SE Asia Stocks-Thai index at two-week high on bank shares
BANGKOK, Jan 13 (Reuters) - Most Southeast Asian stock markets rose in line with Asia on Wednesday, with Philippine shares climbing almost three percent on foreign-led buying and the Thai index hitting a two-week high, helped by banking shares. The Philippine composite index ended up 2.6 percent, recovering from a deep oversold condition seen on the previous two days, with its 14-day Relative Strength Index at 36.6 at close. The level of 30 or below means shares are oversold. Shares of top index gainer San Miguel Corp surged 15.4 percent after the conglomerate said it was interested in acquiring SABMiller PLC's Grolsch and Peroni beer brands. Gains in banks led by Kasikornbank and Siam Commercial Bank sent the SET index 1.9 percent up to 1,278.61, the highest close since Dec. 30. The share rally came ahead of bank earnings releases due out by next week. Stocks in Singapore and Malaysia posted modest gains while Vietnam retreated amid selling in blue chips. Fund flows were mixed, with the Philippines reporting net foreign buying for the first time in four days of 250 million peso ($5.27 million), stock exchange data showed. Malaysia saw a fifth straight day of foreign outflows, worth a net 71 million ringgit ($16.23 million) on Wednesday, and Indonesia posted net foreign selling of 47.5 billion rupiah ($3.44 million) after net buying on Tuesday, data showed. Asian shares as measured by MSCI's broadest index of Asia-Pacific shares outside Japan were up 1.3 percent. For Asian Companies click; SOUTHEAST ASIAN STOCK MARKETS Change on day Market Current Prev Close Pct Move Singapore 2696.50 2691.78 +0.18 Kuala Lumpur 1642.54 1641.37 +0.07 Bangkok 1278.61 1255.30 +1.86 Jakarta 4537.18 4512.53 +0.55 Manila 6494.13 6330.55 +2.58 Ho Chi Minh 560.37 564.26 -0.69 Change on year Market Current End 2015 Pct Move Singapore 2696.50 2882.73 -6.46 Kuala Lumpur 1642.54 1692.51 -2.95 Bangkok 1278.61 1288.02 -0.73 Jakarta 4537.18 4593.00 -1.22 Manila 6494.13 6952.08 -6.59 Ho Chi Minh 560.37 579.03 -3.22 ($1 = 47.4700 Philippine pesos) ($1 = 4.3750 ringgit) ($1 = 13,820.0000 rupiah) (Reporting by Viparat Jantraprap in Bangkok and Erik dela Cruz in Manila; Editing by Anupama Dwivedi)
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