ASEAN KEY DESTINATIONS
09 September 2014
The Straits Times Index (STI) ended +7.77 points higher or +0.23% to 3342.96, taking the year-to-date performance to +5.63%.
The FTSE ST Mid Cap Index gained +0.02% while the FTSE ST Small Cap Index declined -0.15%. The top active stocks were DBS (+0.66%), OCBC Bank (+0.41%), UOB (+0.22%), SingTel (-0.51%) and STATS ChipPAC (+5.09%).
The outperforming sectors today were represented by the FTSE ST Industrials Index (+0.75%). The two biggest stocks of the FTSE ST Industrials Index are Jardine Matheson Holdings (+0.83%) and Jardine Strategic Holdings (+1.37%). The underperforming sector was the FTSE ST Telecommunications Index, which declined -0.48% with SingTel’s share price declining -0.51% and StarHub’s share price declining -0.24%. The FTSE ST Consumer Services Index declined -0.20%. The FTSE ST Real Estate Index gained +0.03%. The FTSE ST Utilities Index declined -0.29%.
The three most active Exchange Traded Funds (ETFs) by value today were the IS MSCI India (-0.90%), SPDR Gold Shares (-0.94%), DBXT FTSE Vietnam ETF (-1.42%).
The three most active Real Estate Investment Trusts (REITs) by value were Mapletree Commercial Trust (-0.34%), CapitaMall Trust (+0.50%), Ascendas REIT (+0.42%).
The most active index warrants by value today were STI 3300MBeCW141031 (unchanged), HSI25400MBeCW140929 (-5.88%), HSI25200MBeCW141030 (-2.92%).
The most active stock warrants by value today were UOB MB eCW141201 (+3.47%), DBS MB eCW150106 (+6.52%), KepCorp MBeCW141201 (-1.15%).
Singapore Stock Market
*ST Index 3,342.96 +7.77 3,335.19 -6.54
Volume: 1,052.3M 1,997.5M
Value: $661.1M $683.6M
Gainers/Losers: 188/225 174/246
Daily Market Commentary (Securities)
9 Sep 2014
The FBM KLCI index gained 3.03 points or 0.16% on Tuesday. The Finance Index fell 0.06% to 17557.28 points, the Properties Index dropped 0.06% to 1508.51 points and the Plantation Index down 0.15% to 8524.57 points. The market traded within a range of 8.23 points between an intra-day high of 1876.21 and a low of 1867.98 during the session.
Actively traded stocks include GLOTEC, AT, RGB, KTB, ASIABIO, IFCAMSC, EFFICEN, SUMATEC, PDZ and REACH-WA. Trading volume decreased to 2455.83 mil shares worth RM2016.52 mil as compared to Monday’s 2682.82 mil shares worth RM1929.42 mil.
Leading Movers were KLCC (+11 sen to RM6.75), GENM (+6 sen to RM4.32), TM (+7 sen to RM6.42), DIGI (+6 sen to RM5.85) and CIMB (+7 sen to RM7.32). Lagging Movers were PPB (-13 sen to RM14.80), HLBANK (-18 sen to RM14.64), FGV (-4 sen to RM3.81), KLK (-22 sen to RM21.98) and YTL (-1 sen to RM1.63). Market breadth was positive with 474 gainers as compared to 353 losers.
The KLCI reversed earlier losses by ending 3.03 points higher at 1874.12, despite the overnight decline in Wall Street. The performance of our benchmark index was underpinned by gains in telecommunication and Petronas-linked counters.
As of 9 September 2014 Unit: M.Baht
Type Buy Sell Net
Institution 3,973.38 4,085.52 -112.14
Proprietary 4,669.03 4,616.74 52.29
Foreign 9,650.37 8,586.30 1,064.07
Individual 37,961.63 38,965.85 -1,004.22
Total Trading Value 56,254.41 M.Baht
Vietnam index falls 2 pct on profit-taking, volume hits record high
Vietnam's benchmark VN Index fell 2.02 percent to 626.92 on Tuesday, with widespread profit-booking boosting volume to a record high.
Volumes surged to 280 million shares as investors offloaded about three thirds of the equities on the market, sending the index lower to its lowest level since Aug. 25, Reuters data showed.
"We have been expecting corrections, but not at this strong level," said a trader with Ho Chi Minh City Securities, adding that 620 would be the next supportive level for the index.
PetroVietNam Gas, which accounts for a fifth of the total market value, led losses with a 2.44 percent fall.
Hanoi-based lender Vietcombank declined 2.39 percent and technology firm FPT Corp tumbled 5.13 percent to the lowest since Aug. 27.
Here is a snapshot of the VN Index at the close.
VN Index 626.92
PREV. CLOSE 639.85
% CHANGE -2.02%
SE Asia Stocks-Profit-taking sends Philippines, Vietnam markets down
Most Southeast Asian stock markets lost ground on Tuesday, led by Philippine and Vietnamese shares, amid widespread profit booking after strong increases in the past sessions.
The Philippine SE Composite Index retreated 0.84 percent from a 15-month high, led by property firm Ayala Land with a 3.32 percent decline.
Vietnam's benchmark VN Index pared all of its gains over the past two weeks, dropping 2.02 percent as investors secured profits from most equities.
Southeast Asia's best performer has been bullish after strong inflows boosted Vietnamese shares, which have surpassed a high of nearly five years.
Tuesday's falls lowered the relative strength indexes of both Philippine and Vietnamese markets to below 70, removing them from an overbought territory, Reuters data showed.
Foreign investors turned net sellers of 123 billion rupiah ($10.45 million) worth of Indonesian shares , which declined 0.94 percent after hitting a record closing high for
the second time in a month on Monday.
Investors on the Jakarta bourse have expected higher fuel prices following a potential cut in subsidies by the government, which aims at limiting the country's current account deficit.
Singapore's FTSE Straits Times Index outperformed the regional market on gains in the baking sector.
The city-state has been lagging the regional markets despite being Southeast Asia's cheapest equities.
FTSTI has gained 5.54 percent since the beginning of the year, far below top risers Vietnam at 24.23 percent and the Philippines at 23.16 percent.
Singaporean stocks' price-to-earnings ratio humbles at 14.02, compared with the most expensive Philippines at 21.55.
Thailand and Malaysia moved in tight range amid moderate volumes.
SOUTHEAST ASIAN STOCK MARKETS
Market Current Prev Close Pct Move
TR SE Asia Index* 445.77 448.93 -0.70
Singapore 3342.96 3335.19 +0.23
Kuala Lumpur 1874.12 1871.09 +0.16
Bangkok 1583.18 1584.77 -0.10
Jakarta 5197.12 5246.483 -0.94
Manila 7253.67 7314.94 -0.84
Ho Chi Minh 626.92 639.85 -2.02