SE Asia Stocks -Mixed; Jakarta recovers from 5-wk closing low

viernes 27 de marzo de 2015 07:08 GYT

March 27 (Reuters) - Indonesian stocks recovered on Friday
from a five-week closing low hit in the previous session despite
foreign outflows, while other Southeast Asian markets closed
mixed as concerns over rising tensions in the Middle East offset
optimism about upbeat U.S. economic data.
    Jakarta's composite index ended 0.52 percent firmer,
but concerns over continued foreign outflows remained amid a
sliding rupiah. Foreign investors sold a net $44.63
million worth stocks on Friday.  
    Fund managers and foreign investors are bailing out of
Indonesian stocks as worries grow that a perfect storm of a
sliding rupiah, record levels of foreign debt and rising import
costs could bring some businesses to their knees.
    Singapore's key stock index rose for a fourth
straight session and ended 0.5 percent higher, while the
Philippine index closed 0.1 percent up a day after the
central bank left key policy rates steady as expected.  
    Risk appetite improved on optimism over the U.S. economy
after robust jobs data and activity in the services sector hit a
six-month high in March. 
    However, gains were checked by the Saudi-led operation
against Yemen. Though it has not affected the oil facilities of
major Gulf producers, fears that the conflict could spread and
disrupt Middle East shipments have for now hit sentiment.
    The prevailing uncertainty on the timing of the U.S. Federal
Reserve's rate-tightening cycle also weighed on sentiment.
    Thailand's SET index fell 0.1 percent to near
three-month closing low with a $32.14 million foreign outflow,
Malaysia dropped 0.3 percent, and Vietnam lost
0.9 percent. 
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 Change on day
 Market             Current     Prev Close    Pct Move
 Singapore          3450.10       3431.59       +0.54
 Kuala Lumpur       1813.37       1818.42       -0.28
 Bangkok            1495.22       1496.41       -0.08
 Jakarta            5396.85       5368.80       +0.52
 Manila             7877.96       7871.10       +0.09
 Ho Chi Minh         551.42        556.16       -0.85
 Change on year
 Market             Current       End 2014    Pct Move
 Singapore          3450.10       3365.15       +2.52
 Kuala Lumpur       1813.37       1761.25       +2.96
 Bangkok            1495.22       1497.67       -0.16
 Jakarta            5396.85       5226.95       +3.25
 Manila             7877.96       7230.57       +8.95
 Ho Chi Minh         551.42        545.63       +1.06
 ($1 = 13,060.0000 rupiah)

($1 = 32.5600 baht)

 (Reporting by Shihar Aneez in COLOMBO; Editing by Subhranshu