SE Asia Stocks-Most subdued; Vietnam hits fresh near 10-yr high

By Karthika Suresh Namboothiri

Nov 8 (Reuters) - Most Southeast Asian stock markets were

muted on Wednesday, with Indonesia slipping from a record close,

as investors took a breather in the absence of market-moving

data.

However, Vietnam stocks firmed to hit a fresh near

decade high, while Singapore held on to two-year highs.

Global equities were largely muted as concerns of a delay in

U.S. tax reform proposal and apprehension over Saudi Arabia's

rising tensions with Iran soured investor sentiment.

"Markets seem unsure which way to go next – equity markets

are largely becalmed...," ING analysts said in a note.

Indonesian stocks slumped 0.3 percent from a record

close, dragged by the telecommunications sector, with Perusahaan

Perseroan (Persero) PT Telekomunikasi Indonesia Tbk,

down 1.7 percent.

Singapore index was largely flat, with real estate

giant CapitaLand Ltd down 1.1 percent and Keppel Corp

Ltd giving up 0.9 percent.

Philippine stocks edged 0.3 percent lower, with

industrial stocks accounting for majority of the losses, as SM

Investments Corp slumped 2.8 percent, and food processor

JG Summit HoldingS dropped 1.2 percent.

Real estate stock Ayala Land was the biggest drag

on the index, declining 2 percent. Manila-based RCBC Securities

analyst Fio De Jesus attributed the stock's move to

profit-taking after it rose 1.3 percent in its previous session

on strong nine-month earnings.

Thai shares pared early gains in the session to

trade down 0.1 percent ahead of the Bank of Thailand's rate

decision due later in the day.

The central bank is expected to leave its benchmark interest

rate near record lows again, with the current level seen

supporting the country's economic recovery while inflation stays

benign.

Vietnam shares gained 0.9 percent, with real estate

developer Vingroup Joint Stock Company climbing 4.7

percent to an all-time peak.

For Asian Companies click;

SOUTHEAST ASIAN STOCK MARKETS: CHANGE AT 0400 GMT

Market Current Previous Pct Move

close

Singapore 3411.22 3413.1 -0.06

Bangkok 1711.33 1712.75 -0.08

Manila 8499.88 8521.81 -0.26

Jakarta 6040.701 6060.453 -0.33

Kuala Lumpur 1748.71 1750.94 -0.13

Ho Chi Minh 857.9 850.33 0.89

Change on year

Market Current End 2016 Pct Move

Singapore 3411.22 2880.76 18.41

Bangkok 1711.33 1542.94 10.91

Manila 8499.88 6840.64 24.26

Jakarta 6040.701 5296.711 14.05

Kuala Lumpur 1748.71 1641.73 6.52

Ho Chi Minh 857.9 664.87 29.03

(Reporting by Karthika Namboothiri in Bengaluru; Editing by

Amrutha Gayathri)