SE Asia Stocks-Philippines jumps ahead of inflation data; Singapore down

* Philippines hits near 3-month high

* Singapore down after 4 days of gains

By Shreya Mariam Job

Dec 4 (Reuters) - Philippine stocks rose 2 percent on

Tuesday, extending sharp gains from the prior session and

hitting a near three-month high, ahead of November inflation

data, while Singapore shares fell 1 percent on

disappointing manufacturing data.

Financials and industrials led the gains in the Philippines,

with SM Investments Corp firming 2.5 percent and SM

Prime Holdings strengthening 1.8 percent.

Most of the gains seem to be from the continued flow of

investment into emerging markets, said Charles William Ang, an

associate analyst with COL Financial Group Inc, adding that the

market expected inflation to have eased in November which might

be the fundamental cause for the rise.

A Reuters poll showed consumer inflation likely eased last

month for the first time in almost a year, coming off its

highest rate in almost a decade, due to declining fuel and rice

prices and a stronger peso.

An ease in inflation would provide respite to the

Philippines as persistent price pressures have curbed demand and

prompted the government to shave its economic growth target for

this year in October.

Meanwhile, Singapore shares were headed for their session of

fall in five after data showed the city-state's manufacturing

growth slowed to a 16-month low in November.

Technology and financial stocks were the top drags, with

Venture Corp Ltd declining 4.1 percent and Genting

Singapore Ltd shedding 1.9 percent.

Among other markets in Southeast Asia, Indonesia

rose 0.4 percent, helped by financial and material stocks. Bank

Central Asia Tbk PT climbed 0.8 percent, while

Telekomunikasi Indonesia (Persero) Tbk Perusahaan Perseroan PT

gained 1.6 percent.

Malaysian stocks dropped 0.5 percent, dragged by

telecommunication services and consumer cyclical stocks, ahead

of the release of October trade data on Wednesday.

Malaysia's exports are expected to rise 6.2 percent in

October from a year earlier, slightly slower than the previous

month's pace, a Reuters poll showed.

For Asian Companies click;

SOUTHEAST ASIAN STOCK MARKETS As at 4:24 GMT

Market Current Previous close Pct Move

Singapore 3161.72 3190.62 -0.91

Bangkok 1675.72 1672.61 0.19

Manila 7669.3 7532.9 1.81

Jakarta 6140.307 6118.32 0.36

Kuala Lumpur 1691.53 1699.72 -0.48

Ho Chi Minh 954.16 951.59 0.27

Change on year

Market Current End prev yr Pct Move

Singapore 3161.72 3402.92 -7.09

Bangkok 1675.72 1753.71 -4.45

Manila 7669.3 8,558.42 -10.39

Jakarta 6140.307 6,355.65 -3.39

Kuala Lumpur 1691.53 1796.81 -5.86

Ho Chi Minh 954.16 984.24 -3.06

(Reporting by Shreya Mariam Job in Bengaluru; Editing by

Subhranshu Sahu)