BANGKOK, May 17 (Reuters) - Thai shares gained on Friday,
led by gains in Shin Corp and Minor International
that will be added to the MSCI index, but Singapore
retreated as Singapore Airlines fell after posting
weak results.
The Thai SET index ended up 0.62 percent at 1,627.96
as shares in telecom group Shin Corp and hotel firm Minor
International both rose more than 7 percent.
Maybank Kim Eng Securities said in a report it expected Shin
Corp shares to outperform the market for the rest of the year
after it is added to the MSCI Global Standard, and foreign
investors will likely accumulate more Shin Corp shares.
MSCI announced the results of its index review on May 15,
with the changes to be implemented after the close on May 31.
Indonesia stocks closed 1.32 percent higher at
5,145.68, boosted by the consumer sector, which was up
5.22 percent. State-owned pharmaceutical companies Indofarma
and Kimia Farma rose 11.5 percent and 7.4
percent, respectively.
Profit-taking weighed on markets across the region, with the
Philippines main index down 0.42 percent at 7,279.87.
Shares in conglomerate Metro Pacific Investments Corp
dropped 0.49 percent, reversing Thursday's 2.3 percent
gain after the company announced its inclusion in the MSCI
Global Standard Indices, with effect from May 31.
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SOUTHEAST ASIAN STOCK MARKETS
Change on day
Market Current Prev Close Pct Move
TR SE Asia Index* 449.02 446.30 +0.61
Singapore 3449.30 3452.28 -0.09
Kuala Lumpur 1769.16 1766.72 +0.14
Bangkok 1627.96 1617.89 +0.62
Jakarta 5145.68 5078.68 +1.32
Manila 7279.87 7310.94 -0.42
Ho Chi Minh 487.60 490.34 -0.56
Change on year
Market Current End prev yr Pct Move
TR SE Asia Index* 449.02 424.10 +5.88
Singapore 3449.30 3167.08 +8.91
Kuala Lumpur 1769.16 1688.95 +4.75
Bangkok 1627.96 1391.93 +16.96
Jakarta 5145.68 4316.69 +19.20
Manila 7279.87 5812.73 +25.24
Ho Chi Minh 487.60 413.73 +17.85
* The Thomson Reuters South East Asia Index is a
highly representative indicator of stocks listed in Indonesia,
Malaysia, the Philippines, Singapore, Thailand and Vietnam.
