SE Asia Stocks-Rise on oil price rebound; Malaysia up with ringgit

jueves 18 de febrero de 2016 06:24 GYT

BANGKOK, Feb 18 (Reuters) - Southeast Asian stock markets
rose on Thursday, with the Malaysian index hitting a seven-week
high amid gains in the ringgit in reaction to rebounding oil
prices while Indonesian shares posted modest gains after the
central bank cut rates as expected.
    Gains in crude oil helped improve risk sentiment in Asia,
sending MSCI's broadest index of Asia Pacific shares outside
Japan 1.8 percent higher.  
    Kuala Lumpur composite index climbed nearly 1
percent to 1,680.02, the highest close since Dec. 31.
    The Malaysian ringgit advanced more than 1 percent
as a surge in oil prices and better-than-expected fourth-quarter
economic data eased concerns about Southeast Asia's
third-largest economy.  
    Malaysia saw relatively moderate trading volumes which were
close to a 30-day average, similar to regional peers. Brokers
said uncertainties about the direction of global oil prices kept
some investors cautious.
    Jakarta composite index closed the day up 0.3
percent after the Indonesian central bank cut its benchmark
interest rate for the second time this year, as expected, in a
bid to help speed up sluggish economic growth. 
    Singapore reversed Wednesday's loss and rose 1.7
percent to a more than one-month high. The Philippines 
rose for a fourth day, hovering around a seven-week high. Thai
 and Vietnamese stocks rebounded from the day
    Foreign investors bought Malaysian and Indonesian shares
worth a net 211 million ringgit ($50.72 million) and 367 billion
rupiah ($27.21 million) respectively while selling Philippine
shares worth a net 800 million peso ($16.83 million), stock
exchange and Thomson Reuters data showed.
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 Change on day
 Market             Current     Prev Close    Pct Move
 Singapore          2657.57       2613.79       +1.67
 Kuala Lumpur       1680.02       1664.32       +0.94
 Bangkok            1294.59       1288.47       +0.47
 Jakarta            4778.79       4765.51       +0.28
 Manila             6848.87       6756.82       +1.36
 Ho Chi Minh         552.49        547.05       +0.99
 Change on year
 Market             Current       End 2015    Pct Move
 Singapore          2657.57       2882.73       -7.81 
 Kuala Lumpur       1680.02       1692.51       -0.74
 Bangkok            1294.59       1288.02       +0.51
 Jakarta            4778.79       4593.00       +4.04
 Manila             6848.87       6952.08       -1.48
 Ho Chi Minh         552.49        579.03       -4.58
 ($1 = 4.1600 ringgit)
($1 = 13,490.0000 rupiah)
($1 = 47.5450 Philippine pesos)

 (Reporting by Viparat Jantraprap; Editing by Anupama Dwivedi)