SE Asia Stocks-Philippines sheds 1 pct, Vietnam slips from near 10-yr high

By Karthika Suresh Namboothiri

Nov 15 (Reuters) - Most Southeast Asian stock markets

weakened on Wednesday, with the Philippines slipping more than 1

percent and Vietnam pulling away from a near decade high, as a

slide in global equities and oil prices spurred risk aversion.

Broader Asian shares edged down, tracking overnight losses

on Wall Street, after oil prices took a beating on weak demand

outlook.

The International Energy Agency on Tuesday cut its oil

demand growth forecast for the year and next, implying that the

world oil consumption may not, as many expect, 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," said Mizuho Bank in a research note.

Singapore shares edged 0.8 percent lower, with

financials and industrials accounting for the losses.

The city-state's biggest lender DBS Group Holdings Ltd

fell 0.9 percent, while conglomerate Jardine Matheson

Holdings Ltd dropped 2.3 percent.

The Vietnamese index fell 0.4 percent, snapping an

eight-session gaining streak that lifted the index to its

highest close in nearly 10 years in the previous session.

Real estate developer Vincom Retail Joint Stock Co

fell 5.6 percent and was among the top drags on the index.

Philippine shares shed 1.1 percent, dragged by

industrials, with SM Investments Corp down 2.8 percent,

and JG Summit Holdings losing 3.3 percent.

Thai shares slumped 0.3 percent, with energy stocks

leading the losses. Gas and petroleum distributor PTT Public Co

Ltd down 1 percent, was the biggest drag.

In contrast to the broader trend, Indonesian shares

climbed about 0.1 percent, with Bank Central Asia Tbk

up 1.2 percent.

"The third-quarter cumulative non-tax revenue soared close to

40 percent, and that was driven by commodities, natural

resources," said Taye Shim, head of research at Mirae Asset

Sekuritas, Indonesia.

The index of the 45 most liquid stocks in Indonesia

rose 0.3 percent.

Indonesia posted a trade surplus for a third straight month

in October, the statistics bureau said on Wednesday, as improved

demand for commodities underpinned exports from Southeast Asia's

biggest economy.

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SOUTHEAST ASIAN STOCK MARKETS: CHANGE AT 0430 GMT

Change on the

day

Market Current Previous Pct Move

close

Singapore 3370.52 3399.09 -0.84

Bangkok 1697.92 1702.63 -0.28

Manila 8276.64 8379.64 -1.23

Jakarta 5992.149 5988.292 0.06

Kuala Lumpur 1731.81 1733.61 -0.10

Ho Chi Minh 877.9 880.9 -0.34

Change on year

Market Current End 2016 Pct Move

Singapore 3370.52 2880.76 17.00

Bangkok 1697.92 1542.94 10.04

Manila 8276.64 6840.64 20.99

Jakarta 5992.149 5296.711 13.13

Kuala Lumpur 1731.81 1641.73 5.49

Ho Chi Minh 877.9 664.87 32.04

(Reporting by Karthika Namboothiri in Bengaluru; Editing by

Amrutha Gayathri)