BANGKOK: The key Thai stock index hit a near 6-week closing low on Tuesday as index heavyweight PTT traded ex-dividend while the Philippine main index came off highs after Philippine Long Distance Telephone (PLDT) retreated after a weak earnings guidance.
Thai benchmark SET index dropped 1.2 percent to
1,562.84, the lowest close since Jan. 22. PTT shares, the
biggest by market value, closed down 2.9 percent.
Investors trimmed their risk holdings ahead of a market
holiday on Wednesday. Selling hit recent gainers such as
telecoms firm Jasmine International Pcl, among high
dividend yielding stocks.
The Philippine main index erased most of its early
gains to end 0.03 percent higher.
PLDT shares, the second biggest firm by value, edged down
0.06 percent after rising in early trade after it forecast 2015
net profit to fall for the third consecutive year.
The Jakarta composite index eased 0.06 percent from
Monday's record closing high of 5,477.83. Large cap banks such
as Bank Mandiri and Bank Rakyat Indonesia
fell amid selling by domestic investors, stock exchange data
showed.
Stocks in Singapore, Malaysia and Vietnam
rose amid early positive sentiment in Asia.
SOUTHEAST ASIAN STOCK MARKETS
Change on day
Market Current Prev Close Pct Move
Singapore 3422.11 3403.89 +0.54
Kuala Lumpur 1821.25 1817.13 +0.23
Bangkok 1562.84 1582.14 -1.22
Jakarta 5474.62 5477.83 -0.06
Manila 7776.51 7773.92 +0.03
Ho Chi Minh 596.72 590.73 +1.01
Change on year
Market Current End 2014 Pct Move
Singapore 3422.11 3365.15 +1.69
Kuala Lumpur 1821.25 1761.25 +3.41
Bangkok 1562.84 1497.67 +4.35
Jakarta 5474.62 5226.95 +4.74
Manila 7776.51 7230.57 +7.55
Ho Chi Minh 596.72 545.63 +9.36
- Reuters
Already a subscriber? Log in.
Limited time offer:
Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!