Thai stocks up, Malaysia shares at 3-year peak

The Stock Exchange of Thailand gained on Monday, while other Southeast Asian stock markets mostly ended higher on Monday, with Malaysia hitting its highest close in more than three years.

The SET main index earned 8.61 points, or 0.47%, to close at 1,837.59, with trade worth 54.29 billion baht and heavyweight PTT Plc hitting a record close.

Malaysian stocks rose 0.9% to hit their strongest finish since September 2014, with Public Bank Bhd at a record close and Malayan Banking Bhd hitting a more than four-year closing high.

The Philippine index marked an all-time closing peak for a third straight session, buoyed by gains in telecom stocks.

Telecommunication service provider PLDT Inc ended 6.5% higher and index heavy weight SM Prime Holdings Inc gained 1.3%.

The Jakarta index erased earlier losses as energy stocks were boosted by Bangladesh's agreement with Indonesia on Sunday to open talks on imports of liquefied natural gas as Dhaka looks to fill a shortfall in domestic natural gas.

Financials underpinned the Singapore index, with DBS Group Holdings and United Overseas Bank closing marginally higher.

Vietnamese shares slipped 0.5%, snapping five sessions of gains.

Food processor Vietnam Dairy Products shed 2.5%, while Saigon Beer Alcohol Beverage Corp fell to a five-month closing low.