SE Asia Stocks-Indonesia falls to lowest since Jan 2; others mixed

May 31, 2012
By

May 31 (Reuters) – Indonesia‘s stock market fell 2.2 percent

on Thursday with heavy foreign outflow linked to euro zone debt

woes and volatility in its rupiah currency, while other

markets in the region closed mixed.

Jakarta Composite Index fell to 3,832.82, its lowest

close since Jan. 2, w ith foreign outflow of $117.76 million

concentrated in blue chips, traders said.

Indonesia’s currency traded at 9390 rupiah to 9410 rupiah

against U.S dollar at 0909 GMT on Thursday, near levels last

seen in late 2009.

“(The) main factors are still Europe and rupiah volatility,

even though the central bank had already said it is confident to

keep it the currency at the 9,450 level,” said Teddy Dwitama, an

analyst at Jakarta-based OSK Nusadana Research.

Singapore edged down 0.4 percent and Vietnam

shed 1.4 percent. Bucking the trend, the Philippines

jumped 1.5 percent to its highest close since May 11, Malaysia

gained 0.4 percent and Thailand edged up 0.3

percent.

Most Southeast Asian stocks suffered losses in May amid

foreign outflows and falling demand for riskier assets over

worries about Europe.

Indonesia posted its worst month since October 2008, falling

8.3 percent in May, Southeast Asia’s second worst performer

after a 9.4 percent drop of Vietnam.

Thailand fell 7.1 percent. Malaysia eked out a 0.64

percent gain for the month.

(Reporting by Shihar Aneez in Colombo and Viparat Jantraprap

in Bangkok; Editing by Ed Lane)

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SOUTHEAST ASIAN STOCK MARKETS

Change on day

Market Current Prev Close Pct Move

Singapore 2772.54 2783.95 -0.41

Kuala Lumpur 1580.67 1575.17 +0.35

Bangkok 1141.50 1138.63 +0.25

Jakarta 3832.82 3917.92 -2.17

Manila 5091.23 5023.11 +1.45

Ho Chi Minh 429.20 435.34 -1.41

Change on year

Market Current End prev yr Pct Move

Singapore 2772.54 2646.35 +4.77

Kuala Lumpur 1580.67 1530.73 +3.26

Bangkok 1141.50 1025.32 +11.33

Jakarta 3832.82 3821.99 +0.28

Manila 5091.23 4371.96 +16.45

Ho Chi Minh 429.20 351.55 +22.09

Stock Market Volume (shares)

Market Current Volume Average Volume 30 days

Singapore 348,113,900 259,279,693

Kuala Lumpur 310,723,800 121,773,010

Bangkok 6,120,118 4,509,584

Jakarta 3,755,097,500 3,319,270,250

Manila 83,046 113,395

Ho Chi Minh 48,180 94,809

($1 = 3.1630 Malaysian ringgit)

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