SE Asia Stocks-Most markets up on earnings expectations

Fri Oct 23, 2009 7:25am EDT
 
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 * Singapore buoyed by company earnings
 * Jakarta extends gains in late trade
 * Vietnam bucks the trend, weighed down by blue chips
 By Tyagita Silka
 JAKARTA, Oct 23 (Reuters) - Major Southeast Asian stock
markets ended up on Friday, rebounding from a three-day sell
off as investors responded to positive earnings from U.S. and
Asian companies.
 Indonesia's index .JKSE ended 1.43 percent higher, with
coal miner Adaro Energy (ADRO.JK) jumping 6.58 percent, helped
by a recommendation from Goldman Sachs, while top automotive
distributor Astra International (ASII.JK) rose 4.15 percent.
 The Jakarta market, which rebounded from falls earlier this
week, saw gains accelerate in the last few minutes of trade.
 Singapore .FTSTI rose 1.2 percent, helped by a 3.6
percent gain in commodities firm Noble Group (NOBG.SI), which
has just completed a $2.4 billion three-tranche financing, the
largest syndicated loan in Asia ex-Australia so far this year.
[ID:nHKG293756]
 Noble said on Friday that coal sales at its subsidiary
Gloucester Coal Ltd rose 5 percent in its latest quarter,
showing signs of recovery.
 "Sentiment is good, in view of the fact that it's better
corporate earnings for many of the major companies," said
Gabriel Yap, Senior Dealing Director, of DMG Securities in
Singapore.
 "Of course with a better positioning in the U.S. market,
because the futures are up, things are looking good," he added.
 Stock index futures pointed to a slightly higher open for
Wall Street on Friday, as investors awaited results from
software giant Microsoft (MSFT.O) and data on home sales.
 At 0857 GMT, futures for the Dow Jones DJc1, S&P 500
SPc1 and Nasdaq NDc1 were between 0.1 to 0.3 percent
higher.
 Manila's main stock index .PSI added 1.53 percent,
boosted by a 4.24 percent increase in mall-to banking group SM
Investments Corp (SM.PS) and geothermal energy producer Energy
Development Corp (EDC.PS), which gained 2.56 percent.
 Vietnam .VNI bucked the firmer regional trend by falling
1.35 percent, weighed down by confectionary maker Kinh Do Corp
KDC.HM, which lost 5 percent, and dairy firm Vinamilk
VNM.HM, shedding 0.58 percent.
 In Malaysia, the main index .KLSE ended up 0.56 percent,
with conglomerate Sime Darby (SIME.KL) up 2.37 percent and CIMB
Group (CIMB.KL) up 1.43 percent.
 Bangkok's market .SETI was closed for a holiday on
Friday. It closed down 1.06 percent at 708.76 points on
Thursday.
 ($1 = 9,485 rupiah)
 (Editing by Ed Davies)
 FACTORS TO WATCH: Malaysia's Maxis eyes $3.7 bln from IPO     
    [nKLR483842] C.Suisse,Deutsche bookrunners for
CapitaLand unit IPO[nSIN443645] ASEAN focuses on rights, trade
amid tight security  [nBKK508817] Thai rates to rise late 2010
at earliest            [nBKK312513] Thai king makes first
appearance in over a month    [nBKK462708]
 For South East Asia Hot Stock reports, click;
 [.SI] [.KL] [.BK]
 SOUTHEAST ASIAN STOCK MARKETS
 Change on the day
 Market            Current      Prev Close     Pct Move
 Singapore         2715.34        2681.97         1.24
 Kuala Lumpur      1267.10        1260.02         0.56
 Bangkok            708.76         716.35     (closed)
 Jakarta           2467.95        2433.18         1.43
 Manila            2932.99        2888.72         1.53
 Ho Chi Minh        615.68         624.10        -1.35
 Change on year
 Market            Current     End prev yr     Pct Move
 Singapore         2715.34        1761.56       +54.14
 Kuala Lumpur      1267.10         876.75       +44.52
 Bangkok            708.76         449.96       +57.52
(closed)
 Jakarta           2467.95        1355.40       +82.08
 Manila            2932.99        1872.85       +56.61
 Ho Chi Minh        615.68         315.62       +95.07
 Stock Market Volume (shares)
 Market        Current Volume    Average Volume 90 days
 Singapore       273,457,500           370,578,304
 Kuala Lumpur    110,653,800           156,325,598
 Bangkok           2,982,748             4,575,457
 Jakarta       4,462,989,500         5,809,227,300
 Ho Chi Minh         137,061                56,606
 ASIA-PACIFIC STOCK MARKETS:
 Pan-Asia........[STXNEWS/AS]  Japan.......[.T] 
S.Korea...[.KS]
 S.E. Asia.......[.SO]         Hong Kong...[.HK]
Taiwan....[.TW]
 Australia/NZ....[.AX]         India.......[.BO]
China.....[.SS]
   OTHER MARKETS:
 Wall Street....[.N]      Gold .......[GOL/]   
Currency..[FRX/]
 Eurostocks.....[.EU]     Oil ........[O/R]      JP
bonds...[JP/]
 ADR Report .....[ADR/]   LME metals.[MET/L]     US bonds..
[US/]
 Stocks News US..[STXNEWS/US]  Stocks News Europe  
[STXNEWS/EU]
   DIARIES & DATA:
 IPO diary & data  <SG/IPOMENU>   Asia earnings diary
[ASIA/EQTY]
 U.S. earnings diary [RESF/US]    European diary     
[WEU/EQTY]
 Singapore diary     [SG/DIARY]   Wall Street Week Ahead 
[.N/O]
 Eurostocks Week Ahead  [.EU/O]
   TOP NEWS:
 For top Asian company news, double click on: [nTOPEQA]
 U.S. company news     [TOP/EQU]  European company news
[TOP/EQE]
 Forex news            [TOP/FRX]  Global Economy news
[TOP/MACRO]
 Banking news          [TOP/FIN]  Tech,Media,Telecoms 
[TOP/TMT]
 Politics/General news [TOP/G]    Asia Macro data   
ASIATODAY
 A multimedia version of Reuters Top News is available at:
 topnews.session.rservices.com
   LIVE PRICES & DATA:
 World Stocks          <0#.INDEX>   Currency rates  EFX=
NFX=
 Dow Jones/NASDAQ  .DJI .IXIC   Nikkei              
.N225
 FTSE 100                 .FTSE   Debt     <0#USBMK=>
EURIBOR
 (Local currency)          THB=   LME price overview  
RING= 

 

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