SE Asia Stocks -Up ahead of Fed; Malaysia near 6-week high

jueves 17 de septiembre de 2015 01:42 GYT
 

BANGKOK, Sept 17 (Reuters) - Southeast Asian stock markets
rose on Thursday ahead of a likely policy move by the U.S.
Federal Reserve, with stocks in Malaysia outperforming and
Singapore hitting a more than one-week high as a big jump in
global oil prices boosted energy stocks.
    Oil prices jumped as much as 6 percent on Wednesday after a
U.S. stock draw. Oil bulls were also encouraged by doubts on
whether the Fed will decide to hike U.S. interest rates on
Thursday after tame August inflation data. 
    Malaysia's Kuala Lumpur composite index was up 2.1
percent on a rally in oil-related stocks. The index touched
1,691.93, a near six-week high, on resuming trade after a market
holiday.
    Shares of oil and gas services firm Sapurakencana Petroleum
Bhd was up 7 percent and Tenaga Nasional Bhd 
was 2.3 percent higher, among top gainers.
    Affin Hwang Capital said in a strategy note that a surge in
crude oil prices and the strengthening ringgit would
help the index to test the next target of 1,700.
    "Energy-related stocks are expected to advance further," it
said.
    Singapore's Straits Times Index climbed 1 percent
to the highest since Sept. 9. Shares of oil and gas services
firm Keppel Corporation advanced 3.7 percent, the
biggest percentage gainer.
    A handful of regional energy shares posted strong gains,
including Thailand's PTT Exploration and Production Pcl
 which rose 2.1 percent and Philippine Energy
Development Corp which was up 3.7 percent.
    Indonesia's Perusahaan Gas Negara was up 3.2
percent, outpacing the key Jakarta composite index's 0.8
percent gain, with investors awaiting the Indonesian central
bank's interest rate decision, expected after 0600 GMT.
  
    The Thai SET index rose for a second day, the
Philippines' key index headed for a fifth straight gain
and Vietnam posted modest gains, its second.
    Asian stocks edged up to a three-week high on Thursday ahead
of the Fed rate decision. 
    
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SOUTHEAST ASIAN STOCK MARKETS
 Change at 0524 GMT
 Market             Current     Prev Close    Pct Move
 Singapore          2898.47       2868.74       +1.04
 Kuala Lumpur       1682.33       1647.15       +2.14
 Bangkok            1390.64       1381.80       +0.64
 Jakarta            4368.86       4332.51       +0.84
 Manila             7145.30       7093.92       +0.72
 Ho Chi Minh         565.37        564.13       +0.22
 
 (Reporting by Viparat Jantraprap; Additional reporting by
Jongwoo Cheon in Singapore; Editing by Biju Dwarakanath)