SE Asia Stocks-Singapore hits 2-week low, most others rise

* Philippines up after 3 sessions of falls

* Malaysia resumes trade after 2-day holiday

* Thailand extends gain into third session

By Karthika Suresh Namboothiri

Feb 2 (Reuters) - Most Southeast Asian stock markets rose on

Friday with the Philippines heading for its first gain in four

sessions, while Singapore slipped for a third day in four.

The Philippine Stock Exchange PSEI Index climbed as

much as 0.6 percent, boosted by financials and industrials, but

was on track to end the week lower for the first time in nine

weeks. It has shed over 3 percent so far this week.

BDO Unibank Inc jumped as much as 1.6 percent on

Friday, while JG Summit Holdings rose as much as 2

percent.

Thai shares extended their rise in to a third

session, adding as much as 0.5 percent, on the back of gains in

energy stocks and were on track to post their tenth straight

weekly rise. Index heavyweight PTT Pcl jumped over 2

percent to a record high.

U.S. oil rose for a third straight session after a survey

showed strong compliance with output cuts by OPEC and others

including Russia, offsetting concerns about surging U.S.

production.

Indonesian shares climbed nearly 1 percent, buoyed

by financials with Bank Central Asia hitting a record

high.

For the week, they were slightly down after three

consecutive weeks of gains.

Singapore shares dropped as much as 0.7 percent to a

two-week low, dragged by financials.

Bankers United Overseas Bank shed 1.2 percent,

while Oversea-Chinese Banking Corp declined 1 percent

to a more than four-week low.

Singapore shares have shed 0.7 percent so far this week,

heading for their first weekly drop in six.

Malaysian shares resumed trading on a sombre note

after two days of holidays.

Meanwhile, Asian shares stumbled as talk of policy

tightening in Europe and expectations that inflation is set to

gear higher drove up borrowing costs globally.

Investors now await the U.S. nonfarm payrolls report for

January, for clues on the strength of the labour market.

Nonfarm payrolls probably rose by 180,000 jobs in January

after increasing 148,000 in December, according to a Reuters

survey of economists. The unemployment rate is forecast to be

unchanged at a 17-year low of 4.1 percent.

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SOUTHEAST ASIAN STOCK MARKETS: AS AT 0332 GMT

Market Current Previous close Pct Move

Singapore 3539.8 3547.23 -0.21

Bangkok 1839.8 1833.6 0.34

Manila 8768.71 8738.72 0.34

Jakarta 6633.117 6598.459 0.53

Kuala Lumpur 1870.3 1868.58 0.09

Ho Chi Minh 1096.76 1099.67 -0.26

Change on year

Market Current End 2017 Pct Move

Singapore 3539.8 3402.92 4.02

Bangkok 1839.8 1753.71 4.91

Manila 8768.71 8558.42 2.46

Jakarta 6633.117 6355.654 4.37

Kuala Lumpur 1870.3 1796.81 4.09

Ho Chi Minh 1096.76 984.24 11.43

(Reporting by Karthika Suresh Namboothiri; Editing by

Subhranshu Sahu)