December 4, 2017 / 10:58 AM / a year ago

Asia Graphics -Vietnamese equities lead Asia-Pacific price gains in November

Dec 4 (Reuters) - Vietnamese shares reached decade-highs and topped Asia-Pacific with the highest price gains in November, bolstered by rising foreign interest during the month.

Foreigners were net buyers of about $500 million of shares in the country’s stock market in November, the highest monthly purchases in at least seven years.

Singapore-listed Jardine Cycle & Carriage Ltd’s purchases of about $900 million in Vinamilk’s shares was seen as a positive for Vietnamese markets, with government aiming to trim its stakes in more state-owned firms.

Vietnam will also kick off the sale of a majority stake in Sabeco, the country’s biggest brewer, in December.

The Vietnam index rose more than 13 percent in November.

Hong Kong and Japanese shares rose more than 3 percent each in November.

Sri Lankan stocks led the losers with a fall of 3.11 percent, followed by China and Taiwan shares with declines of more than 2 percent.

South Korean, Malaysian, Thai, Philippine and Indian equities fell between 1 to 2 percent.

Asia-Pacific markets performance Nov 2017:

Asia-Pacific markets performance 2017:

Asia-Pacific equities valuations:

Asia-Pacific equities analyst revisions score:

Reporting by Gaurav Dogra and Patturaja Murugaboopathy; Editing by Richard Borsuk

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