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SE Asia Stocks -Most rebound; banks lead gains in Singapore

BANGKOK, June 30 (Reuters) - Most Southeast Asian stock

markets rose on Tuesday, with banks leading the rebound in

Singapore after a loan growth in May, while Thai shares extended

losses for a third session after a fall in monthly factory

output and ahead of a market holiday.

Singapore's key Straits Times Index was up 1.22

percent, recouping some of the 2.2 percent loss over the past

three sessions. It is on track to post a quarterly drop of 3.7

percent, the first loss in six quarters.

Shares of top three lenders by value -- DBS Group Holdings

, United Overseas Bank and Oversea-Chinese

Banking Corporation -- all rebounded from the falls on

Monday when Greek debt concerns prompted selling in the region.

Data released early on Tuesday showed the city-state's total

bank lending grew in May for the first time in four months on

stronger demand for credit for general commerce and financial

institutions.

The Thai SET index was down 0.4 percent at 1,504.91,

taking the loss since Friday to almost 1 percent and heading for

a quarterly fall of 0.5 percent, reversing the gain of the

previous quarter.

The Thai market will be closed on Wednesday for financial

market's mid-year closing day. Trading will resume on Thursday.

Thai factory output fell more than expected in May, dashing

hopes for a quick recovery of the domestic economy and prompting

selling in banking and industrial shares, among economic

proxies, brokers said.

Shares of lender Kasikornbank, the most actively

traded, were down 1.8 percent at a four-week low and industrial

conglomerate Siam Cement fell 1.2 percent to a more

than two-month low.

Brokers in Bangkok expected the Greek debt uncertainty to be

a key market drag.

"We believe the SET will remain volatile and expect it to

move in a range of 1,495-1,520, depressed by the Greek

situation," strategists at broker Maybank Kim Eng Securities

wrote in a note to clients.

Stocks in Malaysia, Indonesia and the

Philippines were all heading for a quarterly fall.

Vietnam is set for a quarterly gain, bucking the trend.

Asian shares held near five-month lows on Tuesday after

Chinese stocks took another leg down while safe-haven assets

received a boost as investors nervously awaited further

developments in the deepening euro zone crisis.

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SOUTHEAST ASIAN STOCK MARKETS

Change at 0612 GMT

Market Current Prev Close Pct Move

Singapore 3320.17 3280.18 +1.22

Kuala Lumpur 1707.48 1691.92 +0.92

Bangkok 1504.91 1511.19 -0.42

Jakarta 4920.04 4882.58 +0.77

Manila 7552.27 7567.38 -0.20

Ho Chi Minh 597.12 591.75 +0.91

(Reporting by Viparat Jantraprap; Editing by Subhranshu Sahu)