SE Asia Stocks -Higher amid large cap buying, inflows
BANGKOK, Sept 2 (Reuters) - Southeast Asian stock markets rose on Tuesday amid inflows into selected large caps, with the Philippine index extending its gains for a second day, the Indonesian benchmark climbing to a near two-week high and the Thai key index hitting a 15-month high. Foreign investors were net buyers of large cap stocks such as Philippines-listed SM Investments Corp, Philippine Long Distance Telephone and Indonesia's telecommunications firm XL Axiata, stock exchange data showed. The Philippine main index finished up 0.3 percent, adding to Monday's 0.5 percent gain and further rebounding from a near two-week low hit on Friday. Jakarta's composite index rose to 5,201.59, its highest close since Aug. 21. The Thai SET index rose for a third consecutive session, gaining 0.2 percent to 1,568.60, the highest since May 30, 2013. Brokers in Bangkok attributed the rise to hopes of a possible loosening of policy by the European Central Bank later this week, optimism about the new government and some economic policies expected to be announced soon. The Thai stock market posted net foreign inflows worth 846 million baht ($26.36 million) while the Malaysian bourse recorded 110 million ringgit worth of net foreign buying ($34.61 million). For Asian Companies click; For South East Asia Hot Stock reports, click; SOUTHEAST ASIAN STOCK MARKETS Change on day Market Current Prev Close Pct Move TR SE Asia Index* 444.60 445.41 -0.18 Singapore 3328.30 3314.13 +0.43 Kuala Lumpur 1867.69 1866.11 +0.08 Bangkok 1568.60 1565.35 +0.21 Jakarta 5201.59 5177.62 +0.46 Manila 7106.56 7083.49 +0.33 Change on year Market Current End 2013 Pct Move TR SE Asia Index* 444.60 388.37 +14.48 Singapore 3328.30 3167.43 +5.08 Kuala Lumpur 1867.69 1866.96 +0.04 Bangkok 1568.60 1298.71 +20.78 Jakarta 5201.59 4274.18 +21.70 Manila 7106.56 5889.83 +20.66 Ho Chi Minh -- 504.63 +26.16 * 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 US dollar = 32.1000 Thai baht) (1 US dollar = 3.1785 Malaysian ringgit) (Reporting by Viparat Jantraprap; Editing by Anupama Dwivedi)
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