SE Asian stocks up; Philippine rise 1pc



Southeast Asian stocks were higher on Monday, in line with Asian peers with the Philippine index rising to its highest in 10 months.  


Philippine stocks were up nearly 1.0 per cent at 0341 GMT, led by consumer cyclicals and consumer staples.

Bluechips Ayala Corp and SM Investments Corp were among the biggest gainers.

Thai shares edged up to a near 1-year high, led by telecom and financial stocks.

Siam Commercial Bank was 1.1 per cent higher, while Kasikornbank PCL rose 0.3 per cent.

Singapore's Straits Times Index gained for a third session, led by financials and consumer services.

Malaysia and Indonesia rose, while Vietnam was marginally higher.

Asian shares rose on Monday, with the MSCI's broadest index of Asia-Pacific shares outside Japan rising 0.6 per cent, according to a news agency report.

-SRS-

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