SE Asia Stocks Most rise; Malaysia at 2-month high

by **Cals** Sun 18 Oct 2015, 17:10

SE Asia Stocks

[size=28]Most rise; Malaysia at 2-month high

By Reuters / Reuters | October 16, 2015 : 9:53 PM MYT

BANGKOK (Oct 16): Most Southeast Asian stock markets rose in line with global equities on Friday, with foreign-led buying bringing Malaysia's key index to a more-than-two-month high and most others in the region notching up further gains on the week.

Malaysia's key stock index was up 0.2% at its highest close since Aug 5, finishing the week 0.6% higher. The bourse said foreign investors bought shares for a second week worth a net 412 million ringgit (US$98.80 million).

Bucking the trend, the Thai SET index fell 0.5%, coming off a 10-week high in early trade, trimming its gain on the week to 0.5%.

Shares of Bank of Ayudhya dropped 7.3% on profit-taking, after a 20% rally over the past two days, on hopes of improved third-quarter results, due by next week.

Vietnam's benchmark VN Index closed up 0.1% on the day, as investors awaited third-quarter corporate results.

It rose 0.9% on the week, in line with most others in the region.

Singapore's index rose 1.1% on the week.

Indexes in Indonesia and the Philippines posted a weekly loss of more than 1% each, after a strong showing last week when foreign investors tentatively bought back
into the region, on hopes a U.S. Fed rate hike would be delayed.

Europe extended a global share market rebound on Friday, following Asian and U.S. stock indexes higher, after better U.S. data helped allay fears about global growth and sent world stocks to two-month highs.

SOUTHEAST ASIAN STOCK MARKETS
Change on day
Market             Current     Prev Close    Pct Move
Singapore          3030.61       3015.14       +0.51
Kuala Lumpur       1716.82       1713.25       +0.21
Bangkok            1418.38       1425.32       -0.49
Jakarta            4521.88       4507.19       +0.33
Manila             7055.74       7045.40       +0.15
Ho Chi Minh         593.02        592.40       +0.10

Change on year
Market             Current       End 2014    Pct Move
Singapore          3030.61       3365.15       -9.94
Kuala Lumpur       1716.82       1761.25       -2.52
Bangkok            1418.38       1497.67       -5.29
Jakarta            4521.88       5226.95      -13.49
Manila             7055.74       7230.57       -2.42
Ho Chi Minh         593.02        545.63       +8.69

(US$1 = 4.1700 ringgit)
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