ASEAN KEY DESTINATIONS
05 September 2014
The Straits Times Index (STI) ended -4.61 points lower or -0.14% to 3341.73, taking the year-to-date performance to +5.59%.
The FTSE ST Mid Cap Index declined -0.05% while the FTSE ST Small Cap Index declined -0.31%. The top active stocks were OCBC Bank (+1.04%), UOB (-1.00%), DBS (-0.11%), Global Logistic (-1.02%) and SingTel (-0.51%).
The outperforming sectors today were represented by the FTSE ST Technology Index (+1.15%). The two biggest stocks of the FTSE ST Technology Index are Silverlake Axis (+3.11%) and STATS ChipPAC (-1.65%). The underperforming sector was the FTSE ST Basic Materials Index, which declined -0.76% with Midas Holdings’s share price declining -1.27% and Geo Energy Resources’s share price unchanged. The FTSE ST Consumer Services Index declined -0.03%. The FTSE ST Real Estate Index declined -0.38%. The FTSE ST Utilities Index declined -0.12%.
The three most active Exchange Traded Funds (ETFs) by value today were the SPDR Gold Shares (-0.52%), DBXT MSCI Asia Ex Japan ETF (+1.01%), DBXT FTSE Vietnam ETF (+1.61%).
The three most active Real Estate Investment Trusts (REITs) by value were CapitaMall Trust (unchanged), Mapletree Industrial Trust (-0.69%), CapitalCommercial Trust (+0.59%)
The most active index warrants by value today were HSI25400MBeCW140929 (-9.33%), HSI25000MBePW141030 (+3.97%), HSI25200MBeCW141030 (-6.16%).
The most active stock warrants by value today were DBS MB eCW150106 (-1.46%), UOB MB eCW141201 (-6.71%), KepCorp MBeCW141201 (-1.11%).
Singapore Stock Market
*ST Index 3,341.73 -4.61 3,346.34 -2.43
Volume: 1,251.7M 1,777.7M
Value: $947.4M $1,124.9M
Gainers/Losers: 183/227 172/262
Daily Market Commentary (Securities)
5 Sep 2014
The FBM KLCI index lost 0.75 points or 0.04% on Friday. The Finance Index increased 0.45% to 17531.88 points, the Properties Index up 0.44% to 1501.1 points and the Plantation Index down 0.64% to 8567.62 points. The market traded within a range of 3.56 points between an intra-day high of 1869.84 and a low of 1866.28 during the session.
Actively traded stocks include PDZ, SUMATEC, GLOTEC, EFFICEN, SANICHI-OR, TEKSENG, MARCO, COMPUGT, DNEX and AHB-WB. Trading volume increased to 2710.06 mil shares worth RM2255.28 mil as compared to Thursday’s 2517.35 mil shares worth RM2117.54 mil.
Leading Movers were HLBANK (+42 sen to RM14.74), AMMB (+12 sen to RM6.89), IHH (+8 sen to RM5.00), HLFG (+24 sen to RM17.60) and UMW (+14 sen to RM12.34). Lagging Movers were KLK (-110 sen to RM22.30), PPB (-20 sen to RM14.80), SKPETRO (-3 sen to RM4.26), CIMB (-5 sen to RM7.23) and TENAGA (-8 sen to RM12.26). Market breadth was positive with 506 gainers as compared to 304 losers.
The KLCI moved sideways and ended marginally lower at 1868.46 points on the last trading day of the week. Market sentiment was muted after the European Central Bank unexpectedly cut interest rates and announced a bond-buying program.
Date As of: 05 September 2014
Description Volume Value Frequency
Total 5,362,574,885 5,445,141,080,429 224,961
ETF 2,300 1,831,200 16
Stock 5,296,550,285 5,441,898,533,329 223,741
Warrant 66,022,300 3,240,715,900 1,204
As of 5 September 2014 Unit: M.Baht
Type Buy Sell Net
Institution 3,308.54 3,723.39 -414.85
Proprietary 3,067.84 3,241.26 -173.42
Foreign 9,205.10 7,637.13 1,567.97
Individual 28,744.57 29,724.26 -979.70
Total Trading Value 44,326.05 M.Baht
Vietnam index ends down 0.25 pct, GAS erases other gains
Vietnam's VN Index fell 0.25 percent on Friday, dragged down by a loss in top firm PetroVietNam Gas , but gains in other equities
maintained optimism for further rise in the region's best performing market this year.
Shares in state-run GAS, which accounts for a fifth of total market value, fell 1.6 percent, while food producer Masan Group <MSN.HM> lost 1.18 percent. The number of stocks on the rise was double those that lost, with Petrovietnam Fertilizer and Chemicals Corp outperforming the market with a 3.86 percent gain, Reuters data showed.
Shares in DPM, another unit of state energy group Petrovietnam, have jumped 5.4 percent since Wednesday when the company said it would pay a cash dividend of 1,500 dong ($0.07) per stock as its first payment for 2014.
"After a few adjustments, the index will extend rising, especially when companies are closer to their exports season at the year end," said analyst Tran Thang Long of BIDV Securities.
"Low inflation gives room for further rate cuts, which would lower costs for businesses."
Analysts expect the index, which closed at 638.65 points on Friday, to face stronger corrections around 650 points before climbing to as high as 680-700 points later this year.
Vietnamese stocks are the second-cheapest in Southeast Asia right now, with a price-to-earnings ratio of 14.87.
Here is a snapshot of the VN Index at the close
VN Index 638.65
PREV. CLOSE 640.22
% CHANGE -0.25%
SE Asia Stocks-Philippine shares lead regional gain on week
Philippine stocks hit a 15-month high on Friday, posting their best weekly gain in five months on selective buying in financial shares, while the Thai index rose to near a psychological mark of 1,600, helped by some buying in construction and bank shares.
The Philippine main index rose almost 1 percent to 7,263.58, its highest close since May 24, 2013. It rose 3 percent on the week, the biggest gain since the week ended April 4, and was the best performer in Southeast Asia.
Actively-traded stocks included shares of Bank of the Philippine Islands and Metropolitan Bank & Trust .
Investors looked forward to possible interest rate hikes at the Philippine central bank's meeting next week after data early on Friday showed an acceleration in August inflation.
The Thai SET index edged up 0.3 percent, rebounding from a modest fall on Thursday and closing at 1,584.32, a level last hit on May 29, 2013. It extended its gains for a fifth straight week, adding 1.5 percent.
Shares seen as reaping the benefits of local economic recovery led the gainers, including cement maker TPI Polene , which jumped 6.2 percent and Siam Commercial Bank , which climbed 1.3 percent.
All the bourses in the region ended the week higher, with Indonesia up 1.6 percent while Singapore ,
Malaysia and Vietnam rose modestly.
SOUTHEAST ASIAN STOCK MARKETS
Market Current Prev Close Pct Move
TR SE Asia Index* 447.37 446.79 +0.13
Singapore 3341.73 3346.34 -0.14
Kuala Lumpur 1868.46 1869.21 -0.04
Bangkok 1584.32 1579.73 +0.29
Jakarta 5217.33 5205.32 +0.23
Manila 7263.58 7204.11 +0.83
Ho Chi Minh 638.65 640.22 -0.25