SE Asia Stocks-Mostly down ahead of Fed, BOJ meetings; Thai shares up

martes 26 de abril de 2016 06:57 GYT
 

JAKARTA, April 26 (Reuters) - Most Southeast Asian stock
markets fell for a second straight day on Tuesday, led by
Indonesia, as cautious investors adopted a wait and watch
approach ahead of central bank meetings in the United States and
Japan later this week.
    However, the Thai SET index and the Vietnam index
 bucked the trend, helped by commodities and financial
shares respectively.
    Indonesia's Jakarta Composite Index ended 1.3
percent down at a more than two-week closing low, led by
financial stocks, while poor earnings expectations dragged large
caps lower.
    Jakarta-based Trimegah Research said in a note it expects
Indonesian conglomerate PT Astra International Tbk and
heavy equipment distributor United Tractors to post
disappointing earnings for the March quarter.
    Astra shares ended 2 percent down while those of United
Tractors fell 3.1 percent.
    "The market sentiment remained weak with selling pressure
across the board as worries continued on the first quarter
earnings outlook and ahead of the Fed meeting this week," said
John Teja, director at Jakarta-based Ciptadana Securities.
    Bank of Japan policymakers are likely to discuss further
easing when they meet on Wednesday and Thursday. 
    The U.S. Federal Reserve, which lifted its benchmark
overnight interest rate in December for the first time in nearly
a decade, is expected to hold interest rates steady this week.
 
    The Singapore share index fell 0.2 percent to a near
two-week low, led by financial stocks.
    Malaysia's stock index closed 1.3 percent weaker as
Kuala Lumpur's stock market suffered a $56.10 million net
foreign outflow on Tuesday.
    Philippines Composite Index was 0.5 percent weaker.
    The Thai SET index  closed 0.7 percent up, while Vietnam
closed 1.2 percent higher, with volumes rising to more than a
five-week high.
        
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SOUTHEAST ASIAN STOCK MARKETS
   
  Change on the day                                        
  Market               Current    previous close  Pct Move
  Singapore            2894.66    2900.28         -0.19
  Bangkok              1418.78    1408.71         0.71
  Manila               7211.92    7250.13         -0.53
  Jakarta              4814.093   4878.862        -1.33
  Kuala Lumpur         1692.5     1714.51         -1.28
  Ho Chi Minh          598.48     591.58          1.17
                                                  
  Change in 2016                                  
  Market               Current    End prev yr     Pct Move
  Singapore            2894.66    2882.73         0.41
  Bangkok              1418.78    1288.02         10.15
  Manila               7211.92    6952.08         3.74
  Jakarta              4814.093   4593.008        4.81
  Kuala Lumpur         1692.5     1692.51         0.00
  Ho Chi Minh          598.48     579.03          3.36
 
    
    ($1 = 3.9200 ringgit)

 (Reporting by Shihar Aneez; Editing by Anupama Dwivedi)