SE Asia Stocks - Thai at two-week high; Malaysia snaps losses

BANGKOK, Jan 8 (Reuters) - Thai shares hit a more than

two-week high on Thursday as PTT rallied on positive

earnings prospects after the government raised the wholesale

price of liquefied petroleum gas (LPG), while other Southeast

Asian markets rose in line with broader Asia.

Asian stocks rose on Thursday after upbeat U.S. employment

data and a halt to a slide in oil tempered investor risk

aversion.

The Thai SET index rose 1.4 percent to 1,521.62, its

highest close since Dec. 24, extending Wednesday's climb amid

bargain-hunting in battered banks.

PTT, the most actively-traded stock by turnover on Thursday,

closed up 1.8 percent at its highest in nearly three weeks.

The LPG price, which will be raised to $488 a tonne, boded

well for PTT which has shouldered losses from fuel subsidies

given the energy giant has had to import LPG at global prices

and sell them at the government-fixed price of $333 per tonne

since 2008.

Malaysia's index ended six sessions of losses as the

ringgit pulled off 5-1/2-year lows due to pressure over

the past few weeks from concerns about the impact of tumbling

oil prices on Malaysia's trade and fiscal balances.

Among the outperformers, Singapore's key index

ended the day up 1.4 percent at 3,345.11, a shy of its day's

high, while the Philippines rose for a ninth session to

its highest close since May 22.

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SOUTHEAST ASIAN STOCK MARKETS

Change on day

Market Current Prev Close Pct Move

Singapore 3345.11 3298.36 +1.42

Kuala Lumpur 1728.06 1709.18 +1.10

Bangkok 1521.62 1500.75 +1.39

Jakarta 5211.83 5207.12 +0.09

Manila 7367.63 7309.70 +0.79

Ho Chi Minh 553.47 552.05 +0.26

Change on year

Market Current End 2014 Pct Move

Singapore 3345.11 3365.15 -0.60

Kuala Lumpur 1728.06 1761.25 -1.88

Bangkok 1521.62 1497.67 +1.60

Jakarta 5211.83 5226.95 -0.29

Manila 7367.63 7230.57 +1.90

Ho Chi Minh 553.47 545.63 +1.44

(Reporting by Viparat Jantraprap; Editing by Prateek

Chatterjee)