February 13, 2017 / 10:12 AM / 6 months ago

SE Asia Stocks-End higher; Singapore index hits 18-mth top

By Geo  Tharappel
    Feb 13 (Reuters) - Southeast Asian stock markets ended
higher on Monday as investor concerns eased after U.S. President
Donald Trump set aside tough campaign rhetoric over security and
jobs in a meeting with Japanese Prime Minister Shinzo Abe.
    Trump's change of tack to agree to honour the "one China"
policy, and his tax reform plans coupled with generally upbeat
global economic data also boosted sentiment. 
  
    China posted much stronger-than-expected trade data for
January as demand picked up at home and abroad. 
    "The easing of global uncertainties is a common denominator
for regional markets," said Taye Shim, head of research at Mirae
Asset Sekuritas.
    Singapore shares rose 0.4 percent to close at an
18-month high, led by telecom and industrials.
    Singapore Telecommunications Ltd climbed 1.3
percent to hit a more than four-month closing high, its third
straight session of gains.
    United Overseas Bank Ltd added 0.8 percent to
touch a two-month closing high.
    Philippine shares climbed 0.8 percent to close at a
two-week high, led by industrials and financials.
    Conglomerates JG Summit Holdings Inc and Ayala Corp
 each rose about 2 percent.
    Indonesia gained 0.7 percent to close at a
three-month high, with financials leading the gains. 
    Bank Central Asia Tbk PT ended 3.5 percent higher.
    Malaysian shares gained up to 0.7 percent to close
at a more than nine-month high, led by financial and utilities.
    Power utility Tenaga Nasional Bhd added 1.2
percent, while CIMB Group Holdings Bhd climbed 1.8
percent higher to hit an 18-month closing high.
    Thailand was closed for a holiday.
    In Asia, MSCI's broadest index of Asia-Pacific shares
outside Japan was up 0.5 percent at 0945 GMT,
hovering at 18-month high levels.
        
For Asian Companies click;  

SOUTHEAST ASIAN STOCK MARKETS: Change on the day
  Market             Current      prev close  Pct Move
  Singapore          3111.63      3100.39     0.36
  Manila             7294.67      7235.21     0.82
  Jakarta            5409.556     5371.669    0.71
  Kuala Lumpur       1710.24      1698.94     0.67
  Ho Chi Minh        705.9        703.78      0.30
                                              
  Change this year                            
  Market             Current      End 2016    Pct Move
  Singapore          3111.63      2880.76     8.01
  Manila             7294.67      6840.64     6.64
  Jakarta            5409.556     5296.711    2.13
  Kuala Lumpur       1710.24      1641.73     4.17
  Ho Chi Minh        705.9        664.87      6.17
 
 (Reporting by Geo Tharappel in Bengaluru; Editing by Biju
Dwarakanath)

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