Thailand Stocks: PTT Exploration, Rojana Industrial, Sriracha
The SET Index (SET) rose for a fifth day, climbing 1.4 percent to 1,188.74, the highest close since May 11.
Oil companies: PTT Pcl (PTT) , Thailand’s largest energy company, climbed 2.2 percent to 330 baht, the biggest advance since June 11. PTT Exploration & Production Pcl (PTTEP) , Thailand’s only publicly traded oil explorer, increased 4.2 percent to 175 baht, the highest close since May 8.
Crude oil jumped 9.4 percent on June 29 to $84.96 a barrel, the highest close since June 6.
Rojana Industrial Park Pcl (ROJNA) , an industrial park developer, advanced 4.9 percent to 8.60 baht, the largest increase since May 2. Rojana invested 833.5 million baht ($26.4 million) to buy an 80 percent stake in Prosperity Industrial Estate Co. Ltd., the company said in a regulatory filing.
Sriracha Construction Pcl (SRICHA TB), a construction contractor, surged 12 percent to 16.8 baht on its trading debut on the Stock Exchange of Thailand. The company last month sold 78.3 million shares at 15 baht each in an initial public offering.
Sri Trang Agro-Industry Pcl (STA) , the country’s largest rubber producer, gained 2.8 percent to 14.50 baht, the biggest gain since June 8. Rubber futures climbed as much as 5 percent, the biggest gain for the most-active contract since Dec. 1, to 252.2 yen a kilogram, before settling at 246.2 yen on the Tokyo Commodity Exchange.
Tong Hua Communications Pcl (TONHUA) , a newspaper publisher, jumped by daily limit of 30 percent to 7.60 baht, the highest close since August 2004. The company will sell 240 million shares to existing shareholders at 1 baht each, it said in regulatory filing. It also will offer another 500 million shares to a group of investors, it said.
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