June 20, 2017 / 6:05 AM / a year ago

SE Asia Stocks-Most fall; Malaysia hits 2-wk low

    By Nicole Pinto
    June 20 (Reuters) - Most Southeast Asian stock markets fell on Tuesday, with
Malaysia hitting its lowest in two weeks as continuing outflows dampened
investor sentiment, while a holiday next week marking the end of the Muslim holy
month of Ramadan thinned trading volumes.
    Meanwhile, a report that index services provider MSCI will likely open its
Emerging Markets Index to China's A shares as soon as next week was
also seen as a drag on Southeast Asian markets.
    "Southeast Asia stocks that were included in MSCI Emerging market may have
their weightage reduced to make way for stocks in China A Shares thus could see
selling pressure in affected stocks partly due to rebalancing of portfolio,"
said Nik Ihsan from Maybank Investment Bank.
    Malaysia shares posted their biggest intraday drop in more than a
month ahead of the May inflation data due on Wednesday.
    Malaysian consumer prices in May were likely 4.0 percent higher
from a year earlier, a Reuters poll showed, cooling in pace for the second month
in a row.
    "Malaysia stock market lightly traded ahead of the Aidilfitri festival next
week while ongoing foreign outflow since the past weeks dampen investors
interest," Nik Ihsan said.   
    Maxis Bhd slipped 4.3 percent, while Tenaga Nasional
fell 1.3 percent.     
    Philippines shares fell as much as 0.3 percent ahead of the May
budget balance data and central bank policy review due this week. A Reuters poll
showed that it was widely expected to leave interest rates steady.
    However, some economists see an interest rate increase of up to 50 basis
points in the second half of this year.    
    Losses on the benchmark were concentrated in the real estate and financial
sector, with Ayala Land down 0.8 percent and JG Summit losing
0.7 percent. 
    Singapore shares edged down 0.1 percent, with index heavyweight
Jardine Matheson Holdings falling 1.6 percent. 
    Vietnam shares edged down 0.1 percent after closing at a fresh
nine-year high on Monday. 
For Asian Companies click;  

  Change on the                                     
  Market          Current      Previous     Pct Move
  Singapore       3242.81      3247.18      -0.13
  Bangkok         1578.65      1581.14      -0.16
  Manila          7929.51      7943.75      -0.18
  Jakarta         5751.739     5741.909     0.17
  Kuala Lumpur    1781.21      1788.9       -0.43
 Ho Chi Minh      766.12       766.83       -0.09
  Change so far                             
 this year                                  
  Market          Current      End 2016     Pct Move
  Singapore       3242.81      2880.76      12.57
  Bangkok         1578.65      1542.94      2.31
  Manila          7929.51      6840.64      15.9
  Jakarta         5751.739     5296.711     8.59
  Kuala Lumpur    1781.21      1641.73      8.50
 Ho Chi Minh      766.12       664.87       15.2

 (Reporting by Nicole Pinto in Bengaluru; Editing by Amrutha Gayathri)
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