SE Asian stocks: Indonesia jumps up to 1pc

Published: October 31, 2017 11:36:47 | Updated: November 02, 2017 11:09:26


File Photo (Reuters)

Most of the Southeast Asian stock rose Tuesday, Indonesian shares jumped up to 1.0 per cent with financials and materials leading the rise.

Thai shares rose for a sixth straight session, led by gains in energy and industrial stocks. Thailand is expected to release October CPI data on Wednesday.

Airports of Thailand rose 1.7 per cent, while renewable energy company Energy Absolute surged 5.0 per cent.

The SET Index has risen nearly 3.0 per cent so far this month, heading for a fifth straight monthly gain.

Indonesian shares rose after three straight sessions of decline and were 8 points away at one point from a record high touched last week.

Bank Central Asia, the country's largest lender by market value, led the gains, rising nearly 2.0 per cent, while cement maker Indocement Tunggal Prakarsa surged nearly 10 per cent.

The Jakarta SE Composite Index has risen 1.8 per cent so far this month, in what could be its ninth straight monthly gain.

Among other Southeast Asia markets, Vietnam fell, shedding as much as 0.9 per cent, dragged down by industrials. FLC Faros Construction JSC fell nearly 7.0 per cent, after hitting a record high earlier in the day.

The Philippine stock market is closed on Tuesday and Wednesday for public holidays.

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