SE Asia Stocks: Large caps lift Malaysia; Indonesian coal miners strong
BANGKOK, July 4 – Malaysia’s stock index touched an all-time high today, led by gains in large-caps such as Sime Darby Bhd and Petronas Chemicals Group Bhd, and Indonesian shares gained, with coal miners leading the way.
Malaysia’s main index added 0.4 per cent, with petrochemical firm Petronas Chemicals rising 2.5 per cent.
Jakarta’s Composite Index gained 0.64 per cent as Adaro Energy Tbk surged 4.5 per cent.
Strong oil market bolstered positive sentiment toward energy linked shares, traders said.
Most other markets in the region retreated from their day’s high as investors took profits after recent rallies, with the Philippine index inching down 0.2 per cent after climbing at one point to an intra-day record high of 5,403.16. – Reuters