BANGKOK: Thai stocks recouped early losses in thin trade on Wednesday as retail investors bought
shares, while other Southeast Asian stock markets fell as expectations about an early interest rate hike in the United States unnerved investors in Asia.
The Thai SET index ended the day up 0.2 percent
after falling at one point to a near two-week low.
Retail investors bought shares worth a net 2.1 billion baht
($62 million), countering selling led by foreign investors and
domestic institutions, stock exchange data showed.
Asphalt maker Tipco Asphalt Pcl rose 1.8 percent
as the government's infrastructure spending plan, including a
$12 billion railway project approved by the cabinet on Tuesday,
lifted the outlook of the construction industry.
About 5.5 million shares changed hands, which was only 73
percent of the 30-day average. Brokers said the low market
conviction also reflected caution ahead of manufacturing output
data on Thursday.
Indexes in the Philippines and Malaysia both
fell for a fifth straight day, with net foreign outflows worth a
net 1.3 billion peso ($29 million) and 120 million ringgit ($33
million), respectively, stock exchange data showed.
SOUTHEAST ASIAN STOCK MARKETS
Change on day
Market Current Prev Close Pct Move
Singapore 3424.94 3459.98 -1.01
Kuala Lumpur 1755.05 1764.07 -0.51
Bangkok 1500.84 1497.98 +0.19
Jakarta 5253.39 5320.90 -1.27
Manila 7598.70 7728.50 -1.68
Ho Chi Minh 566.48 567.20 -0.13
Change on year
Market Current End 2014 Pct Move
Singapore 3424.94 3365.15 +1.78
Kuala Lumpur 1755.05 1761.25 -0.35
Bangkok 1500.84 1497.67 +0.21
Jakarta 5253.39 5226.95 +0.51
Manila 7598.70 7230.57 +5.09
Ho Chi Minh 566.48 545.63 +3.82
($1 = 44.7000 Philippine pesos)
($1 = 3.6350 ringgit)
($1 = 33.8600 baht)
- Reuters
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