http://www.biz-day.com/stocks/ Business Day Stocks Headlines en-us BANGKOK, Oct 25 - The Stock Exchange of Thailand (SET) composite index on Thursday surged 3.17 per cent thanks to speculative buys in energy stocks as investors believed global oil prices would reach US$100 a barrel, dealers said.'The SET index closed at 893.45 points, up 27.42 points from Wednesday, with a turnover of more than Bt22 billion.'A dealer at Sicco Securities said investors bought energy shares after finding that the mid-December contract was struck at US$100 a barrel and it... http://www.biz-day.com/read/stocks/25_oct_07/f3wi6-k/thai_shares_surge_3_17_energy_stock_purchases.htm BANGKOK, Oct 7 - Investors on the Stock Exchange of Thailand (SET) will this week await the outcome of a meeting of the Bank of Thailand's (BoT) Monetary Policy Committee on local interest rate, third quarter earnings projections of commercial banks and the new consumer confidence index before entering the market, according to a report issued by the respected Kasikorn Research Center think tank. 'The Monetary Policy Committee will confer regarding the interest rate on Wednesday while the... http://www.biz-day.com/read/stocks/08_oct_07/b7d9w-t/stock_players_await_3q_bank_earnings_interest_rate.htm BANGKOK, Sept 30 - Investors in the Stock Exchange of Thailand (SET) await listed bank earnings projections for the third quarter, a decision by the Bank of Thailand (BoT) on interest rate, consumer price index (CPI) figures for September and several key US economic data reports before entering the market this week, while at the same time Thailand's baht is expected to move within a narrow range, according to a report issued by Kasikorn Research Center. ' 'The SET composite index on Friday... http://www.biz-day.com/read/stocks/30_sep_07/bh2n2-e/set_awaits_earnings_projections_baht_moving_narrowly.htm At the Extraordinary General Meeting of shareholders No.1/2007 of'Standard Chartered Bank (Thai) Public Company Limited (SCBT),the meeting'approved the voluntary delisting of its securities from the Stock Exchange of'Thailand (SET).At present,Standard Chartered Bank has made an offer for all'SCBT's securities consisting of common share at THB 22 per share. This offer'stands for 45 business days,being from July 25, 2007 through September 27,2007.' The Stock Exchange of Thailand (SET)... http://www.biz-day.com/read/stocks/23_sep_07/e6i2a-i/september_27_2007_closing_date_of_tender_offer_scbts.htm The Stock Exchange of Thailand (SET), Language@Click Language School,'The Nation newspaper, and SCG Paper Co., Ltd. are co-hosting the "ELLIS'Championship 2007" competition with prizes worth over THB 300,000 and'a trophy granted by H.R.H. Princess Maha Chakri Sirindhorn.'The "ELLIS Championship 2007" is an opportunity for college students to'demonstrate their English-language skills. It also complements an existing'project in which SET gave 2,000 copies of ELLIS English-learning... http://www.biz-day.com/read/stocks/23_sep_07/iqp8i-4/thai_bourse_host_english_language_competition_students.htm BANGKOK, Sept 18 (Reuters) - Thailand's benchmark stock'index (.SETI: Quote, Profile, Research) was up 0.24 points, or 0.03 percent, at 802.89'points in thin turnover of 7.52 billion baht ($219.5 million)'at 0735 GMT on Tuesday.' Stocks on the move included:' - SMC Motors (SMC.BK: Quote, Profile, Research), a distributor of Volvo and Mazda'cars in Thailand, jumped 9.2 percent to more than a two-month'high of 1.79 baht after the firm said it expected to conclude'its private placement... http://www.biz-day.com/read/stocks/20_sep_07/dgeib-k/banks_holding_out_well_against_fluctuations.htm BANGKOK, Jan 5 - The Stock Exchange of Thailand (SET) composite index plunged sharply on opening Friday on investor jitters over Sunday's bombings here, rumours on a new coup and on last month's foreign capital requirement imposed by the central bank, a senior analyst said.'Adisak Kammool, senior market analyst of KGI Securities (Thailand), said investors sold large market capitalisation stocks on concerns of reports of another coup in Thailand and on worries that the SET index