SE Asia Stocks-Indonesia bounces back on consumer stocks; Malaysia falls further

* Indonesia rises most in 3-1/2 months

* Malaysia extends fall into fourth session

* Vietnam rises 3.5 pct, most since mid-Feb

By Karthika Suresh Namboothiri

May 7 (Reuters) - Indonesian shares rose 1.6 percent on

Monday, driven by gains in consumer stocks on the likelihood of

a higher palm oil import quota from China, while Malaysian

shares fell for a fourth straight session ahead of the general

elections on Wednesday.

China is open to increasing its import quota for Indonesian

palm oil by at least 500,000 tonnes, Premier Li Keqiang said on

Monday.

This drove consumer stocks, according to Stephen Innes, head

of trading for Asia Pacific Oanda.

Indonesia is the world's biggest producer of palm oil.

The Jakarta SE Composite Index, which has been the

second worst performer so far this year, snapped two consecutive

sessions of decline and posted its sharpest gain in

three-and-a-half months.

Meanwhile, Indonesia's economy grew 5.06 percent on an

annual basis in the first quarter, weaker than the previous

quarter's 5.19 percent and a Reuters poll forecast of 5.18

percent.

The finance minister said the first-quarter growth was a

"positive" development, as investment grew more than 7 percent

from a year earlier while exports increased 6 percent.

An index of Indonesia's 45 most liquid stocks

gained 2.3 percent.

Among other Southeast Asian stock markets which gained,

Vietnam jumped 3.45 percent, the most since mid-February.

Financials were the top performers with Vietcombank

rising 5.3 percent to a two-week closing high.

Malaysian stocks closed 0.7 percent lower, largely

pulled down by financials. CIMB Group Holdings ended

1.5 percent lower, extending losses into a fifth session, while

Malayan Banking Bhd dropped 0.8 percent.

Philippine shares slipped 0.2 percent to their lowest

close in more than two weeks. Security Bank Corp was

the biggest drag with a drop of 2.7 percent.

Singapore shares fell 0.4 percent to their lowest

close in nearly three weeks. Index heavy-weight Oversea-Chinese

Banking Corp declined 3.5 percent after the lender

posted quarterly profit below estimates.

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SOUTHEAST ASIAN STOCK MARKETS

Change on the day

Market Current Previous close Pct Move

Singapore 3532.86 3545.38 -0.35

Bangkok 1779.8 1779.87 0.00

Manila 7533.28 7546.19 -0.17

Jakarta 5885.098 5792.345 1.60

Kuala Lumpur 1828.2 1841.83 -0.74

Ho Chi Minh 1062.26 1026.8 3.45

Change on year

Market Current End 2017 Pct Move

Singapore 3532.86 3402.92 3.82

Bangkok 1779.8 1753.71 1.49

Manila 7533.28 8558.42 -11.98

Jakarta 5885.098 6355.654 -7.40

Kuala Lumpur 1828.2 1796.81 1.75

Ho Chi Minh 1062.26 984.24 7.93

(Reporting by Karthika Suresh Namboothiri; Editing by

Subhranshu Sahu)