SE Asia Stocks-Most higher, Indonesia's coal miners strong

BANGKOK, Sept 3 (Reuters) - Most Southeast Asian stocks rose

on Tuesday, lifted by a string of upbeat factory data from

around the globe, with the Indonesian index reversing the

previous session's losses amid buying in coal miners, seen as

beneficiaries of a rise in the dollar.

Jakarta's Composite Index was up 1.6 percent at

midday, erasing some of the 2.2 percent drop on Monday, in

moderate trading volume that was 70 percent of a full day

average over past 30 sessions, also reflecting short covering.

Shares in coal miner PT Adaro Energy gained 3.1

percent and PT Harum Energy jumped 3 percent. Both

were among the top performers in August.

"The dollar appreciation against the rupiah provides

benefits for coal plays as most have dollar sales while some

cost components are denominated in rupiah, allowing for

operating and net margin expansions in the second half of 2013,"

Jennifer Frederika Yapply, analyst at Bahana Securities wrote in

a report.

Investors bought oversold banking shares including Bank

Mandiri and Bank Rakyat, which were battered

in the past month along with the broader market amid economic

data jitters.

The Philippine main index edged slightly lower,

paring earlier gains, as market players cashed in on recent

gainers such as SM Investments Corp.

Shares in commodities gained across the region, with

Malaysia-listed Tenaga Nasional and Singapore-listed

Golden Agri-Resources Ltd among those actively traded.

Positive global economic data released recently, including

factory activity in the euro zone and China's manufacturing

sector in August, bolstered sentiment on commodities and shifted

investors' interest into the sector.

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SOUTHEAST ASIAN STOCK MARKETS

Change at 0544 GMT

Market Current Prev Close Pct Move

TR SE Asia Index* 385.17 382.98 +0.57

Singapore 3056.00 3055.72 +0.01

Kuala Lumpur 1724.74 1717.56 +0.42

Bangkok 1332.15 1323.70 +0.64

Jakarta 4167.94 4101.23 +1.63

Manila 6060.17 6061.80 -0.03

Ho Chi Minh 474.12 472.70 +0.30