SE Asia Stocks-S'pore gains on strong GDP data; Philippines down

By Geo Tharappel

Feb 17 (Reuters) - Singapore stocks closed higher on

Friday on strong economic data, while Indonesian stocks fell for

a third straight session dragged down by consumer discretionary

and financial shares.

Singapore's FTSE Straits Times Index rose for a third

straight session, up 0.4 percent, led by financials after data

showed the city-state's economy grew 12.3 percent in the fourth

quarter, beating the government's initial estimate of 9.1

percent..

The index gained 0.2 percent on the week.

United Overseas Bank Ltd rose 1.7 percent to close

at a two-month high, despite posting a fall in quarterly profit.

"UOB delivered the best 4Q16 result of its peers, punctuated

with what appeared to a proactive 'clean-up' of oil support

services sector asset quality," Citi Research said in a note.

Offshore oil-rig builder Keppel Corporation Ltd

gained 1.7 percent to close at its highest since Nov. 2015,

while Singapore Technologies Engineering Ltd jumped

6.5 percent to a near 22-month high.

Indonesian shares fell 0.5 percent to their lowest

in two weeks. The index lost 0.4 percent on the week.

Astra International Tbk PT, a conglomerate with

interests in the automobile sector, fell 2.5 percent to its

lowest since Jan 30,2017. Bank Mandiri (Persero) Tbk PT

fell for a third session, down 1.1 percent.

Philippines shares shed 0.5 percent, weighed down by

industrial and telecom stocks. The index gained 0.1 percent on

the week.

Telecom giant PLDT Inc was the biggest loser on the

index, down 2.7 percent. Conglomerate Aboitiz Equity Ventures

Inc shed 1.1 percent.

Thai shares ended marginally higher, eking out a

third session of gains, but ended the week 0.4 percent lower.

Telecom and consumer discretionary stocks led gains, with

Advanced Info Service PCL up 1.2 percent to close at

its highest in six months. PTT Pcl, the country's

biggest energy company, gained 0.5 percent.

For Asian Companies click;

SOUTHEAST ASIAN STOCK MARKETS: Change on the day

Market Current Prev close Pct Move

Singapore 3107.65 3096.69 0.35

Bangkok 1577.84 1576.05 0.11

Manila 7244.79 7283.25 -0.53

Jakarta 5350.932 5377.998 -0.50

Kuala Lumpur 1707.68 1707.59 0.01

Ho Chi Minh 707.83 709.35 -0.21

Change this year

Market Current End 2016 Pct Move

Singapore 3107.65 2880.76 7.88

Bangkok 1577.84 1542.94 2.26

Manila 7244.79 6840.64 5.90

Jakarta 5350.932 5296.711 1.02

Kuala Lumpur 1707.68 1641.73 4.02

Ho Chi Minh 707.83 664.87 6.46

(Reporting by Geo Tharappel in Bengaluru; Editing by Vyas

Mohan)