SE Asia Stocks - Fall; Indonesia near 2-week low on weak rupiah

Krung Thai Bank PCL

09/03/2015 10:31

BANGKOK, March 9 (Reuters) - Indonesian index hit a near 
two-week closing low on Monday as a depreciating rupiah dented 
company earnings outlooks while Thai banking shares retreated as 
investors cashed in on recent gains ahead of the central bank's 
interest rate decision mid-week. 
    The benchmark Jakarta composite index  .JKSE  ended down 1.3 
percent at 5,444.63 from Friday's record closing high of 
5,514.79. The rupiah  IDR=  lost 0.7 percent to 13,070 per 
dollar, its weakest since August 1998.  ID:nL4N0WB19A  
    For every 1 percent rupiah depreciation against the dollar, 
the market's earnings per share growth will fall by 0.8 percent, 
broker Bahana Securities said in a report. 
    In Bangkok, the SET index  .SETI  finished the day down 0.6 
percent, reversing the gain on Friday. Losers included shares of 
Kasikornbank  KBANK.BK  and Krung Thai Bank  KTB.BK . 
    The Bank of Thailand's Monetary Policy Committes will meet 
on Wednesday to review a policy interest rate. 
    A Reuters poll showed sixteen of 21 economists predict the 
one-day repurchase rate  THCBIR=ECI  will be left at 2.0 
percent, while the other five expect a 25 basis point cut. 
 ID:nL4N0WB2KO  
    Singapore  .FTSTI  ended down 0.4 percent, recouping some 
earlier losses, Malaysia  .KLSE  fell to a near four-week 
closing low, while the Philippines  .PSI  retreated from 
Friday's record closing high and Vietnam  .VNI  fell for a third 
day. 
             
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 .SI   .KL   .BK  
 
SOUTHEAST ASIAN STOCK MARKETS 
 Change on day 
 Market             Current     Prev Close    Pct Move 
 Singapore          3404.57       3417.51       -0.38 
 Kuala Lumpur       1791.74       1806.96       -0.84 
 Bangkok            1559.71       1568.29       -0.55 
 Jakarta            5444.63       5514.79       -1.27 
 Manila             7820.29       7861.33       -0.52 
 Ho Chi Minh         588.44        593.97       -0.93 
  
 Change on year 
 Market             Current       End 2014    Pct Move 
 Singapore          3404.57       3365.15       +1.17 
 Kuala Lumpur       1791.74       1761.25       +1.73 
 Bangkok            1559.71       1497.67       +4.14 
 Jakarta            5444.63       5226.95       +4.16 
 Manila             7820.79       7230.57       +8.16 
 Ho Chi Minh         588.44        545.63       +7.85 
  
 (Reporting by Viparat Jantraprap; Editing by Sunil Nair) 
 ((viparat.jantraprapaweth@thomsonreuters.com)(66 2 648 
9733)(Reuters Messaging: 
viparat.jantraprapaweth.thomsonreuters.com@reuters.net)) 
 
Keywords: MARKETS SOUTHEAST ASIA STOCKS/