* 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 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
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
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)