ASEAN KEY DESTINATIONS
The Stock Exchange of Thailand (SET) composite index moved down 9.76 points, or 1.29 percent, to close at 764.34 points on Monday. Some 2.00 billion shares worth 18.29 billion baht (about 571 million U.S. dollars) changed hands. The Thai stock exchange says 34 listed companies that had planned annual shareholder meetings in the city have changed their plans because of safety concerns.
Economic growth in Thailand, Southeast Asia’s second-biggest economy, could be cut by 0.64 percentage point this year if the mass protest is prolonged for up to three months, according to a preliminary government estimate.
The Jakarta Composite Index on Monday closed at another record high even as investors turned away from top-tier stocks to second-tier companies that offered better value, analysts said.
The JCI gained 19.98 points, or 0.7 percent, to close at 2,944.71.
Volume was moderate. Some 6.9 billion shares worth Rp 3.9 trillion ($432.9 million) changed hands. Gainers outnumbered decliners 129 to 73.
Stocks and emerging market currencies were also supported by news from Greece that the country wouldn’t restructure its debt, and that bailout money in the form of an aid package from the International Monetary Fund would be available to it “rather soon.”
The rupiah touched Rp 8,989 against the US dollar, its highest level since July 2007, before finishing little changed at Rp 9,005.
Philippine stocks closed 1.48 percent higher on Monday.
The benchmark Philippine Stock Exchange index increased by 48. 14 points to 3,292.59. The all-share index went up by 25.20 points, or 1.25 percent, to 2,043.12. In Manila, the biggest oil refiner Petron Corp (PCOR) surged 10 percent after San Miguel Corp (SMCB) unveiled plans on Monday to take a significant stake in Petron, stepping up the conglomerate’s transformation into a heavy industry group.
The trade volume reached 949.7 million shares worth 3.60 billion pesos (81.05 million U.S. dollars).
Vietnam’s stock market index, VN-Index, closed at 531. 21 points on Monday, up 1.9 points, or 0.36 percent, against the previous trading day.
A total of 69.63 million shares worth 2.62 trillion Vietnamese dong (VND) (138.1 million U.S. dollars) changed hands at the Ho Chi Minh City Stock Exchange.
The shares prices in Singapore rose 14.13 points or 0.47 percent on Monday with the benchmark Straits Times Index ( STI) closing at 3,002.62 points.
The city state’s factory output grew by double-digits from a year ago as the trade-dependent economy continues its rebound from its worst ever-recession last year. Commodities firms were among gainers.
The overall volume stood at 2.05 billion shares worth 1.53 billion Singapore dollars (about 1.12 billion U.S. dollars).
The Malaysia stock market ended higher here on Monday.
The Kuala Lumpur Composite Index (KLCI) was at 1,340.07 up 3.29 points or 0.25 percent, and the Emas was at 9,095.43 up 20.96 points or 0.23 percent.
Turnover decreased to 799.91 million shares valued at 936.06 million ringgit Malaysia (293.99 million U.S. dollars).Global Markets By Region
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