SE Asia Stocks-Most drop in line with broader Asia

By Rashmi Ashok

Oct 18 (Reuters) - Most Southeast Asian stock markets closed

lower on Thursday, in line with losses across broader Asia,

while Philippine shares extended their gains to a third straight

session.

MSCI broadest index of Asia-Pacific shares outside Japan

fell 0.7 percent.

Indonesian shares closed 0.4 percent lower, weighed

down by telecom stocks such as PT Telekomunikasi Indonesia Tbk

, which dropped 3.9 percent, and antenna and tower

service provider PT Tower Bersama Infrastructure Tbk,

which retreated 3.7 percent.

The index of the country's 45 most liquid stocks

slipped 0.9 percent.

Singapore's stocks slipped 0.1 percent, as

real-estate companies took a hit from the city-state's stricter

guidelines on maximum number of units in new blocks of private

flats, in a move to tackle cramped housing.

Property developer City Developments Ltd fell 2.3

percent, while another real estate stock UOL Group Ltd

declined 1.4 percent.

Philippine stocks bucked the broader trend, posting a

gain of 0.6 percent. Heavyweight industrials such as SM

Investments Corp gained 2.1 percent, while Aboitiz

Equity Ventures Inc rose 3.5 percent.

Malaysian equities dropped, with Telekom Malaysia

Berhad shedding nearly 2 percent, and oil and gas

refiner Petronas Gas Berhad losing 1 percent.

The government predicted wider fiscal deficits and slower

economic growth than earlier forecast through 2020, as it

unveiled new forecasts in the mid-term review of its five-year

development plan.

Thailand's stocks fell 0.7 percent, dragged down by

industrial and consumer stocks. Marine freight operator Precious

Shipping PCL shed 1.6 percent, while construction

supplies provider Dynasty Ceramic PCL slipped 0.9

percent.

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SOUTHEAST ASIAN STOCK MARKETS

Market Current Previous close Pct Move

Singapore 3069.67 3071.1 -0.05

Bangkok 1682.91 1695.04 -0.72

Manila 7141.25 7099.68 0.59

Jakarta 5845.242 5868.62 -0.40

Kuala Lumpur 1738.01 1740.59 -0.15

Ho Chi Minh 963.47 971.6 -0.84

Change on year

Market Current End 2017 Pct Move

Singapore 3069.67 3402.92 -9.79

Bangkok 1682.91 1753.71 -4.04

Manila 7141.25 8558.42 -16.56

Jakarta 5845.242 6355.654 -8.03

Kuala Lumpur 1738.01 1796.81 -3.27

Ho Chi Minh 963.47 984.24 -2.11

(Reporting by Rashmi Ashok; Editing by Amrutha Gayathri)