April 4, 2016 / 6:26 AM / 2 years ago

SE Asia Stocks-Most up; Singapore rebounds on property stocks

JAKARTA, April 4 (Reuters) - Most Southeast Asian stock
markets rose on Monday, in line with other Asian indexes after
better-then-expected U.S. payroll data underpinned investor risk
    Singapore's Strait Times Index rose 0.7 percent,
rebounding from a 0.8 percent fall on Friday, when it closed at
its lowest level since March 10. 
    Property developers in Singapore were the biggest gainers,
with City Developments Ltd rising 2.3 percent and Wing
Tai Holdings adding 0.6 percent. 
    Singapore home prices fell at a lower-than-expected rate,
indicating resilience in the property market, broker Maybank Kim
Eng said in a note. A recent reversal in interest rates should
also support property prices, the broker added.
    Manufacturing data from the U.S. helped eased concerns about
slump in the global manufacturing activity.
    "Employment remains the strongest and more resilient pillar
of the U.S. economic recovery ...  Still, the report is unlikely
to be a game changer and the Fed will most likely wait for
further evidence that the economy is on a solid path of growth
before thinking about raising rates again," BIMB Securities said
in a note.
    Malaysia and the Philippines each gained 0.5
    Indonesia's composite index posted a small 0.1
percent gain amid expectation of a fall in inflation as the
government lowered fuel price this month.
    Bucking the trend, Thailand's SET Index and Vietnam
index both fell 0.1 percent each.
For Asian Companies click;  

 Change 0530 GMT
 Market           Current     Prev close    Pct move
 Singapore           2836.94     2818.49          0.65
 Kuala Lumpur        1719.23     1710.55          0.51
 Bangkok             1400.02     1400.72         -0.05
 Jakarta            4849.146    4843.186          0.12
 Manila              7281.31     7245.13          0.50
 Ho Chi Minh          557.66      558.43         -0.14
 (Reporting by Fransiska Nangoy; Editing by Anand Basu)
0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below