The Financial Express

SE Asian shares: Indonesia retreats; Malaysia up

| Updated: December 21, 2017 09:56:44

File Photo (Collected) File Photo (Collected)

Southeast Asian shares were mixed on Wednesday. Indonesian stocks dropped 1.0 per cent after hitting an all-time high in the previous session, while Malaysian shares rose nearly 1.0 per cent.

The Jakarta SE Composite Index was headed for its first session of fall in seven with almost all sectors in the red.

Financials drove the gains in Malaysia, with Public Bank gaining 1.7 per cent and CIMB Group Holdings climbing 3.2 per cent.

Thai shares hit their highest in nearly 24 years in choppy trade and were last up 0.1 per cent. Siam Makro PCL was the top gainer, rising 5.3 per cent.

Philippine shares were little changed after declining 0.7 per cent in the previous session. Financial and real estate stocks were among the laggards, outweighing gains in telecoms.

Metropolitan Bank and Trust Co dropped 1.2 per cent and Security Bank Corp declined 0.8 percent, while PLDT Inc rose 2.1 per cent.

Singaporean shares extended decline into a fifth session, hitting their lowest in nearly two weeks. Telecom and industrial stocks were the biggest losers.

Singapore Telecommunications and Jardine Matheson Holdings fell 0.8 per cent and 0.9 per cent, respectively.

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