SE Asia Stocks-Mixed; Chinese growth concerns weigh; Jakarta, S'pore down
Jan 24 (Reuters) - Stocks in Indonesia and Singapore fell on
Friday as disappointing Chinese manufacturing data and the
possibility of the U.S. Federal Reserve further trimming its
bond buying next week hit sentiment.
However, Thai shares gained after political unrest eased in
the capital.
The Jakarta Composite Index lost 1.3 percent, led by
financials and hurt by a weaker rupiah.
The index fell from a near three-month high hit in the
previous session, after having gained 1.9 percent in the four
straight sessions until Thursday. The rupiah slid as much as 0.7
percent in early trade.
Cautious investors are awaiting directions from the Fed,
which some market players expect to further trim its bond buying
next week even as Chinese manufacturing data pointed to a mild
slowdown in the new year.
Singapore eased 0.8 percent to a near five-week
low. The index fell 2.27 percent on week, its worst weekly
performance in the last 22 straight weeks, Thomson Reuters data
showed.
Singapore conglomerate Keppel Corp fell 1.8
percent on Friday, a day after it posted a 26 percent decline in
2013 net profit.
Singapore shares have been the worst performers this week
followed by Malaysia and Thailand. Malaysia ended down
0.3 percent to a more than five-week low with a foreign outflow
of 56.33 million on Friday
However, Thai shares bucked the trend, rising 0.5
percent after Bangkok returned to calm after weeks of political
unrest, extending the week's net gain to 1.5 percent.
Foreign investors sold only $4.87 million worth Thai share,
after buying a net $56.55 million worth of stocks on Thursday.
Bangkok suffered a $221.4 million outflow in seven straight
sessions through Wednesday.
The Philippine share index, the best performer for
the week, closed up 0.4 percent, while Vietnam gained 1.2
percent as foreign investors stepped up buying, boosting some
blue chips and propping up the market as domestic traders sold
shares ahead of a long holiday.
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SOUTHEAST ASIAN STOCK MARKETS
Change on day
Market Current Prev Close Pct Move
TR SE Asia Index* 383.56 385.41 -0.48
Singapore 3075.99 3100.24 -0.78
Kuala Lumpur 1802.57 1808.31 -0.32
Bangkok 1314.63 1308.34 +0.48
Jakarta 4437.34 4496.04 -1.31
Manila 6191.50 6170.05 +0.35
Ho Chi Minh 5560.19 553.55 +1.20
Change on year
Market Current End 2013 Pct Move
TR SE Asia Index* 383.56 388.37 -1.24
Singapore 3075.99 3167.43 -2.89
Kuala Lumpur 1802.57 1866.96 -3.45
Bangkok 1314.63 1298.71 +1.23
Jakarta 4437.34 4274.18 +3.82
Manila 6191.50 5889.83 +5.12
Ho Chi Minh 560.19 504.63 +11.01
* 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 236,024,500 170,420,877
Kuala Lumpur 163,902,800 108,684,303
Bangkok 4,626,810 4,830,736
Jakarta 2,406,845,000 2,914,909,307
Manila 88,619 68,817
Ho Chi Minh 88,006 87,545