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SE Asia Stocks-Singapore index snaps gains after stock trading link denial

Reuters

BANGKOK, April 16 (Reuters) - Southeast Asian stock markets

mostly rose on Thursday as a rally in global oil prices lifted

energy-related shares but the Singapore benchmark snapped a

four-day winning streak after the bourse's operator denied a

possible stock trading link with China.

Singapore's Straits Times Index closed down 0.2

percent after Wednesday's fourth straight rise to 3,539.95, the

highest level since December 2007.

Singapore Exchange shares fell 2.5 percent, from

S$8.67, the highest level in more than four years hit in the

previous session after it said it was not in the process of

establishing a trading link with the Chinese stock market.

Speculation about the link had helped boost Singapore

Exchange shares and Singapore-listed Chinese stocks.

Thai shares outperformed the region, with the benchmark SET

index closing the day up 1.4 percent, led by index

heavyweight energy shares. The biggest energy firm PTT

surged 6.3 percent, the best single-day gain since December.

Oil rose more than 3 percent on Thursday, pushing Brent

crude to a 2015 high above $63 per barrel on increasing evidence

that U.S. production is peaking, balancing a market that has

been in heavy oversupply for more than a year.

The Thai bourse said it brought in a net foreign inflow

worth 3.9 billion baht ($120.37 million) on the day while fund

flows to others in the region were mixed.

Indonesia reported net foreign selling worth 160.5 billion

rupiah ($12.49 million), while Philippine posted net foreign

selling of 1.89 billion pesos ($42.54 million). Foreign

investors were net buyers of 172.4 million ringgit ($47.18

million) worth stocks in Malaysia.

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SOUTHEAST ASIAN STOCK MARKETS

Change on day

Market Current Prev Close Pct Move

Singapore 3531.61 3539.95 -0.24

Kuala Lumpur 1847.94 1840.13 +0.42

Bangkok 1570.00 1547.83 +1.43

Jakarta 5420.73 5414.55 +0.11

Manila 7948.20 7906.46 +0.53

Ho Chi Minh 568.28 564.50 +0.67

Change on year

Market Current End 2014 Pct Move

Singapore 3531.61 3365.15 +4.95

Kuala Lumpur 1847.94 1761.25 +4.92

Bangkok 1570.00 1497.67 +4.83

Jakarta 5420.73 5226.95 +3.71

Manila 7948.20 7230.57 +9.92

Ho Chi Minh 568.28 545.63 +4.15

($1 = 32.4000 baht)

($1 = 12,852.0000 rupiah)

($1 = 44.4300 Philippine pesos)

($1 = 3.6540 ringgit)

(Reporting by Viparat Jantraprap; Editing by Biju Dwarakanath)