SE Asia Stocks-Most weaker; Thai energy shares up on strong oil
BANGKOK, June 16 (Reuters) - Thai shares touched near eight-month highs on Monday as strong crude prices boosted stocks of energy explorer PTT Exploration and Production , while Indonesian shares fell to their lowest in one week due to foreign-led selling in large caps. Bangkok's SET index closed up 1.09 percent at 1,471.85, the highest since Oct. 18. PTT Exploration shares jumped 4.1 percent, their best gain since December and its parent firm PTT was up 2.1 percent. "The market today was about rotational plays, mainly into energy sector. PTTEP was strong because it is one of the best direct play into the strong crude oil market," said Pichai Lertsupongkij, a senior analyst of Thanachart Securities. Jakarta's composite index was down 0.8 percent at 4,885.46, the lowest close since June 9. Shares of top four firms by market value dropped after foreign-led selling, including Astra International, Bank Central Asia, Bank Rakyat Indonesia and Telkom Indonesia, according to Thomson Reuters data. In Manila, large cap telecommunications shares fell due to outflows, stock exchange data showed. Shares of Alliance Global dropped 2.1 percent after a net foreign selling of 247 million peso ($5.6 million) and Philippine Long Distance Telephone eased 0.6 percent as foreign investors sold a net 148 million peso ($3.4 million). Other markets were little changed in line with Asian stock markets amid concerns about the insurgency in Iraq. For Asian Companies click; For South East Asia Hot Stock reports, click; SOUTHEAST ASIAN STOCK MARKETS Change on day Market Current Prev Close Pct Move TR SE Asia Index* 425.77 426.44 -0.16 Singapore 3290.26 3293.25 -0.09 Kuala Lumpur 1871.58 1876.74 -0.27 Bangkok 1471.85 1456.02 +1.09 Jakarta 4885.46 4926.66 -0.84 Manila 6758.45 6784.95 -0.39 Ho Chi Minh 572.37 574.48 -0.37 Change on year Market Current End 2013 Pct Move TR SE Asia Index* 425.77 388.37 +9.63 Singapore 3290.26 3167.43 +3.88 Kuala Lumpur 1871.58 1866.96 +0.25 Bangkok 1471.85 1298.71 +13.33 Jakarta 4885.46 4274.18 +14.30 Manila 6758.45 5889.83 +14.75 Ho Chi Minh 572.37 504.63 +13.42 * 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 = 43.8600 Philippine Pesos) ($1 = 3.2170 Malaysian Ringgit) (Reporting by Viparat Jantraprap; Editing by Anand Basu)
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