SE Asia Stocks-Rise as fresh Wall St highs support, S'pore gains most

By Sumeet Gaikwad

Oct 6 (Reuters) - Southeast Asian stock markets ended higher

on Friday as fresh peaks on Wall Street overnight continued to

underpin investor sentiment, with Singapore gaining nearly 1

percent.

Broader Asian shares gained as investors awaited September

U.S. jobs data due later in the day that may provide clues on

whether the Federal Reserve would raise interest rates as

expected in December.

The dollar rose on Friday setting it on track for its fourth

consecutive week of gains as investors trimmed some short bets

on growing views that interest rate markets are underpricing the

extent of U.S. rate increases over the coming months.

The U.S. Labor Department's closely watched employment

report will likely show that nonfarm payrolls increased by

90,000 jobs last month, a Reuters survey of economists showed,

after rising by 156,000 in August.

The number of Americans filing for unemployment benefits

fell more than expected last week, but the continued impact of

Hurricanes Harvey and Irma on the data made it difficult to get

a clear picture of the labour market.

In Southeast Asia, Singapore shares climbed 0.9

percent and closed at their highest in more than 1-1/2 months,

bringing the weekly gain to 2.2 percent.

United Overseas Bank Ltd rose 1.5 percent, while

Jardine Matheson Holdings Ltd added 2.3 percent.

Philippine shares pared early gains to close 0.2

percent higher, buoyed by industrials. The index gained 1.7

percent over the week, marking its fourth week of gains in five.

Index heavyweights SM Investments Corp ended 1.3

percent higher, having hit an all-time high earlier in the day,

while JG Summit advanced 3.3 percent.

The Jakarta stock index firmed marginally, buoyed by

material and energy stocks.

Cement manufacturer Semen Indonesia climbed more

than 3 percent, while Adaro Energy rose 2.5 percent.

The index of the country's 45 most liquid stocks

rose 0.2 percent.

Malaysian stocks rebounded, helped by telecom and

industrial stocks.

Malaysia's exports in August grew to 21.5 percent from a

year earlier, beating expectations on the back of manufacturing

sector and liquefied natural gas (LNG) exports, but were slower

than the previous month.

IJM Corp and Sime Derby rose 1.9 percent

and 0.9 percent, respectively.

Thai equities rose as much as 0.6 percent to hit a

near 24-year high in the session, but trimmed the gains to close

0.3 percent higher. The index gained 1.4 percent on the week.

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SOUTHEAST ASIAN STOCK MARKETS

Change on day

Market Current Previous Pct Move

Close

Singapore 3291.29 3261.84 0.90

Bangkok 1695.97 1690.87 0.30

Manila 8310.88 8294.01 0.20

Jakarta 5905.378 5901.906 0.06

Kuala Lumpur 1764 1759.09 0.28

Ho Chi Minh 807.8 805.23 0.32

Change on year

Market Current End 2016 Pct Move

Singapore 3291.29 2880.76 14.25

Bangkok 1695.97 1542.94 9.92

Manila 8310.88 6840.64 21.49

Jakarta 5905.378 5296.711 11.49

Kuala Lumpur 1764 1641.73 7.45

Ho Chi Minh 807.8 664.87 21.50

(Reporting by Sumeet Gaikwad; Editing by Amrutha Gayathri)