SE Asia Stocks-Thai shares perk up after unexpected rate cut

BANGKOK, Nov 27 (Reuters) - Thai stocks rose on Wednesday as

the central bank's unexpected rate cut boosted interest

rate-sensitive property stocks such as Land & Houses

while most Southeast Asian stock markets posted limited gains

after a range-bound session.

Thai SET index rose 1.1 percent, building on the

modest rise on Tuesday and further recouping its losses this

month, after the Bank of Thailand surprisingly cut its benchmark

interest rate by 25 basis points to cope with domestic risks.

The benchmark drifted lower in early trading hours as

anti-government protesters marched across the Bangkok capital

and stepped up protests across the country in an effort to oust

Prime Minister Yingluck Shinawatra.

The property sub-index was an outperformer, surging

3.3 percent, led by a 4.7 percent rise in shares of Land &

Houses, the third-biggest percentage gainer on the large cap

SET50 index.

Thai stocks suffered more outflows, with foreign investors

selling a net 4.4 billion baht ($137.5 million) on the day,

taking their net selling this month to $1.46 billion and

year-to-date net selling to $4.9 billion.

In a choppy session, stocks in Indonesia closed up

0.4 percent, falling at one point to an 11-week low amid the

weakness in the rupiah. The Indonesian currency lost

1.1 percent to its weakest since March 2009.

The Philippines, plagued by the impact of typhoon

Haiyan, gained 0.5 percent following the rebound on Tuesday.

Singapore and Malaysia were nearly flat, edging

down 0.05 percent and up 0.02 percent, respectively.

Stocks in Vietnam pared early gains to fall 0.2

percent, after three straight sessions of rising streaks.

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SOUTHEAST ASIAN STOCK MARKETS

Change on day

Market Current Prev Close Pct Move

TR SE Asia Index* 397.89 397.54 +0.09

Singapore 3172.06 3173.51 -0.05

Kuala Lumpur 1798.46 1798.13 +0.02

Bangkok 1373.11 1358.69 +1.06

Jakarta 4251.49 4235.26 +0.38

Manila 6053.87 6025.37 +0.47

Ho Chi Minh 508.43 509.16 -0.14

Change on year

Market Current End prev yr Pct Move

TR SE Asia Index* 397.89 424.10 -6.18

Singapore 3172.06 3167.08 +0.16

Kuala Lumpur 1798.46 1688.95 +6.48

Bangkok 1373.11 1391.93 -1.35

Jakarta 4251.49 4316.69 -1.51

Manila 6053.87 5812.73 +4.15

Ho Chi Minh 508.43 413.73 +22.89

* The Thomson Reuters South East Asia Index is a

highly representative indicator of stocks listed in Indonesia,

Malaysia, the Philippines, Singapore, Thailand and Vietnam.

Stock Market Volume (shares)

Market Current Volume Average Volume 30 days

Singapore 192,118,400 217,327,635

Kuala Lumpur 137,681,500 126,084,927

Bangkok 6,476,487 7,293,735

Jakarta 2,790,126,000 3,380,198,683

Manila 119,850 79,727

Ho Chi Minh 102,743 84,297

source:ph.yahoo.com