had fallen... http://www.biz-day.com/read/stocks/04_jan_07/cx49i-n/thai_stock_market_declines_sharply_opening.htm BANGKOK, Jan 5 - The Stock Exchange of Thailand and the Federation of Thai Capital Market Organisations plan to meet with 10 foreign brokerage houses on Monday to assess impacts of the New Year's Eve bombings and the 30 per cent reserve requirement.'Vichet Tantivanich, Senior Executive Vice President of SET, said the main issues to be discussed include ways to cooperate to restore confidence following a series of bomb blasts in the capital on the New Year's Eve and worries by foreign... http://www.biz-day.com/read/stocks/04_jan_07/zybfs-s/set_discuss_bombing_impact_with_foreign_brokers.htm BANGKOK, Dec 30 - The Stock Exchange of Thailand (SET) composite index Friday moved in a narrow range with thin turnover due to the lack of fresh factors to stimulate investment while most investors, particularly foreigners, preferred to stay on the sidelines due to the coming New Year celebrations.' 'The SET index fell 0.52 points to close at 679.84 points on a total turnover of about Bt9.2 billion. The Market for Alternative Investment closed at 193.43 points, up 1.61 points from Thursday,... http://www.biz-day.com/read/stocks/30_dec_06/jcgms-s/thai_bourse_closes_year_with_sluggish_trade.htm Bangkok, Dec 20: Thailand's stock market opened nearly 9 percent higher Wednesday, recovering from a historic fall that shook regional markets and sparked concerns over another Asian financial crisis.'Shares on the Stock Exchange of Thailand jumped 8.9 percent to open at 677 after the market tumbled nearly 15 percent the day before in reaction to new rules restricting foreign investment aimed at stemming the baht's surge.'In the wake of the market turmoil, Thai authorities lifted controls... http://www.biz-day.com/read/stocks/20_dec_06/crni2-w/thai_stocks_rebound_after_government_scraps_currency.htm BANGKOK, Dec 20 - Pressed by strong criticism over a mandatory reserve on short-term capital inflows that caused an unexpected plunge in the Stock Exchange of Thailand composite index on Tuesday, the Finance Ministry has agreed to ease the measure by lifting the withholding of a 30 per cent portion of foreign currencies bought or exchanged for investment in SET and direct investment. 'Speaking after a meeting with top officials of the Bank of Thailand, Securities and Exchange Commission,... http://www.biz-day.com/read/stocks/19_dec_06/ei7fj-i/finance_ministry_lifts_controls_stock_market_inflows.htm Bangkok, Business Day - Tuesday Thai stock investors suffered the largest single-day drop since the Stock Exachange of Thailand (SET) was born in 1975.'In an unique measure to install capital controls to protect against Baht speculation, Thailand's central bank announced their new <B><A HREF="http://www.biz-day.com/read/foreign_business/19_dec_06/dynnv-e/article.htm.htm" TARGET=_blank>rules</A></B>: In short, 30% of all foreign investments in Thailand would have to be deposited. If the... http://www.biz-day.com/read/stocks/19_dec_06/dn65q-t/black_tuesday_thai_stock_index_drops_14_8.htm Bangkok, Dec 19: Thai stocks plummeted nearly 15 per cent after the country's central bank introduced new controls on foreign investment, rattling markets throughout the region in the most dramatic turmoil since the 1997 Asian financial crisis. 'Investors dumped stocks in Hong Kong, India, Indonesia, Malaysia, South Korea and the Philippines amid contagion concerns that the plunge might spread through the region and trigger the kind of slump that enveloped Asia nearly ten years ago, reports... http://www.biz-day.com/read/stocks/19_dec_06/d3iqe-k/thai_stocks_plummet_by_15.htm BANGKOK, Dec 18 - Thailand's stock market is initiating creative investment schemes to attract more middle-income players.'The Stock Exchange of Thailand is set to attract more medium-income people to investing through the Long Term Equity Fund and the Retirement Mutual Fund (LTF-RMF) to get taw waivers and boost savings.'SET executive vice president Kaengkla Rakpaopan said some 3,600 persons had invested throughthe LTF-RMF programme since SET cooperated