May 28, 2019 / 10:19 AM / 3 months ago

SE Asia Stocks-Indonesia leads losses, corporate results boost Malaysia stocks

    * Philippines snaps three sessions of losses
    * Malaysia rises to a 1-week high
    * Indonesia falls over 1%

    By Shreya Mariam Job
    May 28 (Reuters) - Indonesia shares dropped over 1% on
Tuesday, making them the top losers in Southeast Asia as
political unrest continued, while strong corporate results
boosted Malaysian stocks. 
    The Indonesian benchmark stock index snapped three
sessions of gains, dragged by financial and telecom sectors. 
    Shares of Bank Negara Indonesia Tbk Pt shed as
much as 6.9% to its lowest level since May 20, while
Telekomunikasi Indonesia fell 3.4%.
    An Indonesian police spokesman on Monday said that the
police had arrested six people suspected of plotting to
assassinate four state officials during a wave of civil unrest
in Jakarta last week.
    Meanwhile, Malaysian stocks rallied to a one-week high,
surging around 0.8%.  
    State utility company Tenaga Nasional Bhd gained
2.6% after posting a near 8% rise in quarterly revenue.
    Shares of AMMB Holdings Bhd rose 2.8% after
declaring a dividend of 15 sen per share and posting a 33% rise
in its full-year net profit after tax and minority interests
(PATMI) to 1,505.3 million Malaysian ringgit ($359.73 million).
    Philippine and Thai indices were among the other gainers.
The Philippine Stock Exchange index snapped three
sessions of losses to rise 0.5% on the back of real estate
stocks. SM Prime Holdings Inc and Ayala Land Inc
  climbed 2.2% and 1.2%, respectively.
    Meanwhile, Thai stocks pared some of its gains from
earlier in the session to end the day 0.4% higher. 
    Rest of the markets in the region traded slightly lower as
investors awaited further developments on the U.S.-China trade
front.
    "The trade truce which was in play since the turn of the
year has devolved into a waiting game where everyone waits to
see who blinks first," a note from Maybank said. 
    U.S. President Donald Trump told at a news conference that
Washington was not ready to make a deal with Beijing, but he
expected one in the future dampening investor sentiment.

    Singapore stocks edged marginally lower, while
Vietnam stocks dipped 0.3%.
    
    
For Asian Companies click;  

SOUTHEAST ASIAN STOCK MARKETS
 Change on the day                                
 Market                 Current   Previous close  Pct Move
 Singapore              3165.32   3170.77         -0.17
 Bangkok                1632.04   1624.84         0.44
 Manila                 7761.29   7725.01         0.47
 Jakarta                6033.142  6098.974        -1.08
 Kuala Lumpur           1614.57   1601.35         0.83
 Ho Chi Minh            972       975.14          -0.32
                                                  
 Change so far in 2019                            
 Market                 Current   End 2018        Pct Move
 Singapore              3165.32   3068.76         3.15
 Bangkok                1632.04   1563.88         4.36
 Manila                 7761.29   7,466.02        3.95
 Jakarta                6033.142  6,194.50        -2.60
 Kuala Lumpur           1614.57   1690.58         -4.50
 Ho Chi Minh            972       892.54          8.90
 



($1 = 4.1845 ringgit)


 (Reporting by Shreya Mariam Job in Bengaluru; editing by
Uttaresh.V)
  
Nuestros Estándares:Los principios Thomson Reuters
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