SE Asia Stocks -Indonesia rebounds; energy shares lift Thai index above 1,600

BANGKOK, Feb 3 (Reuters) - Indonesia's main stock index rose

on Tuesday as fund inflows lifted banking shares, while the Thai

benchmark broke above the key 1,600-level as a rebound in crude

oil prices triggered buying interest in select large-cap energy

shares.

Asian stocks gained on Tuesday as hopes for an agreement on

Greece's debt situation lifted risk appetite.

The Jakarta composite index traded 0.4 percent

higher, recovering from a loss on Monday.

Shares of Bank Mandiri, Bank Rakyat Indonesia

and Bank Negara Indonesia were among those

actively traded as foreign investors led buyers, Thomson Reuters

data showed.

Lower-than-expected inflation in January and interest rate

outlook underpinned sentiment, brokers said.

"Combined with the possibly declining deposit rates, this

should be positive for banking sector," broker Trimegah

Securities said in a report.

Bangkok's SET index was up 1.1 percent at 1,600.06,

led higher by a 4.4 percent gain in shares of energy explorer

PTT Exploration and Production and a 2.8 percent jump

in shares of top energy firm PTT.

Broker Maybank Kim Eng Securities advised investors to

accumulate stocks when the index contracts during trading hours.

"The market correction should end soon, rebound and break

the 1,600 level, supported by the improving fourth quarter

earnings of Thai listed companies and the recovering price of

oil," it said in a report.

Singapore's key index reversed gains from the

previous day while the Philippine index was on course for

a second straight day of falls, further pulling away from a

record close of 7,689.91 hit on Jan. 30.

Vietnam eased 0.5 percent, poised for a fourth

consecutive day of loss.

Malaysia remained closed on Tuesday, will reopen on

Wednesday.

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SOUTHEAST ASIAN STOCK MARKETS

Change at 0401 GMT

Market Current Prev Close Pct Move

Singapore 3410.57 3423.35 -0.37

Bangkok 1600.06 1582.70 +1.10

Jakarta 5297.65 5276.24 +0.41

Manila 7582.04 7630.71 -0.64

Ho Chi Minh 567.07 570.37 -0.58

(Reporting by Viparat Jantraprap; Editing by Anupama Dwivedi)