ASEAN KEY DESTINATIONS
03 September 2014
The Straits Times Index (STI) ended +20.47 points higher or +0.62% to 3348.77, taking the year-to-date performance to +5.81%.
The FTSE ST Mid Cap Index gained +0.32% while the FTSE ST Small Cap Index gained +0.30%. The top active stocks were OCBC Bank (+0.51%), DBS (+0.73%), SingTel (-0.25%), Global Logistic (+1.74%) and Genting Sing (-1.22%).
The outperforming sectors today were represented by the FTSE ST Technology Index (+2.69%). The two biggest stocks of the FTSE ST Technology Index are Silverlake Axis (+4.03%) and STATS ChipPAC (+0.81%). The underperforming sector was the FTSE ST Utilities Index, which declined -0.43% with United Envirotech’s share price declining -0.36% and Hyflux’s share price declining -0.44%. The FTSE ST Consumer Services Index declined -0.07%. The FTSE ST Real Estate Index gained +0.71%.
The three most active Exchange Traded Funds (ETFs) by value today were the SPDR Gold Shares (-0.70%), IS MSCI India (+0.39%), SPDR Straits Times Index ETF (+0.30%).
The three most active Real Estate Investment Trusts (REITs) by value were Suntec REIT (-0.54%), Ascendas REIT (+0.43%), CapitaMall Trust (+0.25%)
The most active index warrants by value today were HSI24800MBeCW140929 (+60.92%), HSI24600MBePW140929 (-44.32%), HSI25200MBeCW141030 (+42.86%).
The most active stock warrants by value today were DBS MB eCW150106 (+3.97%), UOB MB eCW141201 (-1.22%), OCBC Bk MBeCW150302 (-2.06%).
Singapore Stock Market
*ST Index 3,348.77 +20.47 3,328.3 +14.17
Volume: 1,552.6M 1,618.4M
Value: $1,117.9M $892.1M
Gainers/Losers: 234/201 222/220
Daily Market Commentary (Securities)
3 Sep 2014
The FBM KLCI index lost 2.82 points or 0.15% on Wednesday. The Finance Index fell 0.18% to 17437.73 points, the Properties Index up 0.21% to 1489.53 points and the Plantation Index rose 0.18% to 8549.81 points. The market traded within a range of 18.97 points between an intra-day high of 1872.45 and a low of 1853.48 during the session.
Actively traded stocks include GLOTEC, MARCO, RGB, EFFICEN, SUMATEC, SANICHI-OR, PDZ, WINTONI, SANICHI and WINTONI-WA. Trading volume increased to 2999.63 mil shares worth RM2104.33 mil as compared to Tuesday’s 2802.86 mil shares worth RM2156.42 mil.
Leading Movers were PPB (+18 sen to RM14.70), DIGI (+7 sen to RM5.80), SKPETRO (+5 sen to RM4.30), GENTING (+9 sen to RM9.79) and KLK (+14 sen to RM22.30). Lagging Movers were ASTRO (-14 sen to RM3.40), GENM (-10 sen to RM4.28), BAT (-90 sen to RM71.60), CIMB (-8 sen to RM7.28) and UMW (-12 sen to RM12.28). Market breadth was negative with 386 gainers as compared to 455 losers.
The KLCI closed lower at 1864.87 points, bucking the generally higher Asian markets. Our benchmark Index was mainly dragged down by the losses in Astro and Genting Malaysia. Meanwhile, market sentiment remained muted on on-going tensions in Ukraine.
Date As of: 03 September 2014
Description Volume Value Frequency
ETF 15,700 8,650,700 105
Stock 8,297,059,887 18,349,386,907,941 213,718
Warrant 83,046,100 4,466,231,100 1,720
Total 8,380,121,687 18,353,861,789,741 215,543
Thailand's Mutual Fund Fair 2014 well-received by novice investors
BANGKOK, September 3, 2014 - The Stock Exchange of Thailand (SET) successfully attracted more than 3,500 investors to the "Mutual Fund Fair 2014", generating 1,053 transactions worth THB 57.75 million during last week's event (August 29-30) with long-term equity fund (LTF) and mutual equity fund among the best sellers.
