SE Asia Stocks -Indonesia underperforms on week

BANGKOK, Sept 12 (Reuters) - Indonesian shares eked out

small gains on Friday, posting their worst weekly loss in almost

three months amid concerns about a likely end to fuel subsidies,

while Thai stocks trod water amid selling in recent gainers

including construction-related firms.

Indonesia's key index ended up 0.2 percent, led by

cement shares such as Indocement and Semen Indonesia

. Banks were among losers, with foreign selling sending

Bankyat Indonesia to a two-month closing low.

The benchmark stock index was down 1.4 percent on the week,

the biggest fall since the week ended June 20, amid uncertainty

about the direction of fuel prices.

A senior Bank Indonesia official said the country needs to

raise fuel prices before March and preferably by the end of 2014

to ease pressure on the current account and let the central bank

focus its attention on the weakening economy.

Foreign investors were net sellers of Indonesian shares

worth 776 billion rupiah ($65.66 million), marking a fourth

straight session of offloading, Thomson Reuters data showed.

The Thai SET index closed a tad higher on the day

and was down 0.2 percent on the week, its first weekly loss in

six.

Siam Commercial Bank was among gainers, while

cement firm Siam Cement and builders including Italian

Thai Development and Ch Karnchang fell amid

profit taking, brokers said.

Fund flows were mixed across exchanges, with the Thai stock

market reporting a net foreign buying of 737 million baht

($22.90 million), Malaysia posting a net foreign selling

of 173 million ringgit ($54.13 million) and the Philippines

recording net outflows worth 265 million pesos ($6.03 million),

stock exchange data showed.

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SOUTHEAST ASIAN STOCK MARKETS

Change on day

Market Current Prev Close Pct Move

Singapore 3345.55 3347.28 -0.05

Kuala Lumpur 1855.64 1866.11 -0.56

Bangkok 1581.36 1580.87 +0.03

Jakarta 5143.71 5133.03 +0.21

Manila 7201.88 7202.06 0.00

Ho Chi Minh 632.50 628.99 +0.56

Change on year

Market Current End 2013 Pct Move

Singapore 3345.55 3167.43 +5.62

Kuala Lumpur 1855.64 1866.96 -0.61

Bangkok 1581.36 1298.71 +21.76

Jakarta 5143.71 4274.18 +20.34

Manila 7201.88 5889.83 +22.28

Ho Chi Minh 632.50 504.63 +25.34

(1 US dollar = 11,818.0000 rupiah)

(1 US dollar = 3.1960 Malaysian ringgit)

(1 US dollar = 43.9700 Philippine peso)

(1 US dollar = 32.1800 Thai baht)

(Reporting by Viparat Jantraprap; Editing by Subhranshu Sahu)