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MARKET DEVELOPMENT
SE Asia Stocks-Mostly Firmer; Indonesia up on Palm Oil Shares, Inflow
calendar22-10-2015 | linkReuters | Share This Post:

22/10/2015 (Reuters) - Most Southeast Asian stock markets rose on Wednesday, with Indonesia hitting a more than two-month high, helped by palm oil shares and inflows, but sentiment was slightly dented as China's benchmark indexes posted their worst daily performance in five weeks.
 
Some investors awaited clues from the European Central Bank's policy meeting scheduled later in the week, while the slow pace of growth in Japan's exports due to weakness in China also hit investor sentiment.

The Jakarta Composite Index ended 0.4 percent higher after touching its highest level since Aug. 11 in early trade. Jakarta saw a net foreign inflow of $27.24 million.

The stock index got a boost as a rise in crude palm oil prices to 2-week highs sent shares of plantation firms soaring.

PT Astra Agro Lestari and PT London Sumatra Indonesia Tbk rose 5.8 percent and 9.6 percent, respectively.
 
Thai shares closed 0.2 percent weaker, but energy shares were firmer, led by a 2.1 percent rise in PTT Exploration and Production. 
                  

SOUTHEAST ASIAN STOCK MARKETS

 Change on the day
 Market             Current     Prev Close    Pct Move
 Singapore          3025.70       3024.50       +0.22
 Kuala Lumpur       1707.68       1705.03       +0.12
 Bangkok            1415.80       1418.63       -0.20
 Jakarta            4605.23       4585.82       +0.42
 Manila             7092.90       7060.85       +0.45
 Ho Chi Minh         590.24        590.45       -0.04
 
 Change on year
 Market             Current       End 2014    Pct Move
 Singapore          3025.70       3365.15      -10.09
 Kuala Lumpur       1707.68       1761.25       -3.07
 Bangkok            1415.80       1497.67       -5.47
 Jakarta            4605.23       5226.95      -11.89
 Manila             7092.90       7230.57       -1.90
 Ho Chi Minh         590.24        545.63       +8.18
     

($1 = 13,712.0000 rupiah)