SE Asia Stocks-Most rise; Philippines jumps about 2 pct after rate hike

* Indonesia, Malaysia extend gains

* Thailand falls for third session

By Aman Swami

Nov 16 (Reuters) - Most Southeast Asian stock markets rose

on Friday amid hopes of a thaw in Sino-U.S. trade relations,

with Philippine stocks adding nearly 2 percent after the central

bank raised its benchmark rate for the fifth time in a row.

After market hours on Thursday, the Bangko Sentral ng

Pilipinas raised the rate on its overnight reverse repurchase

facility by 25 basis points to 4.75 percent,

lifting borrowing costs by 175 bps this year, in a bid to tackle

elevated inflation and bring it back to within its 2-4 percent

target range next year.

"Central bank raising rates by 25 basis points, coupled with

falling crude oil prices, is a positive indicator that inflation

will slow in the coming months, helping stocks rise," said Fio

Dejesus, an equity research analyst with RCBC Securities.

Industrials and financials helped the key stock index

close higher for a third straight session. Top conglomerate SM

Investments Corp climbed 1.1 percent, while BDO Unibank

Inc rose 5.1 percent.

For the week, Philippine shares closed 1.6 percent higher

after a 2.4 percent drop last week.

Indonesian shares rose about 1 percent, extending

gains into a fourth session, boosted by financial and telecom

stocks. For the week, they gained 2.4 percent.

Bank Central Asia Tbk PT and Telekomunikasi

Indonesia (Persero) Tbk climbed 2.7 percent and 3.6

percent, respectively.

Singapore shares gained nearly 1 percent, with

conglomerates Sembcorp Industries Ltd and Jardine

Matheson Holdings Ltd rising 2.3 percent and 4.3

percent, respectively.

Malaysian shares extended their gains into a third

session, but closed the week 0.1 percent lower.

Sime Darby Bhd, the world's largest palm oil

planter by land size, climbed 1.7 percent, while mobile phone

operator Axiata Group Bhd rose 1.2 percent.

Malaysia's economy grew at its slowest pace in two years in

the July-September quarter as the country grappled with weak

external demand and what the central bank called "supply shocks"

for liquefied natural gas and palm oil.

Meanwhile, Thai shares closed marginally lower,

extending their declines into a third session.

Utility and real estate stocks were the top losers with

Central Pattana PCL shedding 3.2 percent and Gulf

Energy Development PCL declining 1.6 percent.

For the week, Thai shares fell 2 percent, in their second

straight weekly drop.

For Asian Companies click;

SOUTHEAST ASIAN STOCK MARKETS

Change on day

Market Current Previous Close Pct Move

Singapore 3083.6 3054.53 0.95

Bangkok 1635 1638.83 -0.23

Manila 7083.34 6952.59 1.88

Jakarta 6012.35 5955.736 0.95

Kuala Lumpur 1706.38 1694.21 0.72

Ho Chi Minh 898.19 897.15 0.12

Change on year

Market Current End 2017 Pct Move

Singapore 3083.6 3402.92 -9.38

Bangkok 1635 1753.71 -6.77

Manila 7083.34 8558.42 -17.24

Jakarta 6012.35 6355.654 -5.40

Kuala Lumpur 1706.38 1796.81 -5.03

Ho Chi Minh 898.19 984.24 -8.74

(Reporting by Aman Swami; Editing by Subhranshu Sahu)