SE Asia Stocks-Gain on oil price rally; Indonesia up for 3rd session

By Suhail Hassan Bhat

Sept 29 (Reuters) - Southeast Asian stock markets advanced

on Thursday, tracking Asian shares, with Indonesia posting a

third straight session of gains, as a rally in oil prices

boosted energy stocks across the region.

Oil futures extended gains after rising nearly 6 percent on

Wednesday, as OPEC members agreed to limit production to a range

of 32.5 million barrels to 33 million barrels per day during

talks held on the sidelines of an energy conference.

"It remains to be seen whether such a cut is followed by all

members and whether Russia would follow with a cut of its own,"

Trimegah Securities said in a note.

"But it would still serve as a positive sentiment, at least

for the short-term."

Indonesian shares ended up 0.12 percent, after

hitting a near two-month high earlier in the day, with United

Tractors Tbk PT and Adaro Energy Tbk PT

being among the top performers.

Indonesia's central bank is intervening in money markets to

provide liquidity after many banking clients withdrew money to

pay for tax amnesty fees, the central bank governor Agus

Martowardojo said.

Vietnam shares hit an eight-and-a-half-year high,

recording its longest winning streak of nine sessions since

March 2014. Index heavyweight Petrovietnam Gas Joint Stock Corp

rose 4.57 percent in heavy trading.

Philippine shares led the region, and posted their

second straight session of gains, with oil conglomerate Petron

Corp climbing 3.9 percent.

Singapore shares edged up to post a three-week high.

While the benchmark oil and gas index rose nearly

4 percent, Sembcorp Industries Ltd and Keppel Corp Ltd

were the top gainers on the index.

Malaysian shares climbed 0.28 percent with the

country's biggest oil and gas services company SapuraKencana

Petroleum pulling up the index, while Thailand

snapped four sessions of losses.

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

was up 0.7 percent.

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SOUTHEAST ASIAN STOCK MARKETS

STOCK MARKETS

Change on day

Market Current Previous Pct Move

Close

Singapore 2885.71 2858.01 0.97

Bangkok 1491.43 1479.58 0.80

Manila 7714.86 7586.96 1.69

Jakarta 5431.957 5425.337 0.12

Kuala Lumpur 1669.64 1664.96 0.28

Ho Chi Minh 688.55 686.72 0.27

Change so far

this year

Market Current End 2015 Pct Move

Singapore 2885.71 2882.73 0.10

Bangkok 1491.43 1288.02 15.79

Manila 7714.86 6952.08 10.97

Jakarta 5431.957 4593.008 18.27

Kuala Lumpur 1669.64 1692.51 -1.35

Ho Chi Minh 688.55 579.03 18.91

(Reporting by Suhail Bhat; Editing by Sherry Jacob-Phillips)