SE Asia Stocks S'pore closes above 5-yr highs; Thai Siam Makro surges after deal

Business & Markets 2013
Written by Reuters
Wednesday, 24 April 2013 18:48
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BANGKOK (April 24): Most Southeast Asian stocks edged higher on
Wednesday, tracking global equities and led by large caps such as
Singapore DBS Group Holdings Ltd while Thai Siam Makro Pcl rallied
on an acquisition deal.
Singapore's Straits Times Index finished up 1.2 percent at 3,322.71, the
highest close since January 2008.
Jakarta's Composite index was up 0.7 percent at 5,011.61, near last
week's record finish of 5,012.64.
After a rangebound session, the Thai SET index posted a modest 0.3
percent gain at 1,553.85. Shares in cash and carry wholesaler Siam
Makro surged 11 percent when trade resumed after CP All Pcl offered
to buy the company at a premium.
CP All shares were down 10.3 percent.
Among weak spots, the Philippine main index inched down 0.1 percent
to 6,972.69, with selling hitting recent gainers such as BDO Unibank Inc.
SOUTHEAST ASIAN STOCK MARKETS
Change on day
Market Current Prev Close Pct Move
TR SE Asia Index* 447.71 444.64 +0.69
Singapore 3322.71 3284.35 +1.17
Kuala Lumpur 1707.35 1700.39 +0.41
Bangkok 1553.85 1549.35 +0.29
Jakarta 5011.61 4975.33 +0.73
Manila 6972.69 6982.36 -0.14
Ho Chi Minh 472.89 473.69 -0.17