SE Asia Stocks -Indonesia hits over 4-wk closing low; others mixed

miércoles 25 de marzo de 2015 06:59 GYT

March 25 (Reuters) - Indonesian shares ended at their lowest
in more than four weeks on Wednesday as foreign investors sold
risky assets amid a weakening rupiah, while other Southeast
Asian markets closed mixed after Chinese factory activity came
in weaker than expected.
    Jakarta's composite index fell 0.8 percent to its
lowest close since Feb. 23, Thomson Reuters data showed. Foreign
investors sold a net $30.61 million worth shares. 
    The rupiah's weakness against the U.S. dollar is still a
concern, said Andri Zakarias, an analyst with BNI Securities,
adding that foreign selling pressure was still seen in the stock
    The rupiah was down 0.64 percent on Wednesday, after
having risen to its highest in more than two weeks on Tuesday,
partly as uncertainty over the timing of U.S. interest rate
hikes lifted most emerging Asian currencies. 
    Activity in China's factory sector slid to an 11-month low
in March as new orders shrank, a private survey showed,
indicating the economy may need more policy stimulus.
    Vietnam's benchmark VN Index fell 1.15 percent to
close at its lowest since Feb. 3, led by a slump in PetroVietNam
Gas, the country's biggest listed firm by market value.
    In Manila, the main stock index recovered from early
losses and closed 0.1 percent up, but the gains were capped by
investor concerns over the monetary policy meeting on Thursday. 
    "Investors are taking precautions before the monetary policy
meeting tomorrow and we also expect the trend to continue due to
window dressing during the quarterly-end," said Luis Limlingan,
head of sales at Manila-based Regina Capital. 
    "There are also concerns over the U.S. Fed rate hike
    Foreign investors sold a net $23.58 million worth shares,
bourse data showed. 
    In Bangkok, the SET index surrendered its early
gains to end 0.1 percent weaker at its lowest close since Jan.
    Singapore's key index ended 0.2 percent firmer,
while Malaysia closed 0.3 percent up with a $51.41
million net foreign inflow, bourse data showed.
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 Change on day
 Market             Current     Prev Close    Pct Move
 Singapore          3419.02       3413.26       +0.17
 Kuala Lumpur       1819.10       1814.04       +0.28
 Bangkok            1512.80       1514.45       -0.11
 Jakarta            5405.49       5447.65       -0.77
 Manila             7836.34       7828.94       +0.09
 Ho Chi Minh         560.93        567.43       -1.15
 Change on year
 Market             Current       End 2014    Pct Move
 Singapore          3419.02       3365.15       +1.60
 Kuala Lumpur       1819.10       1761.25       +3.26
 Bangkok            1512.80       1497.67       +1.01
 Jakarta            5405.49       5226.95       +3.42
 Manila             7836.34       7230.57       +8.38
 Ho Chi Minh         560.93        545.63       +2.80
 ($1 = 12,982.0000 rupiah)
($1 = 3.6645 ringgit)
($1 = 44.8000 Philippine pesos)

 (Reporting by Shihar Aneez in COLOMBO and Viparat Jantraprap in
Bangkok; Editing by Subhranshu Sahu)