Most Southeast Asian stock indexes on Wednesday gained for the second straight day, powered by telecoms stocks, but market turnover was relatively sluggish as doubts remained over the euro zone's ability to tackle its debt crisis.
Malaysia's main index advanced 0.32 percent to end at 1,629.45, its record closing high. Singapore's Straits Times Index rose 0.8 percent to 2,989.31, the highest close since May 4 and Thai SET index gained 0.4 percent to finish at a two-month closing high of 1208.67.
Telecoms stocks were strong, with Malaysia's Axiata Group Bhd up 3.4 percent and Singapore Telecommunications Ltd 1.8 percent higher. Thai telecoms group Shin Corporation Pcl jumped 4.3 percent amid hopes for its high dividend payouts.
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