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SE Asia Stocks-Most slip; Indonesia falls most as consumer staples drag

* Unilever biggest drag in Indonesia

* Ayala Land biggest boost to Philippine index on listing


By Ambar Warrick

April 25 (Reuters) - Indonesian shares hit a near

1-1/2-month closing low on Thursday due to a fall in consumer

staples counters, as most Southeast Asian stock markets ended

down, while Philippines rose on last-minute gains in real-estate


Asian shares slipped as a surprise deterioration in German

and South Korean economic data rekindled fears of slowing global

growth. The selling extended into regional equities as well.

The Jakarta stock index dropped 1.2 percent and was

the largest loser in the region, following a decline in consumer

staple stocks as heavyweight Unilever Indonesia

plunged 4.6 percent.

Brokerage Maybank Kim Eng said in a note that the company's

first-quarter net profit fell below expectations.

A decline in Unilever's results points to a weaker

environment for local consumer staples, which are the second

largest sector on the Jakarta index.

Unilever was the largest drag on the index, followed by

consumer oriented Astra International and Charoen

Pokphand Indonesia.

An index of the country's 45 most volatile stocks

ended about 1.5 percent lower, implying high volatility over the


Indonesia's central bank held its benchmark interest rate,

as widely expected.

Singapore shares ended around 0.4 percent lower on

profit taking, after the index ended at a more than 10-month

high on Wednesday.

For the day, lender DBS Group shed 0.4 percent,

while Singapore Technologies Engineering closed 0.3

percent down.

Philippine's benchmark, however, ended 0.6 percent

higher on last minute gains in real estate stocks, with property

developer Ayala Land rising about 3 percent.

Charlene Ericka Reyes, officer-in-charge of trading and

research at The First Resources Management and Securities Corp

said that buyers had entered near the end of the session, and

that real estate stocks, namely Ayala and SM Prime, saw net

foreign inflows on their future growth plans.

Ayala, which is the third largest stock on the index, ended

at a record high on extended gains after it flagged plans to

list the country's first real estate investment trust for about

$500 million.

Other real estate majors also saw buying, with SM Prime

and Robinsons Land Corp closing up about 2

percent and 2.7 percent, respectively.

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Change on the day

Market Current Previous close Pct Move

Singapore 3350.28 3362.43 -0.36

Bangkok 1673.32 1673.43 -0.01

Manila 7894.45 7846.99 0.60

Jakarta 6372.787 6447.885 -1.16

Kuala Lumpur 1635.68 1638.01 -0.14

Ho Chi Minh 974.13 976.92 -0.29

Change on year

Market Current End 2018 Pct Move

Singapore 3350.28 3068.76 9.17

Bangkok 1673.32 1563.88 7.00

Manila 7894.45 7466.02 5.74

Jakarta 6372.787 6194.498 2.88

Kuala Lumpur 1635.68 1690.58 -3.25

Ho Chi Minh 974.13 892.54 9.14

(Reporting by Ambar Warrick in Bengaluru; Editing by Rashmi