SE Asia Stocks -Most weaker; Indonesia retreats from record high
BANGKOK, Jan 26 (Reuters) - Southeast Asian stock markets
mostly fell on Monday, with the Indonesian benchmark retreating
from the previous session's record closing high amid
profit-taking, while shares of Thai Airways International
underperformed on the Bangkok bourse.
Jakarta's composite index closed down 1.2 percent at
5,260.02 from Friday's record closing high of 5,323.89. Selling
hit recent gainers such as Bank Mandiri and Unilever
Indonesia.
In Bangkok, shares of national carrier Thai Airways dropped
5.1 percent amid concerns about its finances, traders said.
Thailand's military-led government has approved a
restructuring plan for Thai Airways in a bid to restore
profitability to the national carrier's operations, a senior
government official said on Monday.
The broader SET index fell 0.6 percent, erasing
early gains.
Shares of Bank of Ayudhya, which led the index
higher in early trade, finished 13.8 percent lower after the
bank denied a report about acquisition of additional BAY shares
by major shareholder Japan's Mitsubishi UFJ Financial Group
(MUFG) and delisting from the exchange.
Stocks in Singapore and Malaysia ended
lower after last week's rallies, with other markets trimming
gains as global markets turned cautious after Greece's Syriza
party promised to roll back austerity measures after its victory
in a snap election.
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SOUTHEAST ASIAN STOCK MARKETS
Change on day
Market Current Prev Close Pct Move
Singapore 3398.52 3411.50 -0.38
Kuala Lumpur 1796.44 1803.08 -0.37
Bangkok 1588.31 1598.33 -0.63
Jakarta 5260.02 5323.89 -1.20
Manila 7586.67 7548.93 +0.50
Ho Chi Minh 580.64 582.38 -0.30
Change on year
Market Current End 2014 Pct Move
Singapore 3398.52 3365.15 +0.99
Kuala Lumpur 1796.44 1761.25 +2.00
Bangkok 1588.31 1497.67 +6.05
Jakarta 5260.02 5226.95 +0.63
Manila 7586.67 7230.57 +4.92
Ho Chi Minh 580.64 545.63 +6.42
(Reporting by Viparat Jantraprap; Editing by Anupama Dwivedi)