Advertisement
Singapore markets open in 5 hours 37 minutes
  • Straits Times Index

    3,187.66
    +32.97 (+1.05%)
     
  • S&P 500

    5,009.42
    -12.79 (-0.25%)
     
  • Dow

    37,763.71
    +10.40 (+0.03%)
     
  • Nasdaq

    15,607.31
    -76.07 (-0.49%)
     
  • Bitcoin USD

    63,254.92
    +2,116.48 (+3.46%)
     
  • CMC Crypto 200

    885.54
    0.00 (0.00%)
     
  • FTSE 100

    7,877.05
    +29.06 (+0.37%)
     
  • Gold

    2,399.40
    +11.00 (+0.46%)
     
  • Crude Oil

    82.69
    0.00 (0.00%)
     
  • 10-Yr Bond

    4.6470
    +0.0620 (+1.35%)
     
  • Nikkei

    38,079.70
    +117.90 (+0.31%)
     
  • Hang Seng

    16,385.87
    +134.03 (+0.82%)
     
  • FTSE Bursa Malaysia

    1,544.76
    +4.34 (+0.28%)
     
  • Jakarta Composite Index

    7,166.81
    -7,130.84 (-49.87%)
     
  • PSE Index

    6,523.19
    +73.15 (+1.13%)
     

SE Asia Stocks-Extend recovery on Wall Street gain, bargain-hunting

* Vietnam top gainer

* Singapore, Indonesia up over 1 pct each

By Christina Martin

Feb 13 (Reuters) - Southeast Asian stock markets edged

higher on Tuesday tracking Wall Street which extended gains

after its worst week in two years and as bargain hunters stepped

in to buy battered down stocks.

Wall Street's three major indexes rebounded on Monday with

broad-based gains, while MSCI's broadest index of Asia-Pacific

shares outside Japan was up more than 1 percent.

"Asian markets are taking their cue from the U.S. markets

which closed higher yesterday," said Jinshu Liu, director of

research at NRA Capital Pte Ltd, Singapore.

ADVERTISEMENT

"The rebound looks opportune after last week's heavy

sell-off which is probably attracting bargain hunters right

now."

Singapore shares rose as much as 1.6 percent, with

financials and industrials accounting for most of the gains,

making it one of the best performers in the region.

Oversea-Chinese Banking Corporation Ltd added as

much as nearly 4 percent, its steepest intraday gain since June

2016, while Keppel Corporation Ltd gained as much as

over 2 percent.

The top gainer on Singapore's benchmark index was United

Overseas Bank Ltd which rose as much as 3.6 percent,

its biggest intraday percentage gain in over nine months.

Vietnam jumped as much as 1.7 percent to over a

one-week high and was on track for a second straight session of

gains, boosted by financial and utility stocks.

Joint Stock Commercial Bank for Investment and Development

of Vietnam rose as much as 5.6 percent to its highest

in almost two weeks while oil and gas refining business

Petrovietnam Gas Joint Stock Corp added as much as 5.3

percent.

Indonesian shares climbed as much as 1.1 percent to

a one-week high, as financials, telecoms and energy stocks

pushed the index higher.

An index of the country's most liquid stocks edged

up over 1 percent.

Thai shares scaled up as much as 0.4 percent to more

than a one-week high, with gains spread across all sectors,

while Malaysia was flat.

Philippine shares snapped three straight sessions of

losses and bounced up as much as 0.6 percent, helped by

industrials and financials.

Aboitiz Equity Ventures Inc gained nearly 2

percent, making it the top performer on the main index.

For Asian Companies click;

SOUTHEAST ASIAN STOCK MARKETS; Change at 0402 GMT

Change on the day

Market Current Previous close Pct Move

Singapore 3433.73 3384.98 1.44

Bangkok 1802.23 1799.45 0.15

Manila 8494.19 8487.91 0.07

Jakarta 6590.764 6523.454 1.03

Kuala Lumpur 1832.03 1830.17 0.10

Ho Chi Minh 1057.66 1041.79 1.52

Change on year

Market Current End 2017 Pct Move

Singapore 3433.73 3402.92 0.91

Bangkok 1802.23 1753.71 2.77

Manila 8494.19 8558.42 -0.75

Jakarta 6590.764 6355.654 3.70

Kuala Lumpur 1832.03 1796.81 1.96

Ho Chi Minh 1057.66 984.24 7.46

(Reporting by Christina Martin in Bengaluru; Editing by Vyas

Mohan)