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SE Asia Stocks-Most markets up on earnings expectations

Published: 23 Oct 2009 03:26:20 PST

* Jakarta extends gains in late trade

* Vietnam bucks the trend, weighed down by blue chips

JAKARTA, Oct 23 - Major Southeast Asian stock markets ended up on Friday, rebounding from a three-day sell off as investors responded to positive earnings from U.S. and Asian companies.

Indonesia's index <.JKSE> ended 1.43 percent higher, with coal miner Adaro Energy <ADRO.JK> jumping 6.58 percent, helped by a recommendation from Goldman Sachs, while top automotive distributor Astra International <ASII.JK> rose 4.15 percent.

The Jakarta market, which rebounded from falls earlier this week, saw gains accelerate in the last few minutes of trade.

Singapore <.FTSTI> rose 1.2 percent, helped by a 3.6 percent gain in commodities firm Noble Group <NOBG.SI>, which has just completed a $2.4 billion three-tranche financing, the largest syndicated loan in Asia ex-Australia so far this year. [ID:nHKG293756]

Noble said on Friday that coal sales at its subsidiary Gloucester Coal Ltd rose 5 percent in its latest quarter, showing signs of recovery.

"Sentiment is good, in view of the fact that it's better corporate earnings for many of the major companies," said Gabriel Yap, Senior Dealing Director, of DMG Securities in Singapore.

"Of course with a better positioning in the U.S. market, because the futures are up, things are looking good," he added.

Stock index futures pointed to a slightly higher open for Wall Street on Friday, as investors awaited results from software giant Microsoft <MSFT.O> and data on home sales.

At 0857 GMT, futures for the Dow Jones <DJc1>, S&P 500 <SPc1> and Nasdaq <NDc1> were between 0.1 to 0.3 percent higher.

Manila's main stock index <.PSI> added 1.53 percent, boosted by a 4.24 percent increase in mall-to banking group SM Investments Corp <SM.PS> and geothermal energy producer Energy Development Corp <EDC.PS>, which gained 2.56 percent.

Vietnam <.VNI> bucked the firmer regional trend by falling 1.35 percent, weighed down by confectionary maker Kinh Do Corp <KDC.HM>, which lost 5 percent, and dairy firm Vinamilk <VNM.HM>, shedding 0.58 percent.

In Malaysia, the main index <.KLSE> ended up 0.56 percent, with conglomerate Sime Darby <SIME.KL> up 2.37 percent and CIMB Group <CIMB.KL> up 1.43 percent.

Bangkok's market <.SETI> was closed for a holiday on Friday. It closed down 1.06 percent at 708.76 points on Thursday. ($1 = 9,485 rupiah) (Editing by Ed Davies) FACTORS TO WATCH: Malaysia's Maxis eyes $3.7 bln from IPO

[nKLR483842] C.Suisse,Deutsche bookrunners for CapitaLand unit IPO[nSIN443645] ASEAN focuses on rights, trade amid tight security [nBKK508817] Thai rates to rise late 2010 at earliest [nBKK312513] Thai king makes first appearance in over a month [nBKK462708] For South East Asia Hot Stock reports, click; [.SI] [.KL] [.BK] SOUTHEAST ASIAN STOCK MARKETS Change on the day Market Current Prev Close Pct Move Singapore 2715.34 2681.97 1.24 Kuala Lumpur 1267.10 1260.02 0.56 Bangkok 708.76 716.35 (closed) Jakarta 2467.95 2433.18 1.43 Manila 2932.99 2888.72 1.53 Ho Chi Minh 615.68 624.10 -1.35 Change on year Market Current End prev yr Pct Move Singapore 2715.34 1761.56 +54.14 Kuala Lumpur 1267.10 876.75 +44.52 Bangkok 708.76 449.96 +57.52 (closed) Jakarta 2467.95 1355.40 +82.08 Manila 2932.99 1872.85 +56.61 Ho Chi Minh 615.68 315.62 +95.07 Stock Market Volume (shares) Market Current Volume Average Volume 90 days Singapore 273,457,500 370,578,304 Kuala Lumpur 110,653,800 156,325,598 Bangkok 2,982,748 4,575,457 Jakarta 4,462,989,500 5,809,227,300 Ho Chi Minh 137,061 56,606 ASIA-PACIFIC STOCK MARKETS: Pan-Asia........[STXNEWS/AS] Japan.......[.T] S.Korea...[.KS] S.E. Asia.......[.SO] Hong Kong...[.HK] Taiwan....[.TW] Australia/NZ....[.AX] India.......[.BO] China.....[.SS]

OTHER MARKETS: Wall Street....[.N] Gold .......[GOL/] Currency..[FRX/] Eurostocks.....[.EU] Oil ........[O/R] JP bonds...[JP/] ADR Report .....[ADR/] LME metals.[MET/L] US bonds.. [US/] Stocks News US..[STXNEWS/US] Stocks News Europe [STXNEWS/EU]

DIARIES & DATA: IPO diary & data <SG/IPOMENU> Asia earnings diary [ASIA/EQTY] U.S. earnings diary [RESF/US] European diary [WEU/EQTY] Singapore diary [SG/DIARY] Wall Street Week Ahead [.N/O] Eurostocks Week Ahead [.EU/O]

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