SE Asia Stocks-Most indexes higher on Chinese data; Bangkok, Manila strong on week

Reuters

BANGKOK, Oct 18 (Reuters) - Most Southeast Asian stocks

edged higher on Friday, poised for modest gains on the week, as

investors piled into regional large caps after strong quarterly

results, with solid Chinese data supporting sentiment across

Asian stock markets.

Singapore-listed Keppel Corp, the builder of

offshore oil rigs, rose about 1 percent after it posted a 32

percent rise in third-quarter net profit.

The key Straits Times Index edged up 0.3 percent,

on track for a weekly gain of 0.6 percent, building on a 1.3

percent rise on the previous week.

Stocks in Thailand and the Philippines outperformed, with

Thai SET index gaining 0.9 percent at midday and the

Philippine main index adding 0.6 percent, both climbing

around 1.7 percent week to date.

Shares in Bangkok Bank jumped 2.5 percent after

Thailand's largest lender by assets reported a 21 percent rise

in quarterly net profit, beating estimates.

Philippine conglomerate San Miguel Corp were the

top percentage gainer on the Philippine benchmark index, up 5.2

percent, after a report that the conglomerate is set to

distribute shares in its controlling shareholder Top Frontier

Investment Holdings Inc.

Indonesia was among weak spot, with Jakarta's composite

index drifting slightly into negative territory, led by

losses in the biggest firm Astra International due to

weak outlook of auto sales next year.

Shares in coal miners, including Adaro Energy and

Harum Energy, bucked the trend, with brokers citing a

report involving stricter regulation on Chinese coal mines that

could contract world coal supply.

"It appears that sentiment wise, this news has provided some

positive share price boost towards the Indonesian listed coal

companies," broker Bahana Securities said in a report.

The benchmark Indonesian index is set to end the week 0.2

percent lower.

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SOUTHEAST ASIAN STOCK MARKETS

Change at 0602 GMT

Market Current Prev Close Pct Move

TR SE Asia Index* 422.91 420.69 +0.53

Singapore 3197.60 3186.62 +0.34

Kuala Lumpur 1797.32 1797.42 -0.01

Bangkok 1482.17 1469.09 +0.89

Jakarta 4513.13 4518.93 -0.13

Manila 6601.11 6560.88 +0.61

Ho Chi Minh 500.21 499.59 +0.12

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