SE Asia Stocks-Most indices higher, Thai shares extend gains

* Most S.E. Asia indices higher

* Thai index reaches highest level since October

By Viparat Jantraprap

BANGKOK, June 4 (Reuters) - Most Southeast Asian indices
rose on Thursday, tracking a late rebound in Hong Kong shares
and U.S. futures.

Thailand's main index reached its highest level since
October as government stimulus plans fuelled more buying of
banking and building firms such as Bank of Ayudhya and Siam
Cement.

Hong Kong shares .HSI and U.S. stock index futures rose
as markets awaited rate-setting meetings at the European
Central Bank and the Bank of England.

"The rate decisions will give direction to the U.S. dollar
and commodities market, and should signal further moves on
stocks in this region," Thanomsak Saharatchai, head of research
at Capital Nomura Securities, said.

The European Central Bank is expected to keep interest
rates on hold on Thursday. The Bank of England left rates at a
record low of 0.5 percent. [nLAC003308].

Thailand's stock index .SETI climbed 2 percent to its
highest level since October 3, after Wednesday's 1.4 percent
rise.

Malaysia .KLSE gained 0.8 percent, Indonesia .JKSE rose
1.1 percent and the Philippines .PSI advanced 0.9 percent.

Vietnam .VNI extended its gains for a fourth day, adding
3 percent, to its highest level since October 2.

Bucking the trend, Singapore's index .FTSTI fell 0.9
percent, reversing a 0.3 percent gain the day before. Top
developer CapitaLand (CATL.SI) slid 2.3 percent and lender DBS
Group (DBSM.SI) eased 0.3 percent.

In Bangkok, Bank of Ayudhya BAY.BK jumped 13.8 percent,
Kasikornbank KBAN.BK surged 6.9 percent and industrial
conglomerate Siam Cement SCC.BK soared 5.4 percent.

Advancers in the region included Malaysia's Tenaga Nasional
(TENA.KL), which rose 3.3 percent, Philippine utility Manila
Electric (MER.PS), which gained 7.8 percent and Vietnamese
developer Hoang Anh Gia Lai HAG.HM, which added 4.7 percent.

Banks led gainers in Jakarta after an interest rate cut on
Wednesday. Bank Danamon (BDMN.JK) up 7.8 percent and Bank
Mandiri (BMRI.JK) up 2.3 percent.
($1= 34.10 Baht)
(Editing by Darren Schuettler)