SE Asia Stocks: Indonesian, Thai indexes end at record high
BANGKOK, May 2 – Most Southeast Asian stock markets rose today, with benchmark indexes in the Philippines and Indonesia rising to all-time highs, as strong US economic data boosted investor appetite for risky assets, particularly the region’s energy and commodities stocks.
Jakarta’s Composite Index ended at 4,219.3, surpassing its previous record reached on April 3, while the Philippine index finished at 5,228.84.
Thai main SET index marked a new 16-year high, with foreign investors buying shares for a net 628.87 million baht (RM61.91 million) on the day, Thai bourse said.
Malaysia also reported foreign inflows of RM210 million, stock exchange data showed. – Reuters