* Philippine Nov exports down 0.7% y/y
* Malaysia Nov industrial production index up 2% y/y
* Singapore posts third straight weekly gain
By Sameer Manekar
Jan 10 (Reuters) - Most Southeast Asian stock markets ended
a turbulent week in largely positive territory on Friday as
investors turned their attention toward economic data from the
United States, while Philippines fell on bleak trade print in
November.
U.S. non-farm payrolls in December, expected later in the
day, are likely to increase by 164,000, according to a Reuters
survey, compared with a surge of 266,000 in the previous month.
The data comes ahead of the anticipated signing of a Phase 1
trade deal between the United States and China on Jan. 15, with
investors hoping this could ease tensions between the world's
two largest economies that has hampered global growth.
"With U.S. economic growth mostly dependent on the consumer,
a healthy labor market is crucial to any constructive "risk-on"
narrative," said Stephen Innes, a market strategist at
AxiTrader.
Malaysia's benchmark index .KLSE ended the week 1.2%
lower, after posting five straight weekly gains.
Industrial production index rose 2% in November from a year
earlier, while palm oil production in Malaysia, the world's
second-largest palm producer, fell 13% on-month in December, its
lowest since June 2018. Telecom and utility firms dragged the index, with Axiata
Group AXIA.KL losing 1.9%, while Petronas Gas PGAS.KL fell
0.9%.
The Philippine bourse .PSI trimmed most of its losses from
earlier in the session to end 0.3% lower.
Data showed the country's trade deficit widening to $3.34
billion in November from previous month's deficit of $3.25
billion, with the exports falling 0.7% from last year.
Ayala Land ALI.PS shed 1.4%, while industrial conglomerate
JG Summit Holdings JGS.PS led declines in the industrial
sector, losing 2.8%.
Vietnam stocks .VNI ended at a six-week high, lifted by
major gains in financial sector. Vietnam JSC Bank for Industry
and Trade CTG.HM and Bank for Investment and Development of
Vietnam BID.HM gained 4.9% and 3.3%, respectively.
Singapore shares .STI closed at a near two-month high, and
posted a third consecutive weekly gain.
Gains in the financial sector kept the index in positive
territory on Friday, with heavyweight DBS Group Holdings
DBSM.SI rising 0.5%, while Singapore Telecommunications
STEL.SI fell 1.2%, weighing on the benchmark.
Thai stocks .SETI ended the week 0.9% lower, while
Indonesian shares .JKSE posted their worst weekly fall in six
weeks.
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SOUTHEAST ASIAN STOCK MARKETS
Market Current Previous close Pct Move
Singapore 3255.95 3247.48 0.26
Bangkok 1580.63 1579.64 0.06
Manila 7776.77 7797.64 -0.27
Jakarta 6274.941 6274.493 0.01
Kuala Lumpur 1591.46 1595.65 -0.26
Ho Chi Minh 968.54 960.15 0.87
Change so far in 2020
Market Current End 2019 Pct Move
Singapore 3255.95 3222.83 1.03
Bangkok 1580.63 1579.84 0.05
Manila 7776.77 7,815.26 -0.49
Jakarta 6274.941 6,299.54 -0.39
Kuala Lumpur 1591.46 1588.76 0.17
Ho Chi Minh 968.54 960.99 0.79