SE Asia Stocks-S'pore, Thailand, Indonesia end higher
* CapitaLand, Wilmar push S'pore higher
* Malaysia, Indonesia top 9-mth highs
* Philippine ends 2-day fall; Vietnam snaps 7-day rally
By Viparat Jantraprap
BANGKOK, June 10 (Reuters) - Singapore led other Southeast Asian stock markets higher on Wednesday, with Singapore's CapitaLand, Malaysia's Malayan Banking, Indonesia's Indocement and Thailand's PTT among the region's outperformers.
The MSCI index of Asia-Pacific stocks outside Japan .MIAPJ0000PUS was up 3.4 percent by 1057 GMT, while U.S. stock futures .DJM9 pointed to a higher open on Wednesday.
An auction of 10-year U.S. Treasury notes and the latest data from the U.S. Federal Reserve would set the direction for U.S. and global equities, Warut Siwasariyanon, head of research at Finansa Securities said.
"Investors are looking for clues from the Fed's Beige Book for the U.S. economy tonight, which will set the direction of stocks in this region," he said.
Singapore's index .FTSTI rose 1.8 percent, with CapitaLand (CATL.SI), Southeast Asia's biggest developer, surging 6 percent and palm oil planter Wilmar International (WLIL.SI) adding 3.1 percent.
City Developments (CTDM.SI) climbed 3.6 percent after
Southeast Asia's second-largest developer said it had
refinanced a S$1.2 billion loan to develop a property project
in Singapore.
Malaysia's index .KLSE rose 1.04 percent o its highest
level since September 4, with Malayan Banking Bhd (MBBM.KL),
the country's biggest lender, adding 3.7 percent.
Satellite operator Measat Global MTCB.KL surged 16.1 percent as traders speculated on potential merger and acquisition activity in the company. Air cargo carrier Transmile Group TMGB.KL jumped 17.4 percent.
Thailand's index .SETI jumped 2.8 percent to its highest level since September 22, building on a 1.28 percent gain on Tuesday. Energy and related shares tracked oil prices which topped $71 a barrel on Wednesday for the first time in 7 months.
PTT PTT.BK, Thailand's biggest energy firm, rose 5.6 percent, PTT Exploration and Production PTTE.BK jumped 3.2 percent, and PTT Chemical PTTC.BK gained 5.6 percent.
Indonesia's index .JKSE rose 0.7 percent to its highest since September 3, with cement maker PT Indocement Tunggal Prakarsa Tbk (INTP.JK) up 8.8 percent. Thermal coal producer PT Bumi Resources Tbk (BUMI.JK) climbed 7.1 percent.
The Philippine index .PSI rose 1.7 percent, ending a 2-day fall, led by Philippine Long Distance Telephone Co (PLDT) (TEL.PS), the country's largest listed firm, which rose 3.7 percent.
Vietnam's index .VNI lost 2.9 percent, snapping a 7-day rally, weighed down by state oil group Petrovietnam's fertiliser maker PVFCCo DPM.HM, which dropped 4.9 percent. ($1=34.03 Baht) (Editing by Darren Schuettler)
- Tweet this
- Link this
- Share this
- Digg this
- Reprints
Comments (0)
This discussion is now closed. We welcome comments on our articles for a limited period after their publication.



Follow Reuters