SE Asia Stocks-Generally lower as commodity shares drop

* Singapore falls for third day to near 1-week low

* Energy, commodity stocks among losers as oil price eases

* Banking shares push up Malaysia, Philippines gains

By Viparat Jantraprap

BANGKOK, June 15 (Reuters) - Most Southeast Asian stock
markets fell on Monday, with Singapore, Thailand and Indonesia
approaching a one-week low as retreating oil prices pushed
energy and commodity shares lower.

Concern that the recent rally in Asian stocks was overdone
triggered the sell-off, with the MSCI index of Asia-Pacific
stocks outside Japan .MIAPJ0000PUS down 2.3 percent by 1000
GMT, and further falls were expected this week, analysts said.

"Asian bourses look set to be in a correction phase.
Investors have taken the view that interest rates may start
going up again, although this looks to be too early," said
Warut Siwasariyanon, head of research at Finansa Securities.

The Singapore index .FTSTI ended down 2.6 percent,
Thailand's index .SETI dropped 2.7 percent, Indonesia .JKSE
lost about 1 percent and Vietnam .VNI, Southeast Asia's best
performer last week, fell 3.2 percent.

In Singapore, commodity-related stock Noble Group (NOBG.SI)
was down 1.7 percent and Olam (OLAM.SI) lost 1.3 percent. Among
heavyweight shares, CapitaLand (CATL.SI) dropped 4.2 percent
and Singapore Telecoms (STEL.SI) lost 2 percent.

In Jakarta, PT Bumi Resources Tbk (BUMI.JK), Indonesia's
largest thermal coal producer, fell 5.6 percent and state gas
firm PT Perusahaan Gas Negara Tbk (PGAS.JK) was down 2.4
percent.

In Hanoi, Petrovietnam Fertilizer and Chemicals Company
DPM.HM was down 4.8 percent and Vinamilk VNM.HM, Vietnam's
top dairy firm, was down 4.4 percent.

In Bangkok, the biggest energy firm, PTT PTT.BK, dropped
1.6 percent and its energy subsidiary PTT Exploration and
Production (PTTE.BK) fell 1 percent, tracking oil CLc1, which
fell to around $71 a barrel on Monday.

Bucking the trend, Malaysia's index .KLSE inched up 0.09
percent, with Maybank (MBBM.KL) rising 2.5 percent and
Bumiputra-Commerce BUCM.KL climbing 1.1 percent.

Manila's index .PSI gained 0.5 percent after trade
resumed after a market holiday on Friday, with Philippine Long
Distance Telephone (TEL.PS), the country's largest listed firm,
up 2.6 percent and Globe Telecom (GLO.PS), the Philippines'
second-largest phone firm, up 7.6 percent.
($1=34.03 Baht)
(Editing by Alan Raybould)