SE Asia Stocks-Most end lower; Thai shares gain

By Chris Thomas

Sept 25 (Reuters) - Most Southeast Asian stock markets

closed lower on Monday, in line with broader Asia, while Thai

shares climbed ahead of the central bank's interest rate

decision due later in the week.

Philippine shares closed down 0.4 percent, recovering

some of the losses earlier in the session. The index had fallen

as much as 1 percent, pulled down by a 23.6 percent drop in

Energy Development Corp.

The renewable power producer said on Friday a tender offer

for a consortium of investors to buy about a third of the

company had ended.

The number of shares tendered was more than what the bidders

had sought and the extra shares are being sold down, said Joseph

Roxas, president of Manila-based Eagle Equities Inc.

Market heavyweight SM Investments Corp rose,

reversing an early drop, and hit a record closing high.

"Philippine shares turned to profit-taking mode as the last

week of September started," said Luis Limlingan, managing

director at Regina Capital.

"Some volatility may be expected this week for the

Philippines, with a lot of funds wanting to "clean" their

portfolios ahead of the end of 3Q17."

The Thai index was the sole gainer in the region,

closing 0.5 percent higher, lifted by a 1.5 percent spike in oil

and gas refiner PTT Pcl.

Thailand's central bank is expected to keep its benchmark

interest rate unchanged near record lows on Wednesday, despite

calls for a cut to contain the strength of the baht.

Meanwhile, Singapore shares ended marginally lower

after data showed the city-state's annual headline consumer

price index rose at a slower-than-expected pace in August,

reinforcing expectations that the central bank will keep policy

unchanged at its review in October.

Real estate company CapitaLand Ltd slipped 1.1

percent to end at its lowest since July 13, while Jardine

Matheson declined 0.7 percent.

Indonesian shares and the index of the country's 45

most liquid stocks fell 0.3 percent each.

Malaysian shares shed 0.1 percent, having traded at

volumes 1.5 times the 30-day average, with losses in financial

stocks such as Malayan Banking Bhd and AMMB Holdings

largely offsetting a 2.3 percent rise in Petronas Gas

.

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SOUTHEAST ASIAN STOCK MARKETS: Change on day

Change on day

Market Current Previous Close Pct Move

Singapore 3215.91 3220.25 -0.13

Bangkok 1667.59 1659.05 0.51

Manila 8244.73 8281.27 -0.44

Jakarta 5894.612 5911.708 -0.29

Kuala Lumpur 1769.14 1771.04 -0.11

Ho Chi Minh 805.58 807.13 -0.19

Change on year

Market Current End 2016 Pct Move

Singapore 3215.91 2880.76 11.63

Bangkok 1667.59 1542.94 8.08

Manila 8244.73 6840.64 20.53

Jakarta 5894.612 5296.711 11.29

Kuala Lumpur 1769.14 1641.73 7.76

Ho Chi Minh 805.58 664.87 21.16

(Reporting by Chris Thomas in Bengaluru; Additional reporting

by Enrico Delacruz in Manila; Editing by Amrutha Gayathri)