SE Asia Stocks-Malaysia up on institutional buying; Thailand, Indonesia weak

Reuters

BANGKOK, Oct 16 (Reuters) - Malaysian shares hit a

three-week closing high, while most other Southeast Asian stocks

eked out small gains on Wednesday in light-to-moderate volume as

investors waited for a deal that would end the U.S. budget

stalemate.

Trading flagged across regional exchanges, with market

players putting money in laggard counters such as Malaysia's RHB

Capital, which led the gainers on Kuala Lumpur's

composite index.

Local institutions bought shares worth a net 112 million

ringgit ($35.21 million), offsetting foreign investors that were

net sellers of Malaysian shares for a seventh straight session,

the bourse said.

Among the weak spots, Bangkok's SET index and

Jakarta's composite index both dropped 0.6 percent as

large caps such as Siam Commercial Bank and PT

Telekomunikasi Indonesia retreated after their recent

rally.

The Indonesian stock exchange saw foreigners selling shares

worth a net 300,054 million rupiah ($26.4 million), according to

Thomson Reuters data.

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SOUTHEAST ASIAN STOCK MARKETS

Change on day

Market Current Prev Close Pct Move

TR SE Asia Index* 417.28 417.38 -0.02

Singapore 3174.03 3165.25 +0.28

Kuala Lumpur 1791.37 1784.76 +0.37

Bangkok 1464.38 1472.90 -0.58

Jakarta 4492.26 4519.91 -0.61

Manila 6483.57 6442.70 +0.63

Ho Chi Minh 498.96 495.72 +0.65

Change on year

Market Current End prev yr Pct Move

TR SE Asia Index* 417.28 424.10 -1.61

Singapore 3174.03 3167.08 +0.22

Kuala Lumpur 1791.37 1688.95 +6.06

Bangkok 1464.38 1391.93 +5.21

Jakarta 4492.26 4316.69 +4.07

Manila 6483.57 5812.73 +11.54

Ho Chi Minh 498.96 413.73 +20.60

* The Thomson Reuters South East Asia Index is a

highly representative indicator of stocks listed in Indonesia,

Malaysia, the Philippines, Singapore, Thailand and Vietnam.

Stock Market Volume (shares)

Market Current Volume Average Volume 30 days

Singapore 201,059,100 211,501,800

Kuala Lumpur 134,063,200 127,910,717

Bangkok 10,884,575 8,564,658

Jakarta 2,532,377,000 4,073,381,650

Manila 96,870 87,678

Ho Chi Minh 69,933 55,760

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