Reuters: Hot Stocks: SE Asia Stocks-Most flat ahead of Fed; Indonesia falls

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SE Asia Stocks-Most flat ahead of Fed; Indonesia falls Sep 17th 2013, 06:12 Tweet Share this Email Print Related Topics Cyclical Consumer Goods » Industrials » Utilities » Tue Sep 17, 2013 2:12am EDT BANGKOK, Sept 17 (Reuters) - Most Southeast Asian stocks traded nearly flat to weaker on Tuesday as investors await the outcome of the U.S. Federal Reserve's two-day policy meeting on the prospect of monetary stimulus tapering. The Philippine index was up 0.4 percent in relatively strong volume that was 1.5 times a full-day average over the past 30 sessions, helped by selective buying in large cap stocks such as Ayala Land and Manila Electric. Other regional benchmarks, including Singapore's Straits Times Index, Malaysia's key index and Vietnam's index were nearly unchanged. The Thai index pared most of its earlier gains amid selling in recently-rallying banks. Citi said was upbeat on the prospect of Thailand's medium-term economic growth, led by export and investment recovery, and that it banking shares were among its list of overweight-rated stocks in Thailand. "Thai banks are well-capitalized for any downside surprise...Loan demand among big corporates remains resilient," the brokerage said in a Sept. 16 report. The Thai stock exchange has recorded foreign inflows since the last week, similar to the foreign inflows to ASEAN peers, as consensus has scaled back its expectations for the Fed to taper its asset purchases, attracting investors into the battered region. Indonesia's index retreated 0.6 percent at midday, after the previous session's rally, amid selling in recent gainers with shares in PT Astra International Tbk leading the way. Broker Bahana Securities rated car maker Astra a "reduce", citing the potential impact of fuel price hike on short-term auto sales. For Asian Companies click; For South East Asia Hot Stock reports, click; SOUTHEAST ASIAN STOCK MARKETS Change at 0544 GMT Market Current Prev Close Pct Move TR SE Asia Index* 407.32 407.72 -0.10 Singapore 3182.46 3179.48 +0.09 Kuala Lumpur 1771.13 1770.80 +0.02 Bangkok 1445.38 1445.11 +0.02 Jakarta 4494.85 4522.24 -0.61 Manila 6329.48 6302.71 +0.42 Ho Chi Minh 476.96 475.57 +0.29 (Reporting by Viparat Jantraprap; Editing by Supriya Kurane) Tweet this Link this Share this Digg this Email Reprints We welcome comments that advance the story through relevant opinion, anecdotes, links and data. If you see a comment that you believe is irrelevant or inappropriate, you can flag it to our editors by using the report abuse links. Views expressed in the comments do not represent those of Reuters. For more information on our comment policy, see http://blogs.reuters.com/fulldisclosure/2010/09/27/toward-a-more-thoughtful-conversation-on-stories/ Comments (0) Be the first to comment on reuters.com. Add yours using the box above.

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