Manila stock mart biggest mover in mixed Asia trade
Manila stock mart biggest mover in mixed Asia trade
HONG KONG (Reuter): The Philippines' composite index was the most active of the Asian share markets on a mixed day of trade yesterday, in contrast to the previous day's flurry of positive activity.
Hong Kong stocks posted minuscule gains while Japan's Nikkei average and the All Ordinaries index in Australia dipped about half a percent.
Following Monday's widespread gains, only the Manila bourse continued the momentum. It surged for its third consecutive session to finish at a five-month high of 2,873.68.
Seoul shares were the next biggest movers, with the composite index closing 8.03 points, or 0.95 percent, higher to finish at 850.83.
Hong Kong stocks, which soared nearly two percent on Monday, erased steep early losses triggered by profit taking to end narrowly mixed.
The blue-chip Hang Send Index inched up 1.89 points, or 0.02 percent, to end at 10,957.22, off a day low of 10,857.23.
In Tokyo, the 225-share Nikkei average finished down 115.61, or 0.57 percent, at 20,080.92, against an intraday low of 20,040.66.
In Sydney, the All Ordinaries closed at 2,246.6, a fall of 14 points, or 0.62 percent.
The Straits Times Industrials Index in Singapore, which closed at a two-year high on Monday, fell on profit-taking to close 15.52 points, or 0.63 percent, down at 2433.
The day's biggest loser was the Bombay Stock Exchange 30-share index which dipped to a provisional close of 2,896.70, down 30.08 points or 1.03 percent.
The SET index in Bangkok ended 0.56 points lower at 1,388.87.
The Jakarta composite index ended up 2.98 points, or 0.52 percent, at 574.30 after touching the day's high of 574.71 points.
The Kuala Lumpur Stock Exchange's Composite Index ended 6.95 points higher at 1071.48.
In London, the Financial Times-Stock Exchange index of 100 leading British shares was down 14.4 at 3,739.8.
The CAC-40 share index in Paris was 17.09 down at 1,937.33.
The 30-share DAX index in Frankfurt was 5.96 down at 2,384.57.