BANGKOK, Oct 18 (Reuters) - Most Southeast Asian stocks
edged higher on Friday, poised for modest gains on the week, as
investors piled into regional large caps after strong quarterly
results, with solid Chinese data supporting sentiment across
Asian stock markets.
Singapore-listed Keppel Corp, the builder of
offshore oil rigs, rose about 1 percent after it posted a 32
percent rise in third-quarter net profit.
The key Straits Times Index edged up 0.3 percent,
on track for a weekly gain of 0.6 percent, building on a 1.3
percent rise on the previous week.
Stocks in Thailand and the Philippines outperformed, with
Thai SET index gaining 0.9 percent at midday and the
Philippine main index adding 0.6 percent, both climbing
around 1.7 percent week to date.
Shares in Bangkok Bank jumped 2.5 percent after
Thailand's largest lender by assets reported a 21 percent rise
in quarterly net profit, beating estimates.
Philippine conglomerate San Miguel Corp were the
top percentage gainer on the Philippine benchmark index, up 5.2
percent, after a report that the conglomerate is set to
distribute shares in its controlling shareholder Top Frontier
Investment Holdings Inc.
Indonesia was among weak spot, with Jakarta's composite
index drifting slightly into negative territory, led by
losses in the biggest firm Astra International due to
weak outlook of auto sales next year.
Shares in coal miners, including Adaro Energy and
Harum Energy, bucked the trend, with brokers citing a
report involving stricter regulation on Chinese coal mines that
could contract world coal supply.
"It appears that sentiment wise, this news has provided some
positive share price boost towards the Indonesian listed coal
companies," broker Bahana Securities said in a report.
The benchmark Indonesian index is set to end the week 0.2
For Asian Companies click;
For South East Asia Hot Stock reports, click;
SOUTHEAST ASIAN STOCK MARKETS
Change at 0602 GMT
Market Current Prev Close Pct Move
TR SE Asia Index* 422.91 420.69 +0.53
Singapore 3197.60 3186.62 +0.34
Kuala Lumpur 1797.32 1797.42 -0.01
Bangkok 1482.17 1469.09 +0.89
Jakarta 4513.13 4518.93 -0.13
Manila 6601.11 6560.88 +0.61
Ho Chi Minh 500.21 499.59 +0.12