SE Asia Stocks-Weak on energy shares; Malaysia at 3-year low

lunes 17 de agosto de 2015 02:19 GYT
 

BANGKOK, Aug 17 (Reuters) - Most Southeast Asian stock
markets retreated on Monday as investors offloaded energy shares
after a fall in oil prices to near six-year lows, with the
Malaysian index sliding to a more than three-year low in line
with the depreciating ringgit. 
    The Kuala Lumpur composite index traded down 1.5
percent at 1,572.64, the lowest level since June 2012. Shares of
Sapurakencana Petroleum Bhd dropped nearly 11 percent,
the biggest percentage loser on the index. 
    The index had plunged 23.5 percent in U.S. dollar term so
far this year, Asia's worst performer. The ringgit fell
more than 1 percent on Monday to stay near its 1998 pre-peg lows
on an extended selloff in local stocks and bonds.
 
    Key support levels for the index were seen at 1,570 and
1,530, said Affin Hwang Capital in a report.
    "This week, we expect the FBMKLCI index to continue
its downtrend due to China Yuan volatility, softer ringgit, a
dip in commodity price and the growing signals of the impending
hike in Federal Reserve interest rates," the broker said.
    Singapore's Straits Times Index was down 0.7
percent after a second straight gain on Friday with shares of
Ezion Holdings 8.3 percent lower after weak quarterly
earnings and a brokerage downgrade.
  
    The Philippine main index declined 0.9 percent, led
down by Petron Corp.
    However, the Thai SET index edged higher. Shares of
airport operator Airports of Thailand gained 2.1
percent, extending the rebound last week, overshadowing losses
in energy firm PTT, which was down almost 1 percent.
    "The SET Index is poised to recover further on Monday. Local
institutional flows may continue to support the market as
valuations have been low enough to trigger tactical buying,"
broker KGI Securities said in a report.
    Vietnam's benchmark VN Index edged down 0.16 percent
at the break on Monday, on track for the fifth consecutive fall
with big-cap shares mixed. 
    The Indonesian stock market was closed for a public
holiday, reopening on Tuesday.

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SOUTHEAST ASIAN STOCK MARKETS
 Change at 0538 GMT
 Market             Current     Prev Close    Pct Move
 Singapore          3092.36       3114.25       -0.70
 Kuala Lumpur       1572.64       1596.82       -1.51
 Bangkok            1416.66       1413.92       +0.19
 Manila             7344.13       7408.44       -0.87
 Ho Chi Minh         588.06        589.03       -0.16
 
 (Reporting by Viparat Jantraprap; Editing by Anand Basu)