SE Asia stocks meander; Singapore falls, Philippines rises

Published: October 08, 2018 12:39:17 | Updated: October 10, 2018 13:31:39

File Photo (Collected)

Southeast Asian stocks were mixed on Monday, Singapore shares extended falls ahead of a central bank policy review this week, while Philippine stocks rose after two straight sessions of declines.

Singapore's FTSE Straits Times Index declined for a third straight session with Jardine Matheson Holdings shedding as much as 1.1 per cent, while Oversea-Chinese Banking Corp fell 0.8 per cent.

Broader Asian markets declined following Chinese markets which opened lower after a week-long holiday, reports Reuters.

Meanwhile, Philippine shares recovered after shedding 2.7 per cent last week in their fifth consecutive weekly decline.

Telecom and financial stocks were among the top boosts with PLDT Inc gaining 3.5 per cent and BDO Unibank rising 1.5 per cent.

Vietnam stocks declined 0.3 per cent to a more than two-week low, hurt by utilities and consumer stocks.

Petrovietnam Gas fell 2.5 per cent and Vietnam Dairy Products slid 1.0 per cent.

Indonesian shares advanced 0.4 per cent, with Unilever Indonesia Tbk and Bank Central Asia Tbk gaining 2.6 per cent and 1.3 per cent, respectively.

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