SE Asia Stocks S'pore, Malaysia rebound; Thai stocks fall on foreign selling
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SE Asia Stocks S'pore, Malaysia rebound; Thai stocks fall on foreign selling
- SE Asia Stocks
[size=28]S'pore, Malaysia rebound; Thai stocks fall on foreign selling
By Reuters / Reuters | December 22, 2015 : 7:40 PM MYT[/size]
BANGKOK (Dec 22): Most Southeast Asian stock markets rose on Tuesday, with key indexes in Singapore and Malaysia snapping a two-session losing streak amid gains in select energy and telecoms shares, but the Thai benchmark extended losses to a near two-year closing low.
Singapore's key index added 0.3% amid active buying in Sembcorp Marine ([You must be registered and logged in to see this image.] Valuation: 1.80, Fundamental: 1.10) with a recovery in oil prices. The Malaysian index advanced 0.9% amid active buying in Axiata Group ( Valuation: 1.70, Fundamental: 1.15) after an acquisition plan.
A tepid recovery in oil prices from 11-year lows also lifted world stock markets on Tuesday.
The broader SET index fell for a third session, down 0.2% at 1,261.66, the lowest close since January 2014. Foreign investors offloaded a net 5.9 billion baht (US$163.62 million) of equities, their 12th straight session of selling, exchange data showed.
Late selling hit Thai banking shares such as Kasikornbank, while telecoms shares including Jasmine International fell further amid concerns related to high bidding prices of the fourth-generation spectrum licences.
The Philippine index hit a near three-week closing high, while Indonesia rose for a second day, with trading volumes below the 30-day average in a holiday-shortened trading week. Vietnam was a tad lower, erasing early gains.
SOUTHEAST ASIAN STOCK MARKETS
Change on day | |||
Market | Current | Prev Close | % Move |
Singapore | 2852.97 | 2845.55 | +0.26 |
Kuala Lumpur | 1643.26 | 1629.09 | +0.87 |
Bangkok | 1261.66 | 1264.44 | -0.22 |
Jakarta | 4517.57 | 4490.68 | +0.60 |
Manila | 6966.18 | 6910.34 | +0.81 |
Ho Chi Minh | 566.35 | 566.90 | -0.10 |
Change on year | |||
Market | Current | End 2014 | % Move |
Singapore | 2852.97 | 3365.15 | -15.22 |
Kuala Lumpur | 1643.26 | 1761.25 | -6.70 |
Bangkok | 1261.66 | 1497.67 | -15.76 |
Jakarta | 4517.57 | 5226.95 | -13.57 |
Manila | 6966.18 | 7230.57 | -3.66 |
Ho Chi Minh | 566.35 | 545.63 | +3.80 |
(US$1 = 36.0600 baht)
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