SE Asia Stocks-Indonesia snaps 6 days of falls ahead of cenbank meeting

By Karthika Suresh Namboothiri

Nov 16 (Reuters) - Indonesian shares climbed more

than 1 percent on Thursday, snapping six straight sessions of

declines, ahead of a central bank policy meeting, while

Philippine stocks gave up early gains to close lower.

Bank Indonesia is widely expected to keep its key interest

rate unchanged, despite sluggish economic growth, as it

prioritises stability before an anticipated hike in U.S. rates.

Consumer goods and infrastructure stocks led the rise with

Gudang Garam climbing 5.3 percent to its highest close

since early July, while Telekomunikasi Indonesia

gained 1.7 percent.

The index of the 45 most liquid stocks in Indonesia

surged 1.6 percent.

Philippine shares fell 0.8 percent to their lowest

close in more than six weeks after rising as much as 0.7 percent

earlier in the day.

Data released earlier showed that the country's economy

expanded by a faster-than-expected 6.9 percent in the third

quarter from a year earlier.

SM Investments Corp and Ayala Corp were the

biggest drags, shedding 2.3 percent and 2.7 percent

respectively.

Fio Dejesus of Manila-based RCBC Securities said

profit-taking in the two stocks sent the index lower.

Singapore shares dropped for a fifth consecutive

session, weighed down by banks. DBS Group Holdings

shed 1.1 percent, while United Overseas Bank Ltd

dropped 0.7 percent.

Vietnam extended gains into a 10th session to close

at its highest since January 2008, supported by consumer staples

and financials.

Joint Stock Commercial Bank for Foreign Trade of Vietnam

rose 2.5 percent, while brewer Saigon Beverage Corp

climbed 3.4 percent.

Malaysian shares fell 0.3 percent to close at their

lowest in eight months.

CIMB Group Holdings dropped 1.3 percent to its

lowest close in seven months, while telecommunication services

provider Axiata Group Berhad fell 2.6 percent.

For Asian Companies click;

SOUTHEAST ASIAN STOCK MARKETS: CHANGE ON DAY

Market Current Previous Pct Move

close

Singapore 3341.3 3368.7 -0.81

Bangkok 1691.25 1690.26 0.06

Manila 8206.44 8273.44 -0.81

Jakarta 6037.907 5972.311 1.10

Kuala Lumpur 1718.11 1722.99 -0.28

Ho Chi Minh 892.8 882.59 1.16

Change on year

Market Current End 2016 Pct Move

Singapore 3341.3 2880.76 15.99

Bangkok 1691.25 1542.94 9.61

Manila 8206.44 6840.64 19.97

Jakarta 6037.907 5296.711 13.99

Kuala Lumpur 1718.11 1641.73 4.65

Ho Chi Minh 892.8 664.87 34.28

(Reporting by Karthika Namboothiri in Bengaluru; Editing by

Subhranshu Sahu)