By Krishna V Kurup
April 3 Southeast Asian stocks ended in positive
territory on Monday, with Indonesia hitting a record high on
better-than-expected earnings for the quarter ended March.
Indonesian shares rose as much as 0.9 percent,
hitting their highest level during the session, with consumer
stocks accounting for nearly half the gains on the index.
The better-than-expected earnings for the quarter ended
March are "providing support to the index," said Harry Su, an
analyst with Jakarta-based Bahana Securities.
The country also saw its annual inflation rate easing to
3.61 percent in March, against expectations for it to stay
steady near the previous month's 3.83 percent.
Conglomerate Astra International Tbk Pt rose 1.7
percent, while PT Unilever Indonesia Tbk ended 1.3
Broader Asian markets were also off to a good second-quarter
start, with MSCI's broadest index of Asia-Pacific shares outside
Japan up 0.4 percent, by 0940 GMT.
Markets in the region continued their rally in March, after
the U.S. Federal Reserve signaled a gradual pace of monetary
tightening at its March 14–15 meeting. tmsnrt.rs/2o1qtAN
Investors are also looking out for U.S. payroll data due on
Friday and U.S. President Donald Trump's first meeting with
counterpart Xi Jinping on Thursday and Friday.
Philippine shares finished 0.4 percent higher. Real
estate stocks and financials led the gainers, with property
developer SM Prime Holdings rising 1.41 percent, while
Bank of the Philippine Islands closed up 2.3 percent.
Thailand and Singapore closed up 0.4 percent
each, while Vietnam ended flat.
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SOUTHEAST ASIAN STOCK MARKETS: Change on day
Market Current Prev close Pct Move
Singapore 3187.51 3175.11 0.39
Bangkok 1580.86 1575.11 0.37
Manila 7341.65 7311.72 0.41
Jakarta 5606.789 5568.106 0.69
Kuala Lumpur 1745.49 1740.09 0.31
Ho Chi Minh 722.38 722.31 0.01
Change on year
Market Current End 2016 Pct Move
Singapore 3187.51 2880.76 10.65
Bangkok 1580.86 1542.94 2.46
Manila 7341.65 6840.64 7.30
Jakarta 5606.789 5296.711 5.85
Kuala Lumpur 1745.49 1641.73 6.32
Ho Chi Minh 722.38 664.87 8.60
(Reporting by Krishna V Kurup in Bengaluru; Editing by Sunil