Southeast Asian stock markets closed this Tuesday with generalized gains. It happened even though several countries in the area face the worst outbreaks of coronavirus and have expanded restrictions to contain the pandemic.
The most significant rise took place one more day in the Singapore stock market, while Manila led the losses.
In Singapore, the city-state stock market advanced 24.67 points or 2.04%. Meanwhile, the Straits Times index remained at 3,142.63 units.
In Malaysia, the Kuala Lumpur square gained 0.94 points, and the selective KLCI finished at 1,581.32 units.
The Jakarta stock market gained 0.54 integers, 0.01%, and the JCI index finished with 5,834.40 units.
The Bangkok stock market advanced by 17.64 points, 1.14%, and the SET index settled at 1,566.80 units.
In the Philippines, the Manila Stock Exchange slipped by 38.84 integers, 0.62%, and the PSEi composite index ended at 6,244.74 points.
In Vietnam, the VN Index of the Ho Chi Minh stock (the former Saigon) closed with 1,252.68 units after losing 6.02 integers or 0.48%.
The Tokyo Stock Exchange gains 2% due to confidence in the economic recovery
The Tokyo Stock Exchange ended today with an advance of 2.09% in the Nikkei, its main indicator. It was encouraged by the confidence in the economic recovery as the campaign progresses vaccination in Japan.
The Nikkei ended up 582.01 points to 28,406.84 integers. Meanwhile, the broader Topix index finished with a gain of 28.88 points or 1.54%, up to 1,907.74 integers.
The Tokyo stock market showed a marked upward trend after the opening. After the fall of 0.9% the day before and the losses that predominated last week, the market was encouraged by investors looking for market opportunities.
Investors also seemed to regain confidence thanks to the acceleration of the vaccination rate in Japan. Although the publication of the gross domestic product data from January to March showed a contraction of 1.3% compared to the previous quarter, it did not affect market sentiment.
Among the securities with the highest capitalization, the technology giant Softbank ended the day with a gain of 2.56%. Toyota Motor, the largest Japanese vehicle manufacturer, advanced by 1.97%.
The multinational Fast Retailing, an owner of the clothing store chain Uniqlo, gained 3.29%. Meanwhile, the video game company Nintendo lost 1.4%.
In the first section, 1,818 stocks advanced compared to 322 that slumped and 54 that ended flat.
The sectors that led the gains were insurance, non-ferrous metals, and steel.