SE Asia Stocks-Bangkok, Manila retreat in holiday-thinned trade
BANGKOK, Feb 11 (Reuters) - Philippine and Thai stocks
failed to hold on to earlier gains to fall on Monday, amid
selling in recent gainers such as Ayala Land Inc and
Bangkok Bank Pcl while Indonesia posted modest gains,
led by energy names such as United Tractors Tbk.
Sharemarkets took a breather in the Lunar New Year holiday
in subdued trade in Asia, with Singapore, Malaysia and Vietnam
shut.
The Philippine main index ended down 0.01 percent at
6,458.01 after touching an all-time high of 6500.08. Manila
still hovered near a record close of 6,470.49 hit on Feb. 5 and
remained in the overbought territory, while its 14-day relative
strength index (RSI) closed at 75.8 on Monday.
Bangkok's SET index fell 0.6 percent, extending its
loss for a fifth session and taking the index's 14-day RSI to
66.52, below the overbought mark of 70 and above.
Jakarta's Composite index was up 0.3 percent, helped
by selective buying in market laggards, including resources
shares. Its year-to-date gain was 4.3 percent, still
underperforming most others in Southeast Asia.
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SOUTHEAST ASIAN STOCK MARKETS
Change on day
Market Current Prev Close Pct Move
TR SE Asia Index* 438.57 438.97 -0.09
Singapore closed 3270.30 --
Kuala Lumpur closed 1623.80 --
Bangkok 1489.11 1497.30 -0.55
Jakarta 4503.25 4491.27 +0.27
Manila 6458.01 6458.67 -0.01
Ho Chi Minh closed 494.03 --
Change on year
Market Current End prev yr Pct Move
TR SE Asia Index* 438.57 424.10 +3.41
Singapore closed 3167.08 +3.26
Kuala Lumpur closed 1688.95 -3.86
Bangkok 1489.11 1391.93 +6.98
Jakarta 4503.25 4316.69 +4.32
Manila 6458.01 5812.73 +11.10
Ho Chi Minh closed 413.73 +19.41
* 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
Bangkok 14,883,642 21,352,900
Jakarta 2,779,326,000 3,763,004,150
Manila 65,059 110,850
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