Advertisement
Singapore markets closed
  • Straits Times Index

    3,224.01
    -27.70 (-0.85%)
     
  • Nikkei

    40,369.44
    +201.37 (+0.50%)
     
  • Hang Seng

    16,541.42
    +148.58 (+0.91%)
     
  • FTSE 100

    7,952.62
    +20.64 (+0.26%)
     
  • Bitcoin USD

    70,403.83
    -665.82 (-0.94%)
     
  • CMC Crypto 200

    885.54
    0.00 (0.00%)
     
  • S&P 500

    5,254.35
    +5.86 (+0.11%)
     
  • Dow

    39,807.37
    +47.29 (+0.12%)
     
  • Nasdaq

    16,379.46
    -20.06 (-0.12%)
     
  • Gold

    2,254.80
    +16.40 (+0.73%)
     
  • Crude Oil

    83.11
    -0.06 (-0.07%)
     
  • 10-Yr Bond

    4.2060
    +0.0100 (+0.24%)
     
  • FTSE Bursa Malaysia

    1,536.07
    +5.47 (+0.36%)
     
  • Jakarta Composite Index

    7,288.81
    -21.28 (-0.29%)
     
  • PSE Index

    6,903.53
    +5.36 (+0.08%)
     

SE Asia Stocks-Philippines, Thailand set fresh records; Vietnam falls

By Devika Syamnath

Jan 16 (Reuters) - Philippine and Thai shares climbed to

all-time highs on Tuesday, while most other Southeast Asian

stock markets trod water in line with broader Asia as caution

set in after the previous session's record-setting gains.

The Philippine index rose as much as 1 percent to an

all-time high of 8,946.01 and was on track for its third

straight winning session.

Industrial and real estate stocks led the gains, with

heavyweight SM Investments Corp gaining as much as 1.2

percent and JG Summit Holdings up 2.7 percent.

Typical market strength in the first month of the year and

positive data suggest the Philippine market may gain another 100

ADVERTISEMENT

points, said Eagle Equities President Joseph Roxas.

Robust investment inflows and trade deficit data reported

last week signalled strength in the Philippine economy, while

data released on Monday showed a 2 percent rise in November

remittances from overseas Filipinos, a key driver of economic

growth.

Thai shares rose as much as 0.5 percent to a record

1,831.45 mark, on track for a fourth straight gaining session,

helped higher by energy and financial stocks.

Brent crude prices were settling in around $70 per barrel,

levels last seen before the start of an oil market slump in late

2014.

Oil and gas firm PTT rose 2 percent to a record

while Bank of Ayudhya soared as much as 8.2 percent.

However, trade in most other markets in the region were

muted, with MSCI's broadest index of Asia-Pacific shares outside

Japan up 0.4 percent after having hit an

all-time peak on Monday.

Investors are awaiting key U.S. earnings and Wednesday's

interest rate decision from the Bank of China, OCBC Treasury

Research said in a note.

Indonesian shares firmed as much as 0.4 percent on

strength in consumer staple stocks.

Consumer goods manufacturer Unilever Indonesia and

telecom Telekomunikasi Indonesia climbed 0.7 percent

each and led the gainers.

Singapore stocks fell as much as 0.3 percent in early

trade before reversing the losses as gains in real estate offset

losses in the financials and telecom stocks.

The city-state's biggest banks, DBS Group Holdings

and United Overseas Bank, lost as much as 0.6 percent

each, while CapitaLand Commercial Trust gained 1

percent.

Vietnam shares fell as much as 1 percent, on course

to break a six-session gaining run, while Malaysia shed

0.4 percent.

For Asian Companies click;

SOUTHEAST ASIAN STOCK MARKETS AS AT 0419 GMT

Change on the

day

Market Current Previous Pct Move

close

Singapore 3538.4 3536.41 0.06

Bangkok 1830.43 1822.66 0.43

Manila 8939.09 8857.72 0.92

Jakarta 6407.581 6382.195 0.40

Kuala Lumpur 1821.77 1825.91 -0.23

Ho Chi Minh 1057.64 1063.47 -0.55

Change on year

Market Current End 2017 Pct Move

Singapore 3538.4 3402.92 3.98

Bangkok 1830.43 1753.71 4.37

Manila 8939.09 8558.42 4.45

Jakarta 6407.581 6355.654 0.82

Kuala Lumpur 1821.77 1796.81 1.39

Ho Chi Minh 1057.64 984.24 7.46

(Reporting by Devika Syamnath in Bengaluru; Editing by Amrutha

Gayathri)