October 20, 2016 / 10:27 AM / 2 years ago

SE Asia Stocks-Subdued ahead of ECB meeting

By Susan Mathew
    Oct 20 (Reuters) - Most Southeast Asian stock markets fell
on Thursday after two straight sessions of gains, while Thailand
posted its highest close in nearly two weeks with energy stocks
leading the rise.
    Investors were watchful before the final U.S. presidential
debate in the early session, and will keep an eye out for the
ECB policy meeting later in the day. 
    The debate was judged to have given no clear boost to
Republican Donald Trump's hopes of winning the White House
    A win for Democrat Hillary Clinton next month - now
predicted clearly by polls - is also seen as opening the way for
a rise in interest rates which a number of U.S. Federal Reserve
policymakers have all but promised for December. 
    Investors will also be focused on whether ECB President
Mario Draghi will give any indications that the central bank
will begin tapering its bond purchase programme. 
    Oil prices dipped on profit-taking, after rallying in the
previous session on a surprisingly large drop in crude oil
    Thai shares closed 0.4 pct higher in their third
straight session of gains, led by energy stocks.
    Energy companies PTT Exploration and Production Pcl
 and PTT Pcl were the biggest gainers in the
    Other Southeast Asian markets fell, with Vietnam 
declining the most, led by financials and consumer
    Real estate company Vingroup JSC and Vietnam Dairy
Products JSC lost the most in their respective sectors.
    Indonesian shares declined for the second straight
session, while Philippine stocks fell as investors booked
profits after two consecutive sessions of gains. 
    The industrial sector fell the most, with Ayala Corp 
and DMCI Holdings shedding over 1 percent each.        
For Asian Companies click;  

  Market            Current       previous     Pct Move
  Singapore         2842.62       2844.62      -0.07
  Bangkok           1492.73       1486.28      0.43
  Manila            7713.32       7721.57      -0.11
  Jakarta           5403.69       5409.288     -0.10
  Kuala Lumpur      1667.18       1668.27      -0.07
  Ho Chi Minh       686.39        688.89       -0.36
  Change on year                               
  Market            Current       End 2015     Pct Move
  Singapore         2842.62       2882.73      -1.39
  Bangkok           1492.73       1288.02      15.89
  Manila            7713.32       6952.08      10.95
  Jakarta           5403.69       4593.008     17.65
  Kuala Lumpur      1667.18       1692.51      -1.50
  Ho Chi Minh       686.39        579.03       18.54
 (Reporting by Susan Mathew in  Bengaluru; Editing by Subhranshu
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