SE Asia Stocks-Most slide on weak oil prices; Malaysia hits 8-mth closing low

By Karthika Suresh Namboothiri

Nov 15 (Reuters) - Most Southeast Asian stock markets ended

lower on Wednesday, with Malaysia closing at its lowest in eight

months, as a slide in global equities and oil prices spurred

risk aversion.

Crude oil prices fell by 1 percent after the International

Energy Agency cut its oil demand growth forecast for the year

and next, implying that oil consumption may not breach 100

million barrels per day next year, while supplies are likely to

exceed that level.

"Sliding equities on both sides of the Atlantic suggest that

risk appetite continues to dissipate led by the buckle in oil

prices," Mizuho Bank said in a research note.

MSCI's broadest index of Asia-Pacific shares outside Japan

fell 0.6 percent.

In Southeast Asia, Malaysian shares declined 0.6

percent to their lowest close since mid-March, dragged by

financials. Malayan Banking was the biggest drag with

a fall of 1.4 percent.

Singapore shares fell 0.9 percent, weighed down by

declines in financials and industrials.

Jardine Matheson Holdings Ltd closed 2.8 percent

lower, while Oversea-Chinese Banking Corp Ltd fell 1.2

percent.

Philippine shares declined 1.3 percent with

industrials leading the fall.

JG Summit Holdings dropped 4 percent to its lowest

close since Sept. 13, while SM Investments Corp declined

1.1 percent.

"It's normal at this time of the year to see this movement

as the (Philippine) markets start to consolidate," said Joseph

Roxas, an analyst with Manila-based Eagle Equities.

Indonesian shares fell 0.3 percent with consumer

discretionary stocks accounting for most of the decline.

Holdings company Astra International Tbk dropped

1.5 percent, while Bank Negara Indonesia (Persero) Tbk

declined 2.5 percent.

Earlier in the day, Indonesia posted a trade surplus for a

third straight month in October, although the surplus shrunk

from that of September.

The index of the 45 most liquid stocks in Indonesia

fell 0.2 percent.

Thai stocks ended 0.7 percent lower, with energy

stocks leading the fall. Oil and gas heavyweight PTT Group Pcl

was the biggest drag with a decline of 1.4 percent.

Vietnam shares rose for a ninth straight session,

closing at their highest since January 2008.

Food processor Vietnam Dairy Products Joint Stock Co

closed 1 percent higher, and was the biggest boost.

For Asian Companies click;

SOUTHEAST ASIAN STOCK MARKETS: CHANGE ON DAY

Change on the

day

Market Current Previous Pct Move

close

Singapore 3368.7 3399.09 -0.89

Bangkok 1690.26 1702.63 -0.73

Manila 8273.44 8379.64 -1.27

Jakarta 5972.311 5988.292 -0.27

Kuala Lumpur 1722.99 1733.61 -0.61

Ho Chi Minh 882.59 880.9 0.19

Change on year

Market Current End 2016 Pct Move

Singapore 3368.7 2880.76 16.94

Bangkok 1690.26 1542.94 9.55

Manila 8273.44 6840.64 20.95

Jakarta 5972.311 5296.711 12.76

Kuala Lumpur 1722.99 1641.73 4.95

Ho Chi Minh 882.59 664.87 32.75

(Reporting by Karthika Namboothiri in Bengaluru; Editing by

Subhranshu Sahu)