BANGKOK: Most Southeast Asian stock markets fell on Monday, in line with weak local currencies, as expectations of the U.S. Fed's lift off in December and China's weak exports data hit risk appetite.
The Thai key stock index was down 0.9 percent at 1,402.57, the lowest close since Oct. 30. Top losers included PTT Global Chemical, down 2.7 percent, after it posted a weaker-than-expected quarterly profits.
Any slide in Thai stocks in coming weeks is likely to attract more investors of long term equity funds (LTFs) and retirement mutual funds (RMFS), brokers said.
Demand for the funds often increases towards the end of the year due to tax incentives.
Domestic-led selling sent Indonesian's index down 1.5 percent and the Philippine index 0.7 percent lower.
Indonesia saw a net inflow of 87 billion rupiah ($6.38
million) while the Philippines had a net 66 million pesos ($1.40
million) worth of inflows, stock exchange data showed.
Most emerging Asian currencies slid on Monday amid strength
in the U.S. dollar.
Vietnam closed down 0.3 percent, led by energy firms
while volume reached a one-week high
Singapore fell 0.4 percent while Malaysia was
little changed. Both markets will be closed on Tuesday for a
holiday.
SOUTHEAST ASIAN STOCK MARKETS
Change on day
Market Current Prev Close Pct Move
Singapore 2997.72 3010.47 -0.42
Kuala Lumpur 1686.11 1685.70 +0.02
Bangkok 1402.57 1414.54 -0.85
Jakarta 4499.51 4566.55 -1.47
Manila 7070.19 7118.20 -0.67
Ho Chi Minh 610.66 612.36 -0.28
Change on year
Market Current End 2014 Pct Move
Singapore 2997.72 3365.15 -10.92
Kuala Lumpur 1686.11 1761.25 -4.27
Bangkok 1402.57 1497.67 -6.35
Jakarta 4499.51 5226.95 -13.92
Manila 7070.19 7230.57 -2.22
Ho Chi Minh 610.66 545.63 +11.92
($1 = 13,645.0000 rupiah)
($1 = 47.1750 Philippine pesos)
($1 = 35.9400 baht)
- Reuters
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