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6 years ago

SE Asian rise, Thailand hits record high

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Southeast Asian stock markets mostly rose on Monday as expectations of higher corporate earnings buoyed sentiment, while Thailand hit a record high.

Thai shares rose as much as 0.7 per cent to hit a record high, and the markets were on track for a fifth session of gains.

Financials and industrial stocks gained, with Kasikornbank PCL up 1.2 per cent and Airports of Thailand PCL climbing 3.1 per cent, reports Reuters.

Singapore climbed to its highest in nearly 32 months, driven by financial and industrial stocks.

Real estate firm CapitaLand Ltd rose 1.9 per cent, while Jardine Strategic Holdings Ltd gained 0.8 per cent.

The Malaysian index rose to its highest since May 2015, as energy stocks such as Petronas Gas Bhd climbed on firmer global oil prices.

Philippines extended gains into a fourth straight session, led by consumer cyclicals, with SM Investments Corp up 2.2 per cent.

Vietnam, however, fell 0.1 per cent, dragged down by consumer staples and energy stocks.

Index heavyweight Petrovietnam Gas Joint Stock Corp fell as much as 1.4 per cent.

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