* Singapore rebounds from early losses to end steady
* Indonesia gains dented by World Bank forecast cut -
analyst
* Thailand dragged by energy stocks as oil prices dip
By Rashmi Ashok
July 2 (Reuters) - The Philippine index led gains in the
region on Tuesday, boosted by last-minute buying in large-cap
stocks, followed by Malaysian shares, while other Southeast
Asian stock markets were subdued as lacklustre data stoked
worries about economic slowdown.
Disappointing manufacturing activity data for June from
various countries on Monday reflected signs of slowing economies
with activity across the United States and Europe sharply
slowing, while regional PMI data also missed the mark.
Philippine stocks .PSI saw a spurt of buying among
large-cap stocks just a few minutes before close. The index was
the top gainer in the region, ending 0.6% higher, after a
lacklustre performance for most of the session.
Investors purchased shares of index heavyweights such as JG
Summit Holdings JGS.PS , Aboitiz Power Corp AP.PS and SM
Investments Corp SM.PS ahead of session close. Shares of JG
Summit jumped about 1.5% in the last 10 minutes of Tuesday's
trade to close 1.8% higher.
Malaysian stocks .KLSE held on to early gains to end
higher, with tourist electric utilities provider Tenaga Nasional
TENA.KL adding 1.9%, while telco Axiata Group AXIA.KL closed
1% firmer.
Meanwhile, Indonesian stocks .JKSE flitted through the
session, but ended slightly firmer.
"Despite good news revolving around trade talks and the G20
meeting, the upside move today seems to be limited after World
Bank cut Indonesia's economic growth forecast to 5.1% from 5.2%
(in 2019)," said Anugerah Zamzami Nasr, equity research analyst,
PT Phillip Sekuritas Indonesia.
"Risks to Indonesia's growth projection have increased with
the recent re-escalation of global tensions that could further
weigh on world trade," a World Bank report added. Singapore shares .STI rebounded from early losses to end
flat as gains in large-caps - Jardine Matheson Holdings
JARD.SI and Jardine Strategic Holdings JSH.SI - helped the
index recover.
Vietnam's index .VNI closed lower, dragged by financial
stocks, while Thai shares .SETI were dented by losses in
energy stocks after crude prices dropped.
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SOUTHEAST ASIAN STOCK MARKETS
Change on the day
Market Current Previous close Pct Move
Singapore 3370.8 3372.26 -0.04
Bangkok 1732.23 1740.91 -0.50
Manila 8093.6 8043.71 0.62
Jakarta 6384.898 6379.688 0.08
Kuala Lumpur 1691 1683.62 0.44
Ho Chi Minh 961.98 965.61 -0.38
Change so far in 2019
Market Current End 2018 Pct Move
Singapore 3370.8 3068.76 9.84
Bangkok 1732.23 1563.88 10.76
Manila 8093.6 7,466.02 8.41
Jakarta 6384.898 6,194.50 3.07
Kuala Lumpur 1691 1690.58 0.02
Ho Chi Minh 961.98 892.54 7.78