SE Asia Stocks-Indonesia jumps on Asia rally; Thai shares lag

BANGKOK, Jan 29 (Reuters) - Indonesian shares jumped almost

2 percent while Malaysia and the Philippines also eked out gains

on Wednesday as Turkey's huge increase in interest rates

bolstered sentiment across Asia but Thai stocks retreated, wary

of risks ahead of Sunday's poll.

Jakarta's Composite Index finished at 4,417.35 as

foreign investors returned to the battered market and large caps

such as Bank Mandiri and Telkom Indonesia

recouped some of their recent losses.

The Indonesian bourse recorded net foreign buying of 245

billion rupiah ($20.10 million) on Wednesday, its first in four

sessions.

Malaysia's main index was up 0.45 percent, the

Philippines' main index gained 0.8 percent while MSCI's

broadest index of Asia-Pacific shares outside Japan

rose 1 percent.

Thai shares pared earlier gains, ending a tad lower

at 1,271.42 amid active selling in shares of Siam Commercial

Bank and Bangkok Bank.

Players remained on the sidelines, with the market's trading

volume falling to 0.7 times of its full day average over the

past 30 sessions, as the Thai government pushed ahead with a

general election on Sunday despite warnings it could end in

violence.

Foreign investors sold shares worth a net 599 million baht

($18.21 million), adding to their net redemption of $205 million

over the past three sessions.

Singapore underperformed peers, down 0.5 percent as

investors trimmed positions ahead of the Lunar New Year

holidays.

Singapore, Indonesia and the Philippines will be closed on

Friday for a Lunar New Year holiday, while Malaysia will remain

shut on Thursday and Friday.

Vietnam was closed for a second day on Wednesday for

the country's Lunar New Year festival. Trading will resume on

Thursday, Feb. 6.

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SOUTHEAST ASIAN STOCK MARKETS

Change on day

Market Current Prev Close Pct Move

TR SE Asia Index* 378.78 377.35 +0.38

Singapore 3047.93 3062.41 -0.47

Kuala Lumpur 1789.23 1781.25 +0.45

Bangkok 1271.42 1271.29 -0.03

Jakarta 4417.35 4341.65 +1.74

Manila 6069.84 6022.81 +0.78

Change on year

Market Current End 2013 Pct Move

TR SE Asia Index* 378.78 388.37 -2.47

Singapore 3047.93 3167.43 -3.77

Kuala Lumpur 1789.23 1866.96 -4.16

Bangkok 1271.42 1298.71 -2.10

Jakarta 4417.35 4274.18 +3.35

Manila 6069.84 5889.83 +3.06

Ho Chi Minh -- 504.63 +10.28

* The Thomson Reuters South East Asia Index is a

highly representative indicator of stocks listed in Indonesia,

Malaysia, the Philippines, Singapore, Thailand and Vietnam.

Stock Market Volume (shares)

Market Current Volume Average Volume 30 days

Singapore 177,521,800 168,054,623

Kuala Lumpur 125,884,500 113,894,573

Bangkok 3,433,528 4,798,864

Jakarta 2,926,037,900 2,851,924,670

Manila 104,614 72,388