SE Asia Stocks-Indonesia jumps on strong economic growth data

* Thailand declines nearly 1 pct

* Manila comes off 2-month low

By Karthika Suresh Namboothiri

Aug 6 (Reuters) - Indonesian shares jumped more than 1.5

percent on Monday after data showed Southeast Asia's largest

economy grew the fastest in 4-1/2 years in April-June, while

Thai stocks dropped for a second session in three.

Indonesia's economy grew 5.27 percent from a year earlier in

the second quarter, helped by robust consumption during the

Muslim fasting month, and beat a Reuters poll projection of 5.16

percent.

The stronger growth was driven by an increase in private

consumption and government expenditure, which boosted purchasing

power, said Leo Putra Rinaldy, an economist at Jakarta-based

Mandiri Sekuritas.

"The (GDP) number will provide some relief for both the

central bank and the government that has been overseeing rate

hikes amid a pressured rupiah and had hiked a cumulative 100bps

since May 2018," OCBC Bank said in a note.

The Jakarta SE Composite Index rose to a two-month

closing high in heavy trade, led by financials and telecoms.

Telekom Indonesia ended 5.5 percent higher, while

Astra International rose 4.2 percent.

Among other Southeast Asian stock markets that gained,

Singapore rose 0.60 percent with financials at the helm.

Oversea-Chinese Banking Corp advanced 2 percent

after the lender beat market expectations with a 16 percent rise

in quarterly profit.

Thai shares gave up early gains to close about 1

percent lower with Indorama Ventures and Bangkok Dusit

Medical Services shedding 5.8 percent and 3.7 percent

respectively.

Philippine shares closed little changed after

declining to a more than two-month low, with losses in

industrials and telecommunications outweighing gains in real

estate stocks.

SM Investments Corp closed 0.7 percent lower, while

Ayala Land rose 3.6 percent.

Local investors now await July inflation data ahead of a

central bank meeting on Thursday.

The annual inflation likely quickened for a seventh straight

month in July due to higher food, fuel and utility costs,

according to a Reuters poll.

Asian shares pared gains as Chinese stocks swung into

negative territory, dragged lower by the escalating Sino-U.S.

trade war.

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SOUTHEAST ASIAN STOCK MARKETS

Change on the day

Market Current Previous close Pct Move

Singapore 3285.34 3265.73 0.60

Bangkok 1696.24 1712.09 -0.93

Manila 7817.31 7819.39 -0.03

Jakarta 6101.131 6007.538 1.56

Kuala Lumpur 1779.75 1780.09 -0.02

Ho Chi Minh 960.23 959.6 0.07

Change on year

Market Current End 2017 Pct Move

Singapore 3285.34 3402.92 -3.46

Bangkok 1696.24 1753.71 -3.28

Manila 7817.31 8558.42 -8.66

Jakarta 6101.131 6355.654 -4.00

Kuala Lumpur 1779.75 1796.81 -0.95

Ho Chi Minh 960.23 984.24 -2.44

(Reporting by Karthika Suresh Namboothiri; Editing by

Subhranshu Sahu)