JAKARTA: Thailand's stock index led Southeast Asia's falls on Monday, dropping to its lowest close since June as energy stocks dragged down the overall market due to concern over oil's decline.
Thai stocks fell more than 9 percent on Monday, before
recovering some of the losses to finish down 2.4 percent, its
lowest close since June 26.
An analyst in Bangkok said there was panic selling after the
index broke the support level of 1,500, due to falling energy
stocks, which make up 30 percent by weight.
PTT Plc, the country's largest energy company, fell
4.9 percent.
Brent crude hit a fresh five-year low close to $60 a barrel
on Monday after oil exporter group OPEC said on Sunday it will
not cut oil output despite high supply.
Malaysian stocks fell 2.1 percent, while in
Indonesia, the main stock index fell 1 percent to a
three-week low after the rupiah hit its weakest since August
1998.
The Philippines bucked the trend, rising 0.7 percent.
For Asian Companies click;
For South East Asia Hot Stock reports, click;
SOUTHEAST ASIAN STOCK MARKETS
Change on day
Market Current Prev Close Pct Move
Singapore 3294.14 3324.13 -0.90
Kuala Lumpur 1697.31 1732.99 -2.06
Bangkok 1478.49 1514.95 -2.41
Jakarta 5108.43 5160.43 -1.01
Manila 7275.62 7224.21 +0.71
Ho Chi Minh 547.93 553.93 -1.08
Change on year
Market Current End 2013 Pct Move
Singapore 3294.14 3167.43 -4.00
Kuala Lumpur 1697.31 1866.96 -9.09
Bangkok 1478.49 1298.71 +13.8
Jakarta 5108.43 4274.18 +19.5
Manila 7275.62 5889.83 +23.5
Ho Chi Minh 547.93 504.63 +8.58- Reuetrs
Limited time offer:
Just RM5 per month.
