BANGKOK, May 8 Singapore shares hit their
highest close in more than five years on Wednesday as Wilmar
International Ltd jumped after strong quarterly
results while gains in large cap Ayala Land Inc helped
the Philippine main index recover from two days of losses.
The Thai SET index rose 0.8 percent, to close at its
highest in almost 19-1/2 years at 1,614.15, while most other
bourses ended up as several major Southeast Asian companies have
posted better-than-expected earnings, raising hopes from the
Strong Chinese trade data also helped underpin sentiment in
broader Asia, with MSCI's broadest index of Asia-Pacific shares
outside Japan up 0.98 percent and MSCI's index
of Southeast Asia 0.94 percent higher.
Shares in Singapore-listed Wilmar jumped 2.1 percent
following better-than-expected quarterly earnings, with the
benchmark Straits Times Index ending up 0.9 percent at
3,413.02, the highest since January 2008.
Philippine developer Ayala Land gained 2.2 percent after it
posted a 30 percent rise in quarterly net income.
The broader Philippine index edged up 0.5 percent, after
a 1 percent drop over the past two sessions.
Jakarta's Composite Index climbed almost 1 percent
to a record high of 5,089.33.
Bucking the trend, Malaysia's main index slipped
0.15 percent to 1,774, capping a two day rally that sent the
benchmark to a record 1,776.73 on Tuesday as Sunday's general
election lifted a market overhang.
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SOUTHEAST ASIAN STOCK MARKETS
Change on day
Market Current Prev Close Pct Move
TR SE Asia Index* 452.66 450.13 +0.56
Singapore 3413.02 3383.16 +0.88
Kuala Lumpur 1774.00 1776.73 -0.15
Bangkok 1614.15 1601.15 +0.81
Jakarta 5089.33 5042.78 +0.92
Manila 7181.30 7146.12 +0.49
Ho Chi Minh 485.07 485.58 -0.11
Change on year
Market Current End prev yr Pct Move
TR SE Asia Index* 452.66 424.10 +6.73
Singapore 3413.02 3167.08 +7.77
Kuala Lumpur 1774.00 1688.95 +5.04
Bangkok 1614.15 1391.93 +15.96
Jakarta 5089.33 4316.69 +17.90
Manila 7181.30 5812.73 +23.54
Ho Chi Minh 485.07 413.73 +17.24
* The Thomson Reuters South East Asia Index is a
highly representative indicator of stocks listed in Indonesia,
Malaysia, the Philippines, Singapore, Thailand and Vietnam.
Stock Market Volume (shares)
Market Current Volume Average Volume 30 days
Singapore 415,059,800 272,313,503
Kuala Lumpur 238,911,100 179,646,337
Bangkok 9,249,901 13,129,096
Jakarta 5,584,922,000 4,670,985,317
Manila 69,284 96,876
Ho Chi Minh 63,517 47,027