SE Asia Stocks-Largely subdued ahead of U.S. payroll data

By Sindhu Chandrasekaran

Dec 2 (Reuters) - Most Southeast Asian stock markets were

largely subdued on Friday as investors remained cautious ahead

of the U.S. payrolls data later in the day.

Nonfarm payrolls are expected to increase by 175,000 in

November after rising 161,000 in October, according to a Reuters

survey of economists.

The data will serve as further evidence of improvement in

the U.S. economy, strengthening the possibility of an interest

rate hike by the Fed at its meeting on Dec. 13-14.

Doubts over Thursday's Organization of the Petroleum

Exporting Countries (OPEC) deal also affected sentiment.

Traders doubt whether the agreement will suffice to ease the

glut as it may only draw more supplies from storage tanks and

more crude shipments from the United States, Trimegah Securities

said in a note.

Oil fell as much as 1.45 percent on Friday as some investors

opted to cash out after Brent touched a 16-month high on

Thursday, with optimism over this week's OPEC-Russia accord on

cutting output giving way to questions on the "sticking point"

of implementing the deal.

Indonesia ended 0.9 percent higher, extending gains

to a fourth session, helped by financials. Indonesian shares

have gained 2.4 percent this week, their highest weekly gain

since the week ended Aug. 5.

Industry data released on Wednesday showed that Indonesia,

the world's No.3 producer of cocoa, exported 5,970 tonnes of the

chocolate ingredient in November from the island of Sulawesi,

more than double the amount of a year ago

Singapore ended 0.3 percent lower, snapping eight

sessions of gains, with telecommunication service leading the

losses. Singapore Telecommunications Ltd dropped 1.3

percent.

The FTSE Straits Times Index ended 2.1 percent higher this

week, posting its highest weekly gain since Sept. 9.

Vietnam closed marginally lower after two consecutive

sessions of gains, dragged down by consumer staples and

utilities.

Philippines and Malaysia rose marginally

while Thailand shed 0.7 percent.

For Asian Companies click;

SOUTHEAST ASIAN STOCK MARKETS: change on day

Market Current previous Pct Move

close

Singapore 2919.37 2928.58 -0.31

Bangkok 1501.66 1512.38 -0.71

Manila 6886.74 6864.87 0.32

Jakarta 5245.956 5198.755 0.91

Kuala Lumpur 1628.96 1626.44 0.15

Ho Chi Minh 665.14 666.54 -0.21

Change this

year

Market Current End 2015 Pct Move

Singapore 2919.37 2882.73 1.27

Bangkok 1501.66 1288.02 16.59

Manila 6886.74 6952.08 -0.94

Jakarta 5245.956 4593.008 14.22

Kuala Lumpur 1628.96 1692.51 -3.75

Ho Chi Minh 665.14 579.03 14.87

(Reporting by Sindhu Chandrasekaran; Editing by Vyas Mohan)