SE Asia Stocks -Singapore retreats after weak manufacturing data

viernes 24 de octubre de 2014 02:51 GYT

BANGKOK, Oct 24 (Reuters) - Most Southeast Asian stock
markets were flat to weaker on Friday, with the Singapore index
snapping four sessions of gains after weaker-than-expected
manufacturing data while bank stocks led the decliners in
    Appetite for risk assets in the region was broadly weak,
with Asian shares and most emerging Asian
currencies falling after reports that a doctor who returned to
New York City from West Africa tested positive for Ebola.
    Singapore's Straits Times Index was down 0.3
percent after its fourth straight gain on Thursday and heading
for a weekly rise of 1.82 percent.
    Data released early on Friday showed the city-state's
manufacturing output in September contracted 1.2 percent from a
year earlier, which brokers said reflected weakness in external
    "We expect some profit-taking again today given the reminder
that uncertainty remains over China's economic outlook," broker
NRA Capital said in a report.
    Indonesia's key share index eased 0.6 percent,
reversing from an over three-week closing high hit in the
previous session. It had a choppy week and was poised for a
weekly gain of 0.92 percent as a key focus was the formation of
the country's new cabinet.
    President Joko Widodo submitted a revised list of cabinet
ministers to the country's anti-graft agency on Thursday, in the
hope that his new ministerial team will be considered free of
    Shares of Bank Mandiri erased early gains and fell
as selling by domestic investors overshadowed foreign buying,
stock exchange data showed. It reported 13 percent net profit
growth in the first nine months of this year. 
    Other Southeast Asian stock indexes are on track to end the
week higher, with Vietnam and the Philippines both
climbing 1.5 percent, Malaysia 1.3 percent higher and
Thailand up 0.6 percent.

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 Change at 0615 GMT
 Market             Current     Prev Close    Pct Move
 Singapore          3226.31       3236.50       -0.31
 Kuala Lumpur       1811.90       1810.68       +0.07
 Bangkok            1537.54       1532.72       +0.31
 Jakarta            5075.32       5103.52       -0.55
 Manila             7106.56       7116.13       -0.13
 Ho Chi Minh         594.05        593.53       +0.09
 (Reporting by Viparat Jantraprap; Editing by Anupama Dwivedi)