Thailand’s Stocks: Ch. Karnchang, Sri Trang Agro, Thai Film
Thailand’s SET Index rose 6.66, or 0.6 percent, to 1,040.72 at the 4:30 p.m. close, the highest since Nov. 10.
Rubber producers: Sri Trang Agro-Industry Pcl (STA TB), Thailand’s biggest publicly traded rubber producer, gained 5.7 percent to 37.25 baht, a record. Thai Rubber Latex Corp. (Thailand) Pcl (TRUBB TB) rose 2.7 percent to 7.5 baht.
The cash rubber price in Thailand, the world’s biggest producer, climbed to a record 135.55 baht ($4.52) per kilogram today, according to the Rubber Research Institute of Thailand.
Ch. Karnchang Pcl (CK TB), the country’s second-largest publicly traded construction company, climbed 1 percent to 9.8 baht, the highest close since Nov. 5. The company had its share- price forecast raised to 12.50 baht from 11.40 baht at Bualuang Securities Pcl, which said government projects will boost the company’s earnings.
Thai Film Industries Pcl (TFI TB), a Thai maker of packaging films, dropped 6.2 percent to 2.72 baht, the lowest close since Nov. 24. The Stock Exchange of Thailand required investors to pay cash upfront before placing orders to buy Thai Film’s stock from today to Dec. 24.
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