Dec. 1 (Bloomberg) -- Thailand’s SET Index rose 12.52, or 1.3 percent, to 1,017.64 at the 4:30 p.m. close, its highest level since Nov. 22.
Rubber producers: Sri Trang Agro-Industry Pcl (STA TB), Thailand’s biggest publicly traded rubber producer, jumped 10 percent to 35 baht, the most since Oct. 19. Thai Rubber Latex Corporation (Thailand) Pcl (TRUBB TB) gained 3.6 percent to 7.25 baht.
Rubber futures in Tokyo climbed for a third day after data showed faster-than-estimated manufacturing growth in China in November, improving optimism that demand from the world’s largest user will increase.
Central Pattana Pcl (CPN TB), Thailand’s largest shopping mall developer, rose 1.9 percent to 26.75 baht, halting a three-day, 7.9 percent slide. The company was upgraded to “buy” from “hold” at Kelive Research, which said the stock is attractive following the recent losses.
Serm Suk Pcl (SSC TB), a bottler of PepsiCo Inc. beverages, slid 19 percent to 47 baht, the biggest drop since at least January 1990. SS National Logistics Co. will close its offer to buy all the remaining shares in Serm Suk tomorrow. SS National offered to buy the stock at 42 baht each.
Thai Vegetable Oil Pcl (TVO TB), the nation’s largest soybean supplier, rose 6.5 percent to 32.75 baht, its highest close since Nov. 12. Soybean futures for January delivery yesterday rose 0.6 percent to close at $12.43 a bushel on the Chicago Board of Trade.
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