The Financial Express

Southeast Asian stocks edge up; Philippines slips

| Updated: June 24, 2019 12:55:10

File Photo (Collected) File Photo (Collected)

Most Southeast Asian shares edged up on Thursday, as dovish comments from the US Federal Reserve boosted global equities, while signs that Sino-US trade talks were set to resume also helped sentiment.

Singapore shares were the top performers in Southeast Asia, heading for a fifth winning session in six. Lender DBS Group Holdings was among the top gainers, up 1.5 per cent.

Thailand, Malaysia and Vietnam notched modest gains, according to Reuters report.

Philippine stocks slipped in thin trade as investors adopted a wait-and-watch stance ahead of the central bank's rate decision. Volumes were at a small fraction of their 30-day average.

Large-cap industrial stocks accounted for most of the losses, with conglomerates SM Investments Corp and JG Summit Holdings declining 1.9 per cent and 2.1 per cent, respectively.

Indonesian stocks inched lower after adding 2.4 per cent in the previous two sessions.

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