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SE Asia Stocks-Malaysia, Singapore fall on weak oil prices

BANGKOK, Dec 1 (Reuters) - Malaysia's key stock index marked

the worst drop in almost 23 months and Singapore's benchmark

posted the biggest fall since mid-October on Monday as oil and

gas stocks tumbled amid a fall in global oil prices to a

five-year low.

Kuala Lumpur's composite index, which measures moves

of 30 large-cap stocks, closed down 2.3 percent, its biggest

single day loss since January 21, 2013. Shares of Sapurakencana

Petroleum plunged 10 percent, the worst performer.

A capital expenditure cut plan by Malaysia's state oil firm

Petroliam Nasional (Petronas) worried investors about earnings

outlook of oil and gas services firms that rely on Petronas's

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contracts, analysts said.

In Singapore, late selling sent the Straits Times Index

1.3 percent lower at a two-week closing low of

3,305.64. Oil rig builder Sembcorp Marine slipped 5.8

percent and Keppel Corporation was down 4.9 percent.

In Bangkok, shares of the country's top energy firm PTT

was down 4.9 percent, the worst since October 2011,

sending the SET index into negative territory.

Indonesia's coal miner Bumi Resources fell 5.8

percent, trimming gains of the Jakarta composite index.

For Asian Companies click;

For South East Asia Hot Stock reports, click;

SOUTHEAST ASIAN STOCK MARKETS

Change on day

Market Current Prev Close Pct Move

Singapore 3305.64 3350.50 -1.34

Kuala Lumpur 1778.27 1820.89 -2.34

Bangkok 1593.82 1593.91 -0.01

Jakarta 5164.29 5149.88 +0.28

Manila 7331.73 7294.38 +0.51

Ho Chi Minh 568.01 566.58 +0.25

Change on year

Market Current End 2013 Pct Move

Singapore 3305.64 3167.43 +4.36

Kuala Lumpur 1778.27 1866.96 -4.75

Bangkok 1593.82 1298.71 +22.72

Jakarta 5164.29 4274.18 +20.83

Manila 7331.73 5889.83 +24.48

Ho Chi Minh 568.01 504.63 +12.56

(Reporting by Viparat Jantraprap; Editing by Biju Dwarakanath)