SE Asia Stocks: Flat-to-higher; Indonesia recoups from lows
BANGKOK, Sept 25 – Southeast Asian stock markets were flat-to-higher today after rangebound trade as markets remained wary of the euro zone’s debt problems, particularly for Spain, with late selling pulling Singapore to end near its day’s low.
Jakarta’s Composite Index edged up 0.6 per cent after yesterday’s 1 per cent drop to around a one-week low. Coal miner Bumi Resources rose 1.5 per cent, after plunging 19 per cent in the previous session on concerns over financial investigation.
The broader Thai SET index eked out a 0.24 per cent gain, led higher by tourism-related shares, with Airport operator Airports of Thailand climbing 2 per cent on strong prospect of earnings.
Malaysia was up 0.4 per cent, with foreign investors buying shares worth a net RM16.8 million while domestic institutions sold a net RM38.9 million, stock exchange data showed. – Reuters