January 17, 2020 / 4:17 AM / 2 months ago

SE Asia Stocks-Most rise as China data lifts spirit; Indonesia drops on weak auto sales

    * China's Q4 GDP comes in line with expectations
    * Singapore's Dec exports post surprise rebound

    By Anushka Trivedi
    Jan 17 (Reuters) - Indonesian shares skid on Friday as weak
auto sales data weighed on consumer stocks, while most other
Southeast Asian markets climbed as a slew of solid data from
China lifted investor sentiment.
    Indonesia's main stock index slid as much as 0.3%,
with Astra International Tbk PT, the country's largest
automobile distributor, being the biggest laggard with a drop of
more than 1%.
    Auto sales in Indonesia declined 1.4% last month, with all
major brands reporting weaker numbers than a year earlier.

    Jefferies analysts said they did not expect Astra to make a
meaningful recovery in 2020, but expect it to maintain its
market leadership. 
    An index of Jakarta's forty-five most liquid stocks
 was 0.1% lower.
    Meanwhile, China, the world's second-largest economy,
matched market expectations with a 6% growth in the fourth
quarter. It also logged a surprise acceleration in factory
output and investment growth to end 2019 on a firmer note.

    "These numbers suggest that China's economy has stabilised
following exhaustive efforts by the government and central bank
... The negative direction of travel by China's economy may have
been abated," ING analysts said in a note.
    Malaysian shares advanced 0.3%, driven by
telecommunication stocks.
    Axiata Group Bhd jumped 6.2% in its best intraday
gain in over eight months, while Digi.com Bhd advanced
    Philippine stocks edged higher after two consecutive
sessions of falls, but were on track for a weekly decline of
    Financial and real estate stocks led gains, with BDO Unibank
Inc and Ayala Land Inc adding 0.6% and 1.6%,
    Singapore shares were largely flat, with telecoms
weighing on the benchmark index, after exports posted a surprise
rebound in December after nine months of contraction, partly
boosted by a sharp rise in pharmaceutical shipments.

    However, economists said further declines in electronics
exports did not yet indicate the recovery could be sustained.
    Singapore Telecommunications Ltd was the top drag 
with a nearly 1% fall.  
    Thai shares rose 0.3%, heading for a more than 1.1%
weekly gain.
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 STOCK MARKETS                                    
 Change on the day                                
 Market                 Current   Previous close  Pct Move
 Singapore              3274.38   3278            -0.11
 Bangkok                1600.57   1595.87         0.29
 Manila                 7669.95   7653.18         0.22
 Jakarta                6271.677  6286.048        -0.23
 Kuala Lumpur           1592.95   1587.88         0.32
 Ho Chi Minh            976.01    974.31          0.17
 Change so far in 2020                            
 Market                 Current   End 2019        Pct Move
 Singapore              3274.38   3222.83         1.60
 Bangkok                1600.57   1579.84         1.31
 Manila                 7669.95   7,815.26        -1.86
 Jakarta                6271.677  6,299.54        -0.44
 Kuala Lumpur           1592.95   1588.76         0.26
 Ho Chi Minh            976.01    960.99          1.56
 (Reporting by Anushka Trivedi in Bengaluru; Editing by
Subhranshu Sahu)
Nuestros Estándares:Los principios Thomson Reuters
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