Southeast Asian stock rise tracking recovery on Wall St

Published: September 07, 2017 12:12:16 | Updated: October 21, 2017 05:45:57


Southeast Asian stock markets rose on Thursday, tracking a recovery in global equities as Wall Street gained overnight.

 

An index of stocks across Asia, excluding Japan, gained 0.5 per cent, according to Reuters.

 

Philippine shares rose 0.4 per cent, with industrials and financials accounting for most of the gains.

 

Index heavyweights SM Investments Corp and International Container Terminal Services Inc rose 0.4 per cent and 1.5 per cent, respectively.

 

Singapore shares rose 0.2 per cent as financials outperformed all other sectors.

 

Oversea-Chinese Banking Corp climbed 0.7 per cent, lifting the index, while DBS Group Holdings gained 0.3 per cent.

 

Malaysia shares rose slightly ahead the central bank's interest rate decision expected later in the day.

 

Bank Negara Malaysia is expected to keep its benchmark rate unchanged at 3.0 per cent.

 

Thai shares were up 0.3 per cent while Indonesia shares posted meagre gains.

 

An index of Indonesia's 45 most liquid stocks edged down 0.2 per cent.

 

In Bangladesh, stocks opened higher. Within first 15 minutes of trading, the key index of the country’s prime bourse advanced more than 20 points while the Selective Category Index of port city bourse rose 17 points at 10:15am.

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