Stocks in the Philippines, Thailand and Indonesia, the best performers worldwide during the past five years, are leading losses in emerging markets this month as foreign outflows approach a record on signs of slowing growth.
Shrs fall 9%, biggest decliner in MSCI Emerging Markets Index; vol. 162% of 3-mo. daily avg. * Shrs -21% this wk, set for steepest weekly decline since Aug. 2012 * Shrs fall on concerns about its debt and uncertainties on the separation from Bumi Plc, John Teja, a director at Ciptadana Securities, says by phone today * NOTE: Units Bumi Capital and Bumi Investment seek consents and waivers from bondholders, saying if consent is not granted “high probability of imminent default”, cos. say in statement Nov. 26; link to story: NSN MWV6886TTDS0 <GO> * NOTE: Credit Suisse Securities Indonesia is biggest net seller of co.’s shrs today, with net vol. of 21.8m or net value of 6.9b rupiah, according to data compiled by Bloomberg