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SE Asia Stocks -Thai shares snap losing streak as army works on economy
May 27, 2014 / 11:26 AM / in 4 years

SE Asia Stocks -Thai shares snap losing streak as army works on economy

BANGKOK, May 27 (Reuters) - Thai shares rose on Tuesday as
new military rulers have started to tackle economic problems,
boosting consumer and construction stocks such as CP All
 and Italian Thai Development, while others
in Southeast Asia were little changed.
    Thailand's key SET index was up 0.3 percent, ending
two sessions of losses. Domestic investors, including
institutional and retail, bought shares worth a net 2.7 billion
baht ($82.82 million), Thomson Reuters data showed.
    Foreign investors sold a net 2.7 billion ($82.82 million),
taking their net selling to 26 billion baht ($797.55 million)
since the imposition of martial law on May 20.
    "A quick execution of economic policies under the
centralized junta government should lead to better GDP and
earnings in the second half of 2014," said broker KGI
    Thailand's new military rulers are moving fast to tackle
economic problems caused by the absence of a proper government
since December and are making it a priority to pay arrears owed
to rice farmers, big supporters of the government they ousted.
    Shares in some state-owned companies underperformed, led by
energy firm PTT, amid concerns that top executives
could be fired and boardroom policies altered after the
government was toppled by the military last week.
    Elsewhere, Singapore fell 0.3 percent in line with
broader Asia as investors locked in profits
following its rise to a one-year high on Monday. Malaysia
 rose 0.3 percent, with foreign investors buying shares a
net 74 million ringgit ($23.05 million), stock exchange data
    The Philippine index fell for a third straight
session, down 0.2 percent, while Indonesia was shut for
a market holiday.

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 Change on day
 Market             Current     Prev Close    Pct Move
 TR SE Asia Index*   420.78        421.03       -0.06
 Singapore          3274.06       3282.88       -0.27
 Kuala Lumpur       1867.57       1862.80       +0.26
 Bangkok            1392.73       1388.29       +0.32
 Manila             6780.26       6790.42       -0.15
 Ho Chi Minh         552.75        544.06       +1.60
 Change on year
 Market             Current       End 2013    Pct Move
 TR SE Asia Index*   420.78        388.37       +8.35
 Singapore          3274.06       3167.43       +3.37
 Kuala Lumpur       1867.57       1866.96       +0.03
 Bangkok            1392.73       1298.71       +7.24
 Jakarta              --          4274.18      +16.14
 Manila             6780.26       5889.83      +15.12
 Ho Chi Minh         552.75        504.63       +9.54
* The Thomson Reuters South East Asia Index is a
highly representative indicator of stocks listed in Indonesia,
Malaysia, the Philippines, Singapore, Thailand and Vietnam.   
($1 = 32.6000 Thai Baht)
($1 = 3.2105 Malaysian Ringgits)

 (Reporting by Viparat Jantraprap; Editing by Subhranshu Sahu)

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