Bloomberg News

Thailand Stocks: Christiani, PTT Exploration, Sri Trang Agro

January 04, 2012

Jan. 4 (Bloomberg) -- Shares of the following companies had unusual moves in Thailand trading. Stock symbols are in parentheses and prices are as of the close in Bangkok.

The SET Index rose 1.1 percent to 1,036.21, the largest increase since Dec. 7. Thailand’s financial markets were closed on Jan. 2 and 3 for the public holidays.

Oil companies: PTT Pcl (PTT TB), Thailand’s biggest oil company, gained 1.9 percent to 324 baht, the highest close since Dec. 8. PTT Exploration & Production Pcl (PTTEP TB), the nation’s only publicly traded oil explorer, advanced 4.2 percent to 175.5 baht, its highest close since Aug. 4.

Crude oil rose 5.2 percent to $102.96 yesterday, the highest close since May 10. It traded at $102.61 in electronic trading today.

Christiani & Nielsen (Thai) Pcl (CNT TB), a construction company, advanced 3.2 percent to 3.9 baht, the most since Oct. 19. Globex Corp. raised its stake in the company to 57 percent from 37 percent after a tender offer, Christiani said in regulatory filing.

Sri Trang Agro-Industry Pcl (STA TB), the nation’s biggest publicly traded rubber producer, climbed 1.1 percent to 17.8 baht, halting a five-day slide.

June-delivery rubber gained as much as 3.1 percent to 271.6 yen a kilogram ($3,543 a metric ton) before settling at 265.7 yen on the Tokyo Commodity Exchange.

Khon Kaen Sugar Industry Pcl (KSL TB), a sugar producer, added 1.5 percent to 13.5 baht, the highest close since Sept. 16. Raw sugar for March delivery yesterday advanced 5.2 percent to settle at 24.51 cents a pound on ICE Futures U.S. in New York, the most since Sept. 29.

--Editors: Chan Tien Hin, Tony Jordan

To contact the reporter on this story: Anuchit Nguyen in Bangkok at anguyen@bloomberg.net

To contact the editor responsible for this story: Darren Boey at dboey@bloomberg.net


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