Manila at 11-month high; Jakarta edges up amid political uncertainty
Published on May 13, 2014 8:07 PM
(Reuters) - Philippine shares closed at their highest in 11 months on Tuesday, while Indonesia rose slightly amid political and economic uncertainty ahead of the presidential polls.
Half of the South-east Asian markets were closed for a holiday.
The Philippine index rose 0.6 per cent to its highest close since June 10, 2013, while the Jakarta Composite Index edged up 0.2 per cent after touching its highest intraday level since June 7.
Investors were cautious ahead of the Indonesian presidential polls scheduled on July 9, said John Teja, director of Jakarta-based broker Ciptadana Securities.
To continue reading, log in if you are a subscriber
Enjoy 2 weeks of unlimited digital access to The Straits Times. Get your free access now!