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 jumped 42.56 points, or 4.7 percent, to 946.62, the most since April 20, 2010.
Oil companies: Oil rose for a second day in New York on speculation European governments will contain the region’s sovereign-debt crisis, limiting its impact on the global economy and demand for raw materials. Crude for November delivery advanced as much as 3.2 percent.
PTT Pcl (PTT TB), Thailand’s biggest energy company, gained 6 percent to 283 baht, the sharpest increase since Sept. 3, 2010. PTT Exploration & Production Pcl (PTTEP TB), the nation’s only publicly traded oil explorer, climbed 4.5 percent to 151.5 baht.
Rubber producers: Rubber futures surged by the most in six months on optimism that European leaders will act to prevent the region’s sovereign-debt crisis from getting worse, and amid speculation the German economy may avoid recession. February-delivery rubber jumped as much as 6.9 percent in Tokyo.
Sri Trang Agro-Industry Pcl (STA TB), Thailand’s biggest publicly traded rubber producer, rose 6 percent to 17.6 baht, the largest gain since Aug. 29. Thai Rubber Latex Corp. (Thailand) Pcl (TRUBB TB) added 3.3 percent to 3.10 baht, its steepest jump since Aug. 1.
Advanced Info Service Pcl (ADVANC TB), Thailand’s biggest mobile-phone company, gained 4.3 percent to 120.5 baht, the largest increase since Sept. 7. The company had its share-price estimate raised by 16 percent to 167 baht at Asia Plus Securities Pcl on speculation new telecommunication licenses will increase its earnings.
Thanachart Capital Pcl (TCAP TB), a financial company, advanced 4.7 percent to 28 baht, its steepest gain since July 4. The company will pay an interim dividend of 0.50 baht a share, it said in a regulatory filing.