SE Asia Stocks-Most up; Thai stocks drop after late selling

Tue Jun 18, 2013 11:09am BST

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BANGKOK, June 18 (Reuters) - Most Southeast Asian stocks
rose for a third session on Tuesday as recently oversold shares
continued to rebound, but volume slid as investors waited for
more clarity on the U.S. Federal Reserve's stimulus programme.
    The Philippine composite index, which measures the
performance of 30 large-cap stocks soared 2.8 percent, bringing
its gains over three sessions to 6.5 percent almost paring last
week's loss.
    Jakarta's Composite Index rose 1.4 percent, adding
to the previous two-session rally of 3.6 percent, while 
Singapore's Straits Times Index climbed 1.5 percent 
after a combined gain of 1.7 percent on Monday and Friday.
    The Thai benchmark SET index bucked the trend,
dropping nearly 3 percent to 1,427.42, as market players took
profits late in session with the index near a psychological
resistance of 1,500.
    "The uncertainty about the U.S. stimulus policy is still in
the market and we have those short-term players who wanted to
lock profits after two-day gains," said Teerawut Kanniphakul, a
strategist at CIMB Securities (Thailand).
    The Thai stock market racked up a 4.8 percent gain in two
sessions to Monday due to short-covering, but concerns about the
U.S. monetary policy kept more investors on the sidelines.
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 Change on day
 Market             Current     Prev Close    Pct Move
 TR SE Asia Index*   427.81        430.10       -0.53
 Singapore          3229.55       3183.44       +1.45
 Kuala Lumpur       1774.05       1772.17       +0.11
 Bangkok            1427.42       1471.04       -2.97
 Jakarta            4840.45       4774.50       +1.38
 Manila             6518.77       6339.41       +2.83
 Ho Chi Minh         498.88        498.52       +0.07
 Change on year
 Market             Current     End prev yr    Pct Move
 TR SE Asia Index*   427.81        424.10       +0.87
 Singapore          3229.55       3167.08       +1.97
 Kuala Lumpur       1774.05       1688.95       +5.04
 Bangkok            1427.42       1391.93       +2.55
 Jakarta            4840.45       4316.69      +12.13
 Manila             6518.77       5812.73      +12.15
 Ho Chi Minh         498.88        413.73      +20.58
* 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         272,140,900          272,313,503      
 Kuala Lumpur      120,170,400          179,420,780      
 Bangkok            11,038,361            9,971,623      
 Jakarta         4,659,277,500        4,817,255,233    
 Manila                105,693              121,233    
 Ho Chi Minh            55,766               72,688