SE Asia Stocks-Philippines extends gains to 5th session

* Philippines notches up 4.5 pct gain over 5 sessions

* Malaysian stocks end lower amid caution ahead of budget

By Rashmi Ashok

Oct 22 (Reuters) - Philippine shares surged on Monday,

extending their gains to a fifth straight session, while most

other Southeast Asian stock markets put in lacklustre

performances.

The Philippine index closed 1.2 percent higher,

notching up a 4.5 percent gain over the last five sessions, as

real-estate developer SM Prime Holdings gained after

reporting a jump in quarterly earnings.

Bank stocks also boosted the Philippine market, with BDO

Unibank Inc gaining 2.6 percent and Metropolitan Bank

and Trust Co adding 4.5 percent.

Singapore shares edged 0.5 percent higher as consumer

goods and industrial stocks ticked up. Wine and soda distiller

Thai Beverage PCL added 3.1 percent and casino and

gaming operator Genting Singapore Ltd rose 1.6

percent.

Indonesian shares traded nearly flat, as telecom

stocks like Telekomunikasi Indonesia Tbk rose 1.8

percent and PT Indosat Tbk added 6.0 percent to offset

losses in the banking sector.

Meanwhile, Malaysian stocks led losses in the

region, closing 0.6 percent lower, as telecom giant Axiata Group

Bhd shed 6 percent and Telekom Malaysia lost

4.2 percent.

"General sentiment in the Malaysian market is pretty

cautious awaiting the upcoming union budget," said Nik-Ihsan, a

technical analyst with Maybank Kim Eng.

The government had recently unveiled new forecasts,

indicating wider fiscal deficits than earlier expected and an

austere 2019 budget scheduled to be presented on Nov. 2.

Rating agencies have warned its sovereign credit ratings

could take a hit if the government cannot narrow its budget

deficit.

Vietnamese stocks closed 0.5 percent lower, led by

losses in financials. Joint Stock Commercial Bank for Foreign

Trade of Vietnam dropped 1 percent, while Vietnam

Prosperity Joint Stock Commercial Bank fell 2.7

percent.

Prime Minister Nguyen Xuan Phuc said on Monday foreign

direct investment inflows into Vietnam this year would likely

reach a record $18 billion.

He also said the Southeast Asian country would aim to keep

the inflation rate at 4 percent for 2019.

However, he added there was pressure on Vietnam's inflation

rate due to higher prices for crude oil and electricity as well

as education and healthcare services.

Thai shares fell 0.6 percent as investor sentiment was hit

after disappointing trade data for September. Exports, the key

driver of its growth, fell 5.2 percent from a year earlier.

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SOUTHEAST ASIAN STOCK MARKETS

Change on the day

Market Current Previous close Pct Move

Singapore 3078.06 3062.51 0.51

Bangkok 1658.56 1667.91 -0.56

Manila 7236.16 7151.52 1.18

Jakarta 5840.435 5837.291 0.05

Kuala Lumpur 1722.47 1732.14 -0.56

Ho Chi Minh 953.51 958.36 -0.51

Change on year

Market Current End prev yr Pct Move

Singapore 3078.06 3402.92 -9.55

Bangkok 1658.56 1753.71 -5.43

Manila 7236.16 8,558.42 -15.45

Jakarta 5840.435 6,355.65 -8.11

Kuala Lumpur 1722.47 1796.81 -4.14

Ho Chi Minh 953.51 984.24 -3.12

(Reporting by Rashmi Ashok in Bengaluru; Editing by Amrutha

Gayathri)