April 21 (Reuters) - Southeast Asian stock markets ended
higher on Friday as risk sentiment received a boost from a Wall
Street rally on hopes of strong earnings and a U.S. tax reform,
and a mild recovery in commodity prices.
The Indonesian benchmark index rose 1.2 percent, its
biggest intraday gain since mid-March, bringing the weekly gain
to 0.9 percent.
The session's gains were concentrated in telecom and
consumer stocks, with conglomerate Astra International Tbk PT
gaining 6.7 percent.
Southeast Asian stocks reflected broader Asian sentiment
, as investors were unfazed by a U.S. trade probe
on Chinese steel exports, with Asian steelmakers mostly steady
Analysts also ascribed the session's gains to lessened
apprehensions around the first round of French Presidential
elections this weekend.
French centrist Emmanuel Macron is set to come out on top on
Sunday as far right leader Marine Le Pen fell further behind
him, a poll showed.
Malaysia gained 0.8 percent, bringing the week's
gains to 1.5 percent, helping it post its best weekly
performance since mid-March.
The day's gains were driven by financials and consumer
shares, with Malayan Banking adding 3.5 percent.
Philippine and Thai shares added about 0.2
percent each, but lost 0.7 percent and 1.2 percent,
respectively, on the week.
Vietnam shares ended little changed.
Indonesian markets will remain closed on Monday for a public
holiday, while Malaysia markets will be closed for a holiday
marking the installation of the new King.
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SOUTHEAST ASIAN STOCK MARKETS
Change on day
Market Current Previous Close Pct Move
Singapore 3139.83 3137.88 0.06
Bangkok 1570.02 1566.28 0.24
Manila 7578.16 7563.45 0.19
Jakarta 5664.475 5595.306 1.24
Kuala Lumpur 1756.05 1741.61 0.83
Ho Chi Minh 712.41 712.66 -0.04
Change on year
Market Current End 2016 Pct Move
Singapore 3139.83 2880.76 8.99
Bangkok 1570.02 1542.94 1.76
Manila 7578.16 6840.64 10.80
Jakarta 5664.475 5296.711 6.94
Kuala Lumpur 1756.05 1641.73 6.96
Ho Chi Minh 712.41 664.87 7.20
(Reporting by Rushil Dutta; Editing by Amrutha Gayathri)