* Malaysia gains for third straight session
* Indonesia's index of 45 most liquid stocks down 2 pct
By Karthika Suresh Namboothiri
May 15 (Reuters) - Philippine shares extended gains for a
third consecutive session and touched a one-month high on
Tuesday as foreign buying continued, while Indonesia shed nearly
1 percent weighed down by financials.
The Philippine index rose as much as 1.6 percent,
with real estate and industrials leading the gains.
"There is inflow of foreign funds and it’s a subsequent move
from last week," said Manny Cruz, analyst at Asiasec Equities
Property developer SM Prime Holdings gained as
much as 6 percent and SM Investment Corp rose 1.5
Bangko Sentral ng Pilipinas had raised its benchmark
interest rate for the first time in over three years on
Thursday, following robust first-quarter GDP data, which is
helping the markets, added Cruz.
Foreign investors net bought 571.1 million pesos ($10.88
million) worth of equities on Friday, according to Philippine
Stock Exchange data. The financial markets were closed on Monday
for a holiday.
Malaysian stocks edged 0.5 percent higher, with
telecom and consumer sectors reaping benefits from a possible
repeal of the goods and service tax.
Telecommunication service provider Maxis Bhd
climbed as much as 5.4 percent, while Genting Malaysia
was up 1.8 percent.
In other parts of Southeast Asia, Indonesia slipped
over 1.5 percent, dragged down by financials. Indonesian
equities took a beating all of last week on capital outflow
Apart from the suicide bombing attacks that happened on
Monday, the currency is also one of the worst performers in the
region, adding to investor anxiety, Cruz said.
Bank Central Asia shed over 3 percent while Bank
Mandiri fell as much as 2.8 percent.
An index of country's 45 most liquid stocks fell
about 2 percent.
Thailand fell marginally as gains in healthcare
stocks were offset by losses in financials and energy stocks.
PTT Public Co, down as much as 1.8 percent, was the
For Asian Companies click;
SOUTHEAST ASIAN STOCK MARKETS AS AT 0421 GMT
Change on the day
Market Current Previous close Pct Move
Singapore 3552.01 3562.46 -0.29
Bangkok 1766.69 1773.1 -0.36
Manila 7866.3 7752.11 1.47
Jakarta 5861.5 5947.155 -1.44
Kuala Lumpur 1856.82 1850.42 0.35
Ho Chi Minh 1075.03 1066.98 0.75
Change on year
Market Current End 2017 Pct Move
Singapore 3552.01 3402.92 4.38
Bangkok 1766.69 1753.71 0.74
Manila 7866.3 8558.42 -8.09
Jakarta 5861.5 6355.654 -7.78
Kuala Lumpur 1856.82 1796.81 3.34
Ho Chi Minh 1075.03 984.24 9.22
($1 = 52.5090 Philippine pesos)
(Reporting by Karthika Suresh Namboothiri)