SE Asia Stocks-Up on optimism; Indonesia, Singapore retreat

Reuters

Sept 11 (Reuters) - Most Southeast Asian stocks made modest

gains on Wednesday led by the Philippines on continued optimism

over an improving global economy, but Indonesia and Singapore

retreated after strong gains in the previous three sessions.

The region's markets have mostly gained this week on

improving global economic outlook due to China's

stronger-than-expected industrial output data following upbeat

exports numbers, and receding fears of a U.S. military strike on

Syria.

Hopes that the U.S. central bank would delay, or be less

aggressive in, tapering its monthly bond purchases after

disappointing U.S. job data also helped boost sentiment.

Manila's main stock index, which had gained in the

previous three straight sessions, jumped 2.1 percent to hit a

near four-week high, while Thailand's stock index rose

for a fifth straight session, adding 1.3 percent, to hit a near

four-week high.

Jakarta's Composite Index, which jumped 7.6 percent

in the previous three sessions, eased 0.2 percent from its

previous session's three-week high and analysts attributed the

fall to corporate earnings downgrade, foreign outflows exerting

pressure on the currency and interest rates.

Singapore's Straits Times index also lost 0.5

percent from its near three-week high, weighed by a more than 4

percent decline in both Jardine Matheson Holdings Ltd

and Jardine Strategic Holdings Ltd.

Malaysia, which attracted $62.07 million of foreign

inflows into stocks on Wednesday, gained 0.2 percent, while

Vietnam's main stock index added 0.4 percent.

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SOUTHEAST ASIAN STOCK MARKETS

Change on day

Market Current Prev Close Pct Move

TR SE Asia Index* 398.97 396.27 +0.68

Singapore 3108.19 3123.89 -0.50

Kuala Lumpur 1768.48 1764.95 +0.20

Bangkok 1411.18 1393.17 +1.29

Jakarta 4349.42 4358.14 -0.20

Manila 6214.90 6089.72 +2.06

Ho Chi Minh 476.40 474.53 +0.39

Change on year

Market Current End prev yr Pct Move

TR SE Asia Index* 398.97 424.10 -5.93

Singapore 3108.19 3167.08 -1.86

Kuala Lumpur 1768.48 1688.95 +4.71

Bangkok 1411.18 1391.93 +1.39

Jakarta 4349.42 4316.69 +0.76

Manila 6214.90 5812.73 +6.92

Ho Chi Minh 476.40 413.73 +15.15

* The Thomson Reuters South East Asia Index is a

highly representative indicator of stocks listed in Indonesia,

Malaysia, the Philippines, Singapore, Thailand and Vietnam.

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