SE Asia Stocks-Mixed; Thai stocks fall amid farmer protests
BANGKOK, Feb 10 (Reuters) - Singapore stocks pared losses to
rise on Monday as active buying in midcaps such as Genting
Singapore outweighed concerns about a proposed reform
of market rules, while Thai shares retreated as protests by rice
farmers added to the political uncertainty.
Singapore's main index ended up 0.1 percent at
3,017.20, bouncing off the day's low of 3,003.48. Genting
Singapore rose 1.8 percent and was the top percentage gainer,
buoyed by a brokerage upgrade and its plan to develop a $2.2
billion casino resort in South Korea.
Shares of bourse operator Singapore Exchange fell
1 percent, the biggest percentage loser on the benchmark, as the
proposed market reforms, released late on Friday, worried
investors of a possible fall in trading volumes.
The Thai SET index closed 0.5 percent lower from a
two-week closing high of 1,296.49 in the previous session, amid
political problems and technical-led selling around 1,300 level,
brokers said.
More than 1,000 farmers protested outside the Thai
government's temporary headquarters on Monday over the state's
failure to pay for rice bought under a subsidy scheme that the
caretaker administration admits it is struggling to
fund.
Indonesian shares ended 0.4 percent lower, dragged
down by late selling as investors trimmed risk positions ahead
of Bank Indonesia's interest rate review later in the week.
Jakarta rallied last week, helped by a set of favourable
economic data.
Malaysia rose 0.4 percent as local institutions led
buyers, while the Philippines was up 0.5 percent, with
foreign investors buying a net 43.6 million peso ($969,000),
stock exchange data showed.
Vietnam's benchmark VN Index climbed 1.12 percent as
investors picked up blue chips that fell over the past few
sessions.
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SOUTHEAST ASIAN STOCK MARKETS
Change on day
Market Current Prev Close Pct Move
TR SE Asia Index* 381.75 381.62 +0.03
Singapore 3017.20 3013.14 +0.13
Kuala Lumpur 1816.14 1808.59 +0.42
Bangkok 1290.66 1296.49 -0.45
Jakarta 4450.75 4466.67 -0.36
Manila 6042.25 6011.14 +0.52
Ho Chi Minh 555.90 549.76 +1.12
Change on year
Market Current End 2013 Pct Move
TR SE Asia Index* 381.75 388.37 -1.70
Singapore 3017.20 3167.43 -4.74
Kuala Lumpur 1816.14 1866.96 -2.72
Bangkok 1290.66 1298.71 -0.62
Jakarta 4450.78 4274.18 +4.13
Manila 6042.25 5889.83 +2.59
Ho Chi Minh 555.90 504.63 +10.16
* 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 198,728,300 184,142,673
Kuala Lumpur 118,516,100 119,982,023
Bangkok 4,227,391 4,723,190
Jakarta 3,690,606,500 2,796,345,300
Manila 76,107 70,204
Ho Chi Minh 110,187 90,400