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Oct. 6 (Bloomberg) -- 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 surged 51.07 points, or 5.9 percent, to 913.72, the largest gain since Jan. 5, 2009.
Oil companies: PTT Pcl (PTT TB), Thailand’s biggest energy company, jumped 10 percent to 275 baht, the steepest increase since Nov. 3, 2008. PTT Exploration & Production Pcl (PTTEP TB), the nation’s only publicly traded oil explorer, climbed 4.9 percent to 149 baht.
Crude oil rose for a second day in New York as shrinking U.S. crude supplies, better-than-expected economic data and signs Europe can control its debt crisis allayed concerns that fuel consumption will suffer.
Rubber producers: Sri Trang Agro-Industry Pcl (STA TB), the country’s biggest publicly traded rubber producer, increased 9.7 percent to 15.8 baht, the most since Dec. 1. Thai Rubber Latex Corp. (Thailand) Pcl (TRUBB TB) advanced 7.1 percent to 3 baht.
Rubber in Tokyo advanced for a third day as better-than- expected U.S. economic data buoyed the outlook for demand, and Malaysia supported Thailand’s move to set a minimum price for the commodity used in tires.
Central Pattana Pcl (CPN TB), the nation’s largest shopping mall operator, rose 7.1 percent to 33.75 baht, the steepest advance since July 22. The company sold 2 billion baht ($64 million) of bonds yesterday, a person familiar with the deal said.
Siam Commercial Bank Pcl (SCB TB), the country’s fourth- biggest lender by assets, climbed 5.9 percent to 103 baht. The bank maintained its full-year target for lending growth at between 15 percent and 18 percent, President Kannikar Chalitaporn told reporters. The Bangkok-based lender’s loan portfolio expanded about 22 percent in the first eight months of this year from the same period last year.
Thai Vegetable Oil Pcl (TVO TB), the nation’s largest soybean supplier, jumped 5.6 percent to 17 baht, the most since March 3. The company was upgraded to “buy” from “hold” at Bualuang Securities Pcl, which cited the expected increase in soy bean prices.
--Editor: Matthew Oakley
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