Most Southeast Asian stock markets ended flat to weaker on Wednesday, with Singapore dropping almost 1 percent, led down by palm oil firm Wilmar International Ltd which came under selling pressure due to worse-than-expected quarterly earnings. The Straits Times Index ended three sessions of gains, with Wilmar down 7.1 percent.
Thai index ended unchanged in a choppy session and after a six-day rising streak as profit-taking hit recent gainers such as Bangkok Bank Pcl. Market players in large part remained cautious as global growth concerns broadly hit shares in Europe and Asia on the day. Malaysia inched up 0.05 percent at 1,653.78, topping a record closing high of 1,652.90 on Tuesday. The Philippine index was flat after Tuesday's 0.1 percent fall. Vietnam rose for a third session, adding 0.3 percent to the highest close since June 21.
Comments
Comments are closed.