Southeast Asian stocks mixed in muted trading

Published: May 25, 2018 12:02:04 | Updated: May 28, 2018 12:43:43


Most Southeast Asian stock markets were mixed in muted trading on Friday, while Malaysian shares climbed after five sessions of losses.

Indonesian local benchmark equity index, which has shed about 6.0 per cent year-to-date, was set to extend gains into a fourth straight session, rising about 0.6 per cent.

Malaysian stocks, which have been reeling under concerns of worrying amounts of debts left behind by the previous government, rose 1.2 per cent and were set to end five consecutive sessions of losses.

Overseas investors sold $204 million of Malaysian equities in the first four days of the week, reports Reuters.

Singapore shares were flat ahead of industrial data expected later in the day, which is expected to show that manufacturing output in April rose 8.3 per cent from last year and 1.2 per cent from the prior month, as per a Reuters poll.

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