BANGKOK: Malaysia's key index hit a more than two-week high on Friday, marking the best weekly gain in 19 months, as inflows from domestic institutions lifted large caps while the Thai benchmark rebounded after late buying in dividend-yielding stocks.
Malaysia's FTSE Bursa Malaysia KLCI index rose 0.8
percent to 1,764.44, the highest close since Dec. 10, with
shares of Public Bank up 3.1 percent, the top gainer
on the index and among actively-traded stocks by turnover.
The key index notched up a 2.8 percent gain on the week, the
biggest since the week ended May 10, 2013.
Domestic institutions bought shares worth a net 80.6 million
ringgit ($23.10 million) while foreign and local investors were
net sellers, stock exchange data showed.
Thai SET index edged up 0.4 percent, trimming losses
on the week to 0.3 percent, its third straight week of declines,
led by shares of dividend yielding telecoms such as Advanced
Info Service and Intuch Holdings.
Singapore was among outperformers on the week, with the key
Straits Times Index 2.3 percent, ending three
consecutive weeks of losses.
The Indonesia and Philippine markets were
shut on Friday, with trading set to resume Monday.
SOUTHEAST ASIAN STOCK MARKETS
Change on day
Market Current Prev Close Pct Move
Singapore 3353.68 3345.91 +0.23
Kuala Lumpur 1764.44 1749.74 +0.84
Bangkok 1510.41 1504.89 +0.37
Ho Chi Minh 533.37 532.01 +0.26
Change on year
Market Current End 2013 Pct Move
Singapore 3353.68 3167.43 +5.88
Kuala Lumpur 1764.44 1866.96 -5.49
Bangkok 1510.41 1298.71 +16.06
Jakarta -- 4274.18 +20.89
Manila -- 5889.83 +22.01
Ho Chi Minh 533.37 504.63 +5.70
($1 = 3.4890 ringgit)
- Reuters
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