U.S. Markets closed

SE Asia Stocks-Indonesia jumps to near 14-month high as Jokowi set for re-election

* Malaysia extends losses to more than 3-yr low

* Telecom, industrial stocks weigh on Thailand

By Niyati Shetty

April 18 (Reuters) - Indonesian stocks jumped to a near

14-month high on Thursday after early elections results

indicated incumbent President Joko Widodo is likely to be

re-elected for a second term, while Malaysia extended losses to

a more than three-year low.

The quick counts showed Widodo winning the popular vote in

the world's third largest democracy with about 54 percent,

giving him a lead of around eight percentage points over former

general Prabowo Subianto.

"A second Jokowi (Widodo) term is welcome by markets on

policy continuity and modest reforms for Indonesia ahead,"

Mizuho Bank said in a note to clients.

Government insiders said he was poised for a splurge of

reform, with sagging foreign investment, the troubled education

system and restrictive labour rules on the list of areas he

might tackle.

Morgan Stanley said in a note on Wednesday that it was time

to brush aside tail risk concerns and buy Indonesian equities,

citing "falling policy rates, the return of private sector

confidence, and optionality around reform."

The key Jakarta stock index advanced as much as 2.4

percent to its highest since February 2018, before paring gains.

Onshore markets were closed on Wednesday for the elections.

Lenders Bank Central Asia Tbk PT and Bank Mandiri

(Persero) Tbk PT climbed up to 5.6 percent and 6.6

percent, respectively.

Meanwhile, Malaysian equities retreated for a third

straight session after FTSE Russel flagged http://bit.ly/2XnuHRW

on Monday that it could drop the country from a key global bond

index at the end of a review in September.

Removal from the index, which helps with exposure to wider

global investors, increases the risk of foreign fund outflows.

Elsewhere, Thai stocks lost as much as 0.3 percent,

weighed down by the telecom and industrial sectors.

Advanced Info Service PCL slipped 1 percent,

while Airports of Thailand PCL declined 0.7 percent.

The Philippine stock market is closed on Thursday and

Friday for holidays.

For Asian Companies click;


Market Current Previous close Pct Move

Singapore 3349.08 3348.64 0.01

Bangkok 1670.99 1673.2 -0.13

Jakarta 6526.285 6481.541 0.69

Kuala Lumpur 1612.74 1620.9 -0.50

Ho Chi Minh 972.74 972.1 0.07

Change so far in 2019

Market Current End 2018 Pct Move

Singapore 3349.08 3068.76 9.13

Bangkok 1670.99 1563.88 6.85

Jakarta 6526.285 6,194.50 5.36

Kuala Lumpur 1612.74 1690.58 -4.60

Ho Chi Minh 972.74 892.54 8.99

(Reporting by Niyati Shetty in Bengaluru; Editing by Subhranshu