SE Asia Stocks: Thailand, Indonesia snap three-session losing streak
BANGKOK, June 26 – Stocks in Thailand and Indonesia eked out small gains today after three straight losing sessions as investors bought recently beaten down energy-linked shares buoyed by a rebound in oil prices.
Thai SET index edged up 0.32 per cent, led by the energy subindex which advanced 0.17 per cent. Energy shares were down 1.7 per cent in 2012 due to weak appetite for riskier assets and its exposure to weak global economy.
Jakarta’s Composite Index rose 0.6 per cent, with commodities shares contributing the most to the gains. Harum Energy Tbk rose 4.6 per cent, while Adaro Energy jumped 4.5 per cent.
Others in the region ended mixed. The Philippine main index extended its gains for a third session, adding 0.5 per cent. Vietnam fell for a fourth session, ending 1.2 per cent lower at its lowest close in three weeks. – Reuters