SE Asia Stocks-Most up slightly; energy shares fall

jueves 8 de octubre de 2015 02:39 GYT

BANGKOK, Oct 8 (Reuters) - Most Southeast Asian stock
markets edged higher on Thursday, while investors cashed in on
recent gains in energy shares following the overnight pullback
in crude prices, with the prospect of weak quarterly earnings
hitting Thai banks.
    Thai SET index was nearly unchanged at 1,393.53.
Shares of energy explorer PTT Exploration and Production
, among large cap losers, were down 2 percent after a
10 percent gain on the day before.
    Profit taking would further limit gains for the day, broker
Krungsri Securities said in a report.
    "The index has gained 3.5 percent over the past four days
despite the absence of fresh positive catalysts and the
seemingly stalled recovery in crude prices. This suggests there
could be profit-taking," it said.
    Among weak spots, banking shares, such as Krung Thai Bank
, fell ahead of their third-quarter earnings
announcements expected to start from this week.
    Investors also closely watched the quarterly results of
Southeast Asian firms expected in coming weeks in the face of
slowing economic growth in the region, according to brokers.
    In Jakarta, shares of coal miner Adaro Energy fell
2.4 percent following Wednesday's 10 percent rally while the
broader Indonesia's stock index was up 0.3 percent after
a more than 1 percent rise earlier.  
    In Singapore, the key Straits Times Index traded down
0.5 percent, reversing the 2.2 percent rise on Wednesday. Shares
of Sembcorp Marine Ltd declined 0.4 percent, trimming
some of Wednesday's 6.3 percent increase.
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 Change at 0612 GMT
 Market             Current     Prev Close    Pct Move
 Singapore          2947.34       2961.81       -0.49
 Kuala Lumpur       1693.75       1689.25       +0.27
 Bangkok            1393.53       1393.66       -0.01
 Jakarta            4501.09       4487.13       +0.31
 Manila             7118.74       7108.80       +0.14
 Ho Chi Minh         584.75        579.57       +0.89
 (Reporting by Vipaarat Jantraprap; Editing by Anand Basu)