SE Asia Stocks-Mixed; Philippines near record high ahead of inflation data
JAKARTA, March 4 (Reuters) - Southeast Asian stock markets traded mixed on Wednesday as stocks in the Philippines rose on hopes of easing inflation while Indonesian shares were down after touching a fresh intraday record on Tuesday. The Philippines' main stock index closed 0.9 percent higher on Wednesday, its biggest single-day gain in a month. The index was supported by property stocks such as Ayala Land Inc, which gained 4 percent and Robinsons Land Corp which rose 2.8 percent. Some investors are expecting inflation to ease, said Astro del Castillo, managing director of First Grade Finance Inc, an investment house in Manila. Philippines' February inflation data will be out on Thursday. "Interest rates will be flat for the rest of the year, which is good for the property sector," del Castillo said. The Vietnam market closed at its highest since Nov. 17 on solid inflows into blue-chips from both foreign and domestic investors. The Indonesian main stock index fell 0.5 percent after touching a new intraday high on Tuesday at 5,499.77. Indonesian state-controlled coal miner PT Bukit Asam Tbk lost 2 percent after reporting lower 2014 profit, erasing some of its 4.3 percent gain in the past three days. Singapore closed 0.2 percent lower, while Malaysia rose 0.2 percent. The Thai stock market is closed for a public holiday on Wednesday. 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 3415.53 3422.11 -0.19 Kuala Lumpur 1825.54 1821.25 +0.24 Bangkok - 1582.14 - Jakarta 5448.06 5474.62 -0.49 Manila 7847.83 7776.51 +0.92 Ho Chi Minh 600.39 596.72 +0.62 Change on year Market Current End 2014 Pct Move Singapore 3415.53 3365.15 +1.50 Kuala Lumpur 1825.54 1761.25 +3.65 Bangkok 1582.14 1497.67 +5.64 Jakarta 5448.06 5226.95 +4.23 Manila 7847.83 7230.57 +8.54 Ho Chi Minh 600.39 545.63 +10.0 (Reporting by Fransiska Nangoy; Additional reporting by Neil Jerome Morales in MANILA; Editing by Biju Dwarakanath)
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