* Singapore, Thailand snap longest winning streak in around
a year
* Malaysia to restart nearly all economic activity from
Wednesday
* Vietnam halts 4-day rally
By Arundhati Dutta
June 9 (Reuters) - Most Southeast Asian markets erased early
gains to close lower on Tuesday, putting an end to multi-session
rallies, while Malaysian stocks gained after the country decided
to restart economic activity after a months-long lockdown.
Singapore and Thailand indices before pausing had posted
their longest winning streak in around a year, adding around 10%
and 8%, respectively, over six days.
Leading the fall, Thai shares .SETI closed 2.1% lower with
a drop in oil prices pushing the country's prominent energy
sector sharply lower. O/R
Sector heavyweights PTT Pcl PTT.BK and PTT Exploration and
Production Pcl PTTEP.BK lost over 4%, each.
Singapore shares .STI lost 0.1%, with conglomerate Jardine
Cycle & Carriage Ltd JCYC.SI shedding 3.3% to become one of
the top percentage losers.
Losses in communication services pushed Indonesia's
benchmark .JKSE 0.7% lower, with Telekomunikasi Indonesia
TLKM.JK declining 2.8%.
Vietnam shares .VNI snapped a four-day rally, with
financials leading losses, even as the government said it plans
to allow a resumption of flights to and from countries that have
had no cases of coronavirus for 30 days. On the upside, Malaysian shares .KLSE , which opened after
an extended weekend, hit their highest close since Jan. 22 after
the government said on Sunday it would reopen nearly all
economic activity and allow interstate travel from Wednesday.
The Philippine benchmark .PSI hit its highest close since
early March, with communication services stocks among the top
percentage gainers on the index.
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SOUTHEAST ASIAN STOCK MARKETS
STOCK MARKETS
Change on the
day
Market Current Previous Pct Move
close
Singapore 2794.17 2796.97 -0.10
Bangkok 1408.37 1438.66 -2.11
Manila 6583.84 6514 1.07
Jakarta 5035.055 5070.561 -0.70
Kuala Lumpur 1575.16 1556.33 1.21
Ho Chi Minh 899.43 899.92 -0.05
Change so far
in 2020
Market Current End 2019 Pct Move
Singapore 2794.17 3222.83 -13.30
Bangkok 1408.37 1579.84 -10.85
Manila 6583.84 7,815.26 -15.76
Jakarta 5035.055 6,299.54 -20.07
Kuala Lumpur 1575.16 1588.76 -0.86
Ho Chi Minh 899.43 960.99 -6.41