SE Asia Stocks -Most weaker; Indonesia retreats from record high
BANGKOK, Jan 26 (Reuters) - Southeast Asian stock markets mostly fell on Monday, with the Indonesian benchmark retreating from the previous session's record closing high amid profit-taking, while shares of Thai Airways International underperformed on the Bangkok bourse. Jakarta's composite index closed down 1.2 percent at 5,260.02 from Friday's record closing high of 5,323.89. Selling hit recent gainers such as Bank Mandiri and Unilever Indonesia. In Bangkok, shares of national carrier Thai Airways dropped 5.1 percent amid concerns about its finances, traders said. Thailand's military-led government has approved a restructuring plan for Thai Airways in a bid to restore profitability to the national carrier's operations, a senior government official said on Monday. The broader SET index fell 0.6 percent, erasing early gains. Shares of Bank of Ayudhya, which led the index higher in early trade, finished 13.8 percent lower after the bank denied a report about acquisition of additional BAY shares by major shareholder Japan's Mitsubishi UFJ Financial Group (MUFG) and delisting from the exchange. Stocks in Singapore and Malaysia ended lower after last week's rallies, with other markets trimming gains as global markets turned cautious after Greece's Syriza party promised to roll back austerity measures after its victory in a snap election. 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 Singapore 3398.52 3411.50 -0.38 Kuala Lumpur 1796.44 1803.08 -0.37 Bangkok 1588.31 1598.33 -0.63 Jakarta 5260.02 5323.89 -1.20 Manila 7586.67 7548.93 +0.50 Ho Chi Minh 580.64 582.38 -0.30 Change on year Market Current End 2014 Pct Move Singapore 3398.52 3365.15 +0.99 Kuala Lumpur 1796.44 1761.25 +2.00 Bangkok 1588.31 1497.67 +6.05 Jakarta 5260.02 5226.95 +0.63 Manila 7586.67 7230.57 +4.92 Ho Chi Minh 580.64 545.63 +6.42 (Reporting by Viparat Jantraprap; Editing by Anupama Dwivedi)
© Thomson Reuters 2016 All rights reserved.