Indonesian and Philippine stocks rose on Wednesday, snapping three sessions of losses, while Singapore pared early gains to close marginally lower. Energy shares, boosted by an overnight rally in oil prices, led gains in three of the six markets in Southeast Asia. Indonesian stocks closed 2.1% higher, posting their biggest intraday percentage gain since Sept 15, led by energy and utility shares. Indonesian oil and gas producer PT Medco Energi Internasional Tbk, ended 4% higher and was among the top gainers in the energy sector. Philippine stocks closed 1.6% higher, led by financials, with SM Prime Holdings Inc gaining 3.9%.

Source: Bangkok Post November 16, 2016 11:48 UTC