* Financial, industrial stocks drag down Philippines
* Thai Sept headline CPI rises 0.32% y/y, lags forecast
By Soumyajit Saha
Oct 1 (Reuters) - Singapore shares .STI rose 1% on
Tuesday, helped by banking and real estate stocks, while most
other Southeast Asian markets were subdued in the absence of
fresh developments on the Sino-U.S. trade war front and as
Chinese markets were closed for holidays.
Flash estimate from Singapore's Urban Redevelopment
Authority showed overall prices of private homes rose 0.9% in
the third quarter from the preceding three-month period.
"Though there are no significant headlines, Singapore real
estate markets seem to be picking up the slack in Hong Kong
because of the tumult there," said Stephen Innes, Asia
Pacific market strategist at AxiTrader.
"The market is looking towards the government for coming up
with more plans for investment in infrastructure, and this is
adding up to the flavour."
Lender DBS Group Holdings DBSM.SI advanced 1.2%, while
real estate developer CapitaLand Ltd CATL.SI gained 1.1%.
Thai stocks .SETI were lower, with oil and gas explorer
PTT PCL PTT.BK shedding 0.5%, while convenience store operator
CP All PCL CPALL.BK lost 0.9%.
Meanwhile, the annual headline consumer price index rose
0.32% in September year-on-year, less than expected and against
August's 0.52%. September's headline inflation was the lowest level since
January and stayed below the Bank of Thailand's 1%-4% target
range for a fourth straight month.
Philippine shares .PSI fell, dragged by financials and
industrials. Property developer SM Prime Holdings SMPH.PS
declined 1.1%, while lender Bank of the Philippine Islands
BPI.PS lost 1.6%.
Indonesian stocks .JKSE inched lower ahead of September
inflation data due later in the day. A Reuters poll forecast the
annual inflation rate to stay little changed compared with the
previous month, at the midpoint of Bank Indonesia's target
range. Asian Companies click;
SOUTHEAST ASIAN STOCK MARKETS AS AT 04:15 GMT
STOCK MARKETS
Change on the day
Market Current Previous close Pct Move
Singapore 3154.21 3119.99 1.10
Bangkok 1631.93 1637.22 -0.32
Manila 7729.99 7779.07 -0.63
Jakarta 6162.306 6169.102 -0.11
Kuala Lumpur 1585.06 1583.91 0.07
Ho Chi Minh 999.31 996.56 0.28
Change so far in 2019
Market Current End 2018 Pct Move
Singapore 3154.21 3068.76 2.78
Bangkok 1631.93 1563.88 4.35
Manila 7729.99 7,466.02 3.54
Jakarta 6162.306 6,194.50 -0.52
Kuala Lumpur 1585.06 1690.58 -6.24
Ho Chi Minh 999.31 892.54 11.96