REPUBLIKA.CO.ID, SINGAPORE - Southeast Asian stock markets rose on Thursday as investors took positions in emerging markets on expectations of strong corporate earnings, boosting Thai shares to their highest since November, while Indonesia ended at more than a week high.
Bangkok's SET index closed up 0.5 percent at 1,408.78. Shares of Kasikornbank led the gainers on expectations of strong results for the January-March quarter.
Jakarta's Composite Index gained 0.5 percent to 4,897.05, its highest close since April 9. Bank Central Asia rose 1.4 percent after broker Trimegah Securities said in a report on Thursday that the lender was likely to post strong quarterly earnings.
Foreign investors net bought Thai shares worth 1.73 billion baht (53.6 million USD), while for Indonesia it was 672.8 billion rupiah (59 million USD). Indonesia and Singapore will be reopening on Monday.
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