* Thailand leads gains in Southeast Asia
* Philippines extends gains to third session
* Indonesia falls as financials weigh
By Arundhati Dutta
April 7 (Reuters) - Most Southeast Asian stock markets
tracked Wall Street and Asian equities higher on Tuesday, with
Thailand rising the most, although gains were capped following a
spike in infections due to the coronavirus in the region.
As the number of daily deaths in New York steadied and
fatalities slowed across western Europe, all three U.S. main
indexes closed more than 7% higher on Monday, lifting Asian
equities to their second straight day of gains on Tuesday. .N
MKTS/GLOB
However, fresh infections rose in Singapore and Indonesia
saw the biggest daily jump in new cases. "Upsides to risk-on moves may still be capped at some point,
given that the eventual economic impact of the crisis (firm
closures, job losses) is still expected to be massive even if
contagion curves are successfully flattened, " analysts at
Maybank wrote in a note.
The Thai index .SETI rose as much as 4.4%, with energy
stocks leading gains. PTT Pcl PTT.BK and PTT Exploration and
Production Pcl PTTEP.BK climbed as much as 8.5% and 7.9%,
respectively.
Singaporean shares .STI jumped 2.7%, with United Overseas
Bank Ltd UOBH.SI gaining 3% and DBS Group Holdings Ltd
DBSM.SI 2.7%.
In the Philippines, shares .PSI advanced for a third
straight session and hit a near four-week high. The benchmark
index was boosted by gains in big-cap conglomerates SM
Investments SM.PS and Ayala Land ALI.PS .
The country's President Rodrigo Duterte approved the
extension of a lockdown and home quarantine measures covering
more than half of the population. The Indonesian benchmark .JKSE fell, with financials
dragging the most. PT Bank Central Asia Tbk BBCA.JK shed up to
1.9%.
The Indonesian health ministry approved a request by the
government of Jakarta to impose large-scale social restrictions
in the city. Asian Companies click;
SOUTHEAST ASIAN STOCK MARKETS AS AT 03333 GMT
STOCK MARKETS
Change on the
day
Market Current Previous Pct Move
close
Singapore 2515.97 2470.59 1.84
Bangkok 1177.14 1595.82 -26.24
Manila 5652.02 5570.81 1.46
Jakarta 4744.933 4811.827 -1.39
Kuala Lumpur 1357.3 1341.69 1.16
Ho Chi Minh 736.14 736.75 -0.08
Change so far
in 2020
Market Current End 2019 Pct Move
Singapore 2515.97 3222.83 -21.93
Bangkok 1177.14 1579.84 -25.49
Manila 5652.02 7,815.26 -27.68
Jakarta 4744.933 6,299.54 -24.68
Kuala Lumpur 1357.3 1588.76 -14.57
Ho Chi Minh 736.14 960.99 -23.40