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SE Asia Stocks-Thailand hits over 4-year high; others range-bound
September 8, 2017 / 5:16 AM / a month ago

SE Asia Stocks-Thailand hits over 4-year high; others range-bound

    By Aditya Soni
    Sept 8 (Reuters) - Thai shares climbed to a more than
four-year high on Friday, while most other Southeast Asian stock
markets traded range-bound.
    Robust Chinese trade data lent support to broader Asian
shares, with an index of shares across Asia, excluding Japan
, rising 0.6 percent.
    China's August imports grew at a better-than-expected pace
of 13.3 percent from a year earlier, while exports rose 5.5
percent, roughly in line with expectations.
    Thai stocks rose 0.6 percent to their highest since
May 2013, led by financials and telecom sectors. Advanced Info
Service Pcl rose 1.8 percent and Siam Commercial
Bank PCL climbed 1 percent. 
    Malaysia shares fell 0.4 percent, after two sessions
of gains, with financials and consumer discretionary stocks
dragging the index. 
    Heavyweights CIMB Group Holdings fell 2.2 percent,
while IHH Healthcare fell 1.8 percent to its lowest in
2 weeks. 
    Trading in most other stock markets in the region was
lacklustre.
    "Lately we have been bombarded with a lot of concerns that
are geopolitical in nature, so I think the market is taking a
break and is moving sideways today," said Jose Vistan, research
head at AB Capital Securities.
    Philippine shares rose 0.1 percent, with industrials
and real estate accounting for majority of the gains. 
    Ayala Land Inc climbed 1.2 percent to its highest
in six weeks, while Jollibee Foods Corp gained 1.6
percent to its highest since October 2016. 
    Vietnam shares rose 0.4 percent to their highest
since February 2008, with Petrovietnam Gas Joint Stock Corp
 climbing 2.4 percent.
    Indonesian shares rose marginally while Singapore
shares posted meagre losses.

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SOUTHEAST ASIAN STOCK MARKETS: Change at 0437 GMT
  Market           Current       previous     Pct Move
                                 close        
  Singapore        3225.27       3228.06      -0.09
  Bangkok          1641.69       1632.66      0.55
  Manila           8032.76       8022.98      0.12
  Jakarta          5833.385      5832.311     0.02
  Kuala Lumpur     1775.92       1782.98      -0.40
 Ho Chi Minh       799.69        796.72       0.37
                                              
  Change so far                               
 this year                                    
  Market           Current       End 2016     Pct Move
  Singapore        3225.27       2880.76      11.96
  Bangkok          1641.69       1542.94      6.40
  Manila           8032.76       6840.64      17.43
  Jakarta          5833.385      5296.711     10.13
  Kuala Lumpur     1775.92       1641.73      8.17
 Ho Chi Minh       799.69        664.87       20.28
 


 (Editing by Amrutha Gayathri)
  

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