By Geo Tharappel
Feb 17 (Reuters) - Singapore stocks .STI 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 .STI 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. urn:newsml:reuters.com:*:nS7N1CF01K urn:newsml:reuters.com:*:nS7N1CF01L.
The index gained 0.2 percent on the week.
United Overseas Bank Ltd UOBH.SI 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 KPLM.SI
gained 1.7 percent to close at its highest since Nov. 2015,
while Singapore Technologies Engineering Ltd STEG.SI jumped
6.5 percent to a near 22-month high.
Indonesian shares .JKSE fell 0.5 percent to their lowest
in two weeks. The index lost 0.4 percent on the week.
Astra International Tbk PT ASII.JK , a conglomerate with
interests in the automobile sector, fell 2.5 percent to its
lowest since Jan 30,2017. Bank Mandiri (Persero) Tbk PT
BMRI.JK fell for a third session, down 1.1 percent.
Philippines shares .PSI shed 0.5 percent, weighed down by
industrial and telecom stocks. The index gained 0.1 percent on
Telecom giant PLDT Inc TEL.PS was the biggest loser on the
index, down 2.7 percent. Conglomerate Aboitiz Equity Ventures
Inc AEV.PS shed 1.1 percent.
Thai shares .SETI 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 ADVANC.BK up 1.2 percent to close at
its highest in six months. PTT Pcl PTT.BK , the country's
biggest energy company, gained 0.5 percent.
For Asian Companies click; urn:newsml:reuters.com:*:nTOPEQA
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
((Geo.Tharappel@thomsonreuters.com ; +91 80 6749 1130;)(Reuters
Keywords: SOUTHEAST ASIA STOCKS/