with 18 mutual funds to launch a... http://www.biz-day.com/read/stocks/18_dec_06/bagsv-y/set_seeks_more_medium_income_players_thai_stock_market.htm BANGKOK, Nov 16 - Deputy Prime Minister and Finance Minister Pridiyathorn Devakula on Wednesday expressed disagreement with a proposed de-listing of MCOT Public Company Limited from the Stock Exchange of Thailand, saying the existing policy is appropriate.'MR Pridiyathorn said he was unaware of a proposal by the prime minister's office minister that MCOT Pcl shares be withdrawn from the bourse.'"I think such a viewpoint sounds terrible. The existing policy is already good," MR Pridiyathorn... http://www.biz-day.com/read/stocks/16_nov_06/c9mj3-x/finance_minister_opposes_mcot_de_listing.htm BANGKOK, Oct 9 - The money and capital markets are waiting for clarity of the new cabinet with the baht expected to stay at 37.35-37.65 to the US dollar and the Stock Exchange of Thailand's index in a range of 690-703 this week, according to Kasikorn Research Centre.'The leading think tank reported the baht moved in a narrow range in the same direction with the Japanese yen last week although the market would react positively to the face of the new prime minister.'However, the market is... http://www.biz-day.com/read/stocks/09_oct_06/zu29v-m/money_capital_markets_waiting_clarity_of_new_cabinet.htm The Stock Exchange of Thailand is expected to reopen on Thursday (Sept 21) following a bloodless overnight coup, senior assistant secretary general of the country's Securities and Exchange Commission Pravej Ongartsittigul said. ''I think there will be a reopening (of markets) tomorrow. I'm quite positive,' XFN-Asia quoted Pravej as saying. 'He said that SEC secretary general Thirachai Phuvanatnaranubala was now leaving Shanghai to return to Thailand for en emergency meeting of officials.... http://www.biz-day.com/read/stocks/20_sep_06/ehy5s-s/thailand_stock_exchange_likely_reopen_tomorrow.htm HONG KONG, Sept 14 - Finance Minister Thanong Bidaya on Thursday convinced major foreign institutional investors around the world of the Thai economic growth prospect, saying the Stock Exchange of Thailand (SET) index could surpass 800 points if the ruling Thai Rak Thai Party won the upcoming election and formed a new government again.'Speaking at the 3rd ASEAN Finance Ministers' Investor Seminar in Hong Kong, in which more than 1,000 institutional investors from 30 countries around the... http://www.biz-day.com/read/stocks/15_sep_06/z7yph-b/set_index_surpass_800_points_if_trt_party_forms_new.htm Thailand's leading brokerage firm Kim Eng has fallen short of reaching it's projected market share of 10% for this year. The firm's share has dropped to 8-9% with the Stock Exchange of Thailand seeing a sharp increase in foreign activity. The firm's revenue for the first half has also dropped to 1.09 billion baht, from 1.35 billion baht for the same period last year. Net profit has also fallen from 425.55 million to 315.67 million for the same periods.'According to sources, brokerage revenue... http://www.biz-day.com/read/stocks/08_sep_06/f2ibj-u/kim_engs_market_share_plummets.htm BUSINESS DAY'The listed companies in the Market of Alternative Investment (MAI) posted a total revenue of 12.88 billion baht in the first quarter of this year, an 11 percent rise from a year ago, with total net profits of about 649 million baht. Eight companies posted a higher than 100 percent growth.'MAI President Chanitr Charnchainarong, pictured, said MAI has 37 listed companies and they had announced the first half performance with 649 million baht in net profit and sales growth of 11... http://www.biz-day.com/read/stocks/17_aug_06/zydia-n/mai_companies_post_12_9bn_baht_revenue.htm Investment sentiment in the Stock Exchange of Thailand will improve as the remaining three members of the Election Commission ended up in jail, paving the way for the selection of a new one.'Earlier, Montri Sornpaisal, President of Kim-Eng Securities Public Company Limited, said the issue of the royal endorsement for the general election on October 15 had improved a political climate in the country. But unless