August 17, 2017 / 10:27 AM / a year ago

SE Asia Stocks-Philippines up on strong growth data; others subdued

    By Urvashi Goenka
    Aug 17 (Reuters) - Philippine shares ended higher on
Thursday after data showed the economy grew at a sizzling pace
in the second quarter, while trading was subdued in most other
markets in Southeast Asia as investors awaited GDP growth
    Philippine shares rose 0.3 percent to a three-week
closing high, as the second-quarter GDP growth topped
expectations on strength in the industrial sector and a recovery
in agriculture.
    Financials and real estate stocks led the gains, with BDO
Unibank rising 1.4 percent and Metro Pacific
Investments up 1.2 percent.
    "Markets are basically reacting to the second-quarter GDP
figures," said Lexter Azurin, a senior analyst with Manila-based
AB Capital Securities.
    Meanwhile, MSCI's broadest index of Asia-Pacific shares
outside Japan rose 0.4 percent.
    The minutes of the U.S. Federal Reserve's last meeting
showed on Wednesday that policymakers were concerned about weak
inflation, indicating the Fed may slow the pace of rate hikes.

    Malaysian stocks edged up 0.1 percent, helped by
materials and financials, with Petronas Chemicals Group
 and AMMB Holdings being the top performers
on the index.
    Malaysia's economy is expected to have grown at a slightly
slower pace in the second quarter due to weaker private
consumption, even as trade remained robust.
    Malaysia's GDP data is due Friday. 
    Thailand edged up 0.1 percent as gains in healthcare
were offset by losses in industrials and telecom stocks.
    Thailand's economic growth is expected to have cooled
slightly in the second quarter as public and private investment
slowed, offsetting some of the boost from stronger exports and
tourism, a Reuters poll showed.
    Thailand GDP data is due Monday.
    Meanwhile Singapore shares closed 0.3 percent lower,
extending losses to a third day, hurt by real estate and
    Indonesia was closed for a holiday.
For Asian Companies click;  

  Change on day                                       
  Market           Current       previous     Pct Move
  Singapore        3268.88       3278.95      -0.31
  Bangkok          1568.95       1567.52      0.09
  Manila           8072.75       8046.59      0.33
  Kuala Lumpur     1776.31       1773.75      0.14
  Ho Chi Minh      767.59        773.57       -0.77
  Change on year                              
  Market           Current       End 2016     Pct Move
  Singapore        3268.88       2880.76      13.47
  Bangkok          1568.95       1542.94      1.69
  Manila           8072.75       6840.64      18.0
  Kuala Lumpur     1776.31       1641.73      8.20
  Ho Chi Minh      767.59        664.87       15.4
 (Reporting by Urvashi Goenka; Editing by Amrutha Gayathri)
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