ASEAN KEY DESTINATIONS
27 September 2013
The Straits Times Index (STI) ended 15.87 points higher or +0.50% to 3,210.18, taking the year-to-date performance to +1.36%.
The FTSE ST Mid Cap Index gained +0.65% while the FTSE ST Small Cap Index declined -0.01%. The top active stocks were LionGold (-4.86%), Yangzijiang (+4.02%), Rowsley (+4.03%), Blumont (+8.00%), and Keppel Corp (-0.66%).
The outperforming sectors today were represented by the FTSE ST Industrials Index (+1.70%). The two biggest stocks of the FTSE ST Industrials Index are Jardine Matheson Holdings (+2.27%) and Jardine Strategic Holdings (+1.67%). The underperforming sector was the FTSE ST Technology Index, which declined -2.25% with Liongold Corp’ and STATS ChipPAC’ share prices declining -4.86% and increasing +1.52% respectively. The FTSE ST Health Care Index gained +1.39%.
The three most active Exchange Traded Funds (ETFs) by value today were the CIMB FTSE Asean 40 ETF (+1.04%), iShares USD Asia Bond ETF (-1.55%), and SPDR STI ETF (+0.31%).
The three most active Real Estate Investment Trusts (REITs) by value were Ascendas REIT (-0.43%), CapitaMall Trust (-0.25%), Suntec REIT (+0.30%).
The most active index warrants by value today were HSI22800MBeCW131030 (+7.81%), HSI23600MBeCW131030 (+8.45%) and HSI23200UBeCW131030 (+10.67%).
The most active stock warrants by value today were OCBC Bank MBeCW140203 (+3.92%), DBS MB eCW131105 (+2.52%) and DBS BP eCW140103 (+2.67%).
Singapore Stock Market
*ST Index 3,210.18 +15.87 3,194.31 -14.27
Volume: 4,382.2M 5,300.4M
Value: $1,174.6M $1,222.6M
Gainers/Losers: 227/222 171/284
Daily Market Commentary (Securities)
27 Sep 2013
The FBM KLCI index gained 2.00 points or 0.11% on Friday. The Finance Index increased 0.53% to 16577.82 points, the Properties Index dropped 0.35% to 1339.76 points and the Plantation Index down 0.37% to 8318.74 points. The market traded within a range of 6.26 points between an intra-day high of 1781.61 and a low of 1775.35 during the session.
Actively traded stocks include TMS, SONA-WA, SILVER, IRIS, TMS-WA, KBUNAI-OR, CSL, ASUPREM, MAS and IRIS-WB. Trading volume increased to 2215.21 mil shares worth RM1609.10 mil as compared to Thursday’s 2146.45 mil shares worth RM1878.86 mil.
Leading Movers were AMMB (+14 sen to RM7.49), GENM (+10 sen to RM4.26), PBBANK (+10 sen to RM17.78), PETDAG (+10 sen to RM28.90) and MAYBANK (+9 sen to RM9.86). Lagging Movers were BAT (-90 sen to RM62.50), UMW (-44 sen to RM12.16), KLK (-14 sen to RM22.66), TM (-8 sen to RM5.23) and PPB (-8 sen to RM14.40). Market breadth was positive with 401 gainers as compared to 356 losers.
The local bourse rebounded on the last trading day of the week to close 2.00 points higher at 1776.16, tracking the overnight gain in Wall Street that was lifted by an improved US employment data. Nevertheless, investors are still waiting for the outcome of the ongoing discussion regarding US monetary policy and debt ceiling limit.
JCI closes down, but steady
The Jakarta Composite Index (JCI) closed down on Friday but with positive momentum.
The index rose by 0.40 percent to 4,423.72 on Friday.
Kontan.co.id reported seven out of 10 sectors contributed positively to the index.
The best three performing sectors were miscellaneous industries with a 1.19 percent gain, consumer goods with 0.94 percent and infrastructure with 0.87 percent.
Jakarta Stock Exchange
Top Gainer Price % Change
GSMF Equity Developmen... 109 +32.93%
MYTX Apac Citra Center.. 275 +25%
NISP Bank Ocbc Nisp Tb... 1,450 +19.83%
NIPS Nipress Tbk 10,700 +19.55%
TRST Trias Sentosa Tbk... 305 +7.02%
LMAS Limas Centric Ind... 64 +6.67%
PADI Minna Padi Invest... 1,150 +6.48%
Thai bourse lists infrastructure fund ABPIF on September 27
The Stock Exchange of Thailand (SET) will list Amata B. Grimm Power?Power Plant Infrastructure Fund, with market capitalization
of THB 6.3 billion (approx. USD 203 million), on its main board on September 27, under the ticker symbol "ABPIF." The fund is the country's first power plant infrastructure fund and the second infrastructure fund listing on SET.
