BANGKOK: Most Southeast Asian stocks fell on Friday amid strong technical-led selling and caution over the U.S. Federal Reserve's policy outlook, but Malaysia rose for a second session on gains in banking stocks and foreign
inflows.
Malaysia's index ended up 0.5 percent at 1,801.83,
its highest close in about two months. The index gained nearly
1.8 percent on the week. Buying was most active in shares in
CIMB Group
Holdings, which rose 3.3 percent to
five-week highs.
Foreign investors bought shares worth a net 230.76 million
ringgit ($73.3 million) on Friday. They bought a net of 293.66
million ringgit of shares in the previous session, the Malaysian
bourse said.
Stocks in Indonesia and the Philippines underperformed in
the region, with Jakarta's Composite Index slipping 1.9
percent and the Philippine main index sliding 1.3
percent, both racking up gains of 4.7 percent on the week.
Jakarta and Manila led the region in a rally on Thursday
amid strong short-covering in recently battered markets after
the Fed surprised by not tapering its monetary stimulus for now.
The Thai SET index finished down 0.15 percent on the
day and a 6.1 percent rise for the week, its best since
September 2011. The bourse said foreign investors were net
buyers of 2 billion baht ($64.58 million) on Friday.
Singapore was down 0.4 percent on Friday, but
posted a weekly gain of 3.8 percent, its biggest since September
2011.
Vietnam closed up 0.2 percent after a late rebound.
It gained 0.2 percent on the week after losing 0.8 percent a
week earlier.
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SOUTHEAST ASIAN STOCK MARKETS
Change on day
Market Current Prev Close Pct Move
TR SE Asia Index* 423.28 426.91 -0.85
Singapore 3237.53 3251.78 -0.44
Kuala Lumpur 1801.83 1792.91 +0.50
Bangkok 1486.76 1489.06 -0.15
Jakarta 4583.83 4670.73 -1.86
Manila 6424.45 6511.70 -1.34
Ho Chi Minh 477.19 476.09 +0.23
Change on year
Market Current End prev yr Pct Move
TR SE Asia Index* 423.28 424.10 -0.19
Singapore 3237.53 3167.08 +2.22
Kuala Lumpur 1801.83 1688.95 +6.68
Bangkok 1486.76 1391.93 +6.81
Jakarta 4583.83 4316.69 +6.19
Manila 6424.45 5812.73 +10.52
Ho Chi Minh 477.19 413.73 +15.34
* The Thomson Reuters South East Asia Index is a
highly representative indicator of stocks listed in Indonesia,
Malaysia, the Philippines, Singapore, Thailand and Vietnam.
Stock Market Volume (shares)
Market Current Volume Average Volume 30 days
Singapore 211,632,400 272,313,503
Kuala Lumpur 180,599,400 162,917,493
Bangkok 9,819,132 8,888,068
Jakarta 4,387,711,000 4,392,590,800
Manila 128,996 90,934
Ho Chi Minh 84,264 43,759- Reuters
