SE Asia Stocks-Philippine index near two-week low after weak Q3 GDP

jueves 27 de noviembre de 2014 06:26 GYT

BANGKOK, Nov 27 (Reuters) - Philippine shares hit the lowest
in nearly two weeks on Thursday after the country posted slower
economic growth in the third quarter while most other indexes in
Southeast Asia snapped rising streaks as energy related stocks
fell in line with declining global oil prices. 
    The Philippine economy slowed to its weakest pace in more
than five years in the third quarter, hurt by a decline in
public spending and farm output and signalling a
longer-than-expected pause in the central bank's tightening
    Manila's key share index was down 1.24 percent at
7,265.34, the lowest close since Nov. 17.
    Foreign investors bought a net 18.3 billion pesos ($408
million) worth stocks amid inflows into large caps such as SM
Investments Corp and Alliance Global Group,
while outflows hit shares such as SM Prime Holdings.
    SM Prime Holdings dropped 4.8 percent after a share
placement at a lower-than-market price. 
    Malaysia's main index slipped 0.7 percent after
three sessions of gains, dragged lower by shares of
Sapurakencana Petroleum. Singapore's key index
 eased 0.2 percent, nearly erasing gains over the past
two sessions.
    Among losers in the region, shares of Singapore's Keppel
Corporation was down 0.4 percent and Thailand's energy
firm PTT slipped 1 percent.
    The Thai SET index ended up 0.6 percent, helped by
selective buying in aviation shares such as Airports of Thailand
 and Thai Airways International, with traders
citing lower oil prices as helping to bolster the sector's
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 Change on day
 Market             Current     Prev Close    Pct Move
 Singapore          3340.96       3349.66       -0.26
 Kuala Lumpur       1829.91       1842.17       -0.67
 Bangkok            1599.82       1591.00       +0.55
 Jakarta            5145.32       5133.04       +0.24
 Manila             7265.34       7356.59       -1.24
 Ho Chi Minh         572.89        576.04       -0.55
 Change on year
 Market             Current       End 2013    Pct Move
 Singapore          3340.96       3167.43       +5.48
 Kuala Lumpur       1829.91       1866.96       -1.98
 Bangkok            1599.82       1298.71      +23.19
 Jakarta            5145.32       4274.18      +20.38
 Manila             7265.34       5889.83      +23.35
 Ho Chi Minh         572.89        504.63      +13.53
 (1 US dollar = 44.8350 Philippine peso)

 (Reporting by Viparat Jantraprap; Editing by Biju Dwarakanath)