* Singapore, Philippines gain about 10% over the week
* Thailand gains most in a week since April 10
* Philippine snaps 7-day win streak
By Arundhati Dutta
June 5 (Reuters) - Most Southeast Asian stock markets ended
higher on Friday, booking strong weekly gains, as easing
coronavirus restrictions and a clutch of stimulus support fed
hopes for an economic recovery.
Stocks in Singapore, Malaysia and the Philippines marked
their best week in more than a decade, while the Thai bourse
posted its biggest weekly gain since April this year.
Over the week, regional governments reopened their
coronavirus-stricken economies by easing mobility curbs, with
multi-billion dollar stimulus packages in Indonesia and
Philippines also boosting sentiment. Leading the gains on Friday, Singapore shares .STI jumped
1.6% as financial and industrial sectors advanced. Conglomerate
Jardine Matheson Holdings JARD.SI firmed 4.7%, while Singapore
Telecommunications Ltd STEL.SI strengthened 2%.
The city-state's benchmark gained nearly 10% over the week,
its biggest weekly jump since May 2009.
Thai stocks .SETI rose 1.8% on Friday and nearly 7% this
week, as the heavyweight energy sector gained on the back of
higher oil prices.
Philippine shares .PSI lost 0.8% on Friday, ending their
seven-session winning run. They added 11% this week.
Ruben Carlo Asuncion, chief economist at UnionBank of the
Philippines, said investors were booking profits after a rally
that saw index add nearly 20% in seven days.
The index has gained about 60% since it hit a near decade
low in March.
Indonesian shares .JKSE posted a weekly rise of 4.1%,
boosted by fiscal measures announced by the government earlier
in the week. Malaysia's benchmark index .KLSE edged lower on Friday,
snapping a seven-day winning streak. The index, however, firmed
5.6% over the week, its biggest weekly gain since March 2008.
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SOUTHEAST ASIAN STOCK MARKETS
Change on the day
Market Current Previous Pct Move
close
Singapore 2751.5 2707.2 1.64
Bangkok 1435.7 1411.01 1.75
Manila 6465.13 6517.49 -0.80
Jakarta 4947.782 4916.704 0.63
Kuala Lumpur 1556.33 1561.84 -0.35
Ho Chi Minh 886.22 883.9 0.26
Change so far in
2020
Market Current End 2019 Pct Move
Singapore 2751.5 3222.83 -14.62
Bangkok 1435.7 1579.84 -9.12
Manila 6465.13 7,815.26 -17.28
Jakarta 4947.782 6,299.54 -21.46
Kuala Lumpur 1556.33 1588.76 -2.04
Ho Chi Minh 886.22 960.99 -7.78