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SE Asia Stocks--Indonesia, Thailand, Philippine lead rally

BANGKOK, Sept 16 (Reuters) - Stocks in Indonesia, Thailand

and the Philippines outperformed in Southeast Asia on Monday as

investors bought back recently-battered large caps including

banking shares amid hopes of U.S. Federal Reserve monetary

stimulus and fading risks in Syria.

Jakarta's Composite Index jumped 3.4 percent while

Thai SET index climbed 3.1 percent, both marking the

best gain in around one week. The Philippine main index

rose 2.8 percent, the biggest one-day rise in two weeks.

Singapore was up 1.9 percent and Vietnam

posted limited loss, paring earlier gains. Malaysia was

shut for a market holiday, reopening on Tuesday.

Southeast Asia extended its last week's rally with global

sentiment lifted after Lawrence Summers quit the race to be

Federal Reserve chief, sparking hopes that the U.S. central bank

may keep monetary policy loose for longer.

Regional benchmarks further recovered from their lows hit in

late August in the face of concerns about the prospect of U.S.

Federal Reserve's monetary stimulus tapering.

Credit Suisse said it believed Thai, Indonesian and

Philippine stocks were bottoming on an export recovery, improved

current accounts, less onerous valuations and more stable oil

prices but cautioned that a V-shaped recovery appeared unlikely.

Of the three markets, it gave edge to Thailand over the

Philippines and Indonesia, analysts at Credit Suisse wrote in a

report dated Sept. 13.

"We expect Thailand's economy to deliver the best delta over

the coming months, and market valuations are the best of the

TIPs markets," they said.

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Change on day

Market Current Prev Close Pct Move

TR SE Asia Index* 407.51 398.11 +2.36

Singapore 3179.48 3120.30 +1.90

Bangkok 1445.11 1401.08 +3.14

Jakarta 4522.24 4375.54 +3.35

Manila 6302.71 6133.24 +2.76

Ho Chi Minh 475.57 476.42 -0.18

Change on year

Market Current End prev yr Pct Move

TR SE Asia Index* 407.51 424.10 -3.91

Singapore 3179.48 3167.08 +0.39

Kuala Lumpur -- 1688.95 +4.85

Bangkok 1445.11 1391.93 +3.82

Jakarta 4522.24 4316.69 +4.76

Manila 6302.71 5812.73 +8.43

Ho Chi Minh 475.57 413.73 +14.95

* The Thomson Reuters South East Asia Index is a

highly representative indicator of stocks listed in Indonesia,

Malaysia, the Philippines, Singapore, Thailand and Vietnam.

Stock Market Volume (shares)

Market Current Volume Average Volume 30 days

Singapore 320,816,300 272,313,503

Bangkok 10,021,178 8,458,968

Jakarta 5,450,444,500 3,947,690,883

Manila 125,465 80,966

Ho Chi Minh 38,474 43,043