Southeast Asian stocks rise, Singapore shares jumps

| Updated: October 31, 2017 11:36:47

File Photo (Collected) File Photo (Collected)

Southeast Asian markets rose on Monday, Singapore shares came off 29-month highs to trade lower as investors booked profits after three straight sessions of gains.

Singapore's FTSE Straits Times Index hit its highest since May 2015 before retreating, with financials and industrials being the biggest drags.

The index has risen 4.9 per cent so far this month, in what could be its biggest monthly gain in nine.

United Overseas Bank Ltd fell as much as 1.2 per cent, while DBS Group Holdings Ltd declined up to 1.0 per cent.

Among Southeast Asian markets that gained, Philippine shares climbed as much as 0.7 per cent and were headed for a second straight winning session.

The Philippine Stock Exchange PSEI Index has gained 2.1 per cent so far this month, heading for a second straight monthly gain.

Indonesian shares rose as much as 0.6 per cent, boosted by energy and consumer staples stocks.

Perusahaan Gas Negara jumped nearly 12 per cent to its highest since Sept. 8, while United Tractors rose as much as 4.0 per cent.

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