SE Asia Stocks-Most retreat; Jakarta off high after weak Q4 GDP

Tue Feb 5, 2013 10:36am GMT

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BANGKOK, Feb 5 (Reuters) - Southeast Asian stock markets
ended mostly lower on Tuesday as weaknesses in broader Asia
prompted profit-taking, with Singapore falling to a one-week low
while Indonesia ending off record high after
weaker-than-expected fourth quarter GDP data.
    Singapore's Straits Times Index was down 0.8
percent at 3,272.66, the lowest close since Jan. 29, matching a
0.9 percent fall in the MSCI's broadest index of Asia-Pacific
shares outside Japan.
    Jakarta's Composite index eased 0.3 percent to
4,479.44, climbing at one point to an intraday record of
4,492.53 and after Monday's record finish of 4,490.57.
 
    Stocks in Malaysia and Thailand recouped most of their early
losses amid late buying into battered energy names such as PTT
Pcl and Petronas Gas Bhd.
    Malaysia's index edged down 0.07 percent to 1,633.35
and Thai index eased 0.04 percent to 1,505.72. The
Philippines pared early losses to rise 0.5 percent to
6,470.49, topping Monday's record finish of 6,435.98.
    Valuations of some Southeast Asian blue chips has recently
increased amid optimism about 2013 earnings growth.
    "Last week, MSCI Thailand 2013 consensus earnings growth
estimates were revised up the most by 35 basis points, followed
by MSCI Singapore by 3 bps," Morgan Stanley Research said in its
ASEAN weekly chartbook dated Feb. 1.
    "During the last one month, PER for Indonesia has increased
the most, by 3 percent... MSCI Thailand is currently trading at
16 percent premium to its 7-year average at 12.0x," it said.
        
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SOUTHEAST ASIAN STOCK MARKETS
 Change on day
 Market             Current     Prev Close    Pct Move
 TR SE Asia Index*   437.63        439.66       -0.46
 Singapore          3272.66       3297.37       -0.75
 Kuala Lumpur       1633.35       1634.55       -0.07
 Bangkok            1505.72       1506.37       -0.04
 Jakarta            4479.44       4490.57       -0.25
 Manila             6470.49       6435.98       +0.54
 Ho Chi Minh         477.36        482.38       -1.04
 
 Change on year
 Market             Current     End prev yr    Pct Move
 TR SE Asia Index*   437.63        424.10       +3.19
 Singapore          3272.66       3167.08       +3.33
 Kuala Lumpur       1633.35       1688.95       -3.29
 Bangkok            1505.72       1391.93       +8.17
 Jakarta            4479.44       4316.69       +3.77
 Manila             6470.49       5812.73      +11.32
 Ho Chi Minh         477.36        413.73      +15.38
 
* The Thomson Reuters South East Asia Index               is a
highly representative indicator of stocks listed in Indonesia,
Malaysia, the Philippines, Singapore, Thailand and Vietnam.
    
 Stock Market Volume (shares)
 Market          Current Volume    Average Volume 30 days
 Singapore         210,531,100          272,313,503      
 Kuala Lumpur      115,757,400          145,664,123      
 
 Bangkok            11,478,120           20,834,124      
 Jakarta         5,858,776,500        3,572,919,417    
 Manila                138,342              104,400    
 Ho Chi Minh            63,407               79,438
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