Post by Admin on Aug 7, 2013 14:22:47 GMT 8
07-08-2013 13:57:30
SE Asia Stocks-Most up; Thai stocks flat amid political worries
BANGKOK, Aug 7 (Reuters) - Most Southeast Asian stocks edged
slightly higher on Wednesday amid selective buying in a thin
market, with an anti-government rally in Bangkok capping the
Thai benchmark and sending the baht to a one-month low.
[ID:nL4N0G80D0]
The SET index traded nearly unchanged around the 1,428
level, with trading volume falling to around 30 percent of the
full-day average over the past 30 sessions. The market has been
range-bound since late last week over political worries.
The index is likely to continue its downside bias in a
trading range of 1,400-1,440 later in the day, strategists at
broker Phillip Securities wrote in a report.
"The market remained clouded by domestic political pressure
as controversial amnesty-related bills are tabled for debate in
parliament today amid protests against the bills," they said.
Thailand's parliament was due to debate a political amnesty
bill on Wednesday as anti-government protesters marched to try
to get it scrapped, saying it could let ex-premier Thaksin
Shinawatra return from exile without having to serve a jail
sentence. [ID:nL4N0G30M7]
The Thai bourse said foreign investors were net sellers of
shares over the past four sessions worth a combined $107
million. [TH/TRADING02]
Singapore's Straits Times Index <.FTSTI> edged up 0.2
percent, poised for a modest loss of 0.7 percent on the week,
while Malaysia's key index <.KLSE> was down 0.3 percent, on
track to end the week 1.2 percent lower.
The Philippine index <.PSI> was up 0.3 percent after losses
over the past three sessions. Vietnam <.VNI> climbed 0.8
percent, extending Tuesday's gain.
Investors bought regional large caps in a reporting season,
including Singapore's DBS Group Holdings , Malaysia's
Maxis , Thailand's Advanced Info Service Pcl
and Philippine Ayala Land Inc .
Trading volume in the region was relatively light in a
shortened week, with Singapore and Malaysia shut on Thursday and
Friday, and the Philippines on Friday, for a public holiday.
Indonesia is shut for the week for Eid Al-Fitr holidays.
Asian stocks fell to their lowest since mid-July early on
Wednesday following a second day of losses on Wall Street as
uncertainty about when the U.S. Federal Reserve would start to
reduce stimulus kept a leash on market bulls. [MKTS/GLOB]
SE Asia Stocks-Most up; Thai stocks flat amid political worries
BANGKOK, Aug 7 (Reuters) - Most Southeast Asian stocks edged
slightly higher on Wednesday amid selective buying in a thin
market, with an anti-government rally in Bangkok capping the
Thai benchmark and sending the baht to a one-month low.
[ID:nL4N0G80D0]
The SET index traded nearly unchanged around the 1,428
level, with trading volume falling to around 30 percent of the
full-day average over the past 30 sessions. The market has been
range-bound since late last week over political worries.
The index is likely to continue its downside bias in a
trading range of 1,400-1,440 later in the day, strategists at
broker Phillip Securities wrote in a report.
"The market remained clouded by domestic political pressure
as controversial amnesty-related bills are tabled for debate in
parliament today amid protests against the bills," they said.
Thailand's parliament was due to debate a political amnesty
bill on Wednesday as anti-government protesters marched to try
to get it scrapped, saying it could let ex-premier Thaksin
Shinawatra return from exile without having to serve a jail
sentence. [ID:nL4N0G30M7]
The Thai bourse said foreign investors were net sellers of
shares over the past four sessions worth a combined $107
million. [TH/TRADING02]
Singapore's Straits Times Index <.FTSTI> edged up 0.2
percent, poised for a modest loss of 0.7 percent on the week,
while Malaysia's key index <.KLSE> was down 0.3 percent, on
track to end the week 1.2 percent lower.
The Philippine index <.PSI> was up 0.3 percent after losses
over the past three sessions. Vietnam <.VNI> climbed 0.8
percent, extending Tuesday's gain.
Investors bought regional large caps in a reporting season,
including Singapore's DBS Group Holdings , Malaysia's
Maxis , Thailand's Advanced Info Service Pcl
and Philippine Ayala Land Inc .
Trading volume in the region was relatively light in a
shortened week, with Singapore and Malaysia shut on Thursday and
Friday, and the Philippines on Friday, for a public holiday.
Indonesia is shut for the week for Eid Al-Fitr holidays.
Asian stocks fell to their lowest since mid-July early on
Wednesday following a second day of losses on Wall Street as
uncertainty about when the U.S. Federal Reserve would start to
reduce stimulus kept a leash on market bulls. [MKTS/GLOB]