BANGKOK: Socks in Malaysia and Singapore suffered their worst weekly losses in five months on Friday amid rising global risk aversion and a fall in regional currencies after U.S. President Barack Obama's authorisation of air strikes in Iraq.
Malaysia's main index dropped 1.5 percent to the
lowest close since March 26, sliding 1.3 percent on the week.
Foreign investors were net sellers of shares worth 122 million
ringgit ($38 million) on Friday, stock exchange data showed.
Singapore's Straits Times Index was down 0.8
percent on the day and 1.7 percent on the week. Shares of
realtor UOL Group Ltd slipped 1.4 percent after the
company said its second-quarter net profit fell by more than
half.
Other equities markets in Southeast Asia had a mixed weekly
performance, with Indonesia and the Philippines
little changed while Vietnam rose 1.9 percent, the
region's best performer.
Thai stocks climbed 1.3 percent on the week,
recouping some of the 2.8 percent losses a week earlier. The
Thai stock market will be closed on Monday and Tuesday for a
public holiday.
SOUTHEAST ASIAN STOCK MARKETS
Change on day
Market Current Prev Close Pct Move
TR SE Asia Index* 434.64 436.93 -0.52
Singapore 3288.89 3314.22 -0.76
Kuala Lumpur 1839.87 1867.32 -1.47
Bangkok 1520.31 1522.27 -0.13
Jakarta 5053.76 5066.98 -0.26
Manila 6880.34 6955.21 -1.08
Ho Chi Minh 605.43 607.62 -0.36
Change on year
Market Current End 2013 Pct Move
TR SE Asia Index* 434.64 388.37 +11.91
Singapore 3288.89 3167.43 +3.83
Kuala Lumpur 1839.87 1866.96 -1.45
Bangkok 1520.31 1298.71 +17.06
Jakarta 5053.76 4274.18 +18.24
Manila 6880.34 5889.83 +16.82
Ho Chi Minh 605.43 504.63 +19.98
* The Thomson Reuters South East Asia Index is a
highly representative indicator of stocks listed in Indonesia,
Malaysia, the Philippines, Singapore, Thailand and Vietnam.
(1 US dollar = 3.2060 Malaysian ringgit)- Reuters
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