SE Asia Stocks-Down on oil prices, renewed Europe worries

* Manila touches record high, then falls
    * Banks lead declines in Jakarta, Kuala Lumpur
    * Singapore at lowest close since Feb. 10
    * Foreign buying seen in Malaysia; outflow in Jakarta

    By Shihar Aneez	
    Feb 23 (Reuters) - Southeast Asian stock markets fell
on Thursday on fears over rising oil prices and a possible
recession in the euro zone with lingering concerns over Greek
sovereign debt crisis still undermining the appetite for risky
assets. 	
    The region's markets, following others in Asia, fell for a
second day, with MSCI's broadest index of Asia Pacific shares
outside Japan down 0.5 percent down and the MSCI
index for Southeast Asia 0.3 percent weaker at
0852 GMT. 	
    "I think the question of 'what's next' is bothering
investors than anything else at the moment," said Song Seng Wun,
Singapore-based regional economist for CIMB-GK Research.	
    "The rising oil prices have been a concern, which creates
worry about if energy commodity costs may add to the worries
about slower growth," he said.	
    Analysts said positive reaction for the $130 billion second
Greek bailout package has evaporated on doubts if it could
really help to fix the shattered economy. 	
    Economic data from Europe showed the region's services and
manufacturing sectors are shrinking, which could result in a
recession in the bloc, while oil price jump due to the Iranian
nuclear row have dampened the investor apatite for risky assets.
    	
    	
	
    Singapore fell 0.9 percent for its lowest close
since Feb. 10. Indonesia also lost 0.9 percent, to a
one-week low, and had a $13.4 million foreign outflow. 	
    The Philippines hit a fresh record high of 4,997.04
in early trade, topping a peak of 4,966.94 reached on Monday,
but then retreated on profit-taking. It slipped 0.8 percent for
the day. 	
    Malaysia ended 0.3 percent down, but foreign
investors bought a net $35 million of shares, data from the
country's bourse showed. 	
    Bucking the trend, Thailand recouped its early
losses to end 0.2 percent firmer, while Vietnam closed
1.3 percent higher. 	
    	
    DISAPPOINTING EARNINGS 	
    In Singapore, disappointing earnings also hit the sentiment
after Singapore's Neptune Orient Lines Ltd, the
world's sixth largest container shipping firm, reported a
larger-than-expected fourth quarter loss due to high fuel costs
and lower freight rates. 	
    "Investors are getting more jittery, as we saw several
corporate earnings from large blue chips that were quite
disappointing," said Andrew Chow, head of research at UOB Kay
Hian, citing results from palm oil firm Wilmar International Ltd
 on Wednesday and Neptune Orient. 	
    Neptune closed 5.6 percent weaker after plummeting 11.2
percent in early trade, while Wilmar ended 1.2 percent down.	
    Analysts said the market will consolidate at a lower level
said due to profit taking and concerns over the healthy recovery
of the global economy. 	
    Financials pulled down Jakarta and Kuala Lumpur, led by a
2.3 percent fall in Indonesia's largest lender Bank Mandiri
 and 1.1 percent loss for Malaysia's CIMB Group
. 	
    Late buying in banks helped Bangkok erase early losses with
Thailand's fourth-largest lender Kasikornbank and 
leader Bangkok Bank Pcl gaining 1.8 percent and 1.4
percent respectively. 	
    Shares in Thailand's top coal miner, Banpu Pcl,
fell 1.5 percent after it reported a 28 percent decline in
quarterly profit. 	
         	
SOUTHEAST ASIAN STOCK MARKETS	
 Change on day
 Market             Current     Prev Close    Pct Move
 Singapore          2968.34       2995.59       -0.91
 Kuala Lumpur       1556.66       1560.52       -0.25
 Bangkok            1140.07       1138.50       +0.20
 Jakarta            3958.81       3995.02       -0.91
 Manila             4893.48       4934.29       -0.83
 Ho Chi Minh         423.89        418.41       +1.31
 	
 Change on year
 Market             Current     End prev yr    Pct Move
 Singapore          2968.34       2646.35      +12.17
 Kuala Lumpur       1556.66       1530.73       +1.69
 Bangkok            1140.07       1025.32      +11.19
 Jakarta            3958.81       3821.99       +3.58
 Manila             4893.48       4371.96      +11.93
 Ho Chi Minh         423.89        351.55      +20.58
 	
 Stock Market Volume (shares)
 Market          Current Volume    Average Volume 30 days
 Singapore         601,105,000          413,631,280       
 
 Kuala Lumpur      174,455,700          133,431,147       
 
 Bangkok             4,685,222            
 4,379,957       
 Jakarta         3,038,917,500        3,432,051,400    
 Manila                127,864              131,320    
 Ho Chi Minh            67,368               41,350
 	
 (Additional reporting Singapore bureau; Editing by Richard
Borsuk)