SE Asia Stocks -Mixed amid Fed rate uncertainty; Malaysia banks fall ahead of rate decision

viernes 11 de septiembre de 2015 00:59 GYT
 

BANGKOK, Sept 11 (Reuters) - Southeast Asian stock markets
were mixed on Friday as a rally in overnight oil prices lifted
energy shares, but selling in banking stocks sent the Malaysian
index lower ahead of a rate  decision by the central bank.
    The Kuala Lumpur composite index was down 0.5
percent after three sessions of gains and set to end the week
about 1 percent higher.
    Top percentage losers were CIMB Group Holdings and
RHB Capital, which fell 2.2 and 2.4 percent,
respectively.
    The central bank is expected to unveil its interest rate
decision around 1000 GMT after market hours, with all 13
economists in a Reuters poll expecting it to hold the benchmark
rate steady at 3.25 percent. 
    The Thai SET index advanced as much as 0.5 percent
to a near four-week high and was on track for its third straight
weekly gain amid buying interest from local mutual funds.
 
    Thai stocks are likely to stay range-bound as investors
pared equity holdings ahead of the U.S. Federal Reserve policy
meeting, strategists at broker Phillip Securities said in a
report.
    "Though an upside surprise from the Federal Reserve's
decision to hold off interest rate hike looks more likely than a
downside surprise but the room for further upside is however
still limited," Phillip Securities said in the report.
    Share markets have a mixed performance on the week amid
uncertainty over a Fed rate decision. Vietnam was on
course for a 2.8 percent gain, while Indonesia and the
Philippines headed for a weekly loss.
    Singapore, which was closed on Friday for a polling
day, posted a weekly gain of 0.9 percent after seven straight
weeks of falls.
    Energy shares were outperformers across exchanges, led by a
6.6 percent surge in Indonesia's Perusahaan Gas Negara
. Philippine Manila Electric rose 0.9 percent
and Thai Oil increased 2.9 percent. 
    Asian shares rose following gains on Wall Street, while the
dollar firmed after facing pressure from a rise in the yuan, but
gains were capped by uncertainty over whether the Federal
Reserve will raise interest rates next week. 
    
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SOUTHEAST ASIAN STOCK MARKETS
 Change at 0422 GMT
 Market             Current     Prev Close    Pct Move
 Kuala Lumpur       1605.81       1614.02       -0.51
 Bangkok            1400.78       1396.16       +0.33
 Jakarta            4377.88       4343.26       +0.80
 Manila             6912.23       6893.54       +0.27
 Ho Chi Minh         572.63        572.07       +0.10
 
 (Reporting by Viparat Jantraprap; Editing by Subhranshu Sahu)