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SE Asia Stocks-Most retreat due to Greek debt crisis
* S'pore at 3-months low; worst in the region on the week
* Malaysia bucks trend as foreigners buy
By Viparat Jantraprap
BANGKOK, June 17 (Reuters) - Most Southeast Asian stock markets fell on Friday as regional big-caps came under selling pressure because of worries about Greece's debt crisis, while a fall in crude oil pulled resource shares lower.
Stocks in Singapore and Indonesia slipped to multi-month lows. Others drifted lower in range trading, with Thai stocks posting the weakest turnover of 0.7 times the 30-day average, with political concerns deterring investors.
Singapore posted its second straight weekly loss, falling 2.4 percent, Southeast Asia's worst performer.
The Straits Times Index lost 0.5 percent on the day and briefly breached the 3,000 level because of the euro zone crisis and U.S. economic slowdown, said Najeeb Jarhom, head of research at broker AmFraser Securities.
"If the euro crisis stops at Greece and the U.S. economy does not slow down further, then the index could hold above 2920-2965 followed by a good rebound back to around 3050-3100 during the time of the next GDP/earnings reports starting around mid-July to mid-August," he said.
Indonesia, touching two-month lows at one point, ended down 0.5 percent, Philippine shares eased 0.5 percent and Vietnam dropped 1.4 percent, reversing a 0.8 percent gain on Thursday.
Bucking the trend, Malaysia gained 0.6 percent to its highest level in more than two weeks. Malaysia racked up $227 million of inflows on the week, reversing a $26.8 million outflow the previous week, exchange data showed.
Dealers attributed growing demand for Malaysia to increased government spending, which could drive the domestic economy. Banks led gainers on Friday, with leader Maybank surging 3 percent.
Indonesia reported $238 million in inflows on the week, erasing the $186 million in outflows the week before. The Philppines had $4.9 million in inflows on the week, after $0.6 million in outflows last week.
The Thai market saw $2.3 million in inflows on Friday, after $54 million in outflows on Thursday. It has suffered $1.26 billion in outflows since May, due in large part to domestic political uncertainty ahead of a general election on July 3.
In broader Asia, investors remained unconvinced that Greece can dodge a debt default and the implications of that depressed sentiment.
The MSCI index of Asia Pacific shares outside Japan edged down 0.5 percent by 0941 GMT, with the tech sector by far the biggest drag on the index.
Big-caps led among losers in Southeast Asia. Singapore Telecommunications , Southeast Asia's biggest telecoms firm, eased 0.3 percent and Thailand's biggest firm, PTT , fell 0.6 percent. For Asian Companies click; For Asia-Pacific News click; For South East Asia Hot Stock reports, click;
SOUTHEAST ASIAN STOCK MARKETS Change on day Market Current Prev Close Pct Move Singapore 3005.28 3020.13 -0.49 Kuala Lumpur 1563.43 1554.24 +0.59 Bangkok 1018.96 1019.55 -0.06 Jakarta 3722.30 3740.47 -0.49 Manila 4153.11 4173.08 -0.48 Hanoi 438.93 445.17 -1.41 Change on year Market Current End prev yr Pct Move Singapore 3005.28 3190.04 -5.79 Kuala Lumpur 1563.43 1518.91 +2.93 Bangkok 1018.96 1032.76 -1.34 Jakarta 3722.30 3703.51 +0.51 Manila 4153.11 4201.14 -1.14 Hanoi 438.93 484.66 -9.44 Stock Market Volume (shares) Market Current Volume Average Volume 30 days Singapore 333,303,100 292,850,950 Kuala Lumpur 212,910,100 122,299,343 Bangkok 3,605,119 4,185,941 Jakarta 3,749,041,000 5,159,587,383 Manila 577,237 596 984 Hanoi 47,402 32,422 70.77 million Thai baht ($2,311,234.487)
Net Foreign Trading Value (million dollar) Market Current Year to date Singapore n.a. n.a. Kuala Lumpur +96.64 n.a. Bangkok +2.31 -283.66 Jakarta -0.84 +1,671.81 Manila -3.00 +692.95 Hanoi +0.14 +30.69 Source - Thomson Reuters and stock exchanges ASIA-PACIFIC STOCK MARKETS: Pan-Asia..... Japan....... S.Korea... S.E. Asia.... Hong Kong... Taiwan.... Australia/NZ. India....... China..... OTHER MARKETS: Wall Street. Gold ....... Currency.. Eurostocks.. Oil ........ JP bonds... ADR Report .. LME metals. US bonds.. Stocks News US. Stocks News Europe DIARIES & DATA: IPO diary & data Asia earnings diary U.S. earnings diary European diary Singapore diary Wall Street Week Ahead Eurostocks Week Ahead TOP NEWS: For top Asian company news, double click on: U.S. company news European company news Forex news Global Economy news Banking news Tech,Media,Telecoms Politics/General news Asia Macro data A multimedia version of Reuters Top News is available at: topnews.session.rservices.com LIVE PRICES & DATA: World Stocks <0#.INDEX> Currency rates Dow Jones/NASDAQ Nikkei FTSE 100 Debt <0#USBMK=> Local currency LME price overview (Editing by Alan Raybould)
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