SE Asia Stocks -Indonesia snaps losing streak; fuel policy in focus

BANGKOK, Nov 11 (Reuters) - Indonesia's key index snapped a

six-day losing streak on Tuesday, led by beaten-down large caps,

but gains were limited due to a lack of clarity over the

government's plan to raise fuel prices as a step towards cutting

subsidy spending.

Other Southeast Asian markets remained rangebound with

shares of palm plantation firms rising in line with a rebound in

palm oil futures.

Jakarta's composite index gained 1.3 percent,

recouping some of its 2.4 percent loss over the past six

sessions.

Shares of Telkom Indonesia and Bank Mandiri

rose in strong volumes on foreign-led buying, Thomson

Reuters data showed.

"I don't think the rally will last because of the

uncertainty in the fuel price increase plan," said Andri

Zakarias, an analyst with BNI Securities.

Indonesian President Joko Widodo said last week he had not

decided on the timing of a fuel price hike, signalling a

possible delay in cutting massive fuel subsidies that are

straining the state's finances.

In Singapore, shares of Olam International jumped

3.3 percent, the biggest percentage gainers on the Straits Times

Index.

Palm plantation firm Kuala Lumpur Kepong rose 0.6

percent, the second biggest gainer on Malaysia's key index

.

Indonesia's Astra Agro Lestari rose 3.5 percent

after a report it bought a 50 percent stake worth 75 billion

rupiah ($6.17 million) in a unit of Malaysia' Kuala Lumpur

Kepong.

Malaysian palm oil futures ended four days of falls on

Monday as export demand picked up.

In Bangkok, strong quarterly results boosted shares of zinc

firm Padaeng Industry. The stock was up 14.3 percent at

midday, the third biggest gainer on the key SET index.

The Philippines' key index reversed two days of falls

after data showed September exports rose 15.7 percent from a

year earlier.

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SOUTHEAST ASIAN STOCK MARKETS

Change at 0603 GMT

Market Current Prev Close Pct Move

Singapore 3298.96 3301.00 -0.06

Kuala Lumpur 1825.31 1827.93 -0.14

Bangkok 1575.36 1567.34 +0.51

Jakarta 5029.94 4965.39 +1.30

Manila 7209.98 7192.12 +0.25

Ho Chi Minh 607.35 602.12 +0.87

(Reporting by Viparat Jantraprap and Fransiska Nangoy in

JAKARTA; Editing by Anupama Dwivedi)