By Anusha Ravindranath
Jan 12 Philippine stocks fell for a second
straight session on Thursday, led by telecom and financials as
traders took profits, while most other Southeast Asian markets
ended marginally lower, with Singapore easing from a
Philippine shares closed 0.8 percent lower with
telecom operator PLDT Inc the top loser, slipping 4.2
percent while Globe Telecom shed 2.4 percent.
The market fell on profit-booking in stocks which saw a
steep rise in prices in the last few sessions, said Ralph
Bodollo, an equity research analyst with Manila-based RCBC
The Singapore index fell from a fourteen-month peak,
ending 0.3 percent lower as some of the early gains in
financials were offset by losses in industrial stocks.
Yangzijiang Shipbuilding Holdings lost 1.78
percent while Jardine Matheson Holdings was down 1.5
Jakarta also shed early gains to finish the session
lower, hurt mainly by consumer stocks. Shares of tobacco maker
Hanjaya Mandala Sampoerna Tbk PT fell 1.3 percent.
Vietnam shares were flat, while Thai stocks
reversed gains to end the session lower.
Bucking the trend, Malaysian shares rose for a third
straight session and finished slightly higher after hitting
their highest in four months.
Financials and consumer staples added to the gains with
British American Tobacco Malaysia Bhd closing 4.12
percent higher and AMMB Holdings Bhd up 0.45 percent.
For Asian Companies click;
SOUTHEAST ASIAN STOCK MARKETS
Change on day
Market Current Previous Pct Move
Singapore 2993.00 3000.94 -0.26
Bangkok 1568.84 1572.93 -0.26
Manila 7264.55 7321.82 -0.78
Jakarta 5292.75 5301.237 -0.16
Kuala Lumpur 1677.76 1675.21 0.15
Ho Chi Minh 686.96 687.16 -0.03
Change so far
Market Current End 2016 Pct Move
Singapore 2993.00 2880.76 3.90
Bangkok 1568.84 1542.94 1.68
Manila 7264.55 6840.64 6.2
Jakarta 5292.75 5296.711 -0.07
Kuala Lumpur 1677.76 1641.73 2.19
Ho Chi Minh 686.96 664.87 3.32
(Reporting by Anusha Ravindranath in Bengaluru; Editing by Vyas