SE Asia Stocks-Vietnam ends at near 10-yr high; Thailand retreats

Reuters
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By Karthika Suresh Namboothiri

Nov 9 (Reuters) - Most Southeast Asian stock markets ended

slightly higher on Thursday, in line with their Asian peers,

with Vietnam closing at a near-decade high for a third

consecutive session.

MSCI's broadest index of Asia-Pacific shares outside Japan

edged up and was near a 10-year high hit in the

previous day, taking cues from overnight gains on Wall Street.

Sentiment got a boost after data showed China's producer

prices were surprisingly strong in October while consumer

inflation picked up pace, indicating that the world's

second-largest economy remains robust.

Vietnam inched 0.1 percent higher to levels unseen

since January 2008, buoyed by real estate stocks. Vingroup Joint

Stock Company closed at a record high.

The Singapore index ended 0.1 percent higher, at a

two-year high for a third consecutive session, as gains in

financials outweighed losses in industrials.

Jardine Matheson Holdings Limited closed 3.4

percent lower, while the nation's largest lender DBS Group

Holdings ended at its highest in nearly 18 years.

Philippine shares inched 0.1 percent higher, driven

by industrials and real estate stocks.

Industrial conglomerate JG Summit Holdings ended

3.2 percent higher, while property developer SM Prime Holdings

closed 1.2 percent up.

The country's central bank maintained its benchmark interest

rate at 3 percent as expected, with inflation remaining

manageable despite robust growth in the economy.

Malaysian benchmark index closed 0.2 percent higher.

Bank Negara Malaysia maintained key interest rate at 3 percent,

although inflation for full-year 2017 is expected to come in at

the higher end of its forecast range of 3-4 percent.

Thailand stocks ended the day 0.7 percent lower,

snapping three sessions of gains as a rise in consumer

confidence in October failed to cheer investors.

For Asian Companies click;

SOUTHEAST ASIAN STOCK MARKETS: CHANGE ON DAY

Change on the

day

Market Current Previous Pct Move

close

Singapore 3423.91 3421.25 0.08

Bangkok 1703.03 1714.65 -0.68

Manila 8519.82 8508.49 0.13

Jakarta 6042.46 6049.384 -0.11

Kuala Lumpur 1746.81 1744.2 0.15

Ho Chi Minh 860.4 859.7 0.08

Change on year

Market Current End 2016 Pct Move

Singapore 3423.91 2880.76 18.85

Bangkok 1703.03 1542.94 10.38

Manila 8519.82 6840.64 24.55

Jakarta 6042.46 5296.711 14.08

Kuala Lumpur 1746.81 1641.73 6.40

Ho Chi Minh 860.4 664.87 29.41

(Reporting by Karthika Namboothiri in Bengaluru; Editing by

Vyas Mohan)

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