SE Asia Stocks-Down in strong week; Thailand flat ahead of holiday

viernes 4 de abril de 2014 06:04 GYT

BANGKOK, April 4 (Reuters) - Most Southeast Asian stock
markets were flat-to-weaker on Friday as investors cashed in on
rallying markets such as Indonesia and the Philippines ahead of
U.S. jobs data, while Thai shares pared gains amid fears about
political tension during a long weekend.
    Indonesia was an underperformer after a bout of
profit-taking in financials and large caps while the market's
high valuation was also a concern.
    Jakarta's Composite Index ended down 0.7 percent at
a one-week low. Shares of Bank Mandiri lost 1.7
percent after a nearly 9 percent rally this week when foreign
inflows gave a boost to the market. 
    The benchmark was up 1.9 percent on the week, taking its
year-to-date gain to 13.7 percent in local currency term, among
Asia's outperformers.
    A Bank Indonesia survey showed Indonesia's consumers were
more optimistic in March, bolstered by expectations that the
economy will improve in the next six months. 
    The Philippine index fell 0.4 percent. It jumped 3.2
percent on the week, Southeast Asia's best performer. Foreign
investors were net buyers for an eighth session, purchasing a
net 442 million peso ($9.8 million) worth of stocks, data
    Thai SET index closed nearly flat on the day, up
almost 2 percent on the week. Thai baht underperformed
in Asia on rising political tension. Thai market will be shut on
Monday for a public holiday, reopening on Tuesday.
    Hundreds of thousands of Thai government supporters are
expected to descend on Bangkok this weekend in a symbolic show
of force after months of sometimes violent protests aimed at
bringing down Prime Minister Yingluck Shinawatra.
    The region was broadly rangebound on the day as global
market investors took to the sidelines ahead of monthly U.S.
employment data, seen as a key variable on the direction of the
Federal Reserve's policy.  
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 Change on day
 Market             Current     Prev Close    Pct Move
 TR SE Asia Index*   413.81        414.08       -0.06
 Singapore          3212.72       3220.06       -0.23
 Kuala Lumpur       1856.61       1855.63       +0.05
 Bangkok            1392.01       1391.22       +0.06
 Jakarta            4857.94       4891.32       -0.68 
 Manila             6561.20       6587.08       -0.39
 Ho Chi Minh         593.04        589.44       +0.61
 Change on year
 Market             Current       End 2013    Pct Move
 TR SE Asia Index*   413.81        388.37       +6.55
 Singapore          3212.72       3167.43       +1.43
 Kuala Lumpur       1856.61       1866.96       -0.55
 Bangkok            1392.01       1298.71       +7.18
 Jakarta            4857.94       4274.18      +13.66
 Manila             6561.20       5889.83      +11.40
 Ho Chi Minh         593.04        504.63      +17.52
* The Thomson Reuters South East Asia Index is a
highly representative indicator of stocks listed in Indonesia,
Malaysia, the Philippines, Singapore, Thailand and Vietnam.  
($1 = 32.4800 Thai Baht)
($1 = 44.9450 Philippine Pesos)

 (Reporting by Viparat Jantraprap; Editing by Anand Basu)