* Philippines posts highest weekly gain in 11 weeks * Vietnam snaps three straight sessions of losses By Shreya Mariam Job March 22 (Reuters) - Most Southeast Asian stock markets ended higher on Friday, with Philippines rising to a near six-week closing peak amid expectation of monetary policy easing after the central bank cut its 2019 inflation forecast. Bangko Sentral Pilipinas (BSP) had adopted a rigorous rate hike cycle last year, between May and November, totalling 175 basis points in a bid to cool inflation rates that had reached a near-decade peak. "It (inflation forecast cut) is more of an indirect signal that BSP is ready to do some easing of monetary policy soon," said Rachelle C Cruz, an analyst with AP Securities. The Philippine benchmark stock index closed higher for a third session in a row and posted its highest weekly gain in 11 weeks. Shares of Universal Robina Corp gained 2.9 percent, while International Container Terminal Services Inc rose 2.3 percent. Thai stocks rose 0.8 percent to a three-week closing peak, buoyed by market heavyweights Siam Commercial Bank Pcl (SCB) and PTT Exploration and Production Pcl . Shares of Siam Commercial Bank closed 3.1 percent higher after the company said it had entered into exclusive talks with Hong Kong-based insurer FWD Group for the sale of its life insurance business, nearly two years after previous talks broke off. Shares of PTTEP ended 2 percent higher after the company bought oil and gas assets in Malaysia for $2.13 billion from Murphy Oil Corp. For the week, Thai shares gained 1.3 percent, snapping three weekly falls. Real estate stocks helped Vietnam snap three straight sessions of losses. Vinhomes JSC and Vingroup JSC rose 3.3 percent and 1.4 percent, respectively. Malaysian stocks closed higher for the first time in four sessions with telecom stocks leading the recovery, but lost 0.8 percent for the week. For Asian Companies click; SOUTHEAST ASIAN STOCK MARKETS Change on the day Market Current Previous Pct Move close Singapore 3212.1 3213.65 -0.05 Bangkok 1646.29 1634 0.75 Manila 8013.42 7954.72 0.74 Jakarta 6525.274 6501.776 0.36 Kuala Lumpur 1666.66 1663.66 0.18 Ho Chi Minh 988.71 981.78 0.71 Change so far in 2019 Market Current End 2018 Pct Move Singapore 3212.1 3068.76 4.67 Bangkok 1646.29 1563.88 5.27 Manila 8013.42 7,466.02 7.33 Jakarta 6525.274 6,194.50 5.34 Kuala Lumpur 1666.66 1690.58 -1.41 Ho Chi Minh 988.71 892.54 10.77 (Reporting by Shreya Mariam Job in Bengaluru; Editing by Subhranshu Sahu)
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