Feb 20 Most Southeast Asian stock markets trod
water on Monday, in line with broader Asia, while Thailand
erased early gains to trade almost flat after the region's
second-largest economy posted a weaker-than-expected quarterly
Thailand's SET index opened 0.2 percent higher
before erasing gains with losses centred in consumer and telecom
Retailer Big C Supercenter was down 1 percent,
while consumer staples heavyweight CP All Pcl was off
The state planning agency said gross domestic product in the
fourth quarter grew 0.4 percent from the previous three-month
period as domestic demand slowed and tourist arrival slumped.
It left its 2017 growth forecast unchanged, at 3.0-4.0
percent, and said expanding exports plus higher crop production
and state spending will aid growth this year. But analysts are
doubtful the growth pace can be much higher than 2016's 3.2
Other Southeast Asian markets mirrored Asian shares, which
moved sideways with U.S. markets closed for Presidents Day.
MSCI's broadest index of Asia-Pacific shares outside Japan
rose 0.74 points.
Philippine shares, which ended the previous session
0.5 percent lower, saw broad-based gains as investors hunted for
Consumer cyclicals were the biggest beneficiaries with SM
Investments Corp and GT Capital Holdings
rising 1 percent and 1.4 percent, respectively.
Indonesian shares were 0.3 percent higher, led
largely by energy and consumer cyclical stocks.
Automotive business Astra International was 1
percent higher, while United Tractors and Adaro Energy
added over 2 percent each.
Malaysian stocks posted minor gains, while Singapore
was slightly down.
In Singapore, gains in telcos were outweighed by losses in
industrials. Jardine Matheson Holdings, the city
state's biggest industrial stock by market value, dropped 1.4
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SOUTHEAST ASIAN STOCK MARKETS: Change at 0506 GMT
Market Current Previous Close Pct Move
Singapore 3104.52 3107.65 -0.10
Bangkok 1576.85 1577.84 -0.06
Manila 7270.4 7244.79 0.35
Jakarta 5366.824 5350.932 0.30
Kuala Lumpur 1711.77 1707.68 0.24
Ho Chi Minh 706.19 707.83 -0.23
Change on year
Market Current End 2016 Pct Move
Singapore 3104.52 2880.76 7.77
Bangkok 1576.85 1542.94 2.20
Manila 7270.4 6840.64 6.28
Jakarta 5366.824 5296.711 1.32
Kuala Lumpur 1711.77 1641.73 4.27
Ho Chi Minh 706.19 664.87 6.20
(Reporting by Rushil Dutta; Editing by Subhranshu Sahu)