SINGAPORE, May 10 — South-east Asian stock markets, except Singapore, rose today in line with broader Asian peers that were boosted by rising energy stocks, while Malaysia was shut following results of the general elections.

Asia shares ex-Japan gained 0.6 per cent, boosted by energy stocks that gained from rallying crude oil prices as traders adjusted to the prospects of renewed US sanctions against Iran.

In South-east Asia, Philippine stocks rose as much as nearly 1 per cent, led by gains in banks. BDO Unibank Inc climbed as much as 2.3 per cent, while Security Bank Corp gained 4.2 per cent.

The country's economy grew 6.8 per cent in the first quarter from a year earlier, matching expectations, driven by industry and services, the statistics agency said.

The GDP data came as no surprise, and did not affect the markets, said Fio De Jesus, an equity research analyst with RCBC Securities in Manila.

The Malaysia government declared special public holidays after an opposition alliance won the general elections in a shock victory, and the country's national stock exchange, Bursa Malaysia, said trading would be suspended on today and tomorrow.

However, Bank Negara Malaysia, the country's central bank, said it will hold its scheduled policy meeting as planned later in the day.

Tun Dr Mahathir Mohamad's Pakatan Harapan (Alliance of Hope) won 113 of parliament's 222 seats, in a stunning defeat of the coalition that has ruled the South-east Asian country since independence from Britain six decades ago.

Indonesian markets were closed for a local holiday, after shares ended the previous session over 2 per cent higher.

Indonesia's central bank said yesterday it was intervening in the markets to support the rupiah and was preparing to adjust its benchmark interest rate.

Data earlier this week showed the Indonesian economy grew at a weaker-than-expected pace of 5.06 per cent in the first quarter, adding another headwind to markets already worried about outflows from the high-yielding rupiah bond markets.

Thailand snapped five sessions of losses to edge up 0.2 per cent, while Singapore shed 0.1 per cent, with beverages distributor Thai Beverage PCL down as much as 2.4 per cent. — Reuters