The Stock Exchange of Thailand closed higher, while other Southeast Asian stock markets gained on Tuesday, tracking broader Asian shares and Wall Street overnight, as investors cheered a deal to end a US government shutdown.
The SET main index rose 7.72 points, or 0.42%, to 1,831.78 in trade worth 78.21 billion baht. Banpu Plc, Airports of Thailand Plc, Siam Commercial Bank Plc and Kasikornbank Plc topped most active stocks.
Indonesia shares closed about 2% higher to mark a record closing peak, led by financials and consumer discretionary stocks.
Astra International climbed 3.3%, while Bank Rakyat Indonesia touched a record closing high.
An index of the country's 45 most liquid stocks jumped 2.8%.
Singapore ended 0.6% higher at a more than 10-year peak, driven by financials, with DBS Group Holdings up 1.6%.
Local stocks track US and Hong Kong markets and are moving more or less in tandem with them, said Linus Loo, head of research at Lim and Tan Securities.
Singapore's headline consumer price index rose a less than expected 0.4% in December from a year earlier, due to lower services and private road transport costs, data showed on Monday.
The Philippine index reversed losses to touch a record closing high.
SM Investments Corp was up 2.3%, while JG Summit Holdings Inc rose 2.2%.
Vietnam's Ho Chi Minh stock exchange was closed due to technical difficulties, according to a statement posted on the website of the State Securities Commission, without indicating when the problem would be resolved.
Congress voted on Monday to approve the latest short-term funding bill, and US stocks advanced as each of Wall Street's main indexes scored records in the wake of the deal.
In Asia, MSCI's broadest index of Asia-Pacific shares outside Japan rose about 1% to mark a record peak.
"The sentiment itself is pretty much favourable for risky assets and plus we still agree to the fact that emerging markets are in a sweet spot in terms of economic growth and the stock market direction," said Taye Shim, head of research at Mirae Asset Sekuritas.
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Southeast Asian stock markets |
|
||
|
|
Current |
Previous |
% change |
|
Thailand |
1,831.78 |
1,824.06 |
+0.42 |
|
Indonesia |
6,635.33 |
6,500.52 |
+2.07 |
|
Malaysia |
1,838.04 |
1,833.15 |
+0.27 |
|
Philippines |
8,999.02 |
8,950.62 |
+0.54 |
|
Singapore |
3,592.08 |
3,569.43 |
+0.63 |
|
Vietnam |
|
|
Closed due to technical difficulties |
