Most of the Southeast Asian stock markets closed with a rise

The Southeast Asian stock markets closed the session on Wednesday with mixed results with the majority of increases, except for Singapore and Bangkok.

The Philippine stock market was the one that rose the most strongly, over 3%, while the steepest fall occurred in Singapore.

In Singapore, the city-state stock market dropped by 26.19 points or 0.82%, and the Straits Times composite indicator remained at 3,161.04 units.

In Malaysia, the Kuala Lumpur Stock Exchange surged by 12.04 points, 0.76%, and the selective KLCI ended at 1,597.94. 

In Thailand, the Bangkok stock market decreased by 1.04 points or 0.06 percent, and the SET index was left with 1,617.55 units.

In the Philippines, the Manila Stock Exchange gained 214.26 integers, 3.23%. The PSEi composite index ended at 6,841.69 points.

In Vietnam, the VN Index of the Ho Chi Minh stock closed with 1,340.78 units after gaining three integers or 0.22%. 

Financials made the Hang Seng lose 0.58%

The Hang Seng closed today with losses of 0.58%, marked by the poor session of financial securities.

The selective lost 170.38 points to settle at 29,297.62. Meanwhile, the Hang Seng China Enterprises declined by 0.35%.

The losses of Finance (0.82%) and Commerce and Industry (0.52%) weighed more than the slight advances of Real Estate and Services, both of 0.02%.

Among the financial stocks, the losses of the banking companies HSBC (1.21%) and ICBC (0.59%), as well as the insurance company AIA (1.25%), stood out.

In real estate, CK Asset rebounded by 2% after a stormy session yesterday. Meanwhile, Wharf REIC finished the day negatively with a drop of 2.39%.

Among the digital leaders of the trading floor, Meituan ended its good streak and today dropped 0.38%. Alibaba followed the trend and lost 1.74%, but Tencent gained 0.08%.

The Chinese state oil companies maintained their upward trend with essential gains.

The business volume of the session was 150,230 million Hong Kong dollars.