SE Asia Stocks-Indonesia retreats but inflows continue
BANGKOK, July 17 (Reuters) - Indonesian shares ended two days of gains on Thursday as local investors led selling in rallying shares such as Semen Indonesia and Bank Tabungan Negara, but steady inflows since last week's elections reflected a broader positive sentiment. The vote count so far suggests Jakarta's populist governor Joko "Jokowi" Widodo is leading in the presidential election while the official result is due out on July 22. Jakarta's benchmark composite index fell 0.8 percent, reversing from Wednesday's rise to the highest in more than 13 months. Foreign investors bought shares for a sixth consecutive day on Thursday, with net purchases worth 530.2 billion rupiah ($45.4 million), taking their net buying in six days to 9.18 trillion rupiah ($786 million), Thomson Reuters data showed. The market had seen a drop in foreign inflows in June and early July, before the elections. The Thai SET index hit the highest close in more than 13 months as foreign inflows continued for a seventh straight session. Shares of Kasikornbank and Bangkok Bank remained unchanged ahead of their quarterly results. After market close, Kasikornbank posted April-June net profit of 11.7 billion baht, close to expectations, while Bangkok Bank reported net profit of 9.03 billion baht for the quarter, slightly higher than expected. Other Southeast Asian stock markets were little changed, in line with broader Asia. 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* 440.86 440.84 +0.01 Singapore 3306.89 3304.43 +0.07 Kuala Lumpur 1883.14 1886.71 -0.19 Bangkok 1535.66 1530.42 +0.34 Jakarta 5071.20 5113.93 -0.84 Manila 6867.36 6834.04 +0.49 Ho Chi Minh 590.37 589.68 +0.12 Change on year Market Current End 2013 Pct Move TR SE Asia Index* 440.86 388.37 +13.52 Singapore 3306.89 3167.43 +4.40 Kuala Lumpur 1883.14 1866.96 +0.87 Bangkok 1535.66 1298.71 +18.25 Jakarta 5071.20 4274.18 +18.65 Manila 6867.36 5889.83 +16.60 Ho Chi Minh 590.37 504.63 +16.99 * 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 = 11680.0000 Rupiahs) (Reporting by Viparat Jantraprap; Editing by Anupama Dwivedi)
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