* Indonesia, Malaysia and the Philippines up for 7th day
* Thailand and Vietnam hit 3-month peaks
* Singapore sole loser in the region
By Arundhati Dutta
June 4 (Reuters) - Philippine, Thai and Vietnamese shares
hit their highest in around three months on Thursday as
Southeast Asian markets extended a week-long rally, driven by
the re-opening of regional economies and prospects of fresh
stimulus to aid the recovery.
Indonesia, Malaysia and the Philippines extended their
winning streaks to a seventh session, while Thailand saw a
fourth session of gains.
The Philippines' main index .PSI led the gains, rising
more than 3% to its highest level since March 11, with blue
chips SM Investments Corp SM.PS and Ayala Land Inc ALI.PS
adding 5.2% and 2.6%, respectively.
Lawmakers in the islands are poised to pass billions of
dollars in aid to bolster the economy as Manila follows smaller
towns back on line after one of the world's most stringent
lockdown.
The regional rally reflects the broad turn in global
sentiment in the past two weeks, with investors increasingly
betting that stimulus from the world's major central banks and
governments will help most economies reboot successfully.
"In every sense, this looks like, walks like, and quacks
like a true-blue 'risk on' rally," analysts from Japanese bank
Mizuho said in a note.
Shares in Malaysia .KLSE touched their highest since the
end of January. The top percentage gainer in the index was
chemicals producer Petronas Chemicals Group PCGB.KL , which
rose 7.7%.
In Indonesia, the financial sector accounted for nearly a
third of the benchmark's .JKSE gains, with PT Bank Central
Asia Tbk BBCA.JK climbing as much as 3.6%.
Financials were the top gainers in Thailand and Vietnam as
well, where both benchmark indices .SETI and .VNI hit their
highest levels since early March.
Thailand's Kasikornbank KBANK.BK and Vietnam's Vietinbank
CTG.HM gained the most in their respective sectors.
Singaporean shares .STI were the sole losers in the
region.
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SOUTHEAST ASIAN STOCK MARKETS AS AT 0419 GMT
STOCK MARKETS
Change on the
day
Market Current Previous Pct Move
close
Singapore 2698.94 2700.39 -0.05
Bangkok 1398.04 1374.18 1.74
Manila 6443.38 6245.65 3.17
Jakarta 4987.812 4941.006 0.95
Kuala Lumpur 1548.49 1538.53 0.65
Ho Chi Minh 886.11 881.17 0.56
Change so far
in 2020
Market Current End 2019 Pct Move
Singapore 2698.94 3222.83 -16.26
Bangkok 1398.04 1579.84 -11.51
Manila 6443.38 7,815.26 -17.55
Jakarta 4987.812 6,299.54 -20.82
Kuala Lumpur 1548.49 1588.76 -2.53
Ho Chi Minh 886.11 960.99 -7.79