ASEAN KEY DESTINATIONS
02 September 2016
The Straits Times Index (STI) ended 16.96 points or 0.6% lower to 2799.51, taking the year-to-date performance to -2.89%.
The top active stocks today were Singtel, which declined 2.52%, OUE HTrust, which declined 0.74%, DBS, which closed unchanged, JMH USD, which gained 1.08% and UOB, which closed unchanged.
The FTSE ST Mid Cap Index declined 0.26%, while the FTSE ST Small Cap Index rose 0.10%.
The outperforming sectors today were represented by the FTSE ST Industrials Index, which rose 0.42%. The two biggest stocks of the Index - Jardine Matheson Holdings and Jardine Strategic Holdings – ended 1.08% higher and 0.83% higher respectively.
The underperforming sector was the FTSE ST Telecommunications Index, which slipped 2.50%. Singtel shares declined 2.52% and StarHub declined 4.41%.
The three most active Exchange Traded Funds (ETFs) by value today were:
IS MSCI India (+0.54%)
STI ETF (unchanged)
DBXT MSCI Thailand TRN ETF (-1.55%)
The three most active Real Estate Investment Trusts (REITs) by value were:
Ascendas REIT (unchanged)
CapitaLand Mall Trust (-0.93%)
Suntec REIT (unchanged)
The most active index warrants by value today were:
The most active stock warrants by value today were:
DBS MB eCW170201 (-1.84%)
DBS MB ePW170201 (unchanged)
UOB MB eCW170201 (-3.57%)
Singapore Stock Market
*ST Index 2,803.92-12.55 2,816.47-4.12
Volume: 1,130.3M 987.1M
Value: $1,022.4M $851.3M
Gainers/Losers: 155/194 154/218
Daily Market Commentary (Securities)
02 September 2016
The FBM KLCI index gained 1.24 points or 0.07% on Friday. The Finance Index increased 0.25% to 14379.36 points, the Properties Index up 0.18% to 1199.34 points and the Plantation Index rose 0.21% to 7811.42 points. The market traded within a range of 6.52 points between an intra-day high of 1675.39 and a low of 1668.87 during the session.
Actively traded stocks include AAX, EVERGRN, TOPGLOV-C6, VIVOCOM, SUMATEC, AIRASIA, M3TECH-WA, AAX-CX, SUPERMX-C15 and TRIVE. Trading volume decreased to 1433.59 mil shares worth RM1532.12 mil as compared to Thursday’s 1810.10 mil shares worth RM2028.41 mil.
Leading Movers were KLCC (+8 sen to RM7.68), PBBANK (+14 sen to RM19.90), KLK (+14 sen to RM23.72), YTL (+1 sen to RM1.70) and AXIATA (+3 sen to RM5.45). Lagging Movers were WPRTS (-8 sen to RM4.40), ASTRO (-5 sen to RM2.86), SKPETRO (-2 sen to RM1.52), AMMB (-4 sen to RM4.28) and PETGAS (-12 sen to RM21.94). Market breadth was positive with 469 gainers as compared to 327 losers.
The KLCI ended the week with a positive note, closed higher at 1671.79 points despite overnight mixed performance in Wall Street. The performance of our local bourse was buoyed by bargain-hunting.
Date As of: 02 September 2016
Description Volume Value Frequency
ETF 3,800 2,569,800 09
Stock 6,027,225,336 5,023,686,959,960 233,774
Warrant 6,029,400 1,147,115,900 89
Total 6,033,258,536 5,024,836,645,660 233,872
As of 02 Sep 2016
Type Buy Sell Net
Institution 5,201.90 10,065.41 -4,863.51
Proprietary 7,408.32 7,432.21 -23.89
Foreign 19,505.02 19,408.20 96.81
Individual 39,638.74 34,848.14 4,790.59
Total Trading Value 71,753.96 M.Baht
SE Asia Stocks-Mark time ahead of US jobs data
Southeast Asian stock markets marked time on Friday ahead of a key U.S. jobs report that could provide
clues on when the Federal Reserve would raise interest rates.
Economists polled by Reuters expect the U.S. economy to have added about 180,000 jobs in August, wages to nudge up and for
overall unemployment rate to dip to 4.8 percent.
Analysts said that a payrolls reading of around over 200,000 could even prompt the Federal Reserve to consider raising rates
at its next meeting in three weeks time, whereas under 100,000 would push back expectations of a rate rise into 2017.
There is a 36 percent chance that the rate hike would happen in September, but the fact is that the Fed usually doesn't like
to raise rates before the November presidential election, so it may happen in December, said Grace Aller, head of research at AP
Securities in Manila.
"The movement of the U.S. markets tonight will dictate the movement in the (Asian) markets next week."
Thai shares .SETI closed 1.2 percent lower after declining as much as 1.5 percent to their lowest in nearly a month,
dragged down by healthcare and energy stocks. For the week, they eased 1.8 percent.
Bangkok Dusit Medical Services Pcl BDMS.BK , the country's largest hospital operator, lost about 3.8 percent after it cut
its full-year revenue growth target to 8-10 percent from 11-12 percent due to lower-than-expected growth in the first half.
Singapore shares .STI fell to their lowest in two months, battered by telecom stocks such as Singapore Telecommunications
Ltd STEL.SI , StarHub Ltd STAR.SI and M1 Ltd MONE.SI
Telecom stocks lost ground after Australia's TPG Telecom TPM.AX and two local firms submitted expressions of interest
to the Singapore telecommunications regulator in an auction of radio airwaves later this year that is aimed at establishing a
fourth mobile operator.
Philippine shares .PSI rose 0.4 percent, snapping seven session of losses, and posted their fourth straight weekly loss.
Vietnam .VNI was closed for a holiday.
SOUTHEAST ASIAN STOCK MARKETS
Market Current Prev close Pct Move
Singapore 2803.92 2816.47 -0.45
Bangkok 1521.48 1539.71 -1.18
Manila 7807.42 7773.31 0.44
Jakarta 5353.461 5334.547 0.35
Kuala Lumpur 1671.79 1670.55 0.07
Indonesia to launch 13th economic package this month
Coordinating Economic Minister Darmin Nasution said on Wednesday that the government would release its 13th economic policy package in August, adding that the draft had been completed.
Darmin said the 13th package was largely an extension of the previous one, but would expand its focus beyond industry. The 12th package focused on small and medium enterprises.
"We are just waiting to schedule a meeting with the president," Darmin told reporters at his office. He refused to give the exact date the new policy package would come into effect.
The ministry team must meet with President Joko "Jokowi" Widodo one more time to finalize the details, Darmin said.