SE Asia Stocks - Thai trims gains; Bank Mandiri leads Indonesia decline
BANGKOK, Jan 12 (Reuters) - Thai stocks edged higher on
Monday, helped by selective buying in a results season, but
large-cap energy stocks fell as declining oil prices dented
earnings prospects.
Most other markets in Southeast Asia ended little-changed to
weaker, with the Indonesian index snapping a three-day
winning streak and the Philippines also retreating.
The Thai benchmark SET index closed up 0.12 percent
at 1,531.21, coming off an intraday high of 1,538.93. TMB Bank
rose almost 3 percent on expectations of good quarterly
earnings.
Thai banks are due to report their quarterly results from
this week.
PTT, the country's biggest energy firm, fell 1.5
percent to a low of 333 baht, while PTT Global Chemical
slipped 1.8 percent.
The Jakarta composite index finished 0.6 percent
down at 5,187.93, its lowest close in nearly one week.
State-owned Bank Mandiri dropped 2.7 percent, its
biggest single-day fall since Dec. 16. The bank will increase
its capital by 9 trillion rupiah ($714.6 million), state
enterprises minister Rini Soemarno said.
The Philippine main index retreated from a record
close on Friday as domestic investors cashed out from recent
gainers such as Metropolitan Bank & Trust, stock
exchange data showed.
The Philippine bourse reported net foreign inflows of 13.5
billion pesos ($300.5 million), mainly due to a series of block
sales involving Ayala Land Inc, which raised about $357
million from a top-up share placement.
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SOUTHEAST ASIAN STOCK MARKETS
Change on day
Market Current Prev Close Pct Move
Singapore 3344.89 3338.44 +0.19
Kuala Lumpur 1735.08 1732.44 +0.15
Bangkok 1531.21 1529.42 +0.12
Jakarta 5187.93 5216.67 -0.55
Manila 7358.36 7402.72 -0.60
Ho Chi Minh 574.32 569.73 +0.81
Change on year
Market Current End 2014 Pct Move
Singapore 3344.89 3365.15 -0.60
Kuala Lumpur 1735.08 1761.25 -1.49
Bangkok 1531.21 1497.67 +2.24
Jakarta 5187.93 5226.95 -0.75
Manila 7358.36 7230.57 +1.77
Ho Chi Minh 574.32 545.63 +5.26
($1 = 44.9230 Philippine pesos)
(Reporting by Viparat Jantraprap; Additional reporting by Erik
dela Cruz in Manila; Editing by Prateek Chatterjee)