SE Asia Stocks-Firmer; Indonesia outperforms on palm oil shares

miércoles 21 de octubre de 2015 03:11 GYT

Oct 21 (Reuters) - Southeast Asian stock markets gained on
Wednesday with Indonesia outperforming the region aided by a
rise in palm oil shares after it cut output estimates for next
    Some investors awaited clues from the European Central
Bank's policy meeting scheduled later in the week, while the
slow pace of growth in Japan's exports due to weakness in China
dented investor sentiment. 
    Indonesia's Jakarta Composite Index was up 1 percent
at 0643 GMT and traded at its highest level since Aug. 11. 
    The index got a boost as a rise in crude palm oil prices to
2-week highs sent shares of plantation firms soaring. PT Astra
Agro Lestari and PT London Sumatra Indonesia Tbk
 rose 5.8 percent and 7.4 percent respectively.
    Indonesia, the world's top palm oil producer, cut its output
estimates for 2016, as the El Nino dry weather pattern offsets
higher yields from maturing trees. 
    Thai shares were steady, but financials were firmer
led by Bangkok Bank PCL, which was up 0.6 percent, a
day after it posted a 5.4 percent fall in net profit.
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 Change at 0643 GMT
 Market             Current     Prev Close    Pct Move
 Singapore          3020.87       3024.50       +0.06
 Kuala Lumpur       1718.68       1705.03       +0.21
 Bangkok            1418.59       1418.63        0.00
 Jakarta            4630.78       4585.82       +0.98
 Manila             7095.59       7060.85       +0.49
 Ho Chi Minh         592.61        590.45       +0.37
 (Reporting by Shihar Aneez in COLOMBO and Fransiska Nangoy in
JAKARTA; Editing by Sunil Nair)