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SE Asia Stocks-Thailand, Indonesia, Vietnam track Wall Street gains, Singapore down

Published 04/03/2020, 12:01 PM
Updated 04/03/2020, 12:10 PM
© Reuters.
JCYC
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JSH
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JKSE
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KLSE
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STI
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SETI
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PSI
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TPIA
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PTT
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PTTEP
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VNI
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* Thailand imposes nationwide curfew to slow coronavirus
spread
* Indonesia up for second session

By Arundhati Dutta
April 3 (Reuters) - Thai, Indonesian and Vietnamese stocks
on Friday tracked Wall Street's gains as oil prices posted their
biggest one-day surge, while the Singapore market fell on grim
economic data from China.
U.S. stocks rallied on Thursday on hopes for a truce in the
price war between Saudi Arabia and Russia and a cut in oil
output, despite a surge in the number of Americans filing
jobless claims due to coronavirus related shutdowns.
.N
However, no definitive agreement has been agreed upon by
either side.
"Any sense of optimism may be fragile at this point,
particularly given increasing strains in the physical oil market
(lack of oil storage capacity)," analysts at Maybank wrote in a
note.
The Thai index .SETI rose as much as 1.6%, with its
prominent energy sector leading the gains. PTT Pcl PTT.BK and
PTT Exploration and Production Pcl PTTEP.BK rose 8.9% and 7%,
respectively.
Thailand will impose a nationwide night curfew from Friday
to try to curb the spread of the coronavirus, the prime minister
said on Thursday.
Shares in Vietnam .VNI climbed as much as 2%, with gains
underpinned by financial and real estate stocks.
Indonesian equities .JKSE rose up to 1.3%, with materials
sector as the top gainer. Petroleum company PT Chandra Asri
Petrochemical Tbk TPIA.JK climbed over 14%.
On the downside, services activity in China - the region's
biggest trading partner - shrank further in March after a month
of public lockdowns and business closures while companies cut
jobs at the fastest pace on record, a private survey showed on
Friday.
Singapore stocks .STI shed over 1%, with large-caps
Jardine Cycle & Carriage Ltd JCYC.SI and Jardine Strategic
Holdings Ltd JSH.SI losing more than 2% each.
Markets in Malaysia .KLSE and the Philippines .PSI were
also trading lower.

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SOUTHEAST ASIAN STOCK MARKETS AS AT 03333 GMT

STOCK MARKETS
Change on the
day
Market Current Previous Pct Move
close
Singapore 2,434.59 2,453.03 -0.75
Bangkok 1,145.07 1,138.27 0.60
Manila 5,325.22 5,342.31 -0.32
Jakarta 4,577.555 4,531.685 1.01
Kuala Lumpur 1,328.37 1,330.9 -0.19
Ho Chi Minh 692.08 680.23 1.74

Change so far
in 2020
Market Current End 2019 Pct Move
Singapore 2,434.59 3,222.83 -24.46
Bangkok 1,145.07 1,579.84 -27.52
Manila 5,325.22 7,815.26 -31.86
Jakarta 4.577.555 6,299.54 -27.34
Kuala Lumpur 1,328.37 1,588.76 -16.39
Ho Chi Minh 692.08 960.99 -27.98

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