Thailand Equity Movers: Demco, PTT, Sri Trang Agro-Industry
Shares of the following companies had unusual moves in Thailand trading. Stock symbols are in parentheses and prices are as of 12:30 p.m. break in Bangkok.
The SET Index rose 1.4 percent to 952.10, heading for the highest close since Oct. 18.
Demco Pcl (DEMCO) , a builder of electricity and telecommunication networks, climbed 2.5 percent to 3.28 baht, set for the highest close since Oct. 13. The company won a contract worth 780 million baht ($25 million) to build a solar power plant, it said in a regulatory filing.
PTT Pcl (PTT) , Thailand’s biggest oil company, increased 2.1 percent to 299 baht, bound for the highest close since Oct. 17. Crude oil advanced as much as 2.2 percent in New York after European leaders agreed on measures to tame a sovereign-debt crisis that threatens to slow economic growth and curb commodity demand.
Sri Trang Agro-Industry Pcl (STA) , the nation’s biggest publicly traded rubber producer, gained 1.1 percent to 19.2 baht. Rubber in Tokyo advanced as the worst floods in half a century in Thailand raised concerns that supplies may decline and after Europe reached an accord on plans to recapitalize the region’s banks.
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