ASEAN KEY DESTINATIONS
04 September 2014
The Straits Times Index (STI) ended -2.43 points lower or -0.07% to 3346.34, taking the year-to-date performance to +5.73%.
The FTSE ST Mid Cap Index declined -0.10% while the FTSE ST Small Cap Index declined -0.26%. The top active stocks were Sheng Siong (-4.93%), OCBC Bank (-1.43%), DBS (+0.66%), Keppel Corp (-1.18%) and Ascendas Reit (+0.85%).
The outperforming sectors today were represented by the FTSE ST Consumer Goods Index (+0.56%). The two biggest stocks of the FTSE ST Consumer Goods Index are Wilmar International (+0.32%) and Thai Beverage (+1.47%). The underperforming sector was the FTSE ST Technology Index, which declined -1.03% with Silverlake Axis’s share price declining -0.39% and STATS ChipPAC’s share price declining -3.20%. The FTSE ST Consumer Services Index declined -0.49%. The FTSE ST Real Estate Index gained +0.18%. The FTSE ST Utilities Index gained +0.27%.
The three most active Exchange Traded Funds (ETFs) by value today were the SPDR Gold Shares (+0.40%), DBXT Csi300 ETF (+0.28%), DBXT FTSE Vietnam ETF (+0.59%).
The three most active Real Estate Investment Trusts (REITs) by value were Ascendas REIT(+0.85%), CapitaMall Trust (-0.25%), Suntec REIT (-0.82%)
The most active index warrants by value today were HSI25000MBePW141030 (+3.28%), HSI25400MBeCW140929 (-10.71%), HSI25800MBeCW141030 (-4.72%).
The most active stock warrants by value today were DBS MB eCW150106 (+4.58%), KepCorp MBeCW141201 (-13.46%), UOB MB eCW141201 (-8.03%).
Singapore Stock Market
*ST Index 3,346.34 -2.43 3,348.77 +20.47
Volume: 1,777.7M 1,552.6M
Value: $1,124.9M $1,117.9M
Gainers/Losers: 172/262 234/201
Daily Market Commentary (Securities)
4 Sep 2014
The FBM KLCI index gained 4.34 points or 0.23% on Thursday. The Finance Index increased 0.09% to 17453.29 points, the Properties Index up 0.33% to 1494.47 points and the Plantation Index rose 0.86% to 8623.04 points. The market traded within a range of 7.87 points between an intra-day high of 1867.87 and a low of 1860.00 during the session.
Actively traded stocks include GLOTEC, SANICHI-OR, SUMATEC, WINTONI, LUSTER, REACH-WA, PDZ, TEKSENG, MINETEC and OLYMPIA. Trading volume decreased to 2517.35 mil shares worth RM2117.54 mil as compared to Wednesday’s 2999.63 mil shares worth RM2104.33 mil.
Leading Movers were KLK (+110 sen to RM23.40), PETDAG (+42 sen to RM20.40), PPB (+30 sen to RM15.00), FGV (+7 sen to RM3.85) and AMMB (+10 sen to RM6.77). Lagging Movers were DIGI (-5 sen to RM5.75), IOICORP (-4 sen to RM4.79), UMW (-8 sen to RM12.20), HLFG (-10 sen to RM17.36) and TENAGA (-6 sen to RM12.34). Market breadth was negative with 390 gainers as compared to 430 losers.
The KLCI ended higher at 1869.21 points on late buying interest. The KLCI moved sideways amid absence of fresh market leads and mixed performance of regional markets. Investors’ sentiment was muted as investors await central bank decisions on monetary easing in Europe.
Date As of: 04 September 2014
Description Volume Value Frequency
ETF 11,100 7,221,000 111
Stock 6,221,296,923 6,513,254,595,914 207,204
Warrant 71,149,300 5,025,234,200 1,220
Total 6,292,457,323 6,518,287,051,114 208,535
As of 4 September 2014 Unit: M.Baht
Type Buy Sell Net
Institution 4,788.12 7,294.22 -2,506.10
Proprietary 4,754.54 4,083.26 671.28
Foreign 9,936.87 8,925.57 1,011.29
Individual 33,415.70 32,592.18 823.52
Total Trading Value 52,895.23 M.Baht
Vietnam index eases 0.1 pct on profit taking
The VN Index in Ho Chi Minh City dipped 0.08 percent on Thursday as investors took profits from recent gains, with data showing Vietnamese shares in overbought territory.
The index, Southeast Asia's top performer this year, has risen 4.5 percent in the past two weeks and has closed up in seven out of nine sessions after surpassing 610 points on Aug. 21, Reuters data showed. That was a closing high of nearly five years.
Vietnamese equities are second cheapest in Southeast Asia after Singapore, with a price-to-earning ratio of 14.89. That compares with the Philippines' 21.23, the most expensive, according to Reuters data.
"Today is clearly a profit taking session, but selling pressure was not strong," said Nguyen Tuan of An Binh Securities. "Some investors were cautious, but most were optimistic, taking profit to buy back at lower prices or switching to other equities."
The benchmark's relative strength index eased from a day earlier to 82, having stayed above 70 for nearly two weeks, which indicates overbought territory for Vietnamese shares, Reuters data showed.
But analysts forecasted the market to rise further after some corrections expected in coming sessions. Average daily volume on the exchange in the third quarter as of the end of August was more than 20 percent higher compared to the previous three months.
Here is a snapshot of the VN Index at the close
VN Index 640.22
PREV. CLOSE 640.75
% CHANGE -0.08%
SE Asia Stocks - Profit-taking hits overbought markets
Southeast Asian stock markets mostly fell on Thursday as profit-taking hit overbought shares in Thailand and Vietnam, while the Indonesian key index
retreated from a record closing high in the previous session amid large-cap selling by domestic investors.
Top losers in Bangkok included shares of airport operator Airports of Thailand, which touched a record high on Wednesday amid expectations of a possible relaxation of martial law in some tourist areas.
The benchmark SET index eased 0.2 percent after four straight sessions of gains. Its 14-day Relative Strength Index (RSI) fell to 70.36 at the close from Wednesday's 73.47. A level of 70 or above suggests shares were overbought.
The VN Index in Ho Chi Minh City dipped 0.08 percent as investors took profits from recent gains, with data showing Vietnamese shares in the overbought territory.
Jakarta's composite index was down 0.36 percent at 5,205.32, coming off a record close of 5,224.135 on Wednesday.
Domestic investors were net sellers of shares such as Bank Rakyat Indonesia .
Stocks in Singapore and the Philippines retreated from gains early in the week, boosted by speculation on the European Central Bank's stimulus measure, which could lead to foreign fund inflows.
SOUTHEAST ASIAN STOCK MARKETS
Market Current Prev Close Pct Move
TR SE Asia Index* 446.83 447.36 -0.12
Singapore 3346.34 3348.77 -0.07
Kuala Lumpur 1869.21 1864.87 +0.23
Bangkok 1579.73 1583.27 -0.22
Jakarta 5205.32 5224.13 -0.36
Manila 7204.11 7206.02 -0.03
Ho Chi Minh 640.22 640.75 -0.08