SE Asia Stocks-Indonesia, Philippines indexes end down after expected rate decisions

jueves 11 de septiembre de 2014 06:56 GYT

BANGKOK, Sept 11 (Reuters) - Most Southeast Asian stock
markets ended flat to weaker on Thursday after a bout of late
selling, with Indonesian shares erasing early gains after the
central bank maintained key interest rates. Philippine stocks
closed 0.2 percent lower after expected rate hikes.
    Jakarta's composite index closed down 0.2 percent,
with interest rate sensitive stocks such as Bank Rakyat
Indonesia down 0.2 percent after a 1.2 percent rise in
early trade.
    Indonesia's central bank held its key interest rate steady
on Thursday, as expected, but questions loom about how much the
now-contained inflation rate might increase if the new president
raises fuel prices to cut costly subsidies. 
    The Philippine main index eased 0.2 percent, weighed
down by a 1.2 percent drop in shares of Philippine Long Distance
Telephone, the country's biggest firm by market value.
    The Philippine central bank raised both its policy rate and
the rate on its special deposit accounts by 25 basis points on
Thursday, its most aggressive move against persistent inflation
amid buoyant economic growth. 
    Nine of 11 economists polled by Reuters had expected the
central bank to tighten monetary conditions on Thursday.
    Brokers in Bangkok said investors awaited U.S. data,
including the U.S. Federal Reserve's statement middle of next
week, to guage the direction of foreign fund flows.
    Indonesia, the Philippines and Thailand posted net
foreign outflows worth 599.8 billion rupiah ($50.74 million),
296 million peso ($6.74 million) and 175 million baht ($5.44
million), respectively, Thomson Reuters and stock exchange data
    Among bright spots, shares of True Corporation Pcl
, 18-percent owned by China Mobile Ltd,
finished up 4.2 percent, after the telecoms operator said it
expected to make a net profit in the fourth quarter of this year
after years of losses. 
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 Change on day
 Market             Current     Prev Close    Pct Move
 Singapore          3347.28       3338.63       +0.26
 Kuala Lumpur       1866.11       1870.85       -0.25
 Bangkok            1580.87       1582.13       -0.08
 Jakarta            5133.03       5142.99       -0.19
 Manila             7202.06       7212.78       -0.15
 Ho Chi Minh         628.99        628.80       +0.03
 Change on year
 Market             Current       End 2013    Pct Move
 Singapore          3347.28       3167.43       +5.68
 Kuala Lumpur       1866.11       1866.96       -0.05
 Bangkok            1580.87       1298.71      +21.73
 Jakarta            5133.03       4274.18      +20.09
 Manila             7202.06       5889.83      +22.28
 Ho Chi Minh         628.99        504.63      +24.64
 (1 US dollar = 11,820.0000 rupiah)
(1 US dollar = 43.9200 Philippine peso)
(1 US dollar = 32.1800 Thai baht)

 (Reporting by Viparat Jantraprap; Editing by Biju Dwarakanath)