SE Asia Stocks-Thai shares rebound in light volume; Indonesia jumps

BANGKOK, Jan 13 (Reuters) - Thai shares recouped earlier

losses and rose 1 percent on Monday after a proposal to push

back the date of the snap election scheduled for Feb. 2, but

trading was subdued amid large-scale anti-government protests in

Bangkok.

Thai key SET index rose to 1,268.71, after falling

in the morning session to 1,244.14.

The rebound came after a report that Prime Minister Yingluck

Shinawatra has invited leaders of anti-government protesters and

political parties to discuss an Election Commission proposal to

push back the date of the snap election she called from Feb. 2.

"We saw some short covering due to hopes about the delay of

the election date which could help to ease the political

tensions," said Pichai Lertsupongkij, a senior analyst at broker

Thanachart Securities.

Trading volumes were half of the full day average over the

past 30 sessions as protesters occupied major intersections in

the capital to pressure caretaker Prime Minister Yingluck

Shinawatra to step down.

Thai stock exchange president Charamporn Jotikasthira told

reporters the bourse had tightened measures, insisting there

would be no disruptions to the trading system as the protesters

plan a rally at the exchange.

Indonesian and Philippine stocks rallied after weak U.S.

jobs data revived speculation about the monetary stimulus.

The Indonesian index jumped 3.1 percent to 4,384.56,

the highest since Nov. 20. Banking stocks surged 5

percent on an outlook for better liquidity.

Mining stocks rose 1.3 percent after Indonesia on

Sunday banned unprocessed mineral exports.

Indonesia will be shut on Tuesday for a public holiday and

will reopen on Wednesday.

The Philippine main index climbed 1.7 percent, led by

large caps such as SM Prime Holdings, while Malaysia

and Vietnam both gained around 0.4 percent, in

line with broader Asia.

Stocks in Singapore pared earlier gains, trading

0.3 percent lower, led by shares of global marine and offshore

engineering groups Sembcorp Industries Ltd and

Sembcorp Marine Ltd.

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SOUTHEAST ASIAN STOCK MARKETS

Change at 0806 GMT

Market Current Prev Close Pct Move

TR SE Asia Index* 386.46 381.57 +1.28

Singapore 3135.87 3143.87 -0.25

Kuala Lumpur 1834.58 1826.61 +0.44

Bangkok 1268.71 1255.45 +1.06

Jakarta 4384.56 4254.97 +3.05

Manila 5940.67 5842.88 +1.67

Ho Chi Minh 521.11 518.94 +0.42