Thailand Stocks: Christiani, PTT Exploration, Sri Trang Agro
The SET Index rose 1.1 percent to 1,036.21, the largest increase since Dec. 7. Thailand’s financial markets were closed on Jan. 2 and 3 for the public holidays.
Oil companies: PTT Pcl (PTT) , Thailand’s biggest oil company, gained 1.9 percent to 324 baht, the highest close since Dec. 8. PTT Exploration & Production Pcl (PTTEP) , the nation’s only publicly traded oil explorer, advanced 4.2 percent to 175.5 baht, its highest close since Aug. 4.
Crude oil rose 5.2 percent to $102.96 yesterday, the highest close since May 10. It traded at $102.61 in electronic trading today.
Christiani & Nielsen (Thai) Pcl (CNT) , a construction company, advanced 3.2 percent to 3.9 baht, the most since Oct. 19. Globex Corp. raised its stake in the company to 57 percent from 37 percent after a tender offer, Christiani said in regulatory filing.
Sri Trang Agro-Industry Pcl (STA) , the nation’s biggest publicly traded rubber producer, climbed 1.1 percent to 17.8 baht, halting a five-day slide.
June-delivery rubber gained as much as 3.1 percent to 271.6 yen a kilogram ($3,543 a metric ton) before settling at 265.7 yen on the Tokyo Commodity Exchange.
Khon Kaen Sugar Industry Pcl (KSL) , a sugar producer, added 1.5 percent to 13.5 baht, the highest close since Sept. 16. Raw sugar for March delivery yesterday advanced 5.2 percent to settle at 24.51 cents a pound on ICE Futures U.S. in New York, the most since Sept. 29.
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