* Singapore, Thailand rise for 7th session
* Malaysia to restart nearly all economic activity
* Vietnam up for fifth day
By Arundhati Dutta
June 9 (Reuters) - Singapore stocks rose on Tuesday, putting
them on course for their longest winning streak since March last
year, while Malaysia gained over 2% after saying it would
restart nearly all economic activity after months under
coronavirus-related curbs.
With gains on developed markets driving stock markets
globally higher, Thai shares were also set for their longest
rally since June 2019 and Indonesian equities extended gains to
a third day.
The Indonesian market has been the region's worst hit in the
coronavirus crisis, still down 19% for the year so far, despite
a recovery across the region that has taken Malaysia close to
positive territory for 2020 and limited the Bangkok and Ho Chi
Minh exchanges to single-digit percentage losses.
Malaysian stocks .KLSE gained up to 2.2% on Tuesday after
a long holiday weekend and hit their highest since Jan. 22.
Malaysia Airports Holdings MAHB.KL was the top gainer with a
rise of 8.2%.
The country said on Sunday it would reopen for business and
allow interstate travel from June 10, and that the coronavirus
outbreak was "successfully" under control. Singapore shares .STI climbed as much as 1.1% to their
highest since mid-March. Sembcorp Industries SCIL.SI surged
34.6% and was on track for its best day on record after a
proposed demerger from loss-making rigbuilder Sembcorp Marine
SCMN.SI .
Thai shares .SETI climbed for a seventh session in a row,
with consumer staples being the biggest winners on the index.
Indonesian stocks .JKSE firmed up to 1%, with financials
and consumer staples accounting for nearly a third of the
benchmark index's gains.
Vietnamese equities .VNI advanced for a fifth day,
underpinned by consumer staples and industrials.
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SOUTHEAST ASIAN STOCK MARKETS AS AT 0418 GMT
STOCK MARKETS
Change on the
day
Market Current Previous Pct Move
close
Singapore 2828.65 2796.97 1.13
Bangkok 1447 1438.66 0.58
Manila 6528.14 6514 0.22
Jakarta 5090.535 5070.561 0.39
Kuala Lumpur 1579.86 1556.33 1.51
Ho Chi Minh 904.62 899.92 0.52
Change so far
in 2020
Market Current End 2019 Pct Move
Singapore 2828.65 3222.83 -12.23
Bangkok 1447 1579.84 -8.41
Manila 6528.14 7,815.26 -16.47
Jakarta 5090.535 6,299.54 -19.19
Kuala Lumpur 1579.86 1588.76 -0.56
Ho Chi Minh 904.62 960.99 -5.87