Philippine stock market rose on Friday, after three consecutive sessions of steep losses, while Singapore fell to its lowest close in two weeks. Broader Asia stumbled, with MSCI's broadest index of Asia-Pacific shares outside Japan down more than 0.5 percent. Most Southeast Asian stock markets posted weekly declines, led by a 2.6 percent drop in Philippine shares. The Philippine index marked its first losing week in nine, although it firmed 0.8 percent in the session.
Conglomerate JG Summit Holdings gained 1.8 percent in the session, while property developer SM Prime Holdings climbed 1.2 percent. The Indonesian index firmed 0.5 percent, boosted by financials, with Bank Central Asia hitting a record close. An index of the country's most liquid stocks ended 0.6 percent higher. Vietnam erased earlier losses to end 0.5 percent higher, with financials leading the charge.
However, the market posted a 1 percent decline on the week, its first in seven. Meanwhile, Singapore shares fell 0.5 percent, bringing the weekly drop to 1 percent. Real estate and industrial stocks took a beating, with CapitaLand Ltd falling over 2 percent to a more than three-week low and Hutchison Port Holdings hitting its lowest close in nearly a year. Thai shares slipped as much as 0.3 percent as a boost from energy stocks was outweighed by losses in consumer staples and real estate.
Malaysian index ended marginally stronger in lacklustre trade, after touching its highest in more than three years, as it resumed trade after two days of public holidays. The only market in Southeast Asia to record a weekly gain ended the week 0.9 percent firmer.