JavaScript is off. Please enable to view full site.

​SE Asia Stocks-Vietnam hits fresh 10-year closing high; others muted

​SE Asia Stocks-Vietnam hits fresh 10-year closing high; others muted

Thursday, January 11, 2018, 09:37 GMT+7

Most Southeast Asian stock markets were subdued on Wednesday, in line with regional Asian shares, while Vietnam extended gains for a third session to hit a new 10-year closing high.

Asian shares ex-Japan slipped 0.5 percent after six straight days of gains, that had taken them within a stone's throw from the record high touched in November 2007.

Vietnam shares settled 0.4 percent higher, after gaining as much as 1.2 percent, marking their twelfth session of gains in thirteen.

The index got a boost from financial and energy stocks, with Vincom Retail JSC ending 6 percent up and Petrovietnam Gas Joint Stock Corp adding 1 percent.

Foreign and domestic inflow into the market rose, with the macroeconomic environment being stable, said Bui Nguyen Khoa, senior analyst at BIDV Securities Company.

"The Vietnam Index may see new peaks in the first quarter of 2018."

In Singapore, index heavyweight Jardine Matheson Holdings Ltd fell 2.4 percent, dragging the FTSE Straits Times index down.

The index snapped two straight sessions of gains and ended 0.2 percent lower.

Malaysia ended down for a second straight session, dragged down by consumer cyclicals and telecom stocks.

Entertainment firm Astro Malaysia Holdings Bhd closed 3.6 percent down while telecom company Maxis Bhd fell 0.5 percent.

Indonesia trimmed early gains to close 0.2 percent down as material and telecom stocks weighed on the index.

Chandra Asri Petrochemical Tbk PT fell 3 percent, while Telekomunikasi Indonesia (Persero) Tbk Perusahaan Perseroan PT ended 0.5 percent down.

An index of the country's 45 most liquid stocks fell 0.2 percent.

Philippine stocks retreated from a record high hit in the previous session and ended flat. Conglomerate JG Summit Holdings Inc, the worst performer on the index, closed 2.4 percent down.

Meanwhile, Thai shares ended flat as gains in consumer staples and materials were offset by losses in industrials.



Read more




‘Taste of Australia’ gala dinner held in Ho Chi Minh City after 2-year hiatus

Taste of Australia Gala Reception has returned to the Park Hyatt Hotel in Ho Chi Minh City's District 1 after a two-year hiatus due to the COVID-19 pandemic

Vietnamese woman gives unconditional love to hundreds of adopted children

Despite her own immense hardship, she has taken in and cared for hundreds of orphans over the past three decades.

Vietnam’s Mekong Delta celebrates spring with ‘hat boi’ performances

The art form is so popular that it attracts people from all ages in the Mekong Delta

Vietnamese youngster travels back in time with clay miniatures

Each work is a scene caught by Dung and kept in his memories through his journeys across Vietnam

Latest news