Feb 20 Most Southeast Asian stock markets edged
up in thin trade on Monday, mirroring mild gains in Asian
shares, with investors cautious in the absence of firm triggers
ahead of a busy week for U.S. Federal Reserve events.
On the interest rates front, no less than five heads of
regional Federal Reserve banks are due to speak this week while
Fed Board Governor Jerome Powell appears on Wednesday, when
minutes of the last policy meeting are also due.
Separately, in a speech in Singapore on Monday, Cleveland
Federal Reserve President Loretta Mester said she would be
comfortable raising interest rates at this point if the economy
maintained its current pace of performance.
Philippine shares rose 0.5 percent as investors
hunted for bargains, with total volumes at about 73 percent of
their 30-day average.
State-owned PTT Exploration and Production PCL
ended 2.2 percent higher, while Thai Oil PCL was up 1.3
Foreign investors net sold 393.8 million pesos ($7.82
million) worth of shares.
The Philippine peso earlier slipped to its lowest
level in over a decade, undermining dollar-based returns for
In Thailand, the key SET index crept higher, helped
by energy and basic materials stocks, which benefited as the
The index, which opened about 0.2 percent higher, quickly
lost all gains to trade lower for most of the session after the
country's planning agency reported poor economic data for the
fourth quarter. [
Indonesian shares finished 0.2 percent higher, led
by energy and consumer cyclical stocks.
Automotive business Astra International was up 0.6
percent, while United Tractors and Adaro Energy
added more than 2 percent each.
Singapore shares however fell 0.4 percent, with
industrials such as Jardine Matheson Holdings dropping
Financial firms DBS Group and United Overseas Bank
shed 0.5 percent and 0.3 percent, respectively.
MSCI's broadest index of Asia-Pacific shares outside Japan
was up 0.2 percent as of 1031 GMT.
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SOUTHEAST ASIAN STOCK MARKETS: Change on day
Market Current Previous Pct Move
Singapore 3096.69 3107.65 -0.35
Bangkok 1578.47 1577.84 0.04
Manila 7281.19 7244.79 0.50
Jakarta 5359.288 5350.932 0.16
Kuala Lumpur 1712.58 1707.68 0.29
Ho Chi Minh 710.59 707.83 0.39
Change on year
Market Current End 2016 Pct Move
Singapore 3096.69 2880.76 7.50
Bangkok 1578.47 1542.94 2.30
Manila 7281.19 6840.64 6.40
Jakarta 5359.288 5296.711 1.18
Kuala Lumpur 1712.58 1641.73 4.32
Ho Chi Minh 710.59 664.87 6.90
($1 = 50.3780 Philippine pesos)
(Reporting by Rushil Dutta; Editing by Biju Dwarakanath)