SE Asia Stocks-Up; Philippines up 1 pct; Malaysia keeps rates steady

jueves 6 de marzo de 2014 07:00 GYT

BANGKOK, March 6 (Reuters) - Southeast Asian stocks rose on
Thursday amid easing tensions in Ukraine, with the Malaysian
index ending near its highest level in 2014 ahead of Bank
Negara's interest rate decision while Thai shares chalked up
gains on selective buying in banking shares.
    Bangkok's SET index inched up 0.04 percent, hovering
around its highest in almost three months. Foreign investors
bought a net $30.2 million, after net purchases of $170 million
in the past four sessions. 
    Jitters over the domestic political crisis remained but
there was some interest in select index heavyweights such as
banks, which gained almost 1 percent.
    For related Thai political story, click
    Credit Suisse saw buying opportunities in Thai stocks
despite political mess. It said Thailand offered some
interesting stocks, including energy stocks which had earnings
streams largely insensitive to domestic economy and politics.
    "Although 2014 does not look strong for the stock market in
general, energy and tourism-related stocks could buck the
political trend," it said in a report dated March 4.
    Malaysia's main index was up 0.5 percent at
1,838.69, the highest close since Jan. 2.
    Malaysia's central bank held its key interest rate steady at
3.0 percent on Thursday, as expected, reiterating that a rise in
inflation was expected to be contained as domestic spending
    The announcement came after market close on Thursday.
    Gains in the region were in line with world shares
 bolstered by diplomatic efforts to cool the
crisis in Ukraine. 
    Stocks in Singapore and Indonesia rose for
a third session. The Philippines climbed 0.9 percent to a
five-month high, with the exchange reporting a net foreign
buying of about 1.38 billion peso ($30.84 million), after
combined inflows of $242 million over the past eleven sessions.
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 Change on day
 Market             Current     Prev Close    Pct Move
 TR SE Asia Index*   404.40        400.59       +0.95
 Singapore          3129.17       3116.64       +0.40
 Kuala Lumpur       1838.69       1829.11       +0.52
 Bangkok            1352.21       1351.64       +0.04
 Jakarta            4687.86       4659.17       +0.62
 Manila             6516.82       6456.14       +0.94
 Ho Chi Minh         578.56        574.94       +0.63
 Change on year
 Market             Current       End 2013    Pct Move
 TR SE Asia Index*   404.40        388.37       +4.13
 Singapore          3129.17       3167.43       -1.21
 Kuala Lumpur       1838.69       1866.96       -1.51
 Bangkok            1352.21       1298.71       +4.12
 Jakarta            4687.83       4274.18       +9.68
 Manila             6516.82       5889.83      +10.65
 Ho Chi Minh         578.56        504.63      +14.65
* 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         268,596,000          226,485,003      
 Kuala Lumpur      140,395,100          136,386,560      
 Bangkok             7,291,706            5,346,443      
 Jakarta         4,639,271,000        3,321,859,003    
 Manila                101,616               84,957    
 Ho Chi Minh           141,305              130,737