08 Mar '13, 1pm

SE Asia stocks stronger; Philippines, Indonesia at new peak: SINGAPORE, March 8 — Southeast Asian stock market...

SE Asia stocks stronger; Philippines, Indonesia at new peak March 08, 2013 SINGAPORE, March 8 — Southeast Asian stock markets ended firmer today, taking cues from Asian peers, as gains in US stocks and forecast-beating Chinese exports data boosted investor sentiment for the region’s risky assets. The Philippines, the region’s best performer this year, hit a record high of 6,859.79 before ending at 6,833.77, making a gain of 1.62 per cent. The Philippines’ second most valuable listed firm and conglomerate SM Investments Corp, which posted a 16.3 per cent increase in full-year 2012 net profit, rose 4.7 per cent, driving the overall index gain. Indonesia gained 0.5 per cent to 4,874.50, marking a record close for a third straight session, led by a 1.2 per cent gain in Astra International Tbk PT. Thailand closed 0.4 per cent firmer at an 18-year high of 1,566.92, pushed up by ...

Full article: http://www.themalaysianinsider.com/business/article/se-as...

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