BANGKOK, Nov 2 — Indonesian shares fell for a second session on Friday amid  uncertainties over the US stimulus cut, while Thai stocks retreated in thin market due to rising domestic political tension.   

Jakarta’s Composite Index (JCI) closed down 1.7 per cent at 4,432.59, the lowest close in almost four weeks. Foreign investors sold US$47.9 million (RM152 million), taking their selling on the week to US$64.94 million, Thomson Reuters data showed.     

Indonesia was Southeast Asia’s worst performer on the week, with the JCI index down 3.2 per cent, the biggest weekly drop since late September and reversing three weeks of gains.

Among losers, shares in PT Bumi Resources Tbk  dropped 2.2 per cent after the thermal coal exporter reported weak earnings.    

Broker Bahana Securities maintained its “reduce” rating on the stock.

“As we are of the view that coal industry outlook will remain bleak going forward, we expect BUMI’s market underperformance to linger,” the broker said in a report.

Thai SET index fell about 1 per cent, ending the week 1.8 per cent lower, the second worst in the region.

Thai stock exchange saw light trading volume amid protests against the political amnesty bill.    

Stocks in Singapore, Malaysia and Vietnam  posted modest weekly losses. The Philippines, which was shut on Friday, eked out a weekly gain of 0.7 per cent, outperforming its peers. — Reuters