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SE Asia Stocks-S'pore, Thailand, Indonesia end higher

Wed Jun 10, 2009 7:07am EDT

Stocks

   
 * 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)





















































































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