SE Asian stocks flat to lower

Dhaka,  Thu,  24 August 2017
Published : 12 May 2017, 12:19:20
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Southeast Asian stocks flat to lower

SE Asian stocks flat to lower
Most Southeast Asian stock markets were flat to lower on Friday, with the Philippines declining for a third time this week on profit-taking.

Indonesia posted its biggest intraday percentage gain in three weeks.

Asian stocks slipped, tracking Wall Street which was dragged down by a selloff in shares of department stores.

Philippine stocks fell as much as 1.1 per cent to their lowest in over a week, with real estate stocks declining the most. Philippine shares had gained 13.1 per cent this year as of Thursday's close.

Singapore shares dropped as much as 0.4 per cent with financials such as United Overseas Bank and Oversea-Chinese Banking Corp leading the losses. Noble Group shares slumped more than 30 per cent, after shedding 33 per cent in the previous session. 

Indonesian shares gained as much as 0.8 per cent on resumption of trade following a holiday on Thursday and were on track to snap two straight sessions of losses, reports Reuters.
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