SE Asia Stocks-Most higher; Thai stocks drop after domestic funds sell

Reuters

BANGKOK, Oct 21 (Reuters) - Thai stocks dropped 2.4 percent

on Monday, their biggest one-day loss in a month, on selling by

institutional investors, while most others in Southeast Asia

posted modest gains as investors looked ahead to a deluge of

U.S. data for clues to the Federal Reserve's stimulus tapering.

Late selloffs sent the Thai SET index to its lowest

close in nearly two weeks, with True Corp leading the

fall after a 6.6 percent drop. True Corp shares were the most

actively traded on the exchange.

Banking shares were hit hard after a rally last week which

was boosted by favourable quarterly results. Large-cap

Kasikornbank Pcl slid 3.6 percent after block trades

at lower than market prices.

Domestic institutions sold a net 4 billion baht ($129

million) in Thai shares, while foreign investors bought a net

1.1 billion baht ($35.4 million), a third straight session of

buying, data from the stock exchange showed.

Fund flows were mixed across the region.

Malaysia's main index edged up 0.2 percent as the

market brought in 15 million ringgit ($4.75 million) of foreign

inflows, while Indonesia's benchmark index gained 0.7

percent, led by shares of cigarette firm Gudang Garam

.

The Jakarta bourse saw net foreign selling of 36,222 million

rupiah ($3.20 million), Thomson Reuters data showed.

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SOUTHEAST ASIAN STOCK MARKETS

Change on day

Market Current Prev Close Pct Move

TR SE Asia Index* 420.77 423.53 -0.65

Singapore 3195.76 3192.90 +0.09

Kuala Lumpur 1802.61 1799.59 +0.17

Bangkok 1448.54 1484.72 -2.44

Jakarta 4578.18 4546.57 +0.70

Manila 6597.56 6607.83 -0.16

Ho Chi Minh 501.57 500.83 +0.15

Change on year

Market Current End prev yr Pct Move

TR SE Asia Index* 420.77 424.10 -0.79

Singapore 3195.76 3167.08 +0.91

Kuala Lumpur 1802.61 1688.95 +6.73

Bangkok 1448.54 1391.93 +4.07

Jakarta 4578.18 4316.69 +6.06

Manila 6597.56 5812.73 +13.50

Ho Chi Minh 501.57 413.73 +21.23

* 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 274,733,300 209,590,012

Kuala Lumpur 107,015,100 127,716,720

Bangkok 8,829,481 9,119,146

Jakarta 4,002,371,000 4,031,190,750

Manila 97,633 92,479

Ho Chi Minh 112,334 57,100

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