Noppakao Sucharitakul, SET's senior vice president and group head Customer & Channel, said that the fair, co-hosted by Association of Investment Management Companies and 15 asset management firms, promoted mutual fund investment under the concept "Simple start, Easy trade." The total transactions consisted of 340 from LTF, 315 from equity fund, while other funds such as retirement mutual fund (RMF), foreign investment fund and fixed income fund, also drew substantial interests from investors.
"This event greatly achieved our expectations, including the number of participants of which half were first jobbers enthusiastic to start investing in stocks. More importantly, the various activities in the event could draw impressive attentions from large audience. This has reinforced SET's commitment to continuously enhance investment through the "Let your money work through mutual funds" campaign, aiming to broaden investment culture and build quality investors, and finally strengthening the Thai capital market development," Noppakao said.
"The success of this event proved that investors' behavior has significantly changed during the past years. Currently, investors are more prudent to allocate funds into investment with discipline, as they understand the investment principles and policy by monitoring information and economic outlooks for long-term qualitative decision making. Moreover, they are more interested in equity funds, in addition to LTF, RMF and fixed income funds, because these funds are managed by professionals like fund managers, and likely to generate satisfactory returns for long-term investment in the future," Noppakao added.
As of August 29, 2014, the total net asset value in the mutual fund industry was THB 3.75 trillion (approx. USD 117 billion), up 21.80 percent from a year earlier.
As of 3 September 2014 Unit: M.Baht
Type Buy Sell Net
Institution 4,673.28 4,725.14 -51.87
Proprietary 4,428.32 3,916.93 511.39
Foreign 8,415.50 6,520.81 1,894.69
Individual 33,705.69 36,059.90 -2,354.21
Total Trading Value 51,222.79 M.Baht
Vietnam index closes up 0.6 pct, profit-taking stems gains
Vietnam's VN Index gained for a third straight day on Wednesday, closing up 0.64 percent to 640.75 points, with profit-taking after recent strong rises
boosting volume to a high of more than five months.
The index has risen nearly six percent over the past two weeks, reaching near a strong resistance level of 645-650 points that analysts said prompted investors to cash in on shares.
Volume hit 205 million shares, the highest since March 26,
The index is likely to dip soon on greater selling and break from the rising trend, analysts said, with some anticipating the market could pick up again and reach as high as 670 points later in the year.
"Stocks are now more attractive than savings which offer low rates," said analyst Doan Thi Minh Nguyet of Saigon-Hanoi Securities. "Gold and foreign currencies have been stable and the real estate sector needs long-term commitments."
PetroVietNam Gas , Vietnam's biggest firm by market value, rose 0.81 percent, while top insurer Baoviet Holdings jumped 4.51 percent.
Here is a snapshot of the VN Index at the close
VN Index 640.75
PREV. CLOSE 636.65
% CHANGE 0.64%
SE Asia Stocks -Most extend gains amid inflows
Thai shares rose for a fourth session on Wednesday, led by tourism stocks such as Airports of Thailand <AOT.BK> , while increased expectation that the European Central Bank will announce monetary stimulus later this week lifted sentiment across Southeast Asia.
The Thai SET index finished up 0.9 percent at 1,583.27, a 15-month closing high. Foreign investors were net buyers of Thai shares worth 1.9 billion baht ($59.34 million), stock exchange data showed.
Shares of airport operator Airports of Thailand jumped 3.4 percent to a record close of 245 baht, with a more stable political situation supportive to the tourism sector, traders said.
Stocks in Indonesia and the Philippines rose for a third day and shares in Singapore extended their gains for a second day. Vietnam gained for a third straight session.
Large caps such as Philippine Long Distance Telephone Co , Universal Robina Corp and Telkom Indonesia led gainers in the region amid foreign inflows and a recovery in most regional currencies.
Foreign investors were net buyers of Philippine stocks worth 621 million peso ($14.25 million), Indonesian shares worth 475 billion rupiah ($40.39 million), Malaysian shares worth 57 million ringgit ($17.94 million), stock exchange data and Thomson Reuters data showed.
SOUTHEAST ASIAN STOCK MARKETS
Market Current Prev Close Pct Move
TR SE Asia Index* 447.38 444.48 +0.65
Singapore 3348.77 3328.30 +0.62
Kuala Lumpur 1864.87 1867.69 -0.15
Bangkok 1583.27 1568.60 +0.94
Jakarta 5224.14 5201.59 +0.43
Manila 7206.02 7106.56 +1.40
Ho Chi Minh 640.75 636.65 +0.64