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SE Asia Stocks-Thai index hits highest close in over 2 decades

12 September 2017 05:15

    By Chris Thomas    Sept 12 (Reuters) - Thai shares continued their winningstreak for a ninth session and closed at their highest in nearly24 years on Tuesday, while other Southeast Asian stock marketsedged up, tracking broader Asia.    The Thai index gained 0.4 percent and closed at1,643.55, its highest since January 1994. Gains in conveniencestore operator CP All Pcl and retailer Home ProductCenter Pcl boosted the index.    MSCIs broadest index of Asia-Pacific shares outside Japan rose as much as 0.4 percent to their highestsince December 2007, drawing confidence from strong overnightgains on Wall Street.    Investors are awaiting the China retail sales data and theindustrial production data due this week, said Liu Jinshu,director of research at NRA Capital.    U.S. CPI data is also due Thursday, so the markets may bewaiting for any cues following last weeks volatility, headded.    Tensions on the Korean Peninsula have been weighing on Asianequities.    The United Nations Security Council on Monday unanimouslystepped up sanctions against North Korea over its nuclear testearlier this month, imposing a ban on the countrys textileexports and capping imports of crude oil.    Malaysian shares rose 0.4 percent to close at theirhighest since June 16, supported by a 3.5 percent rise innatural gas company Petronas Gas Bhd.    Singapore shares ended 0.2 percent higher after datashowed the city-states retail sales in July rose 1.8 percentfrom a year earlier, helped by growth in sales at petrol servicestations.      Top bank Oversea-Chinese Banking Corp led thegains on the index with a 0.9 percent rise, while SingaporeAirlines Ltd climbed 2.2 percent.    Vietnam shares finished 0.3 percent higher, while thePhilippine market was closed as authorities suspendedfinancial trading on account of floods.    For Asian Companies click;  SOUTHEAST ASIAN STOCK MARKETS: Change on day      Change on day                                             Market           Current       Previous Close  Pct Move  Singapore        3235.69       3228.51         0.22  Bangkok          1643.55       1637.54         0.37  Jakarta          5872.377      5871.881        0.01  Kuala Lumpur     1789.86       1782.74         0.40  Ho Chi Minh      799.94        797.47          0.31                                                   Change on year                                   M. 
SE Asia Stocks-Thai index hits highest close in over 2 decades. This article is published at 12 September 2017 05:15 from Sify Indian Business and Finance News, click on the read full article link below to see further details.

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