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Thailand Stocks: Kim Eng, PTT Chemical, Siam Commercial Bank

Shares of the following companies had unusual moves in Thailand trading. Stock symbols are in parentheses and prices are as of the 4:30 p.m. close in Bangkok.

The SET Index rose 16.87, or 1.6 percent, to 1,064.35, the highest close since October 1996.

Stock brokerages: Kim Eng Securities (Thailand) Pcl (KEST TB), Thailand’s largest stock brokerage, climbed 2.1 percent to 14.4 baht, the highest close since Feb. 21. Asia Plus Securities Pcl (ASP TB) increased 2.8 percent to 2.98 baht, the highest close since Nov. 9. KGI Securities (Thailand) Pcl (KGI TB) advanced 4 percent to 2.62 baht.

Trading turnover on the Stock Exchange of Thailand was 48.3 billion baht ($1.59 billion) today, the highest since Dec. 8, according to the bourse’s data.

Bangkok First Investment & Trust Pcl (BFIT) jumped 12 percent to 7 baht, its highest close since November 2007, and BFIT Securities Pcl (BSEC) rose 5.3 percent to 2.4 baht, the highest since August 2008. Malaysia’s OSK Holdings Bhd. said its investment banking unit agreed to buy a 48.9 percent stake in BFIT Securities from parent company Bangkok First Investment.

PTT Exploration & Production Pcl (PTTEP) , Thailand’s only publicly traded oil explorer, climbed 2.5 percent to 184.5 baht, its biggest gain since Feb. 23. Crude oil rose to the highest in 30 months in New York on concern the conflict in Libya, Africa’s third-largest exporter, will prolong production cuts and spread to Middle East producers.

PTT Chemical Pcl (PTTCH) , the nation’s largest petrochemical maker by market value, jumped 6.1 percent to 157 baht, the steepest advance since Oct. 22. The company had its share-price estimate raised to 189 baht from 149 baht at Citigroup Inc.

Serm Suk Pcl (SSC) , a Thai bottler of PepsiCo Inc. beverages, dropped 4.2 percent to 46.25 baht, the largest decline since Dec. 1. The company said its board approved the termination of an agreement with PepsiCo. The companies couldn’t agree on terms for a new “exclusive bottling appointment,” the Thai company said in a regulatory filing.

Siam Commercial Bank Pcl (SCB) , the country’s fourth- largest lender by assets, climbed 4.6 percent to 113 baht, the highest close since Nov. 5. The company had its share-price forecast raised to 150.75 baht from 147 baht at Asia Plus Securities Pcl (ASP), which said an additional investment in an insurance unit will bolster earnings.

To contact the reporter on this story: Anuchit Nguyen in Bangkok at anguyen@bloomberg.net

To contact the editor responsible for this story: Darren Boey at dboey@bloomberg.net

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