Friday October 23, 12:40 PM
SE Asia Stocks-Most markets up on earnings expectations
By Tyagita Silka
JAKARTA, Oct 23 (Reuters) - Major Southeast Asian stock
markets ended up on Friday, rebounding from a three-day sell off
as investors responded to positive earnings from U.S. and Asian
companies.
Indonesia's
index ended 1.43 percent higher, with
coal miner Adaro Energy (ADRO.JK - news) jumping 6.58 percent, helped by
a recommendation from Goldman Sachs (NYSE: GS - news) , while top automotive
distributor Astra International rose 4.15 percent.
The Jakarta market, which rebounded from falls earlier this
week, saw gains accelerate in the last few minutes of trade.
Singapore rose 1.2 percent, helped by a 3.6 percent
gain in commodities firm Noble Group (N21.SI - news) , which has just
completed a $2.4 billion three-tranche financing, the largest
syndicated loan in Asia ex-Australia so far this year.
Noble (NYSE: NE - news) said on Friday that coal sales at its subsidiary
Gloucester Coal Ltd rose 5 percent in its latest quarter, showing
signs of recovery.
'Sentiment is good, in view of the fact that it's better
corporate earnings for many of the major companies,' said Gabriel
Yap, Senior Dealing Director, of DMG Securities in Singapore.
'Of course with a better positioning in the U.S. market,
because the futures are up, things are looking good,' he added.
Stock index futures pointed to a slightly higher open for
Wall Street on Friday, as investors awaited results from software
giant Microsoft (NASDAQ: MSFT - news) and data on home sales.
At 0857 GMT, futures for the Dow Jones (news) , S&P 500
and Nasdaq (NASDAQ: news) were between 0.1 to 0.3 percent higher.
Manila's main stock index added 1.53 percent, boosted
by a 4.24 percent increase in mall-to banking group SM
Investments Corp and geothermal energy producer Energy
Development Corp, which gained 2.56 percent.
Vietnam bucked the firmer regional trend by falling
1.35 percent, weighed down by confectionary maker Kinh Do Corp , which lost 5 percent, and dairy firm Vinamilk,
shedding 0.58 percent.
In Malaysia, the main index ended up 0.56 percent,
with conglomerate Sime Darby (4197.KL - news) up 2.37 percent and CIMB
Group up 1.43 percent.
Bangkok's market was closed for a holiday on Friday.
It closed down 1.06 percent at 708.76 points on Thursday.
($1 = 9,485 rupiah)
(Editing by Ed Davies)
FACTORS TO WATCH:
Malaysia's Maxis eyes $3.7 bln from IPO (IPOA.NX - news)
C.Suisse,Deutsche bookrunners for CapitaLand (C31.SI - news) unit IPO
ASEAN focuses on rights, trade amid tight security
Thai rates to rise late 2010 at earliest
Thai king makes first appearance in over a month
For South East Asia Hot Stock reports, click;
SOUTHEAST ASIAN STOCK MARKETS
Change on the day
Market Current Prev Close Pct Move
Singapore 2715.34 2681.97 1.24
Kuala Lumpur 1267.10 1260.02 0.56
Bangkok 708.76 716.35 (closed)
Jakarta 2467.95 2433.18 1.43
Manila 2932.99 2888.72 1.53
Ho Chi Minh 615.68 624.10 -1.35
Change on year
Market Current End prev yr Pct Move
Singapore 2715.34 1761.56 +54.14
Kuala Lumpur 1267.10 876.75 +44.52
Bangkok 708.76 449.96 +57.52 (closed)
Jakarta 2467.95 1355.40 +82.08
Manila 2932.99 1872.85 +56.61
Ho Chi Minh 615.68 315.62 +95.07
Stock Market Volume (shares)
Market Current Volume Average Volume 90 days
Singapore 273,457,500 370,578,304
Kuala Lumpur 110,653,800 156,325,598
Bangkok 2,982,748 4,575,457
Jakarta 4,462,989,500 5,809,227,300
Ho Chi Minh 137,061 56,606
ASIA-PACIFIC STOCK MARKETS:
Pan-Asia........ Japan....... S.Korea...
S.E. Asia....... Hong Kong... Taiwan....
Australia/NZ.... India....... China.....
OTHER MARKETS:
Wall Street.... Gold ....... Currency..
Eurostocks..... Oil ........ JP bonds...
ADR Report ..... LME metals. US bonds..
Stocks News US.. Stocks News Europe
DIARIES & DATA:
IPO diary & data Asia earnings diary
U.S. earnings diary European diary
Singapore diary Wall Street Week Ahead
Eurostocks Week Ahead
TOP NEWS:
For top Asian company news, double click on:
U.S. company news European company news
Forex news Global Economy news
Banking news Tech,Media,Telecoms
Politics/General (3166.KL - news) news Asia Macro data
A multimedia version of Reuters Top News is available at:
http://topnews.session.rservices.com
LIVE PRICES & DATA:
World Stocks Currency rates
Dow Jones/NASDAQ Nikkei
FTSE 100 Debt
(Local currency) LME price overview
Keywords: MARKETS SOUTHEASTASIA STOCKS/
COPYRIGHT
Copyright Thomson Reuters 2009. All rights reserved.
The copying, republication or redistribution of Reuters News Content, including by framing or similar means, is expressly prohibited without the prior written consent of Thomson Reuters (LSE: RUT.L - news) .
NNNN
|
|
|
Send Article by Email
Send Article by IM
Blog This with Y! 360
Printable View
