SE Asia Stocks-Most edge up; Thai stocks off lows on AIS results

Thu Feb 7, 2013 10:38am GMT

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BANGKOK, Feb 7 (Reuters) - Most Southeast Asian stock
markets eked out slim gains on Thursday as investors awaited the
European Central Bank's policy meeting due later in the day,
with Thai stocks recouping most early losses, led by gains in
Advanced Info Service.
    Bangkok's SET index closed at 1,499.81, down 0.04
percent, rebounding from its day low of 1,482.64.
Telecommunications company Advanced Info Service Pcl 
rose 3 percent after it reported a 131 percent increase in
quarterly earnings and set a higher-than-expected dividend.
    UBS Investment Research told a press briefing the strength
of domestic consumption remained supportive to Thai stock
market, with its end-year SET index target set at 1,530 and
energy, real estate and telecoms among its 'overweight' lists.
    "Consumer credit as a percentage of household income stands
at 47 percent; we believe 60 percent could be reached by
2015/16, at which point the Bank of Thailand could reign in
credit," the broker said in a report.
    Weak earnings weighed on broader market in Singapore, with
the Straits Times Index down 0.45 percent at 3261.77,
weighed by a fall in CapitaMalls Asia Ltd shares,
following weak quarterly earnings. 
    Foreign investors sold Thai shares worth a net 3.04 billion
baht ($102.15 million) and offloaded a net 33.07 million ringgit
($10.67 million) worth of Malaysian shares, stock exchange data
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 Change on day
 Market             Current     Prev Close    Pct Move
 TR SE Asia Index*   438.47        437.58       +0.20
 Singapore          3261.77       3276.53       -0.45
 Kuala Lumpur       1619.57       1614.14       +0.34
 Bangkok            1499.81       1500.35       -0.04
 Jakarta            4503.15       4498.98       +0.09
 Manila             6459.99       6431.35       +0.45
 Ho Chi Minh         490.62        488.36       +0.46
 Change on year
 Market             Current     End prev yr    Pct Move
 TR SE Asia Index*   438.47        424.10       +3.39
 Singapore          3261.77       3167.08       +2.99
 Kuala Lumpur       1619.57       1688.95       -4.11
 Bangkok            1499.81       1391.93       +7.75
 Jakarta            4503.15       4316.69       +4.32
 Manila             6459.99       5812.73      +11.14
 Ho Chi Minh         490.62        413.73      +18.58
* 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         259,164,900          272,313,503      
 Kuala Lumpur      193,279,100          146,112,170      
 Bangkok            18,229,175           20,923,508      
 Jakarta         4,207,824,500        3,694,477,817    
 Manila                102,573              109,015    
 Ho Chi Minh            73,006               78,727