SE Asia Stocks-Upbeat; Indonesia hits record high

By Chandini Monnappa

Dec 27 (Reuters) - Southeast Asian stock markets rose on

Wednesday, in line with broader Asia on the back of a rally in

oil and metals prices, with Indonesia scaling an all-time high.

The Jakarta SE Composite Index rose as much as 0.6

percent to 6,257.748 on the first day of trading after a

four-day holiday break.

Financials led the rise after Japan's Mitsubishi UFJ

Financial Group (MUFG) said on Tuesday it agreed to buy

a majority stake in Bank Danamon Indonesia.

MUFG said it agreed with Danamon shareholders to buy 73.8

percent of the bank and would like to raise that to 100 percent

as it looks to strengthen its presence in Southeast Asia's

biggest economy.

Danamon shares rose as much as 16.7 percent to their highest

since September 2000, while Bank Central Asia Tbk PT

climbed as much as 0.9 percent to a record high.

Oil prices were supported around a 2-1/2-year top after an

explosion of a Libyan crude pipeline sparked supply fears while

gold and copper hovered near multi-week highs, boosting

commodity- and energy-linked shares around Asia.

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

edged up 0.1 percent to the highest since late

November.

Among other Southeast Asian stock markets, Singapore

bounced back from the previous session's drop to rise as much as

0.5 percent.

Gains were seen across all sectors with DBS Group,

the city-state's biggest lender, climbing 0.7 percent to its

highest in over a week.

Philippine shares were little changed after opening

stronger. The market was closed on Monday and Tuesday for local

holidays.

Both SM Prime Holdings and BDO Unibank Inc

climbed over 1 percent each.

For Asian Companies click;

SOUTHEAST ASIAN STOCK MARKETS: Change at 0406 GMT

Market Current Previous Close Pct Move

Singapore 3389.82 3378.16 0.35

Bangkok 1759.49 1752.48 0.40

Manila 8430.51 8432.31 -0.02

Jakarta 6251.432 6221.013 0.49

Kuala Lumpur 1766.67 1759.99 0.38

Ho Chi Minh 970.03 965.93 0.42

Change so far this year

Market Current End 2016 Pct Move

Singapore 3389.82 2880.76 17.67

Bangkok 1759.49 1542.94 14.03

Manila 8430.51 6840.64 23.24

Jakarta 6251.432 5296.711 18.02

Kuala Lumpur 1766.67 1641.73 7.61

Ho Chi Minh 970.03 664.87 45.90

($1 = 13,560.0000 rupiah)

(Reporting by Reporting by Chandini Monnappa in Bengaluru;

Editing by Subhranshu Sahu)