SE Asian stocks end strong 2004 with small gains
Reuters, Singapore
Shares in Singapore and Malaysia wrapped up a strong year yesterday by scoring minor gains, their upside limited by year-end position squaring and concerns about the tsunami's economic impact on Southeast Asia.Singapore's Strait Times Index finished a half-day trading session up 0.22 per cent at 2,066.14, taking its gain for the year to 17 per cent. Malaysia was up 0.05 per cent at 910.61, putting it on track for a 14.7 per cent rise when it closes later in the day. Indonesia, Asia's top performing market this year, as well as the Philippines and Thailand, the region's second-biggest loser, were closed for the new year holiday. Markets in the region will reopen on Monday, but only on Tuesday in Thailand. The top gainers in Singapore were land transport firm ComfortDelgro, up 3.3 per cent, and cellular firm MobileOne, up 1.1 per cent -- both among the highest yielding stocks in the market.
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