SE Asia Stocks-Most rise; Malaysia up after cbank governor resigns

* Malaysia climbs 1.3 pct to highest in nearly 2 weeks

* Singapore falls as bank stocks take hit

* Vietnam gains 1.2 pct in 5th straight winning session

By Mensholong Lepcha

June 6 (Reuters) - Most Southeast Asian stock markets ended

higher on Wednesday, with Malaysia gaining over 1 percent after

the country's central bank governor resigned, while Vietnam

extended its winning run to a fifth straight session.

Malaysia's newly elected prime minister, Mahathir Mohamad,

said on Wednesday he accepted the resignation of central bank

governor Muhammad Ibrahim.

Ibrahim's departure is part of a government shake-up led by

Mahathir who trounced scandal-tainted leader Najib Razak in the

May 9 election.

Malaysian shares rose 1.3 percent to their highest

close in nearly two weeks, led by gains in bank stocks such as

Public Bank and CIMB Group Holdings.

Vietnam shares reversed early losses, ending 1.2

percent higher. Real estate and financial stocks led the gains.

Vingroup JSC rose as much as 2.7 percent, while

Bank for Investment and Development of Vietnam gained

4.6 percent.

Thai shares closed 0.4 percent higher, posting its

third consecutive session of gains.

Energy stocks pushed the index higher, with oil and gas

explorer PTT Exploration and Production gaining as

much as 5.5 percent.

Elsewhere, Singapore snapped two sessions of gains,

ending 0.4 percent lower.

Heavyweights DBS Group Holdings and OCBC

fell as much as 1.2 percent.

"There are concerns that the banks will take a hit this

quarter following issues at Hyflux," said Liu Jinshu,

director of research at NRA Capital, referring to Singapore's

water treatment firm, which has sought to begin a reorganisation

of its business.

The company filed in May for a 30-day moratorium preventing

creditors from taking actions that could hurt the company's

finances.

"Local banks have been exposed due to loans and bonds to

Hyflux, we don't have much disclosure at this point but we'll

see some non-performing loans from Hyflux when the banks report

their Q2 results," Jinshu added.

Indonesian shares finished 0.3 percent lower, while

Philippine shares remained largely unchanged.

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SOUTHEAST ASIAN STOCK MARKETS

Change on the day

Market Current Previous Pct Move

close

Singapore 3467.81 3483.16 -0.44

Bangkok 1738.7 1732.71 0.35

Manila 7689.14 7685.76 0.04

Jakarta 6069.713 6088.79 -0.31

Kuala Lumpur 1777.13 1755.14 1.25

Ho Chi Minh 1034.5 1022.74 1.15

Change on year

Market Current End 2017 Pct Move

Singapore 3467.81 3402.92 1.91

Bangkok 1738.7 1753.71 -0.86

Manila 7689.14 8558.42 -10.16

Jakarta 6069.713 6355.654 -4.50

Kuala Lumpur 1777.13 1796.81 -1.10

Ho Chi Minh 1034.5 984.24 5.11

(Reporting by Mensholong Lepcha; Editing by Amrutha Gayathri)