SE Asia Stocks-Weak; Thai shares fall ahead of amnesty bill debate

BANGKOK, Nov 8 (Reuters) - Thai stocks fell on Friday and

were poised for a third straight loss on the week, ahead of the

Senate's debate on a political amnesty bill later in the day,

while others in Southeast Asia drifted into negative territory

amid weak global sentiment.

The Thai key SET index was down 1.2 percent at

1,407.73, with the political uncertainty weighing on

consumption-related stocks, led by shares of Big C Supercenter

Pcl and Advanced Info Service Pcl.

The benchmark is set to post a weekly loss of 1.5 percent,

and is among the region's underperformers, adding on a combined

3.8 percent slide over the past two weeks.

"The consensus view at the moment is the Senate will reject

the bill and send it back to the lower house. If it happens to

accept the bill, the market sentiment will worsen as

anti-government protests are likely to intensify,..."

strategists at broker KGI Securities said in a report.

The Philippine index slid 1 percent to the lowest

level since Oct. 4 and was on track for a drop of 3.3 percent on

the week, with foreign investors withdrawing a net $31 million

in the week to Thursday, Thomson Reuters data showed.

Stocks in Indonesia edged down 0.5 percent, trimming

their gains so far on the week to 0.7 percent.

Indonesia is on track to outperform regional peers this

week, helped by strong private consumption data in the third

quarter and the government's plans to boost foreign investment,

which analysts said could help improve its current account

balance.

The Malaysia index was nearly unchanged, recovering

from early losses, amid selective buying in a reporting season.

Shares of MISC Bhd climbed 1.2 percent, the second

biggest percentage gainer on the benchmark, after the oil and

gas services firm reported a strong rise in core net profit for

the third quarter.

In Singapore, the Straits Times Index eased 0.5

percent, led by a 2.7 percent drop in shares of Singapore

Technologies Engineering Ltd, which reported a 10

percent fall in third-quarter profit and on a weak outlook.

"Management indicated that the US government shutdown may

indirectly push some milestone completions and contract wins

from the fourth quarter of 2013 into 2014 due to slower approval

of permits," said broker OCBC Investment Research in a report.

Among the weak spots, Indonesia's Indosat slipped

7 percent after index provider MSCI announced on its website the

stock would be deleted from the MSCI global standard indices as

of the close of Nov. 26.

Among stocks that made it into the MSCI's list, Indonesian

TV operator Surya Citra Media surged 11.2 percent,

while Philippine conglomerate JG Summit Holdings Inc

jumped 6.8 percent and Bangkok SkyTrain operator BTS Group

Holdings Pcl rose 1.7 percent.

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SOUTHEAST ASIAN STOCK MARKETS

Change at 0532 GMT

Market Current Prev Close Pct Move

TR SE Asia Index* 413.77 416.68 -0.70

Singapore 3185.75 3202.10 -0.51

Kuala Lumpur 1805.36 1806.61 -0.07

Bangkok 1407.73 1425.23 -1.23

Jakarta 4464.07 4486.11 -0.49

Manila 6369.41 6436.49 -1.04

Ho Chi Minh 498.85 499.86 -0.20