SET ends flat, other SE Asia stocks mostly gain

SET ends flat, other SE Asia stocks mostly gain

The Thai stock market ends flat but PTT Plc shares surge to its all-time high on Wednesday. (Bangkok Post photo)
The Thai stock market ends flat but PTT Plc shares surge to its all-time high on Wednesday. (Bangkok Post photo)

The Stock Exchange of Thailand index slightly gained on Wednesday, while most Southeast Asian stock markets ended in positive territory.

The SET main index earned only 0.14 points, or 0.01%, to close at 1,801.16, with gains in oil and gas giant PTT Plc marginally outweighing losses in most other sectors.

PTT surged 6.5% to its all-time best close after reporting a 43% rise in full-year net profit.

Asian peers gained while the dollar advanced as traders' near-term focus shifted to the minutes of the Federal Reserve's last policy meeting for hints on the future pace of US monetary tightening.

Asia shares ex-Japan rose as much as 0.9% to an over two-week high.

Singapore shares climbed 1.1%t, with top bank DBS Group Holdings rising 2.8% to a record close.

Peers United Overseas Bank and Oversea-Chinese Banking Corporation gained 1.4% and 1.3%, respectively.

Electronics services provider Venture Corporation Ltd surged 3.6% to its highest close since early 2000.

The city-state's headline inflation rate in January was likely unchanged from a month earlier, while the annual core inflation rate rose slightly, a Reuters poll showed on Wednesday. The data is due on Friday.

Vietnam shares resumed trade on a strong note after a five-day holiday, surging 2.6% to their best close since Feb 2.

Vinamilk was the top contributor, up 5% in its biggest jump since Nov 13.

Vietnam is the best performer in the region so far this year, having risen 10.5%.

Malaysian shares ended marginally higher, its sixth session on top out of seven, while Indonesia shares were 0.3% lower.

Philippine shares broke a five-session winning streak and finished 1.3% lower with broad-based losses.

Ayala Land and SM Investments were the biggest drags, falling 2.2% and 1.4%, respectively.

Universal Robina Corp dropped 2.9% ahead of its quarterly results to settle at its lowest since mid-December.

Southeast Asian stock markets

 

 

Current

Previous

% change

Thailand

1,801.16

1,801.02

+0.01

Indonesia                

6,643.40

6.662.87

-0.29

Malaysia                

1,858.17

1,855.99

+0.12

Philippines                 

8,613.65

8,722.70

-1.25

Singapore                 

3,516.23

3,476.53

+1.14

Vietnam       

1,087.15

1,059.73

+2.59

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