SE Asia Stocks-Rebound; Malaysia banks up after cenbank cuts reserve ratios

viernes 22 de enero de 2016 03:15 GYT
 

BANGKOK, Jan 22 (Reuters) - Most Southeast Asian shares rose
on Friday as positive policy outlook from major central banks
and a bounce in oil prices lured buyers back into the battered
markets, with banks actively traded in Malaysia after a cut in
reserve ratios.
    Kuala Lumpur composite index was up 1.2 percent,
recouping some losses over past two days. Shares in Public Bank
 and Malayan Banking gained more than 1
percent and were among top-traded stocks by turnover.
 
    Malaysia's central bank kept its key interest rate unchanged
at 3.25 percent and unexpectedly cut the statutory reserve
requirement ratio (SRR) to 3.5 percent effective Feb. 1 to add
more liquidity into the banking system. 
    The announcement came after market hours on Thursday.
    In Bangkok, the SET index was up 1.6 percent, its
first gain in three days.
    "We expect the SET to adjust up today on the increased
prospects of accommodating action by various central banks,"
said broker Asia Wealth Securities of the European Central Bank
and central banks in Japan, China and the United States.
    "The weak data from the U.S. will also cause the Fed to be
more cautious in raising rates further. All of this would allow
the local bourse to close higher today."
    Asian stocks recovered from four-year lows thanks to hints
of more monetary policy support by the European Central Bank and
a rally in crude oil from 12-years lows. 
    Singapore and the Philippines each climbed
almost 2 percent, recovering from an oversold zone, while
Indonesia rebounded from a more than one-month closing
low on Thursday. Vietnam was slightly up. 
    Most markets in the region are set to extend losses for a
third week amid a wave of risk aversion and selldown in oil
prices.
       
For Asian Companies click;  

SOUTHEAST ASIAN STOCK MARKETS
    
  Change at 0652 GMT                                      
  Market              Current    previous close  Pct Move
  Singapore           2578.07    2532.7          +1.79
  Bangkok             1265.72    1245.61         +1.61
  Manila              6191.34    6084.28         +1.76
  Jakarta             4423.941   4414.126        +0.22
  Kuala Lumpur        1619.89    1600.92         +1.18
  Ho Chi Minh         523.45     521.88          +0.30
 
 (Reporting by Viparat Jantraprap; Editing by Gopakumar Warrier)