Thailand Stocks: Khon Kaen, PTT, Polyplex, United Securities
Shares of the following companies had unusual moves in Thailand trading. Stock symbols are in parentheses and prices are as of the 12:30 p.m. break in Bangkok.
The SET Index rose 12.89, or 1.2 percent, to 1,068.43, headed for the biggest gain in two weeks.
Oil companies: PTT Pcl (PTT) , Thailand’s biggest energy company, climbed 2.3 percent to 356 baht, set for the largest increase since May 9. PTT Exploration & Production Pcl (PTTEP) , the nation’s only publicly traded oil explorer, added 1.8 percent to 173.5 baht, halting a three-day slide.
Oil rose to a two-week high in New York on signs of increased U.S. fuel demand after a government report showed inventories of diesel and heating oil fell in the world’s biggest crude-consuming nation.
Khon Kaen Sugar Industry Pcl (KSL) , Thailand’s only publicly traded sugar miller, increased 1.5 percent to 13.4 baht, the biggest advance since May 18. Raw sugar for July delivery yesterday rose 3.3 percent to settle at 22.64 cents a pound on ICE Futures U.S. in New York.
Polyplex (Thailand) Pcl (PTL TB), a packaging film maker, advanced 1.2 percent to 24.6 baht, set for the highest close since May 11. Net income for the year ended March 31 more than tripled to 3.88 billion baht ($128 million).
United Securities Pcl (US) , a stock brokerage, jumped 8 percent to 5.4 baht, set for the highest close since May 2008, after a one-day suspension. UOB Kay Kian Securities (Thailand) Pcl (UOBKH TB) offered to acquire United Securities for 942 million baht. UOB Kay Hian fell 1.7 percent to 3.58 baht.
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