SE Asia Stocks-Major indexes at 2-week highs, Wilmar jumps - News

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SE Asia Stocks-Major indexes at 2-week highs, Wilmar jumps

By: AFX | 09 Nov 2009 | 05:54 AM ET

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By Viparat Jantraprap BANGKOK, Nov 9 (Reuters) - Stock indexes in Singapore, Indonesia and Thailand climbed to their highest in almost two weeks on Monday on buying in resource and commodity companies such as Wilmar International, Astra Agro and PTT. Singapore's benchmark Straits Times Index rose 1.3 percent, with Wilmar, the world's largest listed palm oil producer, jumping 3.2 percent, Noble Group shooting up 6.2 percent and Olam International up 2.8 percent. "Gold is hitting new highs and the U.S. dollar is hitting lows against the euro. All these factors are driving up commodity shares such as Wilmar and Olam," a dealer in Singapore said. Elsewhere in Singapore, Sembcorp Industries rose 2.8 percent after news its utility unit had won an award from Oman to build a 450-megawatt power plant. Property shares recovered in late trade after falling earlier when Singapore's central bank warned that more measures may be needed to curb the risk of renewed speculation in the country's property market, buoyant because of low borrowing costs. CapitaLand ended unchanged while City Development was up 0.6 percent. Indonesia was up 0.5 percent, with Astra Agro , the country's biggest listed plantation firm, up 1.6 percent, while Thailand jumped 2.1 percent, boosted by a 3.7 percent surge in top energy firm PTT. Shares in Charoen Pokphand Foods, Thailand's biggest chicken exporter, rose 2.6 percent. The company reported after the market close that it tripled its third-quarter earnings due to higher exports plus a fall in costs that boosted margins. Malaysia hit a two-week high, ending up 0.6 percent, with palm plantation firm IOI Corp surging 4.5 percent and Sime Darby adding 1.1 percent. But the Philippines fell 0.5 percent, weighed down by telephone group PLDT and Ayala Land, which each fell more than 2 percent. Vietnam dropped 3.8 percent, with Vinamilk down 3 percent and financial firm Bao Viet 5 percent lower. ($1=33.33 Baht) (Editing by Alan Raybould) ((viparat.jantraprapaweth@thomsonreuters.com; +66 2 648 9733; Reuters Messaging: viparat.jantraprapaweth.thomsonreuters.com@reuters.net)) FACTORS TO WATCH: Manila's Globe Telecom sees 2010 capex at $500 mln Malaysia's Maxis eyes $3.4 bln in IPO Singapore c.bank wary of property mkt speculation Palm eases on stocks concerns ahead of MPOB data Ho Chi Minh Stock Exchange falls 3.75 pct For South East Asia Hot Stock reports, click; SOUTHEAST ASIAN STOCK MARKETS Change on the day Market Current Prev Close Pct Move Singapore 2693.38 2658.21 +1.32 Kuala Lumpur 1267.75 1260.76 +0.55 Bangkok 713.48 698.63 +2.33 Jakarta 2406.43 2395.11 +0.47 Manila 2915.71 2931.47 -0.54 Ho Chi Minh 534.09 554.88 -3.75 Change on year Market Current End prev yr Pct Move Singapore 2693.38 1761.56 +52.90 Kuala Lumpur 1267.75 876.75 +44.60 Bangkok 713.48 449.96 +58.57 Jakarta 2406.43 1355.40 +77.54 Manila 2915.71 1872.85 +55.68 Ho Chi Minh 534.09 315.62 +69.22 Stock Market Volume (shares) Market Current Volume Average Volume 90 days Singapore 281,409,700 369,756,617 Kuala Lumpur 84,931,000 115,622,377 Bangkok 3,056,721 4,611,301 Jakarta 2,275,221,000 5,300,072,639 Ho Chi Minh 47,712 60,712 ASIA-PACIFIC STOCK MARKETS: Pan-Asia........ Japan....... S.Korea... S.E. Asia....... Hong Kong... Taiwan.... Australia/NZ.... India....... China..... OTHER MARKETS: Wall Street.... Gold ....... Currency.. Eurostocks..... Oil ........ JP bonds... ADR Report ..... LME metals. US bonds.. Stocks News US.. Stocks News Europe DIARIES & DATA: IPO diary & data Asia earnings diary U.S. earnings diary European diary Singapore diary Wall Street Week Ahead Eurostocks Week Ahead TOP NEWS: For top Asian company news, double click on: U.S.

company news European company news Forex news Global Economy news Banking news Tech,Media,Telecoms Politics/General news Asia Macro data A multimedia version of Reuters Top News is available at: http://topnews.session.rservices.com LIVE PRICES & DATA: World Stocks Currency rates Dow Jones/NASDAQ Nikkei FTSE 100 Debt (Local currency) LME price overview Keywords: MARKETS SOUTHEASTASIA STOCKS/ (If you have a query or comment on this story, send an email to news.feedback.asia@thomsonreuters.com) COPYRIGHT Copyright Thomson Reuters 2009. All rights reserved.

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