BANGKOK, May 22 (Reuters) - Most Southeast Asian stock
markets rose to new highs on Wednesday on light to moderate
volume and ahead of U.S. Fed Chairman Ben Bernanke's testimony
in Congress, with expectations of improved earnings forecasts
supporting Singapore shares.
Singapore's Straits Times Index was up 0.3 percent
at 3,454.37, reversing Tuesday's fall, led by a 1.8 percent gain
in Singapore Telecommunications Ltd, the top company
by value.
Jakarta's Composite Index gained 0.4 percent to
5,207.99, near its 5,214.97 record close on Monday. The
Philippine main index rose for a second day, up 0.8
percent at 7,385.07, led by conglomerate Alliance Global Group
.
The Thai SET index fell 0.7 percent to 1,631.27,
coming off its near 19-1/2-year high set on Tuesday, with
telecoms group Shin Corporation Pcl under selling
pressure after brokers said it would be removed from index
provider MSCI's addition list as part of its semi-annual index
review.
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SOUTHEAST ASIAN STOCK MARKETS
Change on day
Market Current Prev Close Pct Move
TR SE Asia Index* 448.31 448.43 -0.03
Singapore 3454.37 3443.90 +0.30
Kuala Lumpur 1783.88 1787.38 -0.20
Bangkok 1631.27 1643.43 -0.74
Jakarta 5207.99 5188.76 +0.37
Manila 7385.07 7327.58 +0.78
Ho Chi Minh 502.23 500.18 +0.41
Change on year
Market Current End prev yr Pct Move
TR SE Asia Index* 448.31 424.10 +5.71
Singapore 3454.37 3167.08 +9.07
Kuala Lumpur 1783.88 1688.95 +5.62
Bangkok 1631.27 1391.93 +17.19
Jakarta 5207.99 4316.69 +20.65
Manila 7385.07 5812.73 +27.05
Ho Chi Minh 502.23 413.73 +21.39
* 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 339,410,200 272,313,503
Kuala Lumpur 165,246,700 174,955,353
Bangkok 8,739,754 10,497,001
Jakarta 5,793,737,000 4,280,800,733
Manila 78,648 102,159
Ho Chi Minh 66,881 50,811
