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AFX: SE Asia Stocks-Singapore drifts down, Thailand outperforms
 
BANGKOK, Oct 1 (Reuters) - Southeast Asian stock markets ended mixed on Thursday with Thailand outperforming on buying in banking shares while big capitalised companies such as Ayala Land, Axiata Group and Medco Energy led the way elsewhere.

Regional markets came off their days' high as trading volume declined amid caution over the pace of economic recovery.

Many investors took to the sidelines in an absence of leads from Hong Kong, which was closed for a market holiday, said Chaiyaporn Nompitakcharoen, head of research at Bualuang Securities in Bangkok.

"On top of the fund flows, the direction of major currency and economic numbers is still a major market factor. In the short term, we should not expect to see a strong market rally unless economic numbers are more convincing," he said.

Thailand's index climbed 1.4 percent, Malaysia's index added 0.5 percent, Indonesia's index was up 0.4 percent while the Philipines gained 1 percent.

Indexes in Singapore and Vietnam drifted into a negative territoy, sliding 0.6 percent and 2.1 percent, respectively.

In Singapore, losers were led by a 6.5 percent drop in telecom and cable TV provider Starhub after rival SingTel clinched the rights to broadcast English Premier League football in the city-state.

Singapore Telecommunications, Southeast Asia's largest telecommunication firm, gained 0.9 percent.

Index heavyweights fell, with CapitaLand down 1.6 percent and DBS Group Holdings nearly 2 percent lower.

In Jakarta, Bank Central Asia was up 4.3 percent, Bank Rakyat rose 2 percent and energy explorer Medco Energi Internasional jumped 6 percent following its plan to develop its second geothermal project this year.

In Bangkok, Siam Commercial Bank and Kasikornbank each gained more than 3 percent while the biggest, Bangkok Bank, jumped nearly 5 percent.

PTT and Siam Cement posted small gains of 0.4 percent and 0.5 percent, respectively, ahead of the government's appeal on Friday over a court order of industrial suspension projects on which they have operations.

"Money was moving out from energy and petrochemical shares to banks because investors wanted to put money in safe place," Bualuang's Chiyaporn said.

In Kuala Lumpur, Genting rose 2.3 percent and Axiata Group gained 1.6 percent.

In Manila, top developer Ayala Land climbed 4.4 percent, smaller peer Robinsons Land Corp jumped 7 percent and conglomerate Aboitiz group gained 4.2 percent.

In Hanoi, top insurer Bao Viet Holdings and Development Investment Construction each fell almost 5 percent. ($1=33.41 Baht) (Editing by Jason Szep) ((viparat.jantraprapaweth@thomsonreuters.com; +66 2 648 9733; Reuters Messaging: viparat.jantraprapaweth.thomsonreuters.com@reuters.net))
FACTORS TO WATCH: Ho Chi Minh Stock Exchange falls 2.05 pct Manila c.bank to hold rates, cautious on outlook Indonesia quake death toll may be thousands-minister Thai Bankchak cuts 2009 refining output target Builders, planters Malaysia's AmIslamic stock picks Surging Singapore home prices heighten bubble worries Indonesia's Medco plans second geothermal project For South East Asia Hot Stock reports, click; SOUTHEAST ASIAN STOCK MARKETS Change on the day Market Current Prev Close Pct Move Singapore 2657.44 2672.57 -0.57 Kuala Lumpur 1208.35 1202.08 +0.52 Bangkok 726.91 717.07 +1.37 Jakarta 2477.97 2467.59 +0.42 Manila 2829.02 2800.82 +1.01 Ho Chi Minh 568.99 580.90 -2.05 Change on year Market Current End prev yr Pct Move Singapore 2657.44 1761.56 +50.86 Kuala Lumpur 1208.35 876.75 +37.82 Bangkok 726.91 449.96 +61.55 Jakarta 2477.97 1355.40 +82.82 Manila 2829.02 1872.85 +51.05 Ho Chi Minh 568.99 315.62 +80.28 Stock Market Volume (shares) Market Current Volume Average Volume 90 days Singapore 287,798,500 409,300,303 Kuala Lumpur 68,876,500 227,397,471 Bangkok 4,752,570 4,506,549 Jakarta 2,758,515,000 6,704,559,217 Ho Chi Minh 65,332 53,282 ASIA-PACIFIC STOCK MARKETS: Pan-Asia........ Japan....... S.Korea... S.E. Asia....... Hong Kong... Taiwan.... Australia/NZ.... India....... China..... OTHER MARKETS: Wall Street.... Gold ....... Currency.. Eurostocks..... Oil ........ JP bonds... ADR Report ..... LME metals. US bonds.. Stocks News US.. Stocks News Europe DIARIES & DATA: IPO diary & data Asia earnings diary U.S. earnings diary European diary Singapore diary Wall Street Week Ahead Eurostocks Week Ahead TOP NEWS: For top Asian company news, double click on: U.S. company news European company news Forex news Global Economy news Banking news Tech,Media,Telecoms Politics/General news Asia Macro data A multimedia version of Reuters Top News is available at: http://topnews.session.rservices.com LIVE PRICES & DATA: World Stocks Currency rates Dow Jones/NASDAQ Nikkei FTSE 100 Debt (Local currency) LME price overview Keywords: MARKETS SOUTHEASTASIA STOCKS/
(If you have a query or comment on this story, send an email to news.feedback.asia@thomsonreuters.com)

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