SE Asia Stocks-Manila at 11-month high; Jakarta edges up amid political uncertainty

martes 13 de mayo de 2014 07:17 GYT

May 13 (Reuters) - Philippine shares closed at their highest
in 11 months on Tuesday, while Indonesia rose slightly amid
political and economic uncertainty ahead of the presidential
    Half of the southeast Asian markets were closed for a
    The Philippine index rose 0.6 percent to its highest
close since June 10, 2013, while the Jakarta Composite Index
 edged up 0.2 percent after touching its highest intraday
level since June 7.
    Investors were cautious ahead of the Indonesian presidential
polls scheduled on July 9, said John Teja, director of
Jakarta-based broker Ciptadana Securities.
    "I think there's a lot of uncertainty as parties negotiate
to form coalitions for president and vice-president this week,"
Teja said in an emailed statement.
    Weak real GDP growth and adjustment to energy prices are an
overhang on the inflation outlook. Foreigners are staying on the
sidelines and may bring short-term market correction, Teja said.
    In Manila, shares of Bloomberry Resorts Corp 
gained 1.9 percent after Philippine property developer Ayala
Land Inc said it had partnered with Bloomberry to
operate a mall at the latter's $1.2 billion Solaire complex,
Manila's newest gaming hub, to be opened later this year.
    Globe Telecom Inc, the Philippines' second biggest
telecommunications firm, rose 0.8 percent after its net profit
more than quadrupled in the March quarter. 
    However, stocks in Vietnam fell with the benchmark VN Index
 closing at a four-month low. 
    Stock markets in Thailand, Malaysia, and Singapore were
closed for a holiday on Tuesday.

For Asian Companies click;  
For South East Asia Hot Stock reports, click;

 Change on day 
 Market             Current     Prev Close    Pct Move
 TR SE Asia Index*   417.48        417.52       -0.01
 Jakarta            4921.39       4913.00       +0.17
 Manila             6852.81       6811.34       +0.61
 Ho Chi Minh         513.91        517.05       -0.61
 Change on year
 Market             Current       End 2013    Pct Move
 TR SE Asia Index*   417.48        388.37       +7.50
 Singapore          3222.43       3167.43       +1.74
 Kuala Lumpur       1866.08       1866.96       -0.05
 Bangkok            1375.14       1298.71       +5.89
 Jakarta            4921.39       4274.18      +15.14
 Manila             6852.81       5889.83      +16.31
 Ho Chi Minh         513.91        504.63       +1.84
 * The Thomson Reuters South East Asia Index is a
highly representative indicator of stocks listed in Indonesia,
Malaysia, the Philippines, Singapore, Thailand and Vietnam.
($1 = 11521.0000 Indonesian Rupiahs)

 (Reporting by Shihar Aneez; Editing by Prateek Chatterjee)