SE Asia Stocks-Mostly up; Jakarta down on political concerns

Oct 30 (Reuters) - Jakarta shares ended weaker on Thursday

on political concerns while most other Southeast Asian stock

markets rose, with some trading range-bound, after the U.S.

Federal Reserve expectedly ended its massive quantitative easing

programme.

The Jakarta Composite Index edged down 0.3 percent

after gaining 1.5 percent in the previous session as a vote on

Indonesian parliament commission leaders weighed on sentiment.

Bucking the trend in the overall market, shares of

Indonesian palm oil companies gained on an expected increase in

palm oil prices and strong earnings, traders said.

Shares of PT Astra Agro Lestari Tbk rose as much

as 9.1 percent, PT London Sumatra Indonesia Tbk gained

3.99 percent and PT Salim Ivomas Pratama Tbk rose 3.3

percent.

Palm oil prices may have bottomed out and will likely trade

between 2,100 and 2,300 ringgit per tonne ($641-$703) in the

next few weeks before rising to 2,500 ringgit by March as output

weakens and stocks ease, an analyst said.

Thailand's SET index ended 0.2 percent up at its

four week high, the Philippine index gained 1.1 percent,

and Malaysia ended 0.1 percent firmer. Singapore

gained 0.32 percent.

Jakarta saw a net foreign inflow of $21.05 million, Thomson

Reuters data showed, while Kuala Lumpur saw $30.52 million

inflow, the stock exchange data showed.

Teerada Charnyingyong, a strategist at broker Phillip

Securities, said gains were slow after the Fed decision though

it was expected.

The U.S. Federal Reserve on Wednesday ended its monthly bond

purchase program, which at its peak pumped $85 billion a month

into the financial system. It also signalled confidence the U.S.

economic recovery would remain on track despite signs of a

slowdown in many parts of the global economy.

Vietnam retreated to end 0.35 percent weaker as

investors took profit and low liquidity showed weak appetite.

For Asian Companies click;

For South East Asia Hot Stock reports, click;

SOUTHEAST ASIAN STOCK MARKETS

Change on day

Market Current Prev Close Pct Move

Singapore 3234.31 3224.11 +0.32

Kuala Lumpur 1842.78 1839.55 +0.18

Bangkok 1565.35 1562.67 +0.17

Jakarta 5058.85 5074.06 -0.30

Manila 7170.99 7093.31 +1.10

Ho Chi Minh 589.14 591.20 -0.35

Change on year

Market Current End 2013 Pct Move

Singapore 3234.31 3167.43 +2.11

Kuala Lumpur 1842.78 1866.96 -1.30

Bangkok 1565.35 1298.71 +20.53

Jakarta 5058.85 4274.18 +18.36

Manila 7170.99 5889.83 +21.75

Ho Chi Minh 589.14 504.63 +16.75

($1 = 12,120.0000 rupiah)

($1 = 3.2875 Malaysian ringgit)

(Reporting by Shihar Aneez in COLOMBO, Fransiska Nangoy and

Eveline Danubrata in JAKARTA; Editing by Gopakumar Warrier)