SE Asia Stocks-Mixed; Indonesia and Philippines end losing streak
JAKARTA, May 4 (Reuters) - Southeast Asian stock markets traded mixed on Monday with stocks in Indonesia and Philippines rebounding after a recent bout of weakness. The Indonesian stock index closed up 1.1 percent, rebounding from a 7 percent decline in seven sessions. The market was hurt by weak first-quarter earnings which were seen as a preview to poor GDP data. "Risk reward is looking attractive albeit we suggest investors to buy sparingly as the market still lacks a positive catalyst," Trimegah Securities wrote in a note to clients on Monday. Shares of property company PT Lippo Karawaci Tbk jumped 10 percent, its biggest one-day gain since Sept. 19, 2013. The Philippine index rebounded from its lowest in nearly three months in the previous session, closing up 1.3 percent. Property company SM Prime Holdings Inc was among the biggest gainers, up 1.8 percent after its first-quarter profit surged 176 percent. The Singapore market closed 0.1 percent down, while Vietnam dropped 3 percent. Thailand and Malaysian markets are closed for public holidays and will resume on Tuesday. 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 3482.70 3487.39 -0.13 Kuala Lumpur -- 1842.93 -- Bangkok -- 1522.47 -- Jakarta 5141.14 5086.43 +1.08 Manila 7816.44 7714.82 +1.32 Ho Chi Minh 545.08 562.40 -3.08 Change on year Market Current End 2014 Pct Move Singapore 3482.70 3365.15 +2.60 Kuala Lumpur -- 1761.25 -- Bangkok -- 1497.67 -- Jakarta 5141.14 5226.95 -1.64 Manila 7816.44 7230.57 +8.10 Ho Chi Minh 545.08 545.63 -0.10 (Reporting by Fransiska Nangoy; Editing by Prateek Chatterjee)
© Thomson Reuters 2016 All rights reserved.