SE Asia Stocks-Vietnam sheds nearly 1 pct; Thailand gains for 6th session

By Devika Syamnath

Oct 31 (Reuters) - Southeast Asian stocks were largely

subdued on Tuesday after data showed China's factory growth

slowed more than expected in October, with Vietnam dropping

nearly 1 percent, while Thailand gained for the sixth session on

strong industrial output data.

In Vietnam, real estate developer FLC Faros Constructions

fell 4.6 percent after briefly touching a record high

earlier in the session, dragging the main index.

The builder said its third-quarter net profit fell 20.8

percent, year over year.

"A purely speculative stock in the Vietnamese market that

has been going up ceiling after ceiling in the last

week-and-a-half has become one of the largest companies on the

stock market and so has an exaggerated impact on the index,"

said Fiachra Mac Cana, head of research at Ho Chi Minh

Securities.

Singapore shares closed down 0.1 percent, with the

city-state's largest mobile network operator Singtel

pulling down the index.

The index gained 4.8 percent this month, after two straight

months of losses.

"Southeast Asian markets fared mixed as the fall in China

PMI numbers... affected the economies with strong trade ties

with China namely Malaysia, Singapore and Vietnam," said Redza

Rahman, head of research at MDIF.

Growth in China's manufacturing sector cooled more than

expected in October in the face of tighter pollution rules that

are forcing many steel mills, smelters and factories to curtail

production over the winter.

Meanwhile, Thai shares closed 0.2 percent higher,

buoyed by industrials and energy stocks.

Thailand's industrial output rose for a third straight month

in September on an annual basis, beating forecasts. The

country's October inflation data is due on Wednesday.

Airports of Thailand rose 1.7 percent, while

renewable energy company Energy Absolute surged 8.1

percent.

The Thai index has risen nearly 3 percent this month,

marking its fifth straight monthly gain.

Indonesian shares snapped three straight sessions of

declines to close 0.5 percent firmer.

The index has risen 1.8 percent this month, its ninth

straight monthly gain.

Bank Central Asia, the country's largest lender by

market value, led the gains and rose 2.3 percent, while Chandra

Asri Petrochemical surged 7 percent.

The Philippine stock market was closed on Tuesday and

will remain shut on Wednesday on account of public holidays.

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SOUTHEAST ASIAN STOCK MARKETS

Change on day

Market Current Previous Pct Move

close

Singapore 3374.08 3375.97 -0.06

Bangkok 1721.37 1718.66 0.16

Jakarta 6005.784 5974.077 0.53

Kuala Lumpur 1747.92 1748.35 -0.02

Ho Chi Minh 837.28 845.2 -0.94

Change on year

Market Current End 2016 Pct Move

Singapore 3374.08 2880.76 17.12

Bangkok 1721.37 1542.94 11.56

Jakarta 6005.784 5296.711 13.39

Kuala Lumpur 1747.92 1641.73 6.47

Ho Chi Minh 837.28 664.87 25.93

(Reporting by Devika Syamnath; Editing by Amrutha Gayathri)