SE Asia Stocks-Mixed; energy shares track gains in oil prices

BANGKOK, Nov 25 (Reuters) - Southeast Asian stock markets

were mixed on Wednesday, with Singapore lower after the

government softened its growth outlook for the year, while the

Philippines hit a near two-week high after upbeat imports data.

The key Straits Times Index fell 0.9 percent, erasing

gains made in the previous session when it closed at a more than

one-week high. Shares of Genting Singapore, among

recent gainers, dropped almost 3 percent.

Singapore's economy grew much faster than initially

estimated in the third quarter due to a solid service sector,

data showed on Wednesday, but the government softened its growth

outlook for the year amid sluggish global demand.

The Philippine Composite Index rose 0.7 percent to a

near two-week high after data showed imports rose for a fourth

straight month in September, reflecting strong domestic activity

and bolstering the outlook for exports, according to local

dealers.

Strength in global oil prices lifted a number of regional

energy shares. Shares of Philippine Energy Development Corp

and Malaysia's Bumi Armada were among top

gainers on the MSCI index of Southeast Asia.

In Bangkok, gains in top oil and gas firm PTT

helped the key SET index trim some early losses.

"Overseas geopolitical concerns may lead Thai stocks to the

downside today but soaring oil prices should however give energy

counters a lift and in turn lend some support to the broad

market," said broker Phillip Securities in a report.

In Jakarta, the broader index advanced 0.5 percent,

with foreign-led buying boosting shares of Bank Rakyat Indonesia

and Telkom Indonesia.

"Higher oil prices which would support other commodity

prices and in turn allow for higher farmers' incomes have

resulted in positive sentiment for the market," said Harry Su,

head of research at broker Bahana Securities in Jakarta.

Vietnam was down 0.1 percent after hitting the lowest

since Oct. 12 earlier in the day.

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SOUTHEAST ASIAN STOCK MARKETS

Change at 0512 GMT

Market Current Prev Close Pct Move

Singapore 2896.72 2923.49 -0.92

Kuala Lumpur 1680.50 1677.03 +0.21

Bangkok 1383.10 1384.92 -0.13

Jakarta 4569.91 4545.37 +0.54

Manila 7038.66 6992.60 +0.66

Ho Chi Minh 593.23 593.83 -0.10

(Reporting by Viparat Jantraprap; Additional reporting by Karen

Lema in Manila; Editing by Subhranshu Sahu)