SE Asia Stocks-Indonesia retreats as cabinet formation in focus

BANGKOK, Oct 21 (Reuters) - Southeast Asian stock markets

were rangebound on Tuesday, with Singapore eking out further

gains amid selective buying in a reporting season while

Indonesia retreated from a near three-week closing high as

investors awaited cabinet formation.

Singapore's Straits Times Index added 0.3 percent,

building on the rise over the past two sessions. Shares of

Keppel Corporation and Singapore Exchange

rose ahead of a quarterly results expected later in the

day.

Traders expect trading to remain muted during the day before

a market holiday on Wednesday.

Jakarta's composite index eased 0.3 percent, with

selling in recent gainers such as Astra International

and Bank Mandiri.

The index rose on Monday when former Jakarta Governor Joko

Widodo was sworn in as Indonesia's seventh president at a

ceremony in parliament, with his jobs including a cutback in

fuel subsidies.

"With Jokowi's inauguration done without a hitch, market

will now focus on cabinet, which should be announced this week,"

said broker Trimegah Securities in a report.

Stocks in Malaysia edged lower ahead of a market

holiday on Wednesday while Thailand fell after early

gains. The Philippines was up 0.3 percent and Vietnam

rose 1.1 percent.

Asian shares were nearly flat as modest relief on data

showing the Chinese economy grew slightly more than expected was

replaced by lingering concerns of weakening momentum in the

world's second-biggest economy.

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SOUTHEAST ASIAN STOCK MARKETS

Change at 0704 GMT

Market Current Prev Close Pct Move

Singapore 3189.58 3181.05 +0.27

Kuala Lumpur 1797.38 1803.14 -0.32

Bangkok 1524.89 1526.67 -0.12

Jakarta 5023.54 5040.53 -0.34

Manila 7074.97 7057.53 +0.25

Ho Chi Minh 595.82 589.24 +1.12

(Reporting by Viparat Jantraprap; Editing by Biju Dwarakanath)