SE Asia Stocks - Thai trims gains; Bank Mandiri leads Indonesia decline

Reuters

BANGKOK, Jan 12 (Reuters) - Thai stocks edged higher on

Monday, helped by selective buying in a results season, but

large-cap energy stocks fell as declining oil prices dented

earnings prospects.

Most other markets in Southeast Asia ended little-changed to

weaker, with the Indonesian index snapping a three-day

winning streak and the Philippines also retreating.

The Thai benchmark SET index closed up 0.12 percent

at 1,531.21, coming off an intraday high of 1,538.93. TMB Bank

rose almost 3 percent on expectations of good quarterly

earnings.

Thai banks are due to report their quarterly results from

this week.

PTT, the country's biggest energy firm, fell 1.5

percent to a low of 333 baht, while PTT Global Chemical

slipped 1.8 percent.

The Jakarta composite index finished 0.6 percent

down at 5,187.93, its lowest close in nearly one week.

State-owned Bank Mandiri dropped 2.7 percent, its

biggest single-day fall since Dec. 16. The bank will increase

its capital by 9 trillion rupiah ($714.6 million), state

enterprises minister Rini Soemarno said.

The Philippine main index retreated from a record

close on Friday as domestic investors cashed out from recent

gainers such as Metropolitan Bank & Trust, stock

exchange data showed.

The Philippine bourse reported net foreign inflows of 13.5

billion pesos ($300.5 million), mainly due to a series of block

sales involving Ayala Land Inc, which raised about $357

million from a top-up share placement.

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SOUTHEAST ASIAN STOCK MARKETS

Change on day

Market Current Prev Close Pct Move

Singapore 3344.89 3338.44 +0.19

Kuala Lumpur 1735.08 1732.44 +0.15

Bangkok 1531.21 1529.42 +0.12

Jakarta 5187.93 5216.67 -0.55

Manila 7358.36 7402.72 -0.60

Ho Chi Minh 574.32 569.73 +0.81

Change on year

Market Current End 2014 Pct Move

Singapore 3344.89 3365.15 -0.60

Kuala Lumpur 1735.08 1761.25 -1.49

Bangkok 1531.21 1497.67 +2.24

Jakarta 5187.93 5226.95 -0.75

Manila 7358.36 7230.57 +1.77

Ho Chi Minh 574.32 545.63 +5.26

($1 = 44.9230 Philippine pesos)

(Reporting by Viparat Jantraprap; Additional reporting by Erik

dela Cruz in Manila; Editing by Prateek Chatterjee)