SE Asia Stocks-Thai shares outperform; others range-bound

jueves 13 de noviembre de 2014 07:21 GYT

Nov 13 (Reuters) - Thailand stocks rebounded from early
losses to end firmer on Thursday, led by top oil firm PTT Pcl
 and on buying from institutional investors, while other
markets were range-bound as a cooling Chinese economy hit
    Thailand's SET index gained 1 percent, with PTT
rising 2.9 percent, which traders attributed to a technical
    "Portfolio managers continued buying shares for long-term
equity funds (LTF) and retirement mutual funds (RMF)," said an
equity trader in Bangkok.
    Traders said a favourable tax treatment has made the funds
popular among investors, with demand often active towards the
end of the year.
    Other Southeast Asian markets were range-bound as Chinese
data showed below-forecast factory output and investment growth
hit a near 13-year low, reinforcing signs that the world's
second-biggest economy will see its weakest growth in almost 24
years this year. 
    Singapore's Straits Times Index closed up 0.7
percent, led by a 1.3 percent gain each in beaten down United
Overseas Bank Ltd and DBS Group Holdings Ltd
    Indonesia's Jakarta Composite Index and Malaysia's
index both ended flat, while Vietnam edged down
0.1 percent and the Philippines fell 0.5 percent. 
    Foreign inflows to the region were mixed as investors
awaited further clues for direction. Thailand and Indonesia saw
net foreign inflows of $12.57 million and $12.27 million
respectively, while Malaysia witnessed $21.05 million in
outflows. Philippines saw net foreign buying of $12.09 million.
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 Change on day
 Market             Current     Prev Close    Pct Move
 Singapore          3304.93       3283.71       +0.65
 Kuala Lumpur       1815.81       1816.24       -0.02
 Bangkok            1577.21       1562.03       +0.97
 Jakarta            5048.67       5048.84        0.00
 Manila             7198.63       7232.87       -0.47
 Ho Chi Minh         603.16        604.01       -0.14
 Change on year
 Market             Current       End 2013    Pct Move
 Singapore          3304.93       3167.43       +4.34
 Kuala Lumpur       1815.81       1866.96       -2.74
 Bangkok            1577.21       1298.71      +21.44
 Jakarta            5048.67       4274.18      +18.12
 Manila             7198.63       5889.83      +22.22
 Ho Chi Minh         603.16        504.63      +19.53
(1 US dollar = 44.8300 Philippine peso)
(1 US dollar = 3.3360 Malaysian ringgit)
(1 US dollar = 12,200.0000 rupiah)
(1 US dollar = 32.8000 Thai baht)

 (Reporting by Shihar Aneez in COLOMBO and Viparat
Jantraprapaweth in BANGKOK; Editing by Prateek Chatterjee)