Stocks in south-eastern Asia increased in the end of the week. Manila grew the most.

southeast asia, stocks, stock market, china, Hong Kong

All major Asian stock exchanges, with the exception of Singapore, grew in the end of the week. Main index of Manila’s stock exchange increased in nearly 5%. Similarly, shares in India grew, and added up almost 6%. 

Positive mood on stock exchange in the capital of Philippines was mainly caused by releasing of anti-pandemic measures in Manila. Its shares significantly grew on Friday – in 4,8%. The growth was mainly caused by banking houses and financial institutions in general. Its profits moved between 8-11%. 

Shares in Kuala Lumpur grew in 1%, in the lead with Petronas Gas and Petronas Dagangan, whose stocks value grew in 9,4%, that is 12,6%. Similarly, Bangkok, Jakarta or Ho Chi Minh Stock Exchanges grew. The only market having experienced fall was Singapore Exchange, which lost 0,18%. 

Indian shares recorded success and added up 6% during five trading days. In addition, Nifty 50 index grew in almost a percent on Friday. Positive numbers from Indian GDP, which grew in 3,1% during first quarter of 2020, caused the optimism, even though analysts expected one percent worse results.  


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