SE Asia Stocks-Indonesia near 1-month high; others weak

BANGKOK, Nov 26 (Reuters) - Most Southeast Asian stock

markets declined on Thursday, with Indonesia touching its

highest level in nearly one month, led by Medco Energi

Internasional, while the Philippines fell after

third-quarter GDP data.

The Jakarta Composite Index was up 0.7 percent at

4,616.22, after climbing at one point to its highest since Oct.

28.

Medco shares, the biggest percentage gainers, surged 16

percent after news that the energy company was eyeing a majority

stake in a unit of Newmont Mining Corp.

Shares of Bank Mandiri jumped 3.6 percent and

Telkom Indonesia gained 1.6 percent, amid foreigners'

buying, Thomson Reuters data showed.

Nomura said in a report dated Nov. 25 that it had a more

positive bias on the Indonesian market heading into 2016, partly

reflecting a higher likelihood of infrastructure delivery in the

year.

The Philippine index was down 0.02 percent. The

Philippine economy grew slightly slower than expected in the

third quarter but remains on track to be one of Asia's fastest

growing economies this year, gross domestic product data

released on Thursday showed.

Stocks in Singapore, Malaysia, Thailand

and Vietnam drifted lower in range-bound trading.

Asian shares rose slightly after Wall Street put in a nearly

flat performance ahead of the U.S. Thanksgiving holiday.

"Investors may also hold back trade ahead of the year-end

holidays. Eyes are on the ECB meeting, and the release of key

U.S. indicators next week, which could affect the Fed's decision

at the Dec. 15-16 meeting," said broker Krungsri Securities in

Bangkok.

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SOUTHEAST ASIAN STOCK MARKETS

Change at 0712 GMT

Market Current Prev Close Pct Move

Singapore 2886.16 2891.58 -0.19

Kuala Lumpur 1682.70 1684.42 -0.10

Bangkok 1383.73 1381.46 -0.20

Jakarta 4616.22 4585.54 +0.67

Manila 7057.55 7059.14 -0.02

Ho Chi Minh 592.45 595.70 -0.55

(Reporting by Viparat Jantraprap; Editing by Subhranshu Sahu)