SE Asia Stocks-Thai stocks up for 2nd day as tensions ease; Indonesia rebounds

Reuters

BANGKOK, Nov 6 (Reuters) - Thai stocks extended gains for a

second session on Wednesday as positive comments by a senator on

the political amnesty bill triggered a new round of short

covering, while Indonesian shares pared earlier losses amid

bargain hunting in large caps.

In a relatively strong trading volume, Thailand's key SET

index rose 1.4 percent to 1,434.97, the highest close

since Oct. 31, building on a gain of nearly 2 percent on the

previous session.

The rally came after the Speaker of Thailand's Senate said

it will reject an amnesty bill critics say is aimed at bringing

back convicted former premier Thaksin Shinawatra from exile, a

move that could defuse rising tension on the streets of Bangkok.

The exchange saw heavy buying in large caps such as Siam

Commercial Bank Pcl, Airports of Thailand Pcl,

and Glow Energy Pcl which were among shares hit by

recent selloff amid escalating protests against the bill.

Many analysts said market sentiment remained fragile due to

uncertainties ahead of the Senate's reading of the controversial

bill on Monday.

Foreign investors offloaded shares worth a net 1.9 billion

baht ($60.8 million) on Wednesday, for a fifth consecutive

session, stock exchange data showed.

Indonesia's main index finished up 0.6 percent in

light trading volume. Shares of the biggest firm by value Astra

International Tbk rose 1.6 percent, recovering earlier

losses and ending a three-day losing streak.

The benchmark slipped at one point after data from the

statistics bureau showed gross domestic product in the

July-September quarter grew 5.62 percent, its slowest in nearly

four years.

Stocks in the Philippines fell for a fourth session

to their lowest close since Oct. 14 while Singapore,

Malaysia edged lower, in line with Asian stock markets

amid uncertainty over monetary policy in the U.S. and Europe.

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SOUTHEAST ASIAN STOCK MARKETS

Change on day

Market Current Prev Close Pct Move

TR SE Asia Index* 416.95 415.97 +0.24

Singapore 3205.29 3205.54 -0.01

Kuala Lumpur 1803.05 1807.47 -0.24

Bangkok 1434.97 1415.44 +1.38

Jakarta 4449.76 4423.29 +0.60

Manila 6477.30 6519.58 -0.65

Ho Chi Minh 502.52 499.79 +0.55

Change on year

Market Current End prev yr Pct Move

TR SE Asia Index* 416.95 424.10 +1.69

Singapore 3205.29 3167.08 +1.21

Kuala Lumpur 1803.05 1688.95 +6.76

Bangkok 1434.97 1391.93 +3.09

Jakarta 4449.76 4316.69 +3.08

Manila 6477.30 5812.73 +11.43

Ho Chi Minh 502.52 413.73 +21.46

* 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 214,266,300 203,046,305

Kuala Lumpur 131,234,300 116,686,400

Bangkok 10,025,955 7,808,267

Jakarta 2,690,530,500 3,459,806,400

Manila 81,799 85,980

Ho Chi Minh 81,850 66,873

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