September 5, 2017 / 10:41 AM / 10 months ago

SE Asia Stocks-Most recover from early fall; Singapore outperforms

    By Aditya Soni
    Sept 5 (Reuters) - Most Southeast Asian stock markets
recovered from early fall to close higher on Tuesday as
investors started looking beyond the North Korea issues.
    Singapore shares led the gains in the region with a
rise of 0.6 percent. 
    Financials accounted for most of the gains with DBS Group
Holdings, Singapore's biggest financial stock by
market value, rising 2.1 percent and Oversea-Chinese Banking
Corp climbing 1.4 percent.
    Data released after market hours on Monday showed that the
city-state's factory activity expanded at its fastest pace since
November 2014, helped by a rise in new orders, new exports and
factory output.
    MSCI's broadest index of Asia-Pacific shares outside Japan
 was up 0.3 percent as expectations that Beijing
will maintain support for its economy ahead of a key congress
supported Chinese stocks and metals prices.
    Philippine shares recovered from early falls to close
slightly higher, extending gains into a fourth session.
    "Market was down all day long, however, on the pre-close
there was some last-minute buying that pushed up the stocks of
select companies such as SM Investments, Jollibee and 
Megaworld," said Lexter Azurin, a senior analyst with
Manila-based AB Capital Securities.
    Industrial and consumer discretionary stocks led the upward
charge with Jollibee Foods Corp rising 2.5 percent and
SM Investments climbing 0.9 percent.
    Data released earlier in the day showed that the country's
annual inflation in August quickened for the second straight
    Indonesian shares snapped five consecutive sessions
of falls to end the day up 0.28 percent with Bank Central Asia
rising 0.7 percent.
    Vietnam shares extended gains into a fourth session
and closed at their highest level in four weeks. Vietcombank
 rose as much as 3.2 percent to its highest since August
For Asian Companies click;  

  Market           Current       previous     Pct Move
  Singapore        3251.26       3230.97      0.63
  Bangkok          1620.42       1619.11      0.08
  Manila           8049.35       8035.2       0.18
  Jakarta          5829.979      5813.741     0.28
  Kuala Lumpur     1769.63       1773.16      -0.20
 Ho Chi Minh       792.31        788.73       0.45
  Change so far                               
 this year                                    
  Market           Current       End 2016     Pct Move
  Singapore        3251.26       2880.76      12.86
  Bangkok          1620.42       1542.94      5.02
  Manila           8049.35       6840.64      17.67
  Jakarta          5829.979      5296.711     10.07
  Kuala Lumpur     1769.63       1641.73      7.79
 Ho Chi Minh       792.31        664.87       19.17
 (Reporting by Aditya Soni; Editing by Subhranshu Sahu)
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