SE Asia Stocks - Most higher amid inflows; Indonesia ends losing streak
BANGKOK, Aug 27 (Reuters) - Most Southeast Asian stock
markets gained on Wednesday in line with others in Asia, with
Indonesia snapping three days of falls aided by bargain-hunting,
but shares of coal miner PT Bumi Resources Tbk came
under selling pressure.
Jakarta's Composite Index finished up 0.4 percent,
recovering from a combined 1.2 percent loss over the past three
sessions, amid selective buying in recently beaten-down stocks
such as Bank Rakyat Indonesia.
Among underperformers, Bumi Resources dropped 2.1 percent
after a report that Indonesia may revoke the contracts of 17
coal miners that owe royalties to the government, including PT
Arutmin Indonesia, a unit of PT Bumi Resources Tbk.
The region brought in foreign inflows amid positive
sentiment in Asia, including Malaysia's 157.61 million
ringgit($50 million) worth of net foreign buying and Thailand's
419 million baht ($13.13 million), stock exchange data showed.
The Philippine stock market posted a net foreign
inflow of 1.2 billion peso ($27.48 million), mainly from strong
inflows into shares of Philippine Long Distance Telephone
, stock exchange data showed.
The euro was cracking under pressure on Wednesday as
feverish speculation of further policy stimulus in the euro zone
drove bond yields to all-time lows and lifted Asian stocks to
peaks not seen in almost seven years.
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SOUTHEAST ASIAN STOCK MARKETS
Change on day
Market Current Prev Close Pct Move
TR SE Asia Index* 447.27 444.82 +0.55
Singapore 3341.46 3323.02 +0.55
Kuala Lumpur 1872.38 1861.82 +0.57
Bangkok 1564.58 1560.17 +0.28
Jakarta 5165.25 5146.55 +0.36
Manila 7160.46 7146.35 +0.20
Ho Chi Minh 628.77 629.06 -0.05
Change on year
Market Current End 2013 Pct Move
TR SE Asia Index* 447.27 388.37 +15.17
Singapore 3341.46 3167.43 +5.49
Kuala Lumpur 1872.38 1866.96 +0.29
Bangkok 1564.58 1298.71 +20.47
Jakarta 5165.25 4274.18 +20.85
Manila 7160.46 5889.83 +21.57
Ho Chi Minh 628.77 504.63 +24.60
* The Thomson Reuters South East Asia Index is a
highly representative indicator of stocks listed in Indonesia,
Malaysia, the Philippines, Singapore, Thailand and Vietnam.
(1 US dollar = 3.1465 Malaysian ringgit)
(1 US dollar = 43.6630 Philippine peso)
(1 US dollar = 31.9100 Thai baht)
(Reporting by Viparat Jantraprap; Editing by Sunil Nair)