Paveena Sriphothong, SET Senior Vice President, said: "ABPIF will list in the Energy and Utilities sector. It sold 600 million units via an initial public offering (IPO) at THB 10.5 per unit for a total worth of THB 6.3 billion between September 9 and 13. Kasikorn Asset Management Co.,Ltd. is the fund manager, and Kasikornbank pcl is the financial advisor.
ABPIF reaps benefits from the future revenue streams of Amata B. Grimm Power Plant 1 and 2 in Amata Nakorn Industrial Park, Chonburi. Both plants use cogeneration systems, mainly natural gas, to produce electricity units under the Small Power Producer program. ABPIF's agreements with the two power plants will expire in 2019 and 2022, respectively.
Chongrak Rattanapian, Executive Chairman of Kasikorn Asset Management Co., Ltd, said that these two power plants have a combined production capacity of 353.84 megawatts and steam capacity of 60 tons per hour. The two power plants have long-term contracts to sell electricity units to the Electricity Generating Authority of Thailand and to sell both electricity units and steam to customers in Amata Nakorn Industrial Park. These clients have increasing demand for power.
In addition, both of these power plants have long-term natural gas purchase contracts with PTT pcl. Thus, these plants have ensured their operations by procuring materials for power and steam production.
The fund's top three unit-holders after its IPO are Amata B. Grimm Power Co., Ltd. (28.57 percent), Land and Houses Bank pcl (9.4 percent), and Krungthai-AXA Life Insurance pcl (4.6 percent). ABPIF's dividend policy is to pay no more than twice a year at no less than 90 percent of its adjusted net profit and has policy to return yields stated in the fund's conditions.
As of 27 Sep 2013 Unit: M.Baht
Type Buy Sell Net
Institution 3,789.53 2,154.66 1,634.87
Proprietary 5,240.14 4,475.43 764.72
Foreign 6,866.85 10,360.67 -3,493.81
Individual 15,507.52 14,413.30 1,094.22
Total Trading Value 31,404.05 M.Baht
Vietnam's share index edged higher on Friday as blue chip shares gained on positive sentiment about the country's macro economic scenario, analysts said.
The benchmark VN Index inched up 0.31 percent to close at 486.61 points.
PetroVietNam Gas gained 1.52 percent to close at 67,000 dong ($3.17). Hanoi-based lender Vietcombank and dairy products maker Vinamilk <VNM.HM> both gained, up 0.78 percent and 0.72 percent respectively.
News on slow inflation in September and government's action plans on cleaning up bad debts in October have strengthened appetite over the last few trading sessions, analysts said.
The index is expected to extend gains next month as investors are hopeful of positive results from leading blue chips firms in the third quarter ending September.
Here is a snapshot of the VN Index
VN Index 486.61
PREV. CLOSE 485.11
% CHANGE 0.31%
Most Southeast Asian stocks posted modest gains on Friday, with domestic-led buying helping battered markets including Indonesia, which trimmed losses for the week, but foreign outflows continued amid concern over the U.S. budget impasse.
Indonesia's main index snapped four days of losses, ending up 0.4 percent on the day and down 3.5 percent on the week. It was Southeast Asia's second-worst performer, trailing Thai stocks, which dropped 4.7 percent on the week.
The region saw some month-end institutional buying that lifted large caps, brokers said.
Among actively traded stocks, CIMB Group Holdings edged up 0.4 percent, snapping four days of losses. Bank Mandiri rose 1.2 percent after a 12 percent drop in the past five sessions.
Foreign investors sold Indonesian shares for a fourth session on Friday, taking their net selling for the week to $168 million, while Malaysia recorded $21 million net foreign selling on Friday, according to Thomson Reuters and stock exchange data.
The Thai bourse said foreign investors sold shares through the week, totalling $323 million.
SOUTHEAST ASIAN STOCK MARKETS
Market Current Prev Close Pct Move
TR SE Asia Index* 409.43 409.69 -0.06
Singapore 3210.18 3194.31 +0.50
Kuala Lumpur 1776.16 1774.16 +0.11
Bangkok 1417.49 1424.76 -0.51
Jakarta 4423.72 4405.89 +0.40
Manila 6379.81 6407.46 -0.43
Ho Chi Minh 486.61 485.11 +0.31
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