Bangkok - Thai shares jumped 3.4 per cent on Monday, propped up by growing confidence in the economy after a reduction in oil prices.

The Stock Exchange of Thailand (SET) index ended at 687.30, up 22.78 points, or 3.43 per cent, on 14.5 billion baht (433 million dollars) worth of trading.

"Investors came back to the market to snap up shares cheap, but this is not necessarily a sign that the market is on the rebound for the long term," said Mongkol Puanghaetha, an analyst at Adkinson Securities.

He noted that the volume of trade was low, at only 14.5 billion baht, suggesting that many investors have take a wait-and-see stance after the sharp slump in share values last week.

Bourses throughout Asia were on the rebound Monday, pushed up by lower oil prices worldwide. (dpa)