SE Asia Stocks-Most retreat due to Greek debt crisis

Fri Jun 17, 2011 6:33am EDT

 * 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.
 	
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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
  	
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 (Editing by Alan Raybould)