SE Asia Stocks-Thai index inches up; Big C rallies after stake sale deal

lunes 8 de febrero de 2016 07:13 GYT

BANGKOK, Feb 8 (Reuters) - The Thai stock index ended
slightly higher on Monday, helped by shares of Big C Supercenter
 that rose to a 13-month high, while trading volumes
were at the lowest in six weeks as public holidays kept
investors on the sidelines.
    The benchmark SET index closed at 1,307.57 after
climbing to a near two-month high of 1,313.29. About six billion
shares changed hands, the lowest since Dec. 25.
    Shares in Big C finished up 9.7 percent as investors cheered
an up to $3.5 billion deal by France's Casino Group to
sell its majority holding in the Thai hypermarket operator to
TCC Group, owned by whiskey tycoon Charoen
    Shares of TCC Group's consumer conglomerate Berli Jucker
 surged 11 percent on expectations the company will
benefit from the acquisition.
    The overall stock market attracted net foreign buying worth
45 million baht ($1.27 million) on Monday, a third straight
trading session, stock exchange data showed.
    Asian shares pared losses on Monday as a weaker yen helped
Japan's Nikkei snap a four-day losing streak, but trade was thin
with many regional markets closed for the Lunar New Year
    All share markets in Southeast Asia, except Thailand, were
closed on Monday. Indonesia and the Philippines will resume
trading on Tuesday, while the rest will remain closed.
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  Change on the day                                            
  Market                   Current    previous close  Pct Move
  Bangkok                  1307.57    1306.29         0.10
  Change so far this year                             
  Market                   Current    End prev yr     Pct Move
  Singapore                   --      2882.73         -9.00
  Bangkok                  1307.57    1288.02         1.52
  Manila                      --      6952.08         -2.69
  Jakarta                     --      4593.008        4.48
  Kuala Lumpur                --      1692.51         -1.78
  Ho Chi Minh                 --      579.03          -5.92
   ($1 = 35.5100 baht)

 (Reporting by Viparat Jantraprap; Editing by Anupama Dwivedi)