By Geo Tharappel
Feb 3 Most Southeast Asian stock markets marked
time on Friday ahead of the release of the U.S. monthly jobs
report that will set the tone for the Federal Reserve's rate
Nonfarm payrolls probably increased by 175,000 jobs in
January, picking up from the 156,000 jobs added in December,
according to a Reuters survey of economists. The unemployment
rate is expected to be unchanged at 4.7 percent in January.
Investors are concerned whether the Fed would switch gears
to a more hawkish stance if jobs data continues to surprise on
the upside. A quicker pace of rate hikes on the back of strong
economic indicators is likely to trigger fund outflows from
Some analysts are pencilling in a March rate hike if
payrolls data surprises on the upside, while futures are
predicting a move only by June.
Thai shares snapped five sessions of falls with
energy stocks gaining on a rise in oil prices. They lost 0.5
percent on the week.
Oil rose on news that U.S. President Donald Trump could
impose new sanctions on multiple Iranian entities.
PTT Pcl, Thailand's largest energy firm, and PTT
Global Chemical PCL were among the top contributors.
Vietnam shares closed lower for the first time in six
sessions, dragged down by financials and utilities, but added
0.4 percent for the week in their sixth consecutive weekly gain.
Vietcombank, Vietnam's largest lender by market
value, and Petrovietnam Gas were the top drags.
Philippine shares pared early losses to end flat with
gains in utilities and telecoms offsetting losses in financial
and real estate stocks. The index declined 1.5 percent this
week, its biggest fall since the week ended Dec. 23, 2016.
Energy Development Corp rose 2.1 percent to close
at a three-month high, while Metro Pacific Investments Corp
fell 2.7 percent to end at a one-month low.
For the week, Singapore lost 0.8 percent, Malaysia
shed 0.1 percent, and Indonesia gained 0.9
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SOUTHEAST ASIAN STOCK MARKETS: Change on the day
Market Current prev close Pct Move
Singapore 3041.94 3044.08 -0.07
Bangkok 1582.95 1572.67 0.65
Manila 7226.7 7225.91 0.01
Jakarta 5360.767 5353.713 0.13
Kuala Lumpur 1685.01 1673.48 0.69
Ho Chi Minh 700.35 703.18 -0.40
Change this year
Market Current End 2016 Pct Move
Singapore 3041.94 2880.76 5.60
Bangkok 1582.95 1542.94 2.59
Manila 7226.7 6840.64 5.64
Jakarta 5360.767 5296.711 1.21
Kuala Lumpur 1685.01 1641.73 2.64
Ho Chi Minh 700.35 664.87 5.34
(Reporting by Geo Tharappel; Additional reporting by Saikat
Chatterjee in Hong Kong; Editing by Subhranshu Sahu)