U.S. Markets close in 4 hrs 27 mins
  • S&P 500

    4,704.54
    +15.87 (+0.34%)
     
  • Dow 30

    35,870.95
    -60.10 (-0.17%)
     
  • Nasdaq

    15,993.71
    +72.14 (+0.45%)
     
  • Russell 2000

    2,363.59
    -13.42 (-0.56%)
     
  • Gold

    1,861.20
    -0.20 (-0.01%)
     
  • Silver

    24.88
    -0.02 (-0.08%)
     
  • EUR/USD

    1.1369
    -0.0006 (-0.0568%)
     
  • 10-Yr Bond

    1.5890
    -0.0150 (-0.94%)
     
  • Vix

    17.59
    +0.48 (+2.81%)
     
  • GBP/USD

    1.3497
    -0.0003 (-0.0216%)
     
  • USD/JPY

    114.3040
    +0.0520 (+0.0455%)
     
  • BTC-USD

    57,429.11
    +341.85 (+0.60%)
     
  • CMC Crypto 200

    1,402.14
    -65.80 (-4.48%)
     
  • FTSE 100

    7,255.96
    -35.24 (-0.48%)
     
  • Nikkei 225

    29,683.09
    +84.43 (+0.29%)
     

SE Asia Stocks-Philippines snaps 5 days of falls; Vietnam drops most in nearly 4 months

By Nikhil Nainan

Dec 5 (Reuters) - Philippine shares snapped five straight

sessions of declines on Tuesday, driven by real estate and

financial stocks, while Vietnam fell the most in nearly four

months.

The Philippine Stock Exchange PSEI Index closed 0.8

percent higher with market heavyweights SM Prime Holdings Inc

climbing 2.1 percent and Ayala Land gaining

1.8 percent.

But the gains may be temporary, according to Joseph Roxas,

president at Manila-based Eagle Equities.

"I think in the next few days, we should try to test the

lows again," he said.

Meanwhile, data showed inflation cooled for the first time

in five months to 3.3 percent in November amid concerns of the

economy overheating.

The central bank governor said annual inflation is on track

to meet the bank's forecast of 3.2 percent for the year.

He had said last month that the economy was not at the risk

of overheating, and with slowing inflation, pressure may ease on

the central bank to raise interest rates next year.

Vietnam shares dropped 1.7 percent, dragged down by

losses in Vingroup JSC and Vietnam Dairy Products JSC

. Vingroup closed 4 percent lower, while Vietnam Dairy

fell about 2 percent.

Among other markets, Malaysia rose the most in more

than a month with a gain of 0.7 percent.

Hong Leong Bank was the biggest boost with a jump

of 11.1 percent to a record close.

Singapore shares gave up early gains to close

marginally lower with City Developments shedding close

to 3 percent and CapitaLand declining 1.7 percent.

A survey released late on Monday showed that factory

activities rose for a 13th consecutive month in November to

their highest in eight years.

The Thai stock market was closed for a national

holiday.

For Asian Companies click;

SOUTHEAST ASIAN STOCK MARKETS: CHANGE ON THE DAY

Market Current previous close Pct Move

Singapore 3438.06 3438.47 -0.01

Manila 8145 8084.45 0.75

Jakarta 6000.474 5998.195 0.04

Kuala Lumpur 1724.84 1713.13 0.68

Ho Chi Minh 953.3 970.02 -1.72

Change so far this year

Market Current End 2016 Pct Move

Singapore 3438.06 2880.76 19.35

Manila 8145 6840.64 19.07

Jakarta 6000.474 5296.711 13.29

Kuala Lumpur 1724.84 1641.73 5.06

Ho Chi Minh 953.3 664.87 43.38

(Reporting by Nikhil Kurian Nainan; Editing by Subhranshu Sahu)