SE Asia Stocks-Most rise after U.S. govt reopens; Philippines climbs 1 pct

* Philippine shares hit an over 10-month high

* Thai stocks head for 9 sessions of gains

By Mensholong Lepcha

Jan 28 (Reuters) - Most Southeast Asian stock markets rose

on Monday, with Philippines hitting a more than 10-month high,

as investors cheered an agreement to briefly end a historic U.S.

government shutdown that had rattled risk-sensitive assets.

Philippine shares led the gains in Southeast Asia

with a jump of 1 percent after U.S. President Donald Trump

agreed on Friday to reopen the government after a 35-day partial

shutdown without getting the $5.7 billion he had demanded from

Congress for a border wall.

The news also pushed broader Asian shares higher, with

MSCI's broadest index of Asia-Pacific shares outside Japan

climbing 0.2 percent.

However, Washington's move to end the longest U.S.

government shutdown may only be temporary, after Trump renewed

his vow to build a wall on the southern border with Mexico,

threatening to resume the shutdown on Feb. 15 if he does not get

what he wants.

Markets, which are already grappling with heightened

concerns about slowing global growth and the still unresolved

Sino-U.S. trade war, could see volatility again if the shutdown

resumes.

Industrials and financials were among the top gainers in the

Philippines, with conglomerate Aboitiz Equity Ventures Inc

and real estate heavyweight SM Investments Corp

climbing as much as 5.1 percent and 1.2 percent, respectively.

One of the biggest factors for the gains in the Philippine

market is the quarterly GDP data, which was released last

Thursday, said Rachelle Cruz, a research analyst with AP

Securities.

Investors expect the country's central bank to ease monetary

policies after data showed the economy grew slower than expected

in the fourth quarter of 2018.

"The central bank announced its intention to increase

liquidity in the system by reserve ratio cut," said Cruz.

"We are expecting another 2 percent cut for the reserve

ratio this year, which will flood the market with almost 200

billion pesos."

Singapore shares rose as much as 0.5 percent, driven

by technology and financials stocks.

The FTSE Strait Times index was headed for a third straight

session of gains, ahead of corporate results by many big

companies.

Venture Corp climbed as much as 2.3 percent, while

Oversea-Chinese Banking Corp gained up to 1.3 percent.

Thai shares were on track for a ninth straight

session of gains, helped by industrial and energy stocks.

Bangkok Expressway and Metro PCL gained as much as 1

percent, while Energy Absolute climbed up to 1.6

percent.

For Asian Companies click;

SOUTHEAST ASIAN STOCK MARKETS AT 0350 GMT

Market Current Previous close Pct Move

Singapore 3207.08 3202.25 0.15

Bangkok 1628.91 1623.62 0.33

Manila 8127.7 8053.2 0.93

Jakarta 6484.887 6482.843 0.03

Kuala Lumpur 1698.06 1701.03 -0.17

Ho Chi Minh 911.11 908.88 0.25

Change so far in 2019

Market Current End 2018 Pct Move

Singapore 3207.08 3068.76 4.51

Bangkok 1628.91 1563.88 4.16

Manila 8127.7 7,466.02 8.86

Jakarta 6484.887 6,194.50 4.69

Kuala Lumpur 1698.06 1690.58 0.44

Ho Chi Minh 911.11 892.54 2.08

(Reporting by Mensholong Lepcha; Editing by Subhranshu Sahu)