SE Asia Stocks-Mostly down on Ukraine; Thai rises on easing political tensions

lunes 3 de marzo de 2014 07:11 GYT

March 3 (Reuters) - Thai stocks ended at their highest in
more than two months on Monday as the political situation
improved, with protesters massing into one site rather than
several over the weekend, easing pressure on the tourism sector
and the domestic economy.
    All other Southeast Asia stocks slipped on worries about
escalating tensions between Ukraine and Russia and as
manufacturing activity among Asia's major export economies
stumbled in February, led by China where data suggested growth
in the factory sector was stalling.  
    The Thai SET index rose 1.1 percent, closing at its
highest since Dec. 20 with banking and energy shares leading the
gains. Foreign investors bought a net $35.17 million on Monday.
    Foreign investors have offloaded a net $3.9 billion worth of
Thai shares since November through Friday due to the political
turmoil, according to Thomson Reuters data.
    Anti-government protesters in Thailand retreated to a
central Bangkok park, freeing up traffic after blocking big
intersections for more than a month in their bid to push out
Prime Minister Yingluck Shinawatra.,
    Shares of Airports of Thailand jumped 3.2 percent.
The airport operator could benefit with the easing political
situation in Bangkok. 
    The Jakarta Composite Index fell 0.8 percent, with
foreign outflows of $30.70 million, while Malaysian shares
 dropped 0.6 percent with a net foreign selling of $8.12
    Philippines' main index fell from a near four-month
high, losing 0.3 percent despite $14.03 million in foreign
inflows. Singapore lost 0.8 percent, with banks leading
the decline.  
    Vietnam's benchmark VN Index closed down 2.23 percent
on strong selling due to expectations that some funds will
unload shares as part of their portfolio restructuring later
this month, while buying demand was not strong enough to
support, analysts said. 
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 Change on day
 Market             Current     Prev Close    Pct Move
 TR SE Asia Index*   396.33        397.90       -0.39
 Singapore          3087.47       3110.78       -0.75
 Kuala Lumpur       1824.69       1835.66       -0.60
 Bangkok            1339.21       1325.33       +1.05
 Jakarta            4584.21       4620.22       -0.78
 Manila             6407.52       6424.99       -0.27
 Ho Chi Minh         573.38        586.48       -2.23
 Change on year
 Market             Current       End 2013    Pct Move
 TR SE Asia Index*   396.33        388.37       +2.05
 Singapore          3087.47       3167.43       -2.52
 Kuala Lumpur       1824.69       1866.96       -2.26
 Bangkok            1339.21       1298.71       +3.12
 Jakarta            4584.20       4274.18       +7.25
 Manila             6407.52       5889.83       +8.79
 Ho Chi Minh         573.38        504.63      +13.62
* 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         387,808,900          206,853,030      
 Kuala Lumpur      130,074,800          139,639,737      
 Bangkok             6,062,243            5,265,649      
 Jakarta         2,850,611,800        3,281,688,490    
 Manila                 62,746               83,116    
 Ho Chi Minh           143,297              127,265