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SE Asia Stocks-Most extend rally as U.S. jobs report spurs rebound hopes

Published 06/08/2020, 12:28 PM
Updated 06/08/2020, 12:30 PM
© Reuters.
JARD
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JKSE
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KLSE
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SETI
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BBCA
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STI
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PTT
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PTTEP
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VNI
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* Indonesia leads gains with 2.5% jump
* Singapore, Thailand up for 6th day
* Thailand, Vietnam hit their highest levels since late Feb

By Arundhati Dutta
June 8 (Reuters) - Indonesian stocks jumped more than 2% on
Monday as the country began to ease coronavirus-led curbs, while
other Southeast Asian markets also gained on prospects of an
improved global economic rebound following an unexpected jump in
U.S. jobs numbers.
The regional markets rose for most of last week as global
appetite for risk improved and several of its economies began
returning to business after weeks under a lockdown, aided by
government stimulus. The Indonesian benchmark .JKSE gained up to 2.5% and hit
its highest in three months, as investors cheered reports that
the capital city of Jakarta was re-emerging from the
lockdown.
The financial sector accounted for nearly half the index's
gains, with PT Bank Central Asia Tbk BBCA.JK rising 2.4%.
Shares in Singapore .STI gained as much as 1.3% and also
touched their highest level in three months. Heavyweight
conglomerate Jardine Matheson Holdings Ltd JARD.SI , up 3.7%,
was among the top percentage gainers in the index.
The Thai .SETI and Vietnamese .VNI indexes each hit
their highest since late February. A jump in oil prices helped
Thailand's prominent energy sector, with PTT Pcl PTT.BK and
PTT Exploration and Production Pcl PTTEP.BK climbing 3.8% and
6.8%, respectively. O/R
Singapore and Thai indexes were up for a sixth session,
while Vietnam extended gains to a fourth session.
Malaysian markets .KLSE were closed for a holiday.

For Asian Companies click;

SOUTHEAST ASIAN STOCK MARKETS as at 0330 GMT
Change on the
day
Market Current Previous Pct Move
close
Singapore 2784.74 2751.5 1.21
Bangkok 1454.07 1435.7 1.28
Manila 6515.05 6465.13 0.77
Jakarta 5066.528 4947.782 2.40
Ho Chi Minh 898.94 886.22 1.44

Change so far
in 2020
Market Current End 2019 Pct Move
Singapore 2784.74 3222.83 -13.59
Bangkok 1454.07 1579.84 -7.96
Manila 6515.05 7,815.26 -16.64
Jakarta 5066.528 6,299.54 -19.57
Ho Chi Minh 898.94 960.99 -6.46



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