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SE Asia Stocks-Down; Thailand gains on cbank economy view

By Christina Martin

Feb 8 (Reuters) - Most Southeast Asian markets ended lower

on Wednesday following an overnight plunge in oil prices, while

Thai shares gained after the central bank kept interest rate

unchanged, but said the economy would recover at a faster pace.

MSCI's broadest index of Asia-Pacific shares outside Japan

was up 0.1 percent in late trade, after spending

most of the session in the negative territory.

"The yen recovered and bounced back while crude oil

continued to weaken and regional equities took their cue from

those two," said Manny Cruz, chief strategist at Asiasec

Equities Inc.

The Thai index gained 0.4 percent to close at its

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highest since Jan 30, after the Bank of Thailand left interest

rate unchanged near record lows, saying the economy would

recover at a faster pace despite facing uncertainties.

The bank's monetary policy committee said the current rate

was accommodative for economic growth, but warned of a strong

baht.

All sectors gained except energy.

Philippine shares declined for a second straight

session, down 0.4 percent, hurt by real estate, telecom and

consumer staple stocks.

Universal Robina and Ayala Land lost 2

percent and 1.7 percent.

Telecommunications service provider PLDT Inc was

the worst performer on the index, slipping as much as 3.3

percent, its biggest percentage loss in nearly four weeks.

Indonesian shares fell 0.4 percent with financial

and consumer discretionary leading the losses.

Bank Mandiri (Persero) shed as much as 2 percent,

its biggest intraday loss in five weeks while media business

Elang Mahkota Teknologi lost 6.6 percent to hit its

lowest in three weeks.

Singapore shares pared earlier losses to end 0.2

percent down, dragged by telecom, real estate and industrial

stocks.

Singapore Telecommunications and Keppel Corp

, among the biggest losers on the index, declined 0.8

percent and 1.3 percent, respectively.

Vietnam remained flat through most of the day.

Malayasia was little changed after government data

showed its exports beat forecast and grew for a second

consecutive month in December on strong demand for electrical

and electronic goods, and commodities.

For Asian Companies click;

SOUTHEAST ASIAN STOCK MARKETS

Change on day

Market Current Previous Close Pct Move

Singapore 3066.53 3071.64 -0.17

Bangkok 1589.29 1582.52 0.43

Manila 7234.82 7262.64 -0.38

Jakarta 5361.088 5381.475 -0.38

Kuala Lumpur 1688.5 1688.84 -0.02

Ho Chi Minh 702.04 701.91 0.02

Change this year

Market Current End 2016 Pct Move

Singapore 3066.53 2880.76 6.45

Bangkok 1589.29 1542.94 3.00

Manila 7234.82 6840.64 5.76

Jakarta 5361.088 5296.711 1.22

Kuala Lumpur 1688.5 1641.73 2.85

Ho Chi Minh 702.04 664.87 5.59

(Reporting by Christina Martin; Editing by Vyas Mohan)