ASEAN KEY DESTINATIONS
25 September 2013
The Straits Times Index (STI) ended 3.17 points lower or -0.10% to 3,208.58, taking the year-to-date performance to +1.31%.
The FTSE ST Mid Cap Index gained +0.23% while the FTSE ST Small Cap Index gained +0.33%. The top active stocks were Ipco (+29.41%), SingTel (+0.27%), EMS Energy (+30.14%), DBS (+0.42%), and UOB (+0.19%).
The outperforming sectors today were represented by the FTSE ST Utilities Index (+0.70%). The two biggest stocks of the FTSE ST Utilities Index are United Envirotech (+1.12%) and Hyflux (-0.83%). The underperforming sector was the FTSE ST Industrials Index, which declined -0.77% with Jardine Matheson Holdings’ and Jardine Strategic Holdings’ share prices declining -1.96% and -1.75% respectively. The FTSE Health Care Index gained +0.45%.
The three most active Exchange Traded Funds (ETFs) by value today were the iShares MSCI India (+0.18%), SPDR Gold Shares (+0.44%), and db x-Trackers CSI 300 (-0.39%).
The three most active Real Estate Investment Trusts (REITs) by value were CapitaCommercial Trust (+1.03%), Ascendas REIT (+0.87%), and CapitaMall Trust (+0.51%).
The most active index warrants by value today were HSI23400MBePW131030 (-1.56%), HSI23600MBeCW131030 (unchanged) and HSI22800MBeCW131030 (-0.75%).
The most active stock warrants by value today were DBS MB eCW131105 (+6.87%), Keppel Corp MBeCW131203 (-7.69%) and UOB MB eCW131104 (+2.27%).
Singapore Stock Market
*ST Index 3,208.58 -3.17 3,211.75 -2.5
Volume: 9,089.9M 4,864.9M
Value: $1,455.3M $1,416.2M
Gainers/Losers: 290/184 229/238
Daily Market Commentary (Securities)
25 Sep 2013
The FBM KLCI index lost 8.42 points or 0.47% on Wednesday. The Finance Index fell 0.94% to 16631.18 points, the Properties Index dropped 0.38% to 1344.96 points and the Plantation Index down 0.15% to 8354.24 points. The market traded within a range of 8.03 points between an intra-day high of 1791.18 and a low of 1783.15 during the session.
Actively traded stocks include TMS, FRONTKN, FRONTKN-WA, CSL, GPACKET-WA, THHEAVY, THHEAVY-WA, SERSOL, AMEDIA-WA and DIGISTA-WA. Trading volume increased to 2211.33 mil shares worth RM2052.54 mil as compared to Tuesday’s 1923.62 mil shares worth RM1856.67 mil.
Leading Movers were PETDAG (+18 sen to RM28.96), GENTING (+4 sen to RM10.42), MAXIS (+4 sen to RM7.04), SIME (+1 sen to RM9.51) and AXIATA (+0 sen to RM6.90). Lagging Movers were BAT (-130 sen to RM63.50), HLFG (-32 sen to RM14.88), HLBANK (-24 sen to RM14.12), UMW (-16 sen to RM12.56) and RHBCAP (-14 sen to RM7.84). Market breadth was negative with 359 gainers as compared to 420 losers.
The KLCI extended its losses from the previous day after finishing 8.42 points lower at 1784.06 points, in line with the negative performance in US markets. We reckon the local market will continue to be in a flaccid manner as investors are still concerned over the uncertainty of Federal Reserve monetary policy and US debt ceiling limit.
Date As of: 25 September 2013
Description Volume Value Frequency
ETF 40,500 24,746,000 42
Stock 3,861,651,166 5,575,009,906,370 127,130
Warrant 36,414,500 2,060,781,500 1,191
Total 3,898,106,166 5,577,095,433,870 128,363
As of 25 Sep 2013 Unit: M.Baht
Type Buy Sell Net
Institution 3,624.68 2,912.46 712.22
Proprietary 6,654.02 5,703.39 950.64
Foreign 8,811.51 11,249.53 -2,438.01
Individual 17,512.30 16,737.15 775.15
Total Trading Value 36,602.52 M.Baht
Vietnam's VN Index climbed 0.7 percent to close at 486.22 points on Wednesday with high liquidity, boosted by strong buying in big-cap stocks and improved sentiment about the country's economy, analysts said.
Investors bought companies expected to post good results in the third quarter, with dairy product maker Vinamilk up 1.45 percent, top insurer Baoviet Holdings advancing 1.37 percent and PetroVietNam Gas 0.75 percent.
A gradual decline in deposit rates at some banks pulled money into other investment channels, including the stock market, said analyst Vu Tran Vinh Thuy at Dai Viet Securities.
Some positive economic developments in Vietnam this week, including a slight rise in quarterly GDP, activity by a asset management firm to help debt-laden banks and data showing slower inflation also boosted sentiment, he added.
Here is a snapshot of the VN Index
VN Index 486.22
PREV. CLOSE 482.82
% CHANGE 0.70%
Most Southeast Asian markets eased in light trade on Wednesday, wary of mixed signals on U.S. monetary policy, with the Indonesian benchmark extending losses for a fourth session amid a weak rupiah and falls in banking shares.
Indonesia underperformed, with Jakarta's Composite Index sliding 1.2 percent to 4,406.77, its lowest close in almost two weeks, with foreign investors selling a net 572 billion rupiah ($49.87 million) worth of shares.
Late buying by domestic institutions helped the index regain some of the ground it lost earlier, traders said.
The Thai stock exchange also saw strong buying from domestic investors late in the session, with the SET index closing up 1.4 percent after a modest drop in morning trade.
Shares such as Kasikornbank and Siam Commercial Bank staged a mild rebound from earlier falls.
"Domestic investors were more active, including the bout of late buying," said Bangkok-based Teerawut Kanniphakul, a senior analyst at CIMB Securities.
SOUTHEAST ASIAN STOCK MARKETS
Market Current Prev Close Pct Move
TR SE Asia Index* 411.03 411.70 -0.16
Singapore 3208.58 3211.75 -0.10
Kuala Lumpur 1784.06 1792.48 -0.47
Bangkok 1436.90 1417.77 +1.35
Jakarta 4406.77 4460.41 -1.20
Manila 6420.42 6461.38 -0.63
Ho Chi Minh 486.22 482.82 +0.70
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