Advertisement
UK markets open in 43 minutes
  • NIKKEI 225

    37,634.47
    -825.61 (-2.15%)
     
  • HANG SENG

    17,223.78
    +22.51 (+0.13%)
     
  • CRUDE OIL

    82.94
    +0.13 (+0.16%)
     
  • GOLD FUTURES

    2,330.80
    -7.60 (-0.33%)
     
  • DOW

    38,460.92
    -42.77 (-0.11%)
     
  • Bitcoin GBP

    51,514.39
    -1,896.17 (-3.55%)
     
  • CMC Crypto 200

    1,389.37
    +6.80 (+0.49%)
     
  • NASDAQ Composite

    15,712.75
    +16.11 (+0.10%)
     
  • UK FTSE All Share

    4,374.06
    -4.69 (-0.11%)
     

SE Asia Stocks-Philippine stocks rise 2 pct, most others lacklustre

* Singapore falls for 2nd session in three

* Indonesia snaps two sessions of losses

By Shriya Ramakrishnan

March 6 (Reuters) - Philippine shares jumped 2 percent on

Wednesday, led by real estate and consumer stocks, while most

other Southeast Asian markets were subdued as continued

uncertainty over a U.S.-China trade deal dampened risk appetite.

The Philippine benchmark stock index, which was

Southeast Asia's worst performer last month, gained the most

among regional markets as a selloff last week made valuations

more attractive.

Foreign investors bought net 273 million pesos ($5.23

million) in equities on Wednesday, exchange data shows.

ADVERTISEMENT

SM Prime Holdings, the country's second-largest

firm by market value, advanced 3.6 percent, while real estate

conglomerate Ayala Land Inc gained 2.3 percent.

Thai stocks fell 0.8 percent, with all sectors

except energy in the negative territory.

The country's constitutional court will give its ruling on

March 7 whether to ban an opposition party for nominating a

princess as its candidate for prime minister in a general

election.

The Election Commission had asked the court to dissolve the

Thai Raksa Chart party after it nominated Princess Ubolratana

Rajakanya Sirivadhana Barnavadi for prime minister in the March

24 election, the first since a 2014 military coup.

"Tomorrow's ruling will be worth closely monitoring as it

may trigger a start of heightened political risks that could

derail the Thai economy," OCBC Bank said in a note.

Singapore stocks closed lower for a second session in

three, dragged by industrial and consumer stocks.

Index heavyweight Jardine Matheson Holdings Ltd

dipped 2.1 percent, while food retailer Dairy Farm International

Holdings Ltd weakened 4 percent.

Meanwhile, Indonesian shares snapped two consecutive

sessions of losses, helped by consumer and financial stocks.

Clove cigarette maker Gudang Garam Tbk PT rose 2.1

percent, while lender PT Bank Mayapada Internasional Tbk

added 11.4 percent.

For Asian Companies click;

SOUTHEAST ASIAN STOCK MARKETS

Market Current Previous close Pct Move

Singapore 3222.84 3234.07 -0.35

Bangkok 1625.51 1639 -0.82

Manila 7821.34 7670.62 1.96

Jakarta 6457.956 6441.28 0.26

Kuala Lumpur 1686.82 1685.62 0.07

Ho Chi Minh 994.49 992.45 0.21

Change so far in 2019

Market Current End 2018 Pct Move

Singapore 3222.84 3068.76 5.02

Bangkok 1625.51 1563.88 3.94

Manila 7821.34 7,466.02 4.76

Jakarta 6457.956 6,194.50 4.25

Kuala Lumpur 1686.82 1690.58 -0.22

Ho Chi Minh 994.49 892.54 11.42

($1 = 52.1900 Philippine pesos)

(Reporting by Shriya Ramakrishnan in Bengaluru, Additional

reporting by Gaurav Dogra; Editing by Subhranshu Sahu)