SE Asia Stocks-Global concerns weigh; late buying lifts Bangkok, Jakarta


BANGKOK, Oct 11 (Reuters) - Stocks in Malaysia, thePhilippines and Vietnam slipped in light trade on Thursday, ledby blue-chip stocks such as Axiata Group Bhd

and SMInvestments Corp, as investors, wary of weak globaleconomy, trimmed risks.

Singapore recouped earlier losses, helped by late buying inbeaten-down large caps, with the benchmark Straits Times Index

ending down 0.04 percent, sliding to a one-month low atone point after three straight sessions of declines.

Among actively traded, DBS Group Holdings

edged up0.2 percent after falling 2.4 percent in the last threesessions. Some bargain hunting emerged amid expectations of goodquarterly results by Southeast Asian companies.

In Bangkok, energy shares outperformed thanks to strongthird quarter (July-September) earnings forecasts, with energyexplorer PTT Exploration and Production Pcl

up 1.3percent while the broader SET index

up 0.4 percent.

Morgan Stanley expects upbeat third-quarter earnings acrossSoutheast Asian markets. The brokerage expects MSCI Thailand

to see the strongest year-on-year earningsgrowth at 34.6 percent, driven mostly by energy and financialcompanies, followed by Malaysia at 19.3 percent.

Concerns about high valuations have weighed on the region,with investors hunting risk shifting to markets that are exposedto global growth, encouraged by central banks pumping inliquidity.

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Change on dayMarket Current Prev Close Pct MoveTR SE Asia Index* 415.06 414.45 +0.15Singapore 3032.66 3033.81 -0.04Kuala Lumpur 1655.47 1659.40 -0.24Bangkok 1294.90 1289.35 +0.43Jakarta 4284.96 4280.01 +0.12Manila 5353.47 5369.60 -0.30Ho Chi Minh 394.19 394.66 -0.12Change on yearMarket Current End prev yr Pct MoveTR SE Asia Index* 415.06 346.30 +19.86Singapore 3032.66 2646.35 +14.60Kuala Lumpur 1655.47 1530.73 +8.15Bangkok 1294.90 1025.32 +26.29Jakarta 4284.96 3821.99 +12.11Manila 5353.47 4371.96 +22.45Ho Chi Minh 394.19 351.55 +12.13

* The Thomson Reuters South East Asia Index

is ahighly representative indicator of stocks listed in Indonesia,Malaysia, the Philippines, Singapore, Thailand and Vietnam.

Stock Market Volume (shares)Market Current Volume Average Volume 30 daysSingapore 227,017,600 301,545,727Kuala Lumpur 96,375,400 155,221,497Bangkok 8,374,926 6,579,991Jakarta 4,455,219,500 3,475,537,500Manila 82,428 86,466Ho Chi Minh 45,279 38,085

(Reporting by Viparat Jantraprap; Editing by Anand Basu)

((viparat.jantraprapaweth@thomsonreuters.com +66 2 648 9733Reuters Messaging:viparat.jantraprapaweth.thomsonreuters.com@reuters.net))