SE Asia Stocks-Thai stocks fall as investors await rate decision

martes 10 de marzo de 2015 06:49 GYT

BANGKOK, March 10 (Reuters) - Thai shares posted their
biggest single-day loss in almost three months on Tuesday as a
bout of late selling in energy stocks weighed, while banks
snapped a three-day rising streak ahead of the central bank's
decision on interest rates.
    Other markets in Southeast Asia were range-bound amid weak
sentiment in Asia on concerns the U.S. Federal
Reserve would increase interest rates by mid-year. 
    The key SET index fell 1.8 percent, the biggest
single-day fall since Dec. 15.
    Shares of PTT Exploration and Production, the no.
2 energy firm by market value, shed 4.9 percent while
third-ranked PTT Global Chemical slipped 2.2 percent.
    The banking subindex declined 2.7 percent after a
third straight gain on Monday to the highest in more than one
week. Investors lowered risks on a possible cut in policy rates
by the Bank of Thailand, dealers said.
    Prime Minister General Prayuth Chan-ocha said on Tuesday
Thailand should not rush to cut interest rates, backing market
expectations that the central bank would leave policy unchanged
at Wednesday's meeting.  
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 Change on day
 Market             Current     Prev Close    Pct Move
 Singapore          3398.26       3404.57       -0.19
 Kuala Lumpur       1789.73       1791.74       -0.11
 Bangkok            1531.04       1559.71       -1.84
 Jakarta            5462.93       5444.63       +0.34
 Manila             7828.48       7820.29       +0.10
 Ho Chi Minh         589.66        588.44       +0.21
 Change on year
 Market             Current       End 2014    Pct Move
 Singapore          3398.26       3365.15       +0.98
 Kuala Lumpur       1789.73       1761.25       +1.62
 Bangkok            1531.04       1497.67       +2.23
 Jakarta            5462.93       5226.95       +4.51
 Manila             7828.48       7230.57       +8.27
 Ho Chi Minh         589.66        545.63       +8.07
 (Reporting by Viparat Jantraprap; Editing by Biju Dwarakanath)