Philippines, Indonesia stock hit record highs in results season
The Philippine index climbed 0.7 percent to 7,782.57, above the record close of 7,728.18 set on Feb. 6. Universal Robina Corp jumped 6.2 percent, and was the top performer on the index, after the food and beverage company announced a dividend and a 13 percent rise in earnings.
"Expectations of positive listed company annual income results and untouched key policy rates in coming days fuel the upbeat market performance," said Philippine stock exchange President Hans B. Sicat.
The Philippine central bank is due to meet on Thursday to review its interest rates.
The Jakarta composite index ended up 0.1 percent at a record closing high of 5,348.47. Shares of Bank Mandiri gained 3.1 percent ahead of its 2014 earnings expected later in the week.
Stocks in Singapore, Malaysia and Thailand fell after Friday's gains, amid weaknesses in Asia .
Data on Sunday showed China's trade performance slumped in January.
Among the actively traded, Singapore Airlines fell 2.4 percent after weaker-than-expected quarterly earnings.
In Bangkok, industrial estate developer Rojana Industrial Park gained 3.6 percent, with 40 million shares changing hands, 7.2 times of their monthly average, amid hopes about its plan to develop the Dawei industrial zone in Myanmar.
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