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SE Asia Stocks-Most gain as investors look for local triggers
April 18, 2017 / 5:47 AM / 8 months ago

SE Asia Stocks-Most gain as investors look for local triggers

    By Rushil Dutta
    April 18 (Reuters) - Most Southeast Asian stock markets rose
on Tuesday, recovering from recent losses as investors moved
past issues about North Korea and looked for triggers from local
    Indonesian shares rose as much as 0.9 percent in
their biggest intraday percentage gain since March-end and were
headed for their first gain in three sessions on the back of
gains in financial and telecom stocks. 
    Bank Rakyat Indonesia and Bank Mandiri
gained 3.8 percent and 1.5 percent, respectively.
    The Jakarta SE Composite index shed 0.7 percent in the
previous session as geopolitical concerns overshadowed
higher-than-expected Mach exports data.
    "This (trade data) probably could be one of the catalysts
for the positive sentiment in the market today," said Arief
Budiman of Jakarta-based Ciptadana Securities.
    Jakarta is to hold the second round of gubernatorial
elections on April 19 which sees the incumbent Christian
governor of Jakarta, Basuki "Ahok" Tjahaja Purnama and his
Muslim opponent neck and neck in the race to lead Indonesia's
    The election campaign - which has been among the most
divisive in the city's history - has been marred by religious
and ethnic tension over the blasphemy trial of Purnama, who is
accused of insulting Islam.
    "While likely a local event, a loss for incumbent governor
Ahok may prove negative for the market sentiment," Nomura said
in a note.
    Thai shares saw broad-based gains and were 0.4
percent higher with material, consumer, and financial stocks
rising the most.
    PTT Exploration and Production, however, was the
biggest net gainer on the index, up 1.8 percent.
    Singapore shares snapped two sessions of falls to
trade slightly higher, helped by industrials and consumer
    Malaysian shares rose for a second straight session,
while Vietnam was headed for a fifth straight session of
falls, after having declined 2.8 percent in the previous four
For Asian Companies click;  

 Market                   Current   Previous Close  Pct Move
 Singapore                3144.27   3138.3          0.19
 Bangkok                  1582.27   1575.91         0.40
 Manila                   7588.69   7588.53         0.00
 Jakarta                  5619.512  5577.487        0.75
 Kuala Lumpur             1738.67   1733.93         0.27
 Ho Chi Minh              708.3     710.83          -0.36
 Change on year                                     
 Market                   Current   End 2016        Pct Move
 Singapore                3144.27   2880.76         9.15
 Bangkok                  1582.27   1542.94         2.55
 Manila                   7588.69   6840.64         10.90
 Jakarta                  5619.512  5296.711        6.09
 Kuala Lumpur             1738.67   1641.73         5.90
 Ho Chi Minh              708.3     664.87          6.50
 (Reporting by Rushil Dutta; Additional reporting by Anusha
Ravindranath in Bengaluru; Editing by Subhranshu Sahu)

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