Most SE Asian stocks little changed

17 Mar, 2016

Most Southeast Asian stock markets were little changed on Wednesday as investors looked to the US Federal Reserve for cues on interest rate direction, with Malaysia recouping early losses on foreign-led buying.
Kuala Lumpur's composite index ended the day up 0.2 percent, with Tenaga Nasional, the most actively-traded stock, rising 0.6 percent.
The market saw net foreign buying worth 192 million ringgit ($46.43 million), building on the 2.6-billion-ringgit inflow over the past fifteen days, stock exchange data showed.
The Thai SET index was down 0.4 percent, trimming some early losses, helped by a 4.3 percent jump in large cap energy stock PTT Exploration and Production amid a rise in global oil prices.
Regional fund flows were mixed, with the Philippines having a net inflow for a fifth day worth 169 million peso ($3.61 million) while Indonesia recorded a net outflow of 281 billion rupiah ($21.18 million), its first in three days.
Vietnam's benchmark VN Index rose on Wednesday, after falling 0.7 percent in the previous session, led by a rally in banking stocks.

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