ASEAN KEY DESTINATIONS
28 September 2017
The Straits Times Index (STI) ended 9.01 points or 0.28% lower to 3227.14, taking the year-to-date performance to +12.02%. For longer term observations please go to sgx.com/research.
The top active stocks today were DBS, which gained 0.10%, JMH USD, which gained 0.70%, OCBC Bank, which declined 0.53%, Singtel, which declined 1.08% and UOB, with a 0.76% fall.
The FTSE ST Mid Cap Index gained 0.11%, while the FTSE ST Small Cap Index declined 0.10%.
The three most active Exchange Traded Funds (ETFs) by value today were:
SPDR Gold Shares (-0.55%)
IS MSCI India (unchanged)
DBXT S&P500 ETF (+0.18%)
The three most active Real Estate Investment Trusts (REITs) by value were:
CapitaLand Commercial Trust (-1.50%)
Ascendas REIT (+0.38%)
CapitaLand Mall Trust (-0.99%)
The most active index warrants by value today were:
The most active stock warrants by value today were:
DBS MB eCW180226 (-1.68%)
UOB MB eCW180226 (-8.96%)
UOB MB eCW180115 (-12.50%)
Singapore Stock Market
*ST Index 3,227.14 -9.01 3,236.15 +24.11
Volume: 2,069.5M 1,747.4M
Value: $1,263.4M $1,079.4M
Gainers/Losers: 184/212 237/170
Daily Market Commentary (Securities)
28 September 2017
The FBM KLCI index lost 6.18 points or 0.35% on Thursday. The Finance Index fell 0.46% to 16562.8 points, the Properties Index dropped 0.10% to 1235.86 points and the Plantation Index rose 0.33% to 7888.7 points. The market traded within a range of 9.12 points between an intra-day high of 1767.18 and a low of 1758.06 during the session.
Actively traded stocks include TIGER, PTRANS-WA, HUBLINE, HIBISCS, KNM, UMWOG-OR, NICORP, TRIVE, UMWOG and EAH. Trading volume increased to 2305.45 mil shares worth RM2188.63 mil as compared to Wednesday’s 2209.94 mil shares worth RM2155.69 mil.
Leading Movers were IOICORP (+7 sen to RM4.58), AXIATA (+3 sen to RM5.21), BAT (+20 sen to RM44.50), KLK (+6 sen to RM24.54) and PETCHEM (+1 sen to RM7.30). Lagging Movers were ASTRO (-10 sen to RM2.74), WPRTS (-12 sen to RM3.73), GENM (-10 sen to RM5.32), AMMB (-8 sen to RM4.31) and RHBBANK (-9 sen to RM5.03). Market breadth was negative with 328 gainers as compared to 506 losers.
The KLCI continued its losing streak and closed lower at 1758.06 points despite overnight gains in US market. The performance of our local bourse was bogged down by selling interest in heavy weight counters such as Astro, Westports Malaysia and Genting Malaysia.
Date As of: 28 September 2017
Description Volume Value Frequency
ETF 459,600 65,425,300 32
Stock 10,493,030,570 7,073,464,322,447 324,248
Warrant 27,769,400 3,108,812,600 1,382
Total 10,521,259,570 7,076,638,560,347 325,662
As of 28 September 2017 Unit: M.Baht
Type Buy Sell Net
Institution 6,363.02 7,521.35 -1,158.33
Proprietary 8,703.77 6,871.38 1,832.39
Foreign 18,476.03 21,331.75 -2,855.72
Individual 27,986.72 25,805.06 2,181.66
Total Trading Value 61,529.54 M.Baht
SE Asia Stocks-Decline as Trump tax plan hits sentiment
Southeast Asian stock markets, except Vietnam, slipped on Thursday, in line with regional currencies
and equities that lost their appeal after U.S. President Donald Trump's proposal for a tax overhaul lifted the dollar and bond yields.
Trump proposed on Wednesday the biggest tax reform in three decades, a plan that would also lower corporate and
small-business income tax rates, but could add trillions of dollars to the deficit.
"Basically, today's story is depreciation in currencies - the Asian forex, due to a strong rise in the U.S. dollar," said
Rakpong Chaisuparakul, an analyst with Bangkok-based KGI Thailand.
"Equity flow is slowing alongside the currencies, net foreign buying in most countries in Asia is slowing since
The dollar index .DXY , which measures the greenback against a basket of six major currencies, climbed to a one-month high, while the U.S. 10-year Treasury yield US10YT=RR rose to its highest since July 13.
The dollar's strength also helped pull down Asian shares .MIAPJ0000PUS to one-month lows.
Asian currencies took a beating after Trump's tax proposal, with the Thai baht THB=TH and the Indonesian rupiah IDR= declining about half a percent on Thursday.
As well, foreign investors have sold shares worth about $700 million in Indonesia this month, and about $1 billion each in India and South Korea.
In Southeast Asia, Philippine shares .PSI closed 0.8 percent lower on profit-booking, hit by industrials and
financials. The index touched a record high last week.
JG Summit Holdings JGS.PS , the top loser, shed as much as 3.3 percent.
"It is still some profit-taking but I think this is a healthy correction and looking forward, a further advance in the
index could still be justified, particularly with our forecasted earnings growth for the year," said Jeffrey Lucero,
an equity research analyst with Manila-based RCBC Securities.
Singapore .STI dropped 0.3 percent, dragged down by financials and telecom stocks.
Oversea-Chinese Banking Corp OCBC.SI snapped six straight sessions of gains to close 0.5 percent lower.
The Thai index .SETI fell 0.2 percent, reversing early gains, as energy stocks and financials dropped.
Oil and gas company PTT Pcl PTT.BK fell about 1 percent.
Malaysia .KLSE and Indonesia .JKSE lost 0.4 percent each, while Vietnam .VNI rose slightly as consumer staples
gained, with beer maker Sabeco SAB.HM up 4.4 percent.
SOUTHEAST ASIAN STOCK MARKETS:
Market Current Previous Close Pct Move
Singapore 3227.14 3236.15 -0.28
Bangkok 1666.36 1670.27 -0.23
Manila 8156.04 8221.92 -0.80
Jakarta 5841.047 5863.027 -0.37
Kuala Lumpur 1758.06 1764.24 -0.35
Ho Chi Minh 804.82 803.77 0.13