The Southeast Asian stock markets ended their sessions this Friday with rises. It resulted from optimism due to the signs of economic recovery in the United States. Besides, there is still caution in the face of the new wave of the COVID-19 in Asia.
Among the Asian stock exchanges that ended the day with gains, the Bangkok Stock Exchange was the exception was. It ended up in the red.
The city-state square increased by 13.68 points, 0.43 percent, and the Straits Times composite indicator stood at 3,178.50 units.
In Malaysia, the Kuala Lumpur Stock Exchange increased by 0.54 points or 0.03 percent, and the selective KLCI ended at 1,594.44 units.
The Jakarta parquet added 6.79 integers, 0.12 percent, and the JCI index finished with 5,848.62 units.
In Thailand, the Bangkok stock market lost 0.98 points or 0.06 percent, and the SET index settled at 1,581.98 units.
The Manila Stock Exchange advanced by 9.37 integers, 0.14 percent, and the PSEi composite index ended at 6,674.51 points.
In Vietnam, the VN Index of Ho Chi Minh closed at 1,320.46 units after gaining 16.89 integers or 1.30 percent.
The financial boom prevents the Hang Seng from closing negative
The Hang Seng closed today almost flat with an increase of 0.04%.
The selective added 11.21 points to 29,124.41. At the same time, the Hang Seng China Enterprises declined by 0.51%. Trade and Industry was the only one that lost today by 1.23%. Meanwhile, Services surged by 0.56%, Real Estate gained 0.85%) and Finance added 1.34%. In the latter sector, only the stumble of HKEX withdrew the gains. The biggest winners were HSBC which increased by 3.78%, and Hang Seng Bank, with a growth of 2.86%.
In real estate, CK Asset stood out with a surge of 6.02%. It completed a share buyback plan valued at about 19.38 billion Hong Kong dollars.
On the other hand, the digital giants Tencent dropped by 0.66%. Meituan lost 2.43%, and Alibaba yielded 0.67%). As for other less important technology titles such as Wuxi Biologics, it sank by 5.03%.
However, the worst stop of the session was the popular restaurant chain Haidilao, which dived by 6.89%.
Among Chinese state stocks, it has been a good session for oil companies such as Sinopec, which added 1.2%. However, the day has not been so good for telephone operators such as China Mobile. It lost 1.1%.
The business volume of the session was 172,740 million Hong Kong dollars (22,260 million US dollars).