September 23, 2016 / 10:32 AM / 2 years ago

SE Asia Stocks-Most recover, post weekly gains

By Suhail Hassan Bhat
    Sept 23 (Reuters) - Most Southeast Asian stock markets
recovered from early falls on Friday but ended the week in
positive territory, on gains in previous sessions after the
Federal Reserve stood pat on rates and the Bank of Japan
revamped its policy earlier this week.
    The markets fell initially due to profit-taking following
gains in the previous sessions, after Fed Chair Janet Yellen
signalled that the Fed would like a rate cut by year-end. The
Fed also redrew a less aggressive rise in rates next year and in
    Markets in Southeast Asia are experiencing a technical
correction given that it is a Friday, said Mikey Macainag, an
analyst with Manila-based Sunsecurities.
    Singapore shares climbed after two sessions of losses
and ended the week with gains. DBS Group Holdings fell
0.13 percent, while diversified business company Jardine
Matheson Holdings gained 1.8 percent.    
    Singapore's headline consumer price index fell 0.3 percent
in August, data showed on Friday, compared with a 0.4 percent
median fall forecast in a Reuters survey.
    Indonesian shares rose for the third straight
session, and snapped three weeks of declines, with consumer
staples and materials sectors contributing the most.
    Kretek-maker PT Hanjaya Mandala Sampoerna rose 0.7
percent and cement maker PT Indocement Tunggal Prakarsa
 gained 3.3 percent.
    Philippine shares fell, snapping four consecutive
sessions of gains, with industrials and consumer staples leading
the declines. However, the index posted its first weekly gain in
    JG Summit Holdings < JGS.PS> dropped 3.4 percent, while
Aboitiz Equity Ventures Inc dipped  1.5 percent.
    Thai shares fell 0.9 percent but posted gains for
the second straight week, while Vietnam closed higher,
recording a fifth session of gains.
    For Asian Companies click;  

  STOCK MARKETS                                        
  Change on day                                        
  Market           Current       Previous     Pct Move
  Singapore        2856.95       2846.06      0.38
  Bangkok          1492.88       1505.99      -0.87
  Manila           7723.6        7762.35      -0.50
  Jakarta          5388.908      5380.262     0.16
  Kuala Lumpur     1670.99       1669.66      0.08
  Ho Chi Minh      674.09        671.38       0.40
  Change this                                 
  Market           Current       End 2015     Pct Move
  Singapore        2856.95       2882.73      -0.89
  Bangkok          1492.88       1288.02      15.91
  Manila           7723.6        6952.08      11.10
  Jakarta          5388.908      4593.008     17.33
  Kuala Lumpur     1670.99       1692.51      -1.27
  Ho Chi Minh      674.09        579.03       16.42
 (Reporting by Suhail Bhat; Editing by Gopakumar Warrier)
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