Thailand Stocks: Banpu, PTT, PTT Exploration, Sri Trang Agro
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 rose for a second day, climbing 18.41 points, or 1.8 percent, to 1,055.63, the most in two weeks.
Oil companies: PTT Pcl (PTT) , Thailand’s biggest energy company, gained 3.8 percent to 329 baht. PTT Exploration & Production Pcl (PTTEP) , the nation’s only publicly traded oil explorer, increased 3.3 percent to 170 baht, the steepest advance since July 4.
Crude oil climbed for a third day in New York as investors speculated that growth will recover in the U.S., spurring demand in the biggest crude consumer.
Banpu Pcl (BANPU) , Thailand’s biggest coal producer, climbed 2.9 percent to 630 baht. Coal prices at the New South Wales port climbed to $121.47 a metric ton in the week ended Aug. 26 from $121.36 the previous week, according to the globalCOAL NEWC Index.
Sri Trang Agro-Industry Pcl (STA) , Thailand’s biggest publicly traded rubber producer, jumped 6.1 percent to 26 baht, the largest gain since July 18. Rubber futures in Tokyo advanced on concerns that heavy rains in Thailand, the largest producer, may lower production.
To contact the reporter on this story: Anuchit Nguyen in Bangkok at firstname.lastname@example.org
To contact the editor responsible for this story: Darren Boey at email@example.com