SE Asia Stocks-Indonesia up for 3rd day, earnings help Thailand
* Indonesia extends gains; earnings help Thailand
* Palm oil shares weigh on Singapore, Malaysia
* Philippines ends three days of gains; Vietnam rises
By Viparat Jantraprap
BANGKOK, Nov 13 (Reuters) - Most Major Southeast Asian stock markets eked out small gains on Friday, with buying interest in Adaro Energy and Bank Nagara pushing Indonesia higher while upbeat quarterly earnings shored up sentiment in Thailand.
Indonesia's index .JKSE rose for a third day, adding 0.3 percent, with Adaro Energy (ADRO.JK) climbing 5.6 percent and Bank Negara (BBNI.JK) up 1 percent, adding to their gains on Thursday after news the stocks would be included in the MSCI Indonesia Index with effect from Nov. 30.
Thailand's index .SETI gained 0.2 percent, turning round from a drop of nearly 3 percent to a one-week low on Thursday, led by a 6.9 percent gain in chicken exporter Charoen Pokphand Foods CPF.BK and a 4.6 percent rise in CP All CPALL.BK.
CP All, Thailand's top convenience store chain, announced a better-than-expected 68 percent rise in quarterly earnings while CP Foods was among shares that will be included in the revamped MSCI Thailand Index.
"Markets had a lacklustre session today. I think investors were cautious but still monitoring the dollar for next week's direction. If the currency weakens, it will be favourable for stocks," said Pichai Lertsupongkij, head of sales at Thanachart Securities in Bangkok.
However, a rare rally in the U.S. dollar was the focus in Asia on Friday as investors wondered if President Barack Obama's nine-day visit to the region would generate pressure on some countries to let their currencies rise.
Singapore's index .FTSTI inched up 0.04 percent, although big palm plantation firm Wilmar International (WLIL.SI) fell 2 percent as Malaysian crude palm oil futures made little headway on Friday.
Malaysia's index .KLSE edged down 0.06 percent, with Sime Darby (SIME.KL) sliding 0.3 percent and IOI Corp (IOIB.KL) easing 0.4 percent.
The listing of Maxis, Malaysia's biggest mobile phone operator, which will start trading on Nov. 19, should lift sentiment in Kuala Lumpur, analysts said.
"Stocks should remain in consolidation with a downward bias ahead of next week's listing of Maxis, when buying momentum should improve," broker TA Securities said in a research note.
The brokerage said immediate support for the main stock index was now at 1,262 and 1,256 compared with the close on Friday of 1270.96.
"On the upside, an eventual breakout above 1,280 will extend the rally to the next significant hurdle at 1,305, the 29 April 2008 pivot high," it said.
The Philippines .PSI dropped 1.3 percent, ending a three-day rise, weighed down by a 14 percent loss in Philex Mining Corp (PX.PS) and a 2.4 percent fall in Manila Electric (MER.PS).
Vietnam's index .VNI was up 0.4 percent, rising for a third day, with Masan Group MSN.HM up 2.6 percent and real estate developer Sudico SJS.HM up 4.5 percent. [ID:nHAN99764] ($1=33.27 Baht) (Additional reporting by AiPeng Soo in Kuala Lumpur; Editing by Alan Raybould)
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