SE Asia Stocks-Indonesia ends 2013 with first yearly loss since 2008

02-Jan-2014 Intellasia | Reuters | 8:31 AM Print This Post

Indonesian stocks climbed to their highest in nearly three weeks amid selective buying in large-caps, ending 2013 with their first yearly loss since 2008, while stocks in Singapore, Malaysia and Vietnam ended mixed in a light trading session.

Jakarta’s Composite Index finished up 1.5 percent at 4,274.18, the highest close since December 10. Shares of Astra International and Bank Rakyat Indonesia were among those actively traded.

The index was down 1 percent in 2013, amid concerns about Indonesia’s current account deficit and a plan by the US Federal Reserve to reduce its stimulus programme, beginning in January.

Indonesia’s stock exchange recorded about 21 trillion rupiah ($1.71 billion) of net foreign selling so far in the year to December 27, according to Thomson Reuters data.

The bourse said it would reduce trading sizes to 100 shares per lot from 500 shares starting next week, in an effort to increase market liquidity and attract retail investors.

Indonesia will be closed on Tuesday and Wednesday for New Year holidays.

Singapore edged up 0.11 percent at 3,153.29, the highest close since December 4, while Malaysia gained 0.6 percent to a record close of 1,872.52. Vietnam dropped 1.2 percent to 500.35, the lowest since November 14, after late selling.

Thailand and the Philippines are closed Monday to Wednesday, and will reopen on January 2.

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Change on day

Market Current Prev Close percent Move

TR SE Asia Index* 386.19 385.14 +0.27

Singapore 3153.29 3149.76 +0.11

Kuala Lumpur 1872.52 1861.06 +0.62

Jakarta 4274.18 4212.98 +1.45

Ho Chi Minh 500.35 506.41 -1.20

Change on year

Market Current End prev yr percent Move

TR SE Asia Index* 386.19 424.10 -8.94

Singapore 3153.29 3167.08 -0.44

Kuala Lumpur 1872.52 1688.95 +10.87

Bangkok - 1391.93 -6.70

Jakarta 4274.18 4316.69 -0.98

Manila - 5812.73 +1.33

Ho Chi Minh 500.35 413.73 +22.40

* The Thomson Reuters South East Asia Index is a highly representative indicator of stocks listed in Indonesia, Malaysia, the Philippines, Singapore, Thailand and Vietnam.


Category: FinanceAsia

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