* Indonesian shares fall on telco, utility stocks
* Thai September exports fall 1.5%
* Malaysian stocks gain over 1%
By Anushka Trivedi
Oct 31 (Reuters) - Indonesian shares fell over 1% on
Thursday, weighed down by telecom and utility stocks, while
Malaysia gained on strength in the country's banking sector
after an upbeat review by its central bank.
The Jakarta index .JKSE closed at its lowest in over a
week as poor earnings from Indonesia's third biggest company
Telekomunikasi Indonesia (Persero) Tbk PT TLKM.JK dragged the
telco sector lower.
Telkom Indonesia reported a 4.4% fall in third-quarter
revenue, missing Jefferies estimates, as sales from its data and
internet segment decelerated. Meanwhile, a 13.5% drop in natural gas distributor
Perusahaan Gas Negara Tbk PT PGAS.JK , following multiple local
reports about the government blocking PGAS's plans to raise gas
prices also tugged on the index.
An index of Jakarta's 45 most liquid stocks .JKLQ45 ended
1.4% lower.
Thai shares .SETI pared early gains to end the session
flat after export growth for September came in 1.5% lower.
The index lost 2.2% this month.
Meanwhile, Malaysian shares .KSLE gained 1.1%, buoyed by
financials.
Bank Negara Malaysia in its monthly report said it expected
banking institutions to withstand severe macroeconomic and
financial shocks as they are armed with excess capital buffers.
(https:// Public Bank Bhd PUBM.KL jumped 4.6%, while CIMB Group
Holdings Bhd CIMB.KL rose 3.1%.
Philippines .PSI shaved off 0.5%, with heavyweights Ayala
Land Inc ALI.PS and Bank of the Philippine Islands BPI.PS
losing 2% and 2.9%, respectively.
The benchmark, however, added 2.6% this month.
"The market in general was relatively stronger in last few
days, particularly the financials ... so I think today is just
profit taking in the market," Charles William Ang, associate
analyst at COL Financial Group said.
Property developer Ayala Land added 2.2% in the past three
sessions, whereas BPI gained 3%, compared with a 1.2% jump in
the index.
Singapore shares .STI advanced 0.7% to their highest in
nearly three months, helped by financial stocks. The benchmark
added 3.6% for the month.
For Asian Companies click; ASIAN STOCK MARKETS
Change on the day
Market Current Previous close Pct Move
Singapore 3229.88 3207.92 0.68
Bangkok 1601.49 1601.83 -0.02
Manila 7977.12 8020.06 -0.54
Jakarta 6228.317 6295.747 -1.07
Kuala Lumpur 1597.98 1580 1.14
Ho Chi Minh 998.82 1000.89 -0.21
Change so far in 2019
Market Current End 2018 Pct Move
Singapore 3229.88 3068.76 5.25
Bangkok 1601.49 1563.88 2.40
Manila 7977.12 7,466.02 6.85
Jakarta 6228.317 6,194.50 0.55
Kuala Lumpur 1597.98 1690.58 -5.48
Ho Chi Minh 998.82 892.54 11.91