Thailand Stocks: PTT, PTT Exploration, Siam Makro, Thai Union
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 21.62, or 2.1 percent, to 1,072.47, the largest increase since June 3.
Energy companies: PTT Pcl (PTT) , Thailand’s biggest energy company, rose 3.2 percent to 358 baht, the most since Jan. 26. PTT Exploration & Production Pcl (PTTEP) , Thailand’s only publicly traded oil explorer, climbed 2.9 percent to 175.5 baht. Banpu Pcl (BANPU) , Thailand’s biggest coal producer, advanced 2.5 percent to 736 baht.
Crude oil rose in New York, rebounding from the biggest weekly decline since 2008, as signs of an improving economy in the U.S., the world’s largest crude consumer, stoked speculation last week’s slump was exaggerated.
Samart Corp. Pcl (SAMART TB), a telecommunication service provider, rose 1.7 percent to 9.2 baht, the biggest gain in a week. Loxley Pcl (LOXLEY) jumped 2.3 percent to 2.72 baht. TOT Corp., Thailand’s state-owned telecommunications company, signed an agreement with a group that includes Samart and Loxley to develop a high-speed mobile-phone network.
Siam Makro Pcl (MAKRO) , the country’s largest cash-and- carry wholesaler, gained 5.2 percent to 172.50 baht, a record close. Profit in the first quarter climbed 45 percent to 685 million baht, or 2.85 baht a share.
Thai Union Frozen Products Pcl (TUF) , the biggest seafood operator, climbed 3.8 percent to 48.25 baht. Revenue will rise about 30 percent to almost $3 billion this year, the company said in a statement today.
To contact the reporter on this story: Anuchit Nguyen in Bangkok at firstname.lastname@example.org
To contact the editor responsible for this story: Darren Boey at email@example.com
Bloomberg moderates all comments. Comments that are abusive or off-topic will not be posted to the site. Excessively long comments may be moderated as well. Bloomberg cannot facilitate requests to remove comments or explain individual moderation decisions.