Elsewhere, Malaysia's main stock index fell 0.3 percent to its lowest close since Aug. 8 after touching a six-month low during early trade. Foreign investors sold a net $78.74 million worth of Malaysian shares on Tuesday.
The Philippines' share index fell 0.1 percent, while Vietnam also retreated to a more than one-month low.
Singapore and Thailand bucked the trend, ending steady. Bangkok saw net foreign inflows of $18.49 million.
SOUTHEAST ASIAN STOCK MARKETS
Market Current Prev Close Pct Move
Singapore 3298.09 3296.57 +0.05
Kuala Lumpur 1840.19 1846.05 -0.32
Bangkok 1590.13 1589.51 +0.04
Jakarta 5188.11 5219.80 -0.61
Manila 7271.62 7279.86 -0.11
Ho Chi Minh 610.39 611.93 -0.25