SE Asia Stocks-Flat to weaker; Thai SET at new low amid political jitters

BANGKOK, Nov 22 (Reuters) - Most Southeast Asian stocks

traded flat to weaker on Friday as investors were wary of the

prospect of a stimulus cut in the United States, with Thai

stocks sliding to fresh 11-week lows amid concerns about

domestic political uncertainty.

Thai SET index was down 0.6 percent at 1,368.24, the

lowest since Sept. 9, after three consecutive days of falls and

was on track to end the week almost 4 percent lower,

underperforming most regional peers.

Strategists at broker KGI Securities expect trading to be

slow ahead of the anti-government rally on Nov. 24.

"Chance for strong recovery is still low due to political

confrontations in Thailand. Risk is higher that the major

investment bill worth 2.0 trillion baht will be blocked at the

court is higher," they wrote in a report.

Shares in large-scale builders including Ch Karnchang Pcl

, Italian Thai Development Pcl and Sino Thai

Engineering and Construction Pcl all traded lower.

In typhoon-hit Philippines, the stock market edged

down 0.3 percent, poised for a weekly loss of 3.8 percent, while

Singapore shares inched down 0.2 percent, set for a

weekly loss of 1 percent.

Stocks in Indonesia and Malaysia pared early

losses to trade nearly unchanged.

Among the bright spots, shares of Malayan Banking

gained 0.6 percent, coming off a near 7-month low hit in the

previous session, after Southeast Asia's fourth-biggest lender

by assets posted its highest quarterly profit since its 1960s

opening.

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SOUTHEAST ASIAN STOCK MARKETS

Change at 0423 GMT

Market Current Prev Close Pct Move

TR SE Asia Index* 400.65 401.81 -0.29

Singapore 3166.40 3172.38 -0.19

Kuala Lumpur 1794.94 1794.65 +0.02

Bangkok 1368.24 1375.86 -0.57

Jakarta 4330.61 4326.21 +0.10

Manila 6103.44 6122.89 -0.32

Ho Chi Minh 505.47 503.54 +0.38

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