BANGKOK: Indonesian shares posted their biggest loss in almost two months on Thursday as investors sold off large-caps while Thai shares fell for a third day as concerns about a sooner-than-expected rise in U.S. interest rates triggered selling across the region.
Jakarta's Composite Index ended down 2.5 percent,
its worst one-day fall since Jan. 27. The Top 45 large-cap
stocks fell 3.3 percent, with the biggest losers
including Bank Danamon and developer Summarecon Agung .
Optimism over Indonesia's election this year has bolstered
sentiment in the share market. The sell-offs trimmed its
year-to-date gain in U.S. dollar terms to 18.2 percent, but
still retained its position as Asia's second best performer so
far this year.
The Thai SET index fell 0.2 percent to its lowest
close in more than one week, led by a 5 percent drop in shares
of Charoen Pokphand Foods, partly due to profit-taking.
Foreign investors were net sellers of Thai shares for the
first time in three sessions. The lifting of the emergency
decree in Bangkok has attracted foreign buying over the past two
sessions.
Malaysia closed nearly unchanged, reporting a net
foreign selling of 143.5 million ringgit ($43.78 million)
SOUTHEAST ASIAN STOCK MARKETS
Change on day
Market Current Prev Close Pct Move
TR SE Asia Index* 399.33 405.92 -1.62
Singapore 3057.20 3080.75 -0.76
Kuala Lumpur 1818.17 1817.44 +0.04
Bangkok 1361.47 1364.27 -0.21
Jakarta 4698.98 4821.46 -2.54
Manila 6417.35 6462.49 -0.70
Ho Chi Minh 600.26 605.59 -0.88
Change on year
Market Current End 2013 Pct Move
TR SE Asia Index* 399.33 388.37 +2.82
Singapore 3057.20 3167.43 -3.48
Kuala Lumpur 1818.17 1866.96 -2.61
Bangkok 1361.47 1298.71 +4.83
Jakarta 4698.98 4274.18 +9.94
Manila 6417.35 5889.83 +8.96
Ho Chi Minh 600.26 504.63 +18.95
* The Thomson Reuters South East Asia Index is a
highly representative indicator of stocks listed in Indonesia,
Malaysia, the Philippines, Singapore, Thailand and Vietnam.
($1 = 3.2775 Malaysian ringgit)
- Reuters
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