ASEAN KEY DESTINATIONS
24 September 2013
The Straits Times Index (STI) ended 2.50 points lower or -0.08% to 3,211.75, taking the year-to-date performance to +1.41%.
The FTSE ST Mid Cap Index declined -0.03% while the FTSE ST Small Cap Index gained +0.01%. The top active stocks were YMH (+26.32%), Rowsley (-3.73%), SingTel (unchanged), DBS (-0.30%), and Yangzijiang (+4.70%).
The outperforming sectors today were represented by the FTSE ST Industrials Index (+1.03%). The two biggest stocks of the FTSE ST Industrials Index are Jardine Matheson Holdings (+1.27%) and Jardine Strategic Holdings (+1.14%). The underperforming sector was the FTSE ST Technology Index, which declined -0.91% with Liongold Corp’s and STATS ChipPAC‘s share prices declining -2.87% and remaining unchanged respectively. The FTSE Health Care Index gained +0.05%.
The three most active Exchange Traded Funds (ETFs) by value today were the SPDR Gold Shares (-0.82%), db x-Trackers CSI 300 (-0.39%), and iShares MSCI India (-0.89%).
The three most active Real Estate Investment Trusts (REITs) by value were CapitaMall Trust (-0.51%), Ascendas REIT (unchanged), and Keppel REIT (-1.59%).
The most active index warrants by value today were HSI23400MBePW131030 (+9.40%), HSI23600MBeCW131030 (-16.67%) and HSI22800MBeCW131030 (-12.99%).
The most active stock warrants by value today were DBS MB eCW131105 (-7.09%), Keppel Corp MBeCW140204 (-4.00%) and UOB MB eCW131104 (-7.04%).
Daily Market Commentary (Securities)
24 Sep 2013
The FBM KLCI index lost 3.88 points or 0.22% on Tuesday. The Finance Index fell 0.86% to 16789.47 points, the Properties Index up 0.00% to 1350.13 points and the Plantation Index rose 0.36% to 8367.18 points. The market traded within a range of 7.07 points between an intra-day high of 1792.48 and a low of 1785.41 during the session.
Actively traded stocks include TMS, GPACKET-WA, CSL, PELIKAN, GPACKET, MAS, SONA-WA, KBUNAI, DIGISTA and TMS-WA. Trading volume decreased to 1923.62 mil shares worth RM1856.67 mil as compared to Monday’s 2139.67 mil shares worth RM1781.91 mil.
Leading Movers were BAT (+180 sen to RM64.80), KLK (+34 sen to RM22.78), PPB (+24 sen to RM14.44), GENTING (+16 sen to RM10.38) and HLBANK (+14 sen to RM14.36). Lagging Movers were MAYBANK (-4 sen to RM9.97), PETDAG (-22 sen to RM28.78), AMMB (-11 sen to RM7.49), MISC (-5 sen to RM5.20) and CIMB (-5 sen to RM7.90). Market breadth was negative with 372 gainers as compared to 388 losers.
The KLCI continued its losing streak for the second consecutive day and closed 3.88 points lower at 1792.48 points. Market sentiment turned bearish following the negative overnight performance in US market. The investors’ confidence was further dented by the lacklustre performance in Asian markets due to the lingering concern over US’ monetary policy and Europe.
Date As of: 24 September 2013
Description Volume Value Frequency
ETF 20,111,500 2,165,848,000 32
Stock 4,783,574,008 5,129,617,294,300 177,483
Warrant 46,392,944 3,988,341,500 1,118
Total 4,850,078,452 5,135,771,483,800 178,633
As of 24 Sep 2013 Unit: M.Baht
Type Buy Sell Net
Institution 4,282.32 3,687.06 595.26
Proprietary 7,230.42 8,014.41 -783.99
Foreign 9,234.16 11,821.58 -2,587.43
Individual 22,825.74 20,049.59 2,776.15
Total Trading Value 43,572.63 M.Baht
Vietnam's benchmark VN Index rose 0.78 percent on Tuesday in high volume, with favourable inflation data for September helping to improve
Liquidity was high with 82.4 million shares traded on Tuesday, far above the five-day average of 57.5 million shares, with most blue chips advancing.
Pha Lai Thermal Power attracted a lot of interest, with 3 million stocks traded and a gain of 3.55 percent to close at 20,400 dong ($0.97).
September inflation was estimated at 6.3 percent against the same month last year, easing from an annual rate of 6.48 percent
in September 2012, government data showed.
The figures were better than expected and boosted sentiment, analysts said, as did a report in a newspaper of the first
action by the Vietnam Asset Management Company, the central bank-run firm tasked with helping to tackle banks' toxic debts.
Here is a snapshot of the VN Index
VN Index 482.82
PREV. CLOSE 479.09
% CHANGE 0.78%
Indonesian stocks posted their worst drop in almost one month on Tuesday as a fall in the rupiah spurred outflows, while other Southeast Asian stocks extended their slides on caution over U.S. monetary and fiscal policy.
Jakarta's Composite Index finished 2.3 percent lower, led by falls in banking shares such as Bank Mandiri and Bank Central Asia due to the prospect of slowing loan growth outlook.
Indonesia's central bank has target slower loan growth through its new regulation, effective in November, mainly aimed at increasing cautiousness among banks in channelling loans, strategists at broker Bahana Securities wrote in a report.
"We positively view this upcoming new RR-LDR ruling which is more prudent, although arguably this regulation may not be favourable for small banks, which has the propensity to have high LDR," it said.
Foreign investors sold Indonesian shares worth a net 624.8 billion rupiah ($54.6 million) on Tuesday, according to Thomson Reuters data.
Among losers, Thai SET index fell 1.3 percent, extending Monday's 3.4 percent drop, to its lowest close in more than one week. Bucking the trend, Vietnam gained 0.8 percent, building on Monday's 0.4 percent rise.
Large cap banking and telecommunications shares underperformed across Southeast Asia amid selling by domestic institutions and foreign investors.
In Kuala Lumpur, selling was most active in shares in Malayan Banking and CIMB Group Holdings.
Malaysian bourse said domestic institution sold shares worth a net 91 million ringgit ($28.5 million).
SOUTHEAST ASIAN STOCK MARKETS
Market Current Prev Close Pct Move
TR SE Asia Index* 411.84 416.00 -1.00
Singapore 3211.75 3214.25 -0.08
Kuala Lumpur 1792.48 1796.36 -0.22
Bangkok 1417.77 1436.68 -1.32
Jakarta 4460.41 4562.86 -2.25
Manila 6461.38 6477.94 -0.26
Ho Chi Minh 482.82 479.09 +0.78
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