|Published : 21 Mar 2017, 14:46:09|
Southeast Asian stocks mostly rise
Most Southeast Asian stock markets rose on Tuesday, in line with Asian peers on the prospects of a less hawkish US Federal Reserve policy trajectory.
MSCI's broadest index of Asia-Pacific shares outside Japan rose 0.1 per cent, staying near a 21-month high touched on Monday.
Indonesian shares were headed for their sixth session of gains in seven, supported by energy and financial stocks.
Coal mines operator Baramulti Sukses Sarana Tbk and PT Bank Central Asia Tbk both hit record highs, gaining as much as 24.14 per cent and 1.24 per cent respectively.
Philippine shares also climbed on the back of gains in industrials and financials. International Container Terminal Services Inc rose as much as 4.2 per cent, while BDO Unibank Inc climbed up to 1.7 per cent.
Thailand eked out a marginal gain, extending gains into a fourth straight session, with energy stocks accounting for more than half of the gains.
Malaysia rose as much as 0.5 per cent to its highest since May 2015. Malayan Banking Bhd gained 1.0 per cent, according to Reuters.