there was a replacement of the remaining three election commissioners, it would... http://www.biz-day.com/read/stocks/25_jul_06/cib7u-q/investment_morale_improve.htm This week's royal endorsement of a general election set for October 15 should be a positive factor for both the money and equity markets next week, according to a report issued by Kasikorn Research Centre.'The report said the Thai baht strengthened to its peak against the dollar in the past week and closed at Bt37.953 on Friday compared to Bt38.017 against the dollar a week ago.'The baht became stronger due to various factors including the royal endorsement of the election and the Chinese... http://www.biz-day.com/read/stocks/23_jul_06/dhese-d/election_set_bring_new_life_markets.htm BUSINESS DAY'Worries over continuing local political problems and the record high price of crude oil resulting from mounting tensions over acts of war in the Israeli-Palestinian-Lebanon conflict will continue to depress the Stock Exchange of Thailand (SET) this week, according to a forecast by Kasikorn Research Center (KResearch). Last Friday, the SET index closed at 661.59 points, down 3.57 percent from a week ago. Average daily turnover stood at about 10.07 billion baht from 11.35 billion... http://www.biz-day.com/read/stocks/16_jul_06/cwy6y-h/politics_depress_set_again.htm Shares of True Corp, which operates Thailand's third-largest mobile-phone operator, were halted from trading this afternoon as it prepares to sell new shares. ' True's shares will resume trading on the Stock Exchange of Thailand tomorrow morning Bangkok-based True and the exchange said in separate statements today. Its shares were up 0.10 baht, or 1.2 percent, at 8.45 as of the 12:30 pm break in Bangkok.' True said it has been setting the price on the sale of 402 million new shares... http://www.biz-day.com/read/stocks/06_jul_06/fex9p-a/true_shares_halted_prepares_sale.htm BANGKOK, May 29 (TNA) - Stock markets in Asia, particularly the Stock Exchange of Thailand (SET), will continue to be bolstered by foreign capital although some funds have flew back into the United States since prices of most stocks remain low, according to the KASIKORN Research Center (KRC).'The leading think tank said on Monday that the SET index had dropped sharply by around 10 per cent in the past few weeks to close at 701.03 points on May 25, the lowest in five months when the index... http://www.biz-day.com/read/stocks/30_may_06/ii8sf-2/set_remain_attractive_foreign_capital_investment.htm Key stock index Thursday fell to a six-week low on concern the central bank may raise borrowing costs after a US inflation report suggested the Federal Reserve may increase interest rates further. Bangkok Bank Plc and other lenders led declines.'The Stock Exchange of Thailand (SET) index dropped 14.06, or 1.8 percent, to 748.30 at the 4:30pm close in Bangkok, its lowest close since April 4. Eight stocks fell for each that rose.'Speculation the Fed will add to 16 straight rate increases was... http://www.biz-day.com/read/stocks/18_may_06/hhnvh-t/set_index_drops_1_8.htm Thailand's Tirathai, a producer of power transformers, plans to launch an initial public offering next week, an official at KGI Securities, the deal's financial adviser, said Monday. 'The subscription period will run 26-28 April and the shares are tentatively scheduled to debut May 10, the official said. 'The IPO price will be announced early next week, she added. 'Tirathai's upcoming share offering follows the easing political tensions in Thailand that had forced many companies to put their... http://www.biz-day.com/read/stocks/20_apr_06/bgpe5-9/tirathai_start_share_offering_next_week.htm BANGKOK Land has raised 354 million baht (US$9.3 million) after it sold 500 million new shares at 0.708 baht each to Hong Kong-based Addon Holdings, the Thai property developer said Tuesday. 'The company said in a filing to the Stock Exchange of Thailand that the payment was made on April 12 after the share sale plan was approved earlier by the board on April 4. 'The proceeds of share sale will be used to partly refinance its debts totaling around 20.72 billion baht as of the end of 2005.... http://www.biz-day.com/read/stocks/18_apr_06/iyc5h-d/bangkok_land_new_shares.htm LONDON - European stock exchanges faltered Wednesday on disappointing corporate news in Paris and London and in response to profit-taking in Frankfurt. 'The London FTSE 100 index gave up 0.76 percent to close at 5,812.9, while in Paris the CAC 40 index lost 0.45 percent to finish at 4,969.51. The Frankfurt DAX fell 1.15 percent to 5,673.36. 'The Euro Stoxx 50 index of leading eurozone shares slipped 0.46 percent to 3,727.96. 'On the currency market the dollar dipped against the euro ahead... http://www.biz-day.com/read/stocks/09_mar_06/fxrwp-a/euro_stocks_fall_bleak_news.htm Thailand's key stock index fell for a fourth day, the longest decline since November, after a report showed consumer confidence dropped for the first time in five months amid political concerns. 'PTT Exploration & Production Pcl, the country's second- largest natural gas producer, fell on concern crude oil's drop yesterday to a near five-week low will damp profit growth. 'The SET Index lost 1.49, or 0.2 percent, to 733.14 at the 4:30 p.m. close in Bangkok, its lowest finish since Jan. 3.... http://www.biz-day.com/read/stocks/09_feb_06/zaxmz-i/set_falls_fourth_day.htm European stocks rebounded from a two- day decline after BG Group Plc reported earnings that beat analysts' estimates and Unilever said it plans to sell a unit. 'Earnings confirm that companies have made a big effort in all areas,'' said Michele Giovannetti, a fund manager at Montpensier Finance in Paris, which oversees $1.2 billion. 'Stocks should continue to gain. Analysts have been too cautious'' about profit growth. Energy companies including Total SA and Saipem SpA gained as oil... http://www.biz-day.com/read/stocks/09_feb_06/hq6uv-k/euro_stocks_rebound.htm The Stock Exchange of Thailand (SET) is expected to continue to be bullish with the benchmark index set to reach 800 points as targeted for this year although there remain negative factors, especially political uncertainties, according to a leading brokerage house.'Montri Sornpaisarn, President and CEO of Kim Eng Securities Public Company, said on Tuesday that the SET index is likely to continue to rally since its price/earning (p/e) ratio is still low at nine times, compared with 13-15 times... http://www.biz-day.com/read/stocks/02_feb_06/b6vak-c/set_set_rally_800_points.htm Five brokerage houses are being investigated by the Stock Exchange of Thailand for possible insider trading following the country's historic share sale of Shin Corp Plc to Singapore's Temasek Holdings worth THB73.3 billion, The Nation reported, quoting SET President Kittiratt Na Ranong. 'Prime Minister Thaksin Shinawatra's family sold a combined 49.6 percent stake to two holding units of Temasek at THB49.25 per share. The transaction boosted the SET's total trading value Monday to a record... http://www.biz-day.com/read/stocks/24_jan_06/dak4z-h/probe_targets_five_brokers.htm Thailand's benchmark SET rose for the fourth day in five, closing at its highest level in almost three months. 'Thai Petrochemical Industry Plc led gainers after the country's biggest defaulter prepared to pay $1.49 billion in loans. The SET rose 4.93, or 0.7 percent, to 710.22, its highest close since Oct. 6. 'The SET earlier today gained as much as 1.1 percent. More than two stocks rose for every one that fell. 'Thai Petrochemical rose 0.4 baht, or 5.3 percent. The company was today... http://www.biz-day.com/read/stocks/29_dec_05/crnfb-2/set_rises_9_month_high.htm Thai stocks fell on concern the central bank may raise its key interest rate more than expected tomorrow. 'Advanced Info Service Pcl led other companies dependent on consumer spending lower. The SET Index lost 4.26, or 0.6 percent, to 693.48 at the 4:30 p.m. close in Bangkok, its second decline in three days. 'Four stocks fell for every three that rose. The Bank of Thailand will increase its 14-day bond repurchase rate by 25 basis points to 4 percent tomorrow, according to all 11 economists... http://www.biz-day.com/read/stocks/13_dec_05/iujem-7/set_falls_rate_concern.htm Thai Aromatics Plc said the Securities & Exchange Commission's plan to tighten accounting regulations governing the use of par value reductions to write off retained losses won't affect the company's ability to pay dividends. 'Aromatics used a reduction in par value and registered capital to write off retained losses at the beginning of the year. Under local regulations, companies with retained losses may not pay dividends. 'The SEC is now reportedly planning to also require, beginning with... http://www.biz-day.com/read/stocks/22_nov_05/zarr7-7/aromatics_can_still_pay_dividend_under_new_sec_rules.htm The Stock Exchange of Thailand will temporarily ban net settlement and margin trading in shares of Adkinson Securities Plc and extend the ban for shares and warrants of Eastern Wire Plc, in a bid to stem speculative buying in the stocks, the bourse said in a statement yesterday. 'The trading prohibition on net settlement and margin trading, which are widely popular among retail investors, will run from today to December 30. 'During the period November 11-16 Adkinson surged 34 percent to end... http://www.biz-day.com/read/stocks/17_nov_05/bf97n-x/set_restricts_adkinson_eastern_wire_trade.htm THE Stock Exchange of Thailand (SET) reported yesterday that foreign investors had made a total net selling of Thai stocks in their hands by as much as 26.28 billion baht in October.'The SET said local investors made a total net purchase of 22.08 billion baht in October, of which 4.20 billion baht in net buying was made by institutional investors.'When compared between different industrial groups, the SET added, the SET index of most industrial groups in October went down from a previous... http://www.biz-day.com/read/stocks/31_oct_05/chqcu-5/stock_exchange_reports_october.htm Volatility in global oil prices, concerns over terrorism, ongoing violence in Thailand's Southern border region and signs of rising local interest rates are the major negative factors confronting the Stock Exchange of Thailand (SET) during the last quarter of this year, according to a senior official of the Thai University Chamber of Commerce. 'Thanawat Polvichai, director of the University's Economic and Business Forecast Center, said during a speech that the high price of oil remains a... http://www.biz-day.com/read/stocks/09_oct_05/b4daa-s/not_all_bleak_set.htm FAVOURABLE operating results in the third quarter of this year among the companies listed in the Stock Exchange of Thailand (SET) may bring the SET index up to almost 800 by year-end.'Viriya Lappromrattana, Senior Vice President of Research Department, Kiatnakin Securities, said the SET index is expected to reach the range of 750-800 as the operating results of SET-listed companies are estimated to grow by ten percent. If the market P/E ratio turns to 10, the index could then reach 750 and... http://www.biz-day.com/read/stocks/02_oct_05/cyaq8-v/set_may_hit_800_q4.htm Thailand's key stock index rose to a four-month high, led by PTT Exploration & Production Plc, after its unit announced plans to explore for energy off Cambodia. 'Bangkok Bank Plc, the country's largest lender, gained after it announced it would pay an interim dividend. 'The SET Index rose 5.28, or 0.8 percent, to 695.67 at the 4:30 pm close in Bangkok, its highest since April 12. The benchmark gained for the fifth day in six. 'PTT Exploration, the second-biggest natural gas producer, rose... http://www.biz-day.com/read/stocks/24_aug_05/bgvuq-q/set_jumps_4_month_high.htm For the first seven months of 2005, there were six mutual funds registered with the SEC with total IPO values of 19 billion baht or more, but only 2.3 billion baht (12 percent) in mutual fund stock was bought by investors.'Although One Asset Management's 1VAL-D has a registered value of 1 billion baht, it could only sell 546 million baht of stock, 54.6 percent of the fund's registered value. For Smart Active SET 100 Open End fund with registered value of 5 billion baht could sell only 102... http://www.biz-day.com/read/stocks/01_aug_05/zmiwv-q/money_matters_investors_shun_stock_market_mutual_funds.htm Indonesin share prices closed 0.53 percent lower in thin trade led by the banks on concerns over the prospects for higher interest rates, dealers said. 'The Jakarta Stock Exchange composite index closed down 5.510 points at 1,040.263, on volume of 1.09 billion shares worth 769.46 billion rupiah (81.44 million dollars.) http://www.biz-day.com/read/stocks/18_may_05/bre97-j/jakarta_finishes_down_0_53.htm Malaysian share prices closed 0.56 percent lower due to foreign fund selling of key blue-chip stocks, dealers said. 'They said foreign funds were disappointed that Beijing had not revalued its currency despite widespread speculation over such a move, which was expected to have a knock-on effect and prompt Malaysia to repeg the ringgit. 'With hopes for an imminent Chinese forex move deflated, the funds decided to take some money out of the market. 'Trade otherwise was slow as investors... http://www.biz-day.com/read/stocks/18_may_05/idbmb-n/kl_ends_0_56_lower.htm Chinese share prices eked out another modest gain to close 0.31 percent higher as power generators attracted attention on hopes for higher revenues and metal firms were boosted by bargain-hunting, dealers said. 'They said the thin trade once again reflected the prevailing caution in the market, with gains very technical and speculative after recent sustained losses to fresh six-year lows. http://www.biz-day.com/read/stocks/18_may_05/g8vye-c/shanghai_ekes_out_modest_gain.htm Philippine share prices closed 0.75 percent higher on a technical bounce after a five-day losing streak, dealers said. 'They said trade was light, reflecting caution in the absence of a strong lead as the market has now discounted the largely positive set of corporate results for the first quarter. 'The Philippine Stock Exchange composite index gained 13.88 points to 1,876.47 after trading between 1,876.95 and 1,860.50. Volume amounted to 762 million shares worth 956 million pesos (17.4... http://www.biz-day.com/read/stocks/17_may_05/hp5qz-w/manila_closes_0_75_higher.htm Indonesian share prices closed down 0.29 percent but were off their lows on late interest in Bank Mandiri and Gudang Garam, dealers said. 'The Jakarta Stock Exchange composite index closed down 3.014 points at 1,045.773, off a low of 1,034.974, on volume of 3.01 billion shares worth 6.96 trillion rupiah (705 million dollars.) http://www.biz-day.com/read/stocks/17_may_05/cnjr2-h/jakarta_ends_down_0_29.htm Malaysian share prices closed 0.24 percent higher with institutional funds supporting select blue chip stocks in sluggish trade overall, dealers said. 'They said light bargain hunting in Telekom Malaysia and Tenaga Nasional following overnight gains on Wall Street and a drop in world oil prices supported the market. 'The Kuala Lumpur Composite Index gained 2.12 points at 891.39. Volume was 345 million shares worth 650 million ringgit (171 million dollars) while losers outnumbered gainers 424... http://www.biz-day.com/read/stocks/17_may_05/dxqch-u/kl_closes_0_24_higher.htm Singapore share prices closed 0.51 percent lower after the government cut its 2005 forecast from 3.0-5.0 percent to 2.5-4.5 percent, dealers said. 'The Straits Times Index fell 11.11 points to 2,154.37 on volume of 542 million shares valued at 577 million Singapore dollars (348 million US). Losers led gainers 322 to 125 with 692 stocks unchanged. 'The government reduced its gross domestic product (GDP) growth target for this year after the outcome in the first quarter to March was weaker than... http://www.biz-day.com/read/stocks/17_may_05/zzbqv-d/singapore_closes_0_51_lower.htm Australian share prices closed 0.27 percent lower on expectations of cooling domestic economic activity and as a rising US dollar took the shine off commodity prices, dealers said. 'The pressure on commodity prices is a major concern for the Australian market given the leading role of major miners Rio Tinto and BHP Billiton. 'At the same time, dealers said investors are switching out of equities into interest-bearing deposits as earnings growth starts to slow from the strong levels seen last... http://www.biz-day.com/read/stocks/17_may_05/fxn3a-k/sydney_ends_0_27_lower.htm