SE Asia Stocks-Indonesia leads regional loss

Reuters

BANGKOK, Sept 24 (Reuters) - Most Southeast Asian stocks

edged lower on Tuesday, with the Indonesian benchmark falling

more than 1 percent and the Philippine index reversing some

gains from the previous session, wary over the outlook for

monetary policy in the United States and Europe.

Jakarta's Composite Index was an underperformer. It

slipped at one point to 4,481, the lowest in almost one week, as

a fall in the rupiah added to the weak market

sentiment.

Selling was broad-based in the large caps, with shares in

Astra International, the biggest firm by market value,

falling 3.7 percent. Coal miners such as Harum Energy

fell due to a weak outlook for the sector.

The Philippine main index was down 0.4 percent,

trimming some of Monday's 0.8 percent gain. It was still up 11

percent on the year, the second-best performer in Southeast Asia

after Vietnam which was up 16.7 percent.

Shares in the Alliance Global Group, the most

actively traded on the Philippine exchange, were down 1.1

percent after a 1.7 percent gain on Monday.

Trading activity also flagged across the region. In Kuala

Lumpur, the key index edged down 0.4 percent as shares

in lender Malayan Banking, the most actively traded,

slid 2.7 percent after four sessions of gains.

Bucking the trend, Thai SET index was up 0.3

percent, recouping some of Monday's 3.4 percent loss. Vietnam

gained 0.7 percent, extending Monday's 0.4 percent rise.

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SOUTHEAST ASIAN STOCK MARKETS

Change at 0656 GMT

Market Current Prev Close Pct Move

TR SE Asia Index* 414.45 416.00 -0.37

Singapore 3212.07 3214.25 -0.07

Kuala Lumpur 1789.15 1796.36 -0.40

Bangkok 1441.10 1436.68 +0.31

Jakarta 4498.21 4562.86 -1.42

Manila 6451.42 6477.94 -0.41

Ho Chi Minh 482.44 479.09 +0.70

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