SE Asia Stocks -Most up ahead of Fed; banks lead gains in Indonesia

miércoles 17 de junio de 2015 02:01 GYT
 

BANGKOK, June 17 (Reuters) - Southeast Asian stock markets
mostly gained on Wednesday as investors awaited the U.S. Federal
Reserve's view on interest rate outlook while banking shares
topped trading in Indonesia a day before its central bank
meeting on interest rates.
    Jakarta composite index traded up 1.3 percent at
4,937.58, recovering from the oversold condition for the first
time in almost two weeks, with its 14-day Relative Strength
Index at 35.
    The Philippines recovered from early falls and was up
0.1 percent.
    Shares of Bank Rakyat Indonesia and shares of Bank
Mandiri both climbed nearly 3 percent, the most 
actively traded by turnover.
    Indonesia's central bank said on Wednesday it would adjust
its monetary policy according to the needs of its economy while
all 25 analysts in a Reuters poll expected Bank Indonesia (BI)
to keep the policy rate at 7.50 percent. 
    Singapore's Straits Times Index rose 1.2 percent,
erasing the loss on Tuesday. Key stock indexes in Malaysia
 and Thailand posted modest gains.
    Broker KGI Securities expected Thai key SET index to rise in
a tight range, helped by high-risk speculation on clarity on the
U.S. Federal Open Market Committee meeting Wednesday and Greek
debt talks at the eurogroup summit on Thursday.
    "The U.S. Fed is expected to stay relatively dovish, not
signaling any rush to raise the Fed Fund Rate, which could be
positive to equities after the announcement," KGI strategists
wrote in a report, citing mixed U.S. macro data last week.
    Asian shares held near three-month lows on Wednesday as a
rally in Chinese stock markets faltered, while the U.S. dollar
stayed static as investors waited for clues from the Federal
Reserve meeting. 
    Weak spots in Southeast Asia included Vietnam, which
extended losses for a second trading day.
    
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SOUTHEAST ASIAN STOCK MARKETS
 Change at 0536 GMT
 Market             Current     Prev Close    Pct Move
 Singapore          3336.09       3298.09       +1.15
 Kuala Lumpur       1726.04       1722.24       +0.22
 Bangkok            1507.01       1503.28       +0.25
 Jakarta            4937.58       4872.59       +1.33
 Manila             7515.26       7505.48       +0.13
 Ho Chi Minh         578.70        580.35       -0.28
 
 (Reporting by Viparat Jantraprap; Editing by Gopakumar